Herbert Smith Freehills (HSF) has moved one step closer to offering clients a full service out of its still fledgling German offices with the launch of local competition capability led by Taylor Wessing’s former regional practice head Michael Dietrich.
US firms find success as preferred advisers Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system …
Continue reading “Barclays cuts legal roster by 30% in global panel review”
Mishcon de Reya has hit its target of £100m in revenues by 2016, with 2013/14 turnover up 18% to £104.6m and profit per equity partner (PEP) up by 16% to £975,000, constituting 107% growth since 2009. The results come as Pinsent Masons enjoyed an uptick in its financials for a second successive year, with revenue up …
Magic Circle firm posts 16% PEP hike against 7% revenue increase Clifford Chance has emerged as the strongest-performing Magic Circle firm financially for 2013/14, as the UK elite all unveiled unaudited sterling figures to coincide with the launch of the Global 100 this month. The 3,000-lawyer firm has revealed a 7% rise in revenues to …
Continue reading “Clifford Chance eclipses UK elite as Global 100 unveiled”
Given the amount of time I spend hanging out with managing partners it’s not unusual to be asked by law firms how they could tweak their governance or how they stack up against peers. In one such recent conversation, I got to thinking about how best to prepare the new managing partner for the culture …
Continue reading “Advice for the new managing partner: don’t consult, just do”
Traditional methods of assessing external legal advisers’ performance are giving way to a more formalised approach. Legal Business examines the rise of the key performance indicator. ‘It goes back to the old business truism that you can only manage what you measure,’ says Eversheds head of international, Stephen Hopkins, who is responsible for the firm’s …
Continue reading “Numbers crunching – the rise of KPIs for the progressive client”
Menu Global 100 Overview – Superman Returns Global 100 2014 – Main Table Global 100 Market Comment – Word from the World Global 100 Choice of Law – Clash of the Titans Global 100 2014 – Core Stats Global 100 Regional View – Emerging Powers Global 100 Arbitration Focus – Battle for the City Methodology
Menu Global 100 Overview – Superman Returns Global 100 2014 – Main Table Global 100 Market Comment – Word from the World Global 100 Choice of Law – Clash of the Titans Global 100 2014 – Core Stats Global 100 Regional View – Emerging Powers Global 100 Arbitration Focus – Battle for the City Methodology
As journalists and managing partners hit reporting season the understandable urge rises once more to make sense of the legal world. Nearly six years since Lehman Brothers’ collapse did something substantive to the law game, what lessons can be learned? Fewer than you would think. The famous line from veteran screenwriter William Goldman (pictured) that …
Continue reading “‘Nobody knows anything’ – Goldman is more right than Maister”
Berwin Leighton Paisner (BLP)’s spin-off lawyer contracting service Lawyers on Demand (LoD) is set to launch its first hub outside of London in Manchester, after BLP in March announced it would open an office in the UK’s second largest legal market. LoD, which was launched by BLP in 2007 but hived off into a separate …
Continue reading “Lawyers On Demand looks beyond City with regional launch”
