0 results for 'Beachcroft LLP'
No more half measures: can Barlows' management prove the doubters wrong?
"We're focusing on stability," says Barlow Lyde & Gilbert senior partner Simon Konsta. And who could query those sentiments? Despite having built a reputation as one of the City's top insurance and litigation firms, Barlows has had an unhappy recent history. The last 15 years have been marked by a series of strategic shifts, while over the last five years financial performance has increasingly lagged behind its peer group. Since 2007 the firm has made repeated efforts to update its management and reshape its practice, with Barlows moving to refocus its business around its insurance core. The result has been a series of partner departures and a firm still searching for the stability Konsta cites.The Legal Services Act - a great opportunity, but not for us
Given the pressure to avoid being crushed by the firms above or ousted by the firms below, it is in many ways surprising that the rising 25 aren't paying more heed to the Legal Services Act (LSA) and the potential for change it could bring. To date, a limited few have expressed interest in making fundamental changes to their business, including taking advantage of outside investment permitted under the Act. While undoubtedly all firms are watchful of the LSA's impact, most are unwilling to be the sacrificial lamb that tries it first.Beachcroft lays out new structure of free-standing claims division
Beachcroft has overhauled its claims division, creating a free-standing practice with new senior management. The national firm's insurance partner James Morris has been appointed to the newly-created role of chairman of the claims division, which has been renamed Claims Solutions.Taylor Wessing reports 4% H1 revenue rise
Taylor Wessing has improved its financials at the half-year stage with the Anglo-German firm's global turnover up 4% on the same period last year. The increase comes after the firm last year reported a 15% drop in H1 revenues to £77m, with this year's 4% rise increasing turnover to £80m based on that figure. Taylor Wessing this summer posted a 5.3% drop in firmwide revenues to £178m for the full 2009-10 financial year, while the firm's UK arm saw turnover fall 7.3% to £84.5m.Beachcroft asked partners to make £5m capital contribution last year
Beachcroft asked its members to contribute £5m in capital during the last financial year, the firm's limited liability partnership (LLP) filings have revealed. The UK top 25 firm asked members for a substantial capital increase of £5m in 2008-09, compared to only £658,000 the previous year, according to its 2008-09 account filings with Companies House.Beachcroft launches new mentoring scheme for newly-promoted lawyers
Beachcroft has launched a mentoring scheme intended to help newly-promoted lawyers adapt to changes in their roles.More than 60 of the national law firm's partners and staff have signed up to mentor lawyers at the firm, as part of a scheme that was officially rolled out at the beginning of the month. The programme, which is primarily aimed at helping salaried partners make the steps to the equity ranks, will also see trainees within the firm assigned a mentor throughout their two-year training contract.Around 25 individuals, including partners, senior associates and human resources officers, have so far been trained as mentors, with a similar number expected to be trained by the end of the month.Lawyers will be able to turn to their mentors for advice on issues concerning their clients, their roles within the firm and their career path. Beachcroft's human resources director, Phil Cousins, said: "In the broadest sense it is to help a gradual cultural shift to a coaching style as opposed to the conventional directive style typical to lawyers. As a result, one of the tactics of the scheme is, in a sense, as much about coaching as it is about mentoring. "Rather than open up the floodgates we are taking a gradual approach so the scheme is welcomed, beneficial and wanted. We need to take it steadily to show that effective mentoring can be achieved."Many of London's law firms, including Berwin Leighton Paisner, Allen & Overy and Addleshaw Goddard, already operate some form of mentoring system for lawyers.Separately, SJ Berwin has become the latest firm to explore the option of alternative career paths. The firm is consulting with its associate solicitors forum about the option of bringing in an alternative to partner, potentially bringing in an 'of counsel' role. Legal Week's assistant report, published late last month, found that 67% of law firms now operate some form of partnership alternative, with firms including Olswang and Nabarro among more recent converts.Field Fisher scores second partner with Reed Smith hire
Field Fisher Waterhouse has bagged its second partner in a week after taking on Lesley Webber from Reed Smith. Webber joins the firm's City real estate practice from the local office of Reed Smith, where she was a partner and head of the UK property litigation and planning group.TRENDING STORIES
More from ALM
- Morgan & Morgan Class Action Attorneys Detail Pathway to Success Within Cybersecurity and Data Privacy Practice 1 minute read
- Holwell Shuster & Goldberg Partners Leverage 'Hostile' Witnesses to Secure $101 Million Verdict Against Walmart 1 minute read
- Legal Speak at General Counsel Conference Midwest 2024: Mike Andolina, Partner, White & Case 1 minute read
Resources
Countdown to Compliance: SEC Private Fund Reforms
Brought to you by Ontra
Download Now
Top 10 Compliance Concerns for Private Fund Managers
Brought to you by Ontra
Download Now
The Top 10 Terms in Private Equity NDAs
Brought to you by Ontra
Download Now