The Last Word: A year in review

The Last Word: A year in review

Aside from bad knitwear and excessive alcohol consumption, Christmas is a time for reflection as well as looking ahead. With this in mind, we asked some senior law firm figures for their thoughts. Rose-tinted spectacles are optional. Striking the balance ‘Much of our focus this year has inevitably been on integration and on being instructed …

Forget Dewey – in Wall Street star power is greater than ever

Forget Dewey – in Wall Street star power is greater than ever

I flew into Manhattan to The New Yorker chronicling the death of Big Law with a pacey dissection of the fall of Dewey & LeBoeuf. Three days later I flew out to The New York Times covering the fee bonanza for Wall Street lawyers generated by J.P. Morgan’s regulatory nightmare. There you have it – …

Almost meeting minds – a select band of CIOs and MPs plot a big, big breakthrough

Almost meeting minds – a select band of CIOs and MPs plot a big, big breakthrough

During the original dot-com boom, there was a brief period – oh so brief – when legal technologists and managing partners were almost on the same page. With both camps dreaming of dramatic use of IT projects to revolutionise the legal business – the era of Blue Flag – there were big sums signed off, …

Norton Rose Fulbright aims at Global Elite

Norton Rose Fulbright aims at Global Elite

The worst-kept secret in global law finally became official in November. Norton Rose and Fulbright & Jaworski announced their 3,800-lawyer tie-up in June 2013, creating a $1.9bn firm comfortably inside the top ten largest in the world. It’s been a long time coming. We first spoke of merger rumours between the two firms in 2008 …

FSA’s Cole holds all the cards in choosing her next move

FSA’s Cole holds all the cards in choosing her next move

After two years of speculation in the financial services sector, it has finally happened. Margaret Cole, Financial Services Authority (FSA) managing director and all-round tough lady, is leaving the regulator after seven years. Dubbed in 2011 by a finance partner as the ‘most hated woman in the City’, Cole’s legacy at the UK watchdog will …