The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Construction giant Balfour Beatty is looking to save up to a third of its external legal spend by packaging certain areas of work and tendering it out to the lowest bidder.
The plans come as the company’s legal team begins to review its panel of external advisers, with an insider at the business saying the team is trying “innovatively” to cut external legal spend by outsourcing low-value work instead of cutting panel firms altogether.
Areas that will be classed as low value are likely to be repetitive, low-cost work such as employment, construction and property contracts. The work will be packaged off and tendered to the lowest bidder, be it an LPO provider or a law firm, with a final decision expected to be made in the next few months.
The aim is to cut up to a third of the company’s external legal costs while increasing efficiency for the in-house legal team, which is headed by global general counsel Chris Vaughan. Vaughan declined to comment on the proposed changes as the review is in its early stages.