14 December 2009
There were layoffs aplenty, but then came the transatlantic launches. By Julia Berris
As Africa’s economies continue to grow, opportunities for collaboration have never been greater. By Nankunda Katangaza
In January 2009 the downsizing began in earnest. Many of the biggest commercial firms had held off until the New Year, but Clifford Chance’s decision to make up to 80 lawyers redundant in London helped trigger a wave of layoffs around the City.
Baker & McKenzie has launched a diversity contact network aimed at allowing potential recruits to grill people within the firm about any diversity-related issues.
One year after the integration of CMS Russia, CMS Cameron McKenna managing partner Duncan Weston has not ruled out exporting the model across the network.
While the World Cup is still several months away, firms in South Africa have already begun to tackle the legal issues surrounding the tournament. Tom Phillips reports
Eversheds has been appointed as sole legal adviser to the French Ministry of Justice for its PPP work, as the UK-originated model expands further on the other side of the Channel.
Selection criteria ramped up to cope with expected graduate backlog. Firms are toughening already tight graduate recruitment criteria in a bid to stem the expected flood of candidates returning from gap years following the legal market’s biggest-ever trainee deferral programme.
A scheme whereby African lawyers are seconded to big City firms is paying off for all concerned. James Swift gets the lowdown from those involved
With the recession biting law firms right from the start of the year, 2009 has in many ways been the year of the general counsel.
The legal sector has evolved significantly over the past 10 years, with massive expansion being the mark of the decade. Despite this, as firms and in-housers prepare for the advent of 2010, the mood is distinctly more chastened than when they embraced the year 2000.
K&L Gates has changed the notice period for the majority of its international non-equity partners (NEPs), bringing all partners of this status onto a uniform 90 days.
A clear trend is emerging in litigation markets: the global recession has spawned a wave of high-value multijurisdictional disputes. It took months for the upswing to take hold, but in August - typically a quiet month for litigators - the instructions started to roll in.
Lord Justice Lloyd is tipped as the favourite to become the final judge appointed to the Supreme Court after Jonathan Sumption QC revealed last week that he had pulled out of the race.
Birmingham-based Martineau is to create the position of deputy managing partner to fill in for its globetrotting managing partner.
Proposals to scrap the bar’s longstanding cab rank rule have been rejected by the Ministry of Justice (MoJ).
Nabarro averted a cashflow problem last year by asking partners to inject an extra £5m into the firm.
Reynolds Porter Chamberlain (RPC) has bolstered its banking litigation team with the hire of partner Tom Hibbert (left).
Plexus Law has strengthened its links with insurance giant QBE by acquiring the insurance practice of Whitfield Hallam Goodall.
Figures attained from Companies House filings have revealed the extent to which the financial crisis has hit partnership levels at mid-tier City firms.
As the fifth anniversary of the launch of SA Law approaches, managing partner Steve Ryan says the firm’s investment in its employment practice has paid dividends during the downturn.
Speechly Bircham has turned to Nabarro for the hire of competition partner Robert Bell.
A group of 16 local authorities across Sussex are to launch a joint panel for the first time.
In a year of chronicling the recession, it’s fitting that our final issue of 2009 leads on the effect of the downturn on the future members of the legal profession.
As we stumble towards the end of 2009 we can take solace in the fact that we are a year nearer to economic recovery and the stabilisation of law firm revenues and profits.
The Lawyer’s annual litigation top 50, as revealed in last week’s issue (7 December), is proof that, while it might not be a tidal wave, litigation is definitely on the up.
Fresh from a sabbatical in India, Travers Smith’s incoming managing partner Andrew Lilley is upping the firm’s focus on its international profile by providing intensive language courses for its lawyers.
On 19 January 2010, the great and the good will roll up for The Lawyer’s annual Hot 100 party.
What is your favourite film? Reservoir Dogs.