While the second quarter of the Legal Business 100 (LB100) has seen a 7% increase to £2.93bn in its combined revenue over 2016/17, the group has been impacted by further consolidation at the start of the calendar year, which will see around £230m stripped from this total in our 2018 report. This group is starting …
Continue reading “Legal Business 100: The second 25 – Faster, pussycat”
As the debate over the future of London as a legal hub in a post-Brexit world rages on, London boutique firms and City practices that occupy the second half of the Legal Business 100 (LB100) have quietly got on with business. While in 2015/16 this group of firms was arguably the strongest-performing in the LB100, …
Continue reading “Legal Business 100: The second 50 – Eyes on the prize”
Oh for the days when politics was the last thing on the minds of City advisers. For years, British politics was an ignored backdrop for a legal profession used to a globalist, free-market agenda since the 1980s. How quaint such times seem in a national economy and City now overshadowed by Brexit and a convulsing …
London’s top firms have been quietly retrenching for years in mainland Europe. As Brexit looms, where has that left the Magic Circle? ‘Welcome to Europe, the haven of legal certainty,’ quips Burkhart Goebel, Hogan Lovells’ managing partner for continental Europe.
Political shocks, gyrating currencies and choppy markets – it has been yet another testing year for the Global 100. Legal Business looks at those shouldering the burden and those buckling under Twelve months ago, the global legal community was reeling from the shock UK referendum result to leave the EU. Senior industry leaders shook their …
The gap between top US firms and the middle-tier masses continues to widen as pressure to secure top-decile talent intensifies. Can the chasing pack keep up with America’s elite? ‘The competition is frenetic in terms of attracting talent as is the competition in being retained on the most complex and sophisticated client mandates,’ notes Paul, …
Continue reading “The Global 100: The Zone – The US elite turns up the pressure”
Last year did not run smoothly for Berwin Leighton Paisner (BLP). Merger talks with Greenberg Traurig publicly fell apart amid some acrimony, while the City firm’s revenues dipped 2% in the 2015/16 year, making it one of the few Legal Business 100 players to see its top line slide. Even before that, BLP had been …
David Patient, Travers Smith In the shadow of Brexit, a general election and an uncertain global economy, we assembled law firm leaders to debate the outlook for the leading UK law firms Rarely, if ever, has a 12-month period seen such a dramatic change in the prospects, opportunities and risks facing leading law firms. As …
The Big Four accountants are pushing once again into the legal services market as they hunt beyond their audit heartlands. Should you be worried? ‘It has happened to me where you serve a client, have a great book of business, and then Ernst & Young [EY] is lucky enough to win the audit work for …
Continue reading “Who’s afraid of the Big Bad Four? – Inside the accountants’ assault on law”
Legal Business‘s 15th annual Global London survey assesses the impact of a seismic year on the City’s leading US and foreign practices The vultures have been circling. Partner hires hit new heights among the 50 firms that comprise our Global London table this year, but overall the City’s US shops have remained steady after a …
Continue reading “Swoop to conquer – a turbulent year for US firms in London but no retreat”
