The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Herbert Smith is poised to release the results of a far-reaching strategic review ’imminently’, according to sources close to the firm.
Dubbed internally as ’Project Blue Sky’, the review was launched around the start of the year.
The strategic overhaul is separate from the 12-month review of the firm’s systems and efficiency levels that is being carried out by consultant Pricewaterhouse- Coopers.
A Herbert Smith spokesman confirmed the strategic review was in progress but declined to comment further.
According to insiders, its scope is wide-ranging and likely to address partnership structure, strengths and weaknesses in practice areas, remuneration, internationalisation and employment matters.
“There is a level of expectation that it will be something important and significant,” a source close to the firm said.
Herbert Smith undertakes strategic reviews on a regular basis, but it is understood Project Blue Sky is addressing current concerns including the flagging profitability of the firm’s corporate practice, which missed budget by £20m (The Lawyer, 7 September).