Numbers crunching – the rise of KPIs for the progressive client

Numbers crunching – the rise of KPIs for the progressive client

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 single-supplier client relationships, a number of which use a series of well-established key performance indicators (KPIs) to measure adviser performance.

Continue reading “Numbers crunching – the rise of KPIs for the progressive client”

Barclays cuts legal roster by 30% in global panel review as American firms find success

Barclays cuts legal roster by 30% in global panel review as American firms find success

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 of ‘preferred’ and ‘approved’ firms. Continue reading “Barclays cuts legal roster by 30% in global panel review as American firms find success”

Guest post: Is sustainability improving corporate and professional ethics?

Guest post: Is sustainability improving corporate and professional ethics?

The ethical dimensions of in-house practice are a significant source of academic and practical interest, as the recent investigation of GM suggests. I have the pleasure of doing two projects where I engage with in-house lawyers on ethical questions: one on the ethics of legal practice and the other on legal risk. So it was with great interest that I read Bond Dickinson report Beyond Responsibility: The emerging role of legal counsel in sustainable business. Continue reading “Guest post: Is sustainability improving corporate and professional ethics?”

UK big six energy giant SSE announces seven-strong inaugural legal panel

UK big six energy giant SSE announces seven-strong inaugural legal panel

Big six energy giant SSE has set up an inaugural seven-strong law firm panel following an ‘extensive selection process’.

Freshfields Bruckhaus Deringer, Addleshaw Goddard, CMS, Osborne Clarke, Gillespie Macandrew, Thorntons and Kennedys have been appointed to advise across various legal disciplines, including but not limited to construction, property, finance, litigation and corporate. Continue reading “UK big six energy giant SSE announces seven-strong inaugural legal panel”

Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America

Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America

As Latin America increasingly becomes a global economic force, the role of the in-house lawyer in the region has evolved to produce some of the most impressive names in the legal industry.

Below are selected highlights taken from the debut edition of The Legal 500’s Corporate Counsel 100: Latin America, which identifies an array of the region’s most influential in-house counsel.

Continue reading “Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America”

Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America

Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America

As Latin America increasingly becomes a global economic force, the role of the in-house lawyer in the region has evolved to produce some of the most impressive names in the legal industry.

Below are selected highlights taken from the debut edition of The Legal 500’s Corporate Counsel 100: Latin America, which identifies an array of the region’s most influential in-house counsel.

Continue reading “Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America”

‘Slower than expected growth’ sees Co-operative Legal Services unveil £22m operating loss with flat turnover

‘Slower than expected growth’ sees Co-operative Legal Services unveil £22m operating loss with flat turnover

Co-operative Legal Services (CLS) has made an operating loss of £22m for 2013 and unveiled a flat turnover, blaming a slower than expected growth rate for the period and factors including a hit to its personal injury business stemming from the Jackson Reforms. Continue reading “‘Slower than expected growth’ sees Co-operative Legal Services unveil £22m operating loss with flat turnover”

Taylor Wessing City duo leave to head legal at client OB10 and boost construction at Wedlake Bell

Taylor Wessing City duo leave to head legal at client OB10 and boost construction at Wedlake Bell

Taylor Wessing has lost two senior London partners as UK telecoms head Patrick Clark moves to head the legal team at one of the firm’s clients, City-headquartered global e-invoicing network OB10, and longstanding construction heavyweight Helen Garthwaite joins LB100 firm Wedlake Bell. Continue reading “Taylor Wessing City duo leave to head legal at client OB10 and boost construction at Wedlake Bell”

‘Difficult quarter’ for Citigroup as it discloses 33% increase in Q1 2014 legal spend

‘Difficult quarter’ for Citigroup as it discloses 33% increase in Q1 2014 legal spend

Citigroup has joined a raft of global financial institutions that have declared a substantial rise in their legal spend, up by 33% in the first quarter of 2014 compared to the same time last year, according to the bank’s financial report released yesterday (14 April). Continue reading “‘Difficult quarter’ for Citigroup as it discloses 33% increase in Q1 2014 legal spend”