An ill wind… The LB100 leadership debate

An ill wind… The LB100 leadership debate

Alex Novarese, Legal Business: How is the market generally?

Lee Ranson, Eversheds Sutherland: Most of the managing partners around this table will say it was a better 2017 than expected. We had some of our highest numbers against a budget where we were very, very wary with Brexit and uncertainty. Very strange. We are going into a new budget now and management is more cautious than the practitioners. Continue reading “An ill wind… The LB100 leadership debate”

The Legal Business 100 debate: No quarter asked

The Legal Business 100 debate: No quarter asked

As a resurgent mid-tier asserts itself in the UK legal market, our LB100 debate brings together City players to talk tactics, threats and sharpening your focus.

If the talking point of the UK legal market in recent years has been the sparkling performance of the City mid-tier, success is not leading to complacency. Bringing together a group of leading law firms to pick up themes from our recent annual Legal Business 100 report, it was clear that discipline, focus and a pronounced streak of insecurity means that the group are determined not to surrender the hard-won success they have achieved in the last five years.

Continue reading “The Legal Business 100 debate: No quarter asked”

The Legal Business 100 debate: No quarter asked

The Legal Business 100 debate: No quarter asked

As a resurgent mid-tier asserts itself in the UK legal market, our LB100 debate brings together City players to talk tactics, threats and sharpening your focus.

If the talking point of the UK legal market in recent years has been the sparkling performance of the City mid-tier, success is not leading to complacency. Bringing together a group of leading law firms to pick up themes from our recent annual Legal Business 100 report, it was clear that discipline, focus and a pronounced streak of insecurity means that the group are determined not to surrender the hard-won success they have achieved in the last five years.

Continue reading “The Legal Business 100 debate: No quarter asked”

LB100 2014: Statistically speaking, you may not need a bigger boat

LB100 2014: Statistically speaking, you may not need a bigger boat

Last year delivering our annual results issue Legal Business remarked that the age of turbulence facing law firms since the 2008 banking crisis was far from over. And so it has proved. Despite all the talk of returning confidence, and clear evidence of recovery in the UK economy, it’s still choppy out there. Stripping out another year of consolidation, the numbers are a little better than 2013 but that’s about it. Mergers have driven the market to nearly £21bn in revenues but average partner profit of £640,000 across the top 100 is still a way off the all-time peak of £703,000 recorded in 2008. The world’s second largest legal market is tracking inflation.

Continue reading “LB100 2014: Statistically speaking, you may not need a bigger boat”

Wish you were here?

Wish you were here?

This year’s Legal Business 100 firms continue to grow in revenue, but how much is performance in foreign markets masking woes at home? LB finds out

Things have changed in the Legal Business 100 this year. At least seven firms have merged with others, either overseas or at home, while another three have bolted on chunks of the now extinct Halliwells. Five of these firms have seen superficial revenue rises as a result of consolidation, while it is impossible to analyse the fee income ebb and flow at Norton Rose and Hogan Lovells because of recently completed mergers.

Continue reading “Wish you were here?”