The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Increased bonuses at Akin Gump Strauss Hauer & Feld are creating tensions between the firm’s Texas headquarters and the rest of its network.
The firm’s new five-year plan, which puts New York at the centre of its international strategy, has seen partners okay a one-off bonus hike for higher-performing partners, some of whom are based in New York.
A source close to the firm said: “There’s a lot of tension between Texas and New York because they feel the centre of the firm is shifting to New York.”
A partner at the firm acknowledged the tension, but added: “Change is never easy and there will always be differences in opinion.
“We have a new five-year plan that is focused on advancing on a national and international level. New York’s been very successful for us and we’re continuing to grow across the firm.”