Gender diversity debate: Quantum of equality

Alex Novarese, Legal Business: Tracey, shall we talk about the background of the All Rise project? Tracey Dovaston, Barclays: We realised we had an opportunity as part of Barclays’ panel process to make some of our expectations on diversity measurable. We set out the expectations of our panel firms, which include that diverse teams work …

Lucrative, dependable business-as-usual

Lucrative, dependable business-as-usual

The fourth, and largest, Disputes Yearbook returns to find the contentious legal scene much as we left it in 2018. For lawyers offering high-end and upper-midmarket dispute services that remains a good thing, even if there have been busier years post-Lehman. The licence to print money from banking crisis-related work and Russia-inflected conflicts has been …

City paywars: a history lesson – Freshfields hikes hark back to era of Magic Circle domination

City paywars: a history lesson – Freshfields hikes hark back to era of Magic Circle domination

The news this week that Freshfields Bruckhaus Deringer was to push through the highest real-terms pay rises by a major City firm for a decade is a significant moment for the London legal market. The decision to hike its associate pay scale, raising its benchmark rate for newly-qualified solicitors from £85,000 to £100,000 is a …

Comment: US firms in London – ‘We haven’t been bullish enough!’

Comment: US firms in London – ‘We haven’t been bullish enough!’

There was never any doubt that 2018 would prove another good year for US law firms in London coming off what has been a great decade for the breed. But it is only when you start to pull together the numbers that you realise how fast the City legal market is shifting in favour of …

International Arbitration Centre launches: the City finally gets the world-class disputes space it has been waiting for

International Arbitration Centre launches: the City finally gets the world-class disputes space it has been waiting for

For years, seasoned practitioners have bemoaned the lack of top-notch arbitration facilities in London, casting an envious eye at the polished offerings in rival hubs like Singapore, even as the City has boomed as a global centre for dispute resolution. Now advisers sick of arguing about venues and decamping to hotels for major disputes are …

Innovation needs champions as Axiom doubts emerge

Innovation needs champions as Axiom doubts emerge

We have at LB Towers something of a reputation for being sceptical of the claims to fresh thinking surrounding much of New Law Land. One exception, though, has been Axiom, the pioneering outfit that pushed lawyering into the mainstream. Sure, Axiom’s message could be obscured by strangulated attempts to ape Silicon Valley speak, an odd …

The big 30 – Make ‘em partner or you’ll lose ‘em

The big 30 – Make ‘em partner or you’ll lose ‘em

Having recently shared a few drinks with one of the most talked-up youngish corporate lawyers in the City, the question came up about mid-way through as to what age they made partner. The answer: 36! And there lies much of what ails major law firms, though older partners continue to float around effecting increasingly unconvincing …

Comment: Too much jam today for partners yet the future of law will need long-term investment

Comment: Too much jam today for partners yet the future of law will need long-term investment

A little over five years ago Legal Business produced a cover feature dubbed ‘How to improve a law firm in 17 easy steps’. The piece – intended as a series of practical proposals to improve the working of law firms – has aged as well as anything printed in these pages. And while point one …

Shameless plug alert: Unveiling the programme for Enterprise GC

Shameless plug alert: Unveiling the programme for Enterprise GC

Readers of a sensitive disposition in the face of journalists bigging up their own wares, please turn away, this piece is not for you. But general counsel interested in what we hope is a genuine flagship event, we believe you’ll find something of interest as we now unveil the programme for this year’s Enterprise GC …