2 Sept 2013
What will the legal industry look like in five years’ time?
Within a decade there will be three global insurance firms dominating the sector
Prediction: Within 10 years two large Chinese firms will have combined with foreign firms
Prediction: The large European independents will survive.
Prediction: Women will still represent less than 20 per cent of partners in the UK Top 20.
Prediction: At least five more major UK firms will collapse.
Prediction: The number of training contracts will fall.
The top end of the market is changing client demand for legal services changes, says Linklaters’ Simon Davies
Prediction: The bar’s collegiality compared to law firms is changing.
The global elite will split in two, the magic circle will be meaningless
Prediction: In-house legal functions will get bigger and more specialist.
Managing partners set out their vision for the future of legal services
For many firms, the market will fundamentally change, says Freshfields senior partner Will Lawes
Leo Dezoysa, legal boss at the company that holds the rights to Agatha Christie’s works, finds it very strange that more law students don’t plump for the in-house life
How did leading figures see the market of 2013 emerging?
Why Dacheng’s Moscow link may not bring home the cabbage for the Chinese giant
Tax incentives and the holding off of new exploration regulations mean fracking will soon get off the ground
Hengeler Mueller and Sullivan & Cromwell are leading the legal advice on the proposed €1.75bn (£1.5bn) acquisition of listed German landlord GSW by rival Deutsche Wohnen.
The banking crash is still firms’ major source of activity but an oversupply of lawyers means graduates face an even tougher time as that work dries up
Addleshaw Goddard, US leviathan Quinn Emanuel Urquhart & Sullivan, and top Korean firm Kim & Chang are among the many international practices to have set up shop in Hong Kong over the past year. At first glance, the influx of firms suggests that business is booming ...
Networks play a vital role in the internationalisation of the legal market, and an innovative approach to training helps keep them competitive with the major global firms
Move of the week
Financial regulation reforms are an opportunity for firms to ramp up their customer service
The challenge to Richard III’s proposed burial site should not be used as a tool to limit judicial review rights
Market shift sees firms pay for overambitious trainee policies
With trophy hire strategy in question it is time for firm’s in-house talent to step up
This much we all know: since the beginning of the financial crisis in 2008 the clients have called the shots on pricing and service delivery.
Elisabeth Bellamy is operations director at Manchester-based Linder Myers Solicitors, having joined the firm in 2012 when the firm merged with Drummonds.
Asia Pacific will grow its own law firm giants and the present global pecking order will change, big-time
Judicial review row reignited as parties cross swords over former king of England