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December 12, 2013 |
Bringing up the subject of conflicts of interest is guaranteed to get law firms hot under the collar. It's just not a topic they are comfortable discussing because, while the Solicitors Regulation Authority has clarified and re-clarified its rules several times in recent years, a law firm's decision to act or remove itself often comes down to its own judgement.
By Charlotte Edmond
1 minute read
December 12, 2013 | International Edition
Bringing up the subject of conflicts of interest is guaranteed to get law firms hot under the collar. It's just not a topic they are comfortable discussing because, while the Solicitors Regulation Authority has clarified and re-clarified its rules several times in recent years, a law firm's decision to act or remove itself often comes down to its own judgement.
By Charlotte Edmond
1 minute read
December 5, 2013 |
Back in May, Legal Week tallied up the number of law firm jobs placed at risk of redundancy over the previous 12 months. The figure reached was a rather shocking 1,300, including some 750 jobs that had actually been cut at that point. Since then, the number of firms announcing redundancy programmes has slowed dramatically, although not completely. Several firms including DWF, Taylor Wessing and Bond Dickinson have made cuts – particularly following mergers and back office outsourcing deals.
By Charlotte Edmond
1 minute read
December 5, 2013 | International Edition
Back in May, Legal Week tallied up the number of law firm jobs placed at risk of redundancy over the previous 12 months. The figure reached was a rather shocking 1,300, including some 750 jobs that had actually been cut at that point. Since then, the number of firms announcing redundancy programmes has slowed dramatically, although not completely. Several firms including DWF, Taylor Wessing and Bond Dickinson have made cuts – particularly following mergers and back office outsourcing deals.
By Charlotte Edmond
1 minute read
November 21, 2013 |
Positive half-year financials and increased deal flow may be pointing to a brighter outlook for law firms, but for the foreseeable future the balance of power will remain firmly with clients. With each panel review that passes, law firms are falling over themselves to get in in-house teams' good books, throwing in secondees, training and all manner of other added extras in an attempt to secure lucrative mandates. Despite this trend, Legal Week Intelligence's annual Client Satisfaction Survey, which this year polled more than 1,400 senior in-house counsel on how they rate their external law firms, has consistently found that the factor clients value above all else is quality of legal advice. Out of 10, clients place an average value of more than 9.5 on the importance of the standard of legal advice provided.
By Charlotte Edmond
1 minute read
November 21, 2013 | International Edition
Positive half-year financials and increased deal flow may be pointing to a brighter outlook for law firms, but for the foreseeable future the balance of power will remain firmly with clients. With each panel review that passes, law firms are falling over themselves to get in in-house teams' good books, throwing in secondees, training and all manner of other added extras in an attempt to secure lucrative mandates. Despite this trend, Legal Week Intelligence's annual Client Satisfaction Survey, which this year polled more than 1,400 senior in-house counsel on how they rate their external law firms, has consistently found that the factor clients value above all else is quality of legal advice. Out of 10, clients place an average value of more than 9.5 on the importance of the standard of legal advice provided.
By Charlotte Edmond
1 minute read
November 14, 2013 | International Edition
Top M&A lawyers are a red-blooded bunch and traditionally far more bullish than their conservative colleagues in other practice areas. So it has been pretty depressing to watch how subdued they have been over the past few years. Even once the worst of the crisis was over, few have been willing to stick their neck out beyond muttering about 'cautious optimism', the anaemic phrase that has become their post-crunch cliche of choice.
By Charlotte Edmond
1 minute read
November 14, 2013 |
Top M&A lawyers are a red-blooded bunch and traditionally far more bullish than their conservative colleagues in other practice areas. So it has been pretty depressing to watch how subdued they have been over the past few years. Even once the worst of the crisis was over, few have been willing to stick their neck out beyond muttering about 'cautious optimism', the anaemic phrase that has become their post-crunch cliche of choice.
By Charlotte Edmond
1 minute read
November 7, 2013 |
With a string of high-profile mergers from Ashurst Australia to King & Wood Mallesons and SJ Berwin going live in recent months, it can be easy to forget the leg work done behind the scenes – much of which it is still going on – to push these deals over the line. What at partner level boils down to a tie-up of compatible practices takes a serious amount of work from support teams ranging from human resources to marketing and IT to align systems and processes and unite the firms.
By Charlotte Edmond
1 minute read
November 7, 2013 | International Edition
With a string of high-profile mergers from Ashurst Australia to King & Wood Mallesons and SJ Berwin going live in recent months, it can be easy to forget the leg work done behind the scenes – much of which it is still going on – to push these deals over the line. What at partner level boils down to a tie-up of compatible practices takes a serious amount of work from support teams ranging from human resources to marketing and IT to align systems and processes and unite the firms.
By Charlotte Edmond
1 minute read
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