Risk management and professional indemnity survey 2022: Do the right thing

Risk management and professional indemnity survey 2022: Do the right thing

If the risk management team could be described as a law firm’s conscience, then it follows that the past two years have pricked that conscience to new heights. Of course, Covid-19 has changed the way everyone does business forever and firms are scrambling to align themselves with a new corporate culture that clients are espousing …

Stronger together? Not really

Stronger together? Not really

When we first launched our Euro Elite report in 2016, much of the narrative was that the future of the elite European independent firms as a breed looked assured but individually they faced challenging headwinds and delicate balancing acts to modernise their businesses for a more globalised and networked world. But we were perhaps being …

Euro Elite Overview: Sterner stuff

Euro Elite Overview: Sterner stuff

In what should be difficult times, our annual Euro Elite survey finds the 100 leading firms across more than 40 jurisdictions largely in great shape and looking forward to 2022 – with clearly no room for doom and gloom. The European Commission’s Winter 2022 Economic Forecast projects that, following a notable expansion by 5.3% in …

Global 100 overview: Beasts of burden

Global 100 overview: Beasts of burden

In Legal Business’ last Global 100 issue, as firms enjoyed financial years almost entirely untainted by the economic chaos wrought by Covid-19, we said the strain would start to show in this year’s report. It meant last year’s results were all the more important, as they would be the platform upon which Global 100 firms …

Take a good long look in the mirror before espousing change seriously

Take a good long look in the mirror before espousing change seriously

The words of BT Legal’s Leeanne Whaley, in ‘Held to account’, particularly stand out in this issue: ‘We spend a lot of money with external law firms. It historically suited law firms to not be transparent, but outside of big-ticket M&A and litigation, the job of a commercial lawyer is more replicable than ever.’ That …

Iberia focus: Banking on Success

Iberia focus: Banking on Success

Announced more than a year ago, the largest merger in the Spanish banking sector for some time became a reality in early 2021. The Spanish competition authority cleared CaixaBank’s acquisition of state-owned financial entity Bankia – which was bailed out during the country’s banking crisis in 2012 – at Phase I, subject to conditions. This …

Revolving doors: Cleary makes Bay Area move as HogLov and Squire enhance Africa offerings

Revolving doors: Cleary makes Bay Area move as HogLov and Squire enhance Africa offerings

In a bold Bay Area play, Cleary Gottlieb has announced that it is opening in California with the arrival of renowned antitrust trial lawyer Heather Nyong’o and the relocation of a team of partners and associates from its New York and Washington DC offices to Palo Alto and San Francisco. Nyong’o was partner-in-charge of WilmerHale’s …

LB100 Second 50: City and Boutique – Percentage play

LB100 Second 50: City and Boutique – Percentage play

The 21 London-based firms that sit in the second half of the LB100, many of which are specialist, focused players, are known for packing a punch that belies their size. These firms average 179 lawyers and 29 equity partners and have a combined turnover of more than £1bn. The group contains some of the strongest …

LB100 Second 50: Regional View – Faster, higher, stronger

LB100 Second 50: Regional View – Faster, higher, stronger

The regional and smaller national firms that sit in the 51-100 bracket of the Legal Business 100 (LB100) have again proved their mettle. Twenty nine firms, with an average of 250 lawyers and 30 equity partners, have shone again. Following last year’s 7% overall revenue growth, the group’s collective revenue was down to £1.41bn for …

The Legal Business Awards and GC Powerlist UK 2021: Great to be back!

The Legal Business Awards and GC Powerlist UK 2021: Great to be back!

Pinsent Masons, Travers Smith and easyJet were among the major winners at the 2021 Legal Business Awards, which returned as a live event following the pandemic, bringing together 600 guests in Covid-safe conditions at the Grosvenor House hotel on 30 September. As is tradition, the event was preceded by a reception to mark the launch of …