It used to be that law firms were rather more comfortable doling out advice than receiving it, but in an increasingly complex and regulated environment, major law firms can no longer make do bluffing their way through. Given that corporate governance at law firms can often be much less virtuous than the example they preach to their clients, it takes a certain kind of tenacity for the growing band of advisers to the legal industry to influence their clients.
As Iain Miller, regulatory partner at law firm Kingsley Napley, puts it: the professionalisation of risk management over the last five to ten years has been ‘huge’, which has encouraged a fertile breeding ground for advisory firms offering services in the legal sector. Continue reading “Watching the watchmen – inside the growing market for legal advisory work”
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 summit.
Legal Business’ editorial team this year took the lead in pulling together a programme for the event, including signing up a top-class steering committee of GCs that have been generous with their time in helping us create our agenda. Continue reading “Shameless plug alert: Unveiling the programme for Enterprise GC”
Simon Levine (SL), co-chief executive, DLA Piper: I had a bit of fun and looked at the article you wrote on me when I first started [as DLA Piper’s co-chief executive, published in March 2015].
Legal Business (LB): Are you trying to catch us out? Because we got into this job to be inconsistent. Continue reading “The DLA interview: On this rock I build…”
Linklaters’ Hong Kong based finance partner Davide Mencacci has replaced Tony Bugg to become the firm’s first non-London based banking head.
Linklaters announced today (11 February) the election of the former Allen & Overy partner to the role for four years, while Bugg stepped down three years into his term to go back to full time fee-earning. Continue reading “Linklaters turns to Asia for new banking head as Bugg steps down after three years”
On occasion, we are asked to give our house view at partner conferences and the like. Undertaking one such gig last month for a top-50 UK law firm while the government unhelpfully melted down in the background, I put down some notes on the outline questions the law firm asked me to address before the conference. Obviously, I was not reading my notes in front of the audience in a two-way Q&A and did not stick to the script, but with a little scrubbing up and the identifying information removed, the notes seemed a decent compilation on the kind of topics that Team LB is frequently asked to opine on.
*** Continue reading “Comment: The Legal Business view on the profession for you to cut out and keep”
As 2018 draws to a close, an editor’s thoughts naturally turn to digging out stuff we’ve already done when they should be focusing on stuff we haven’t yet done for 2019. So with that proud tradition in mind, dear reader, below are ten defining pieces from the last 12 months that shone some light on this funny old game we call law.
We’ll now be taking a break from live blogging over the Christmas period but we’ll be returning early in 2019 for what promises to be another… eventful year in the legal profession. Nearly mentioned Brexit just then but I got away with it… Continue reading “Looking back on 2018 – The year in law through ten on-point pieces”
Sabine Chalmers was concerned about coming back to the UK. Absent for more than two decades, most recently in the US as chief legal and corporate affairs officer at drinks giant Anheuser-Busch InBev, she had built a reputation as one of the leading lights of the general counsel (GC) community. But when she first left the UK, the GC role lacked stature, particularly in contrast to the US. ‘I was concerned about how a UK role would compare to the experience I’d had in the US.’
But she did return in 2018, to one of the most senior legal roles in the UK – BT group GC. ‘It’s been encouraging and interesting because the role of the GC has grown. They sit at the top table and report to the chief executive, they have the compliance and company secretary hats: that’s great for the function.’ Continue reading “From monkey to organ grinder – assessing the modern in-house team”
Marco Cillario caught up with CMS UK managing partner Stephen Millar to discuss the first year since the three-way union with Nabarro and Olswang went live
Legal Business (LB): What’s your general take on the first year and a half of life of CMS Cameron McKenna Nabarro Olswang? Continue reading “The CMS interview: Pains and gains”