Comment: The Mindful Business Charter: In praise of baby steps

Comment: The Mindful Business Charter: In praise of baby steps

The name, the Mindful Business Charter, does not in itself inspire huge confidence but, judging the legal profession on its willingness to at least try to address stress and mental health pressures, the initiative still constitutes pretty much law’s quality-of-life cutting edge. The venture, first put together last year by Pinsent Masons, Addleshaw Goddard and …

Being most things to most clients just isn’t sustainable

Being most things to most clients just isn’t sustainable

Years ago, in the immediate wake of the banking crisis, I wrote a column on the notion that top London law firms, having pursued consolidation and growth for the preceding quarter century, had fallen out of love with being big. The argument was that they were increasingly focused on segmentation – meaning tighter focus on …

The Mindful Business Charter: In praise of baby steps

The Mindful Business Charter: In praise of baby steps

The name, the Mindful Business Charter, does not in itself inspire huge confidence but, judging the legal profession on its willingness to at least try to address stress and mental health pressures, the initiative still constitutes pretty much law’s quality-of-life cutting edge. The venture, first put together last year by Pinsent Masons, Addleshaw Goddard and …

Vital signs – the passing of old Ashurst holds new life

Vital signs – the passing of old Ashurst holds new life

Sometimes in institutional terms, something has to die before something new can live. The good news for Ashurst, as chronicled in this month’s cover feature, is that the City player is showing vivid signs of renewed life, with the firm set to post by far its best performance after a decade that has been plain …

Comment: Innovation needs law firm champions as Axiom doubts emerge

Comment: Innovation needs law firm 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 …

Comment: ‘This ain’t stewardship’ – delaying partnership until mid-30s is unsustainable

Comment: ‘This ain’t stewardship’ – delaying partnership until mid-30s is unsustainable

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 …

The International Arbitration Centre launches: The City finally gets the disputes space it’s been waiting for

The International Arbitration Centre launches: The City finally gets the disputes space it’s 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 …

Comment: Beyond barbarian – Another stride as Kirkland signs private equity’s most wanted

Comment: Beyond barbarian – Another stride as Kirkland signs private equity’s most wanted

If the news in late 2017 that Freshfields Bruckhaus Deringer private equity veteran David Higgins was joining Kirkland & Ellis was an insult to his Magic Circle firm, the announcement barely into 2019 that Kirkland was following up with his colleague Adrian Maguire looks like grievous injury. The record-breaking transfer of Higgins was a symbolic …

Comment: It’ll take more than a float to make DWF the new DLA

Comment: It’ll take more than a float to make DWF the new DLA

Regular readers will have to forgive two columns in one issue on capitalising law firms but the day I write this piece DWF has finally set out its stall for that much-touted public float. As can be gleaned from last autumn’s cover feature on law firm IPOs, there is a considerable scepticism regarding the rhetoric …

The future of law will need long-term investment

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 …