Among the wealth of content at this September’s Business Leadership Summit currently filed under the heading “don’t miss”, few will be more pertinent to many people than the session on new career paths in the legal market.
Business Leadership News
Hogan Lovells executive manager Neil May has been appointed chief executive of common law set 42 Bedford Row following a unanimous vote by the chambers’ executive board.
The Lawyer’s Africa Elite report is published on Monday (30 March). Ahead of that the first-ever managing partner of Webber Wentzel, one of South Africa’s oldest and largest firms, unveils her plans for the future.
Berwin Leighton Paisner managing partner Neville Eisenberg has been appointed in an uncontested election to a four-year term as the firm’s senior partner, effective from 1 May.
RPC is the latest firm to post double digit growth as revenue increased 12 per cent, from £84.1m to £94m, for the 2014/15 financial year.
Olswang posts 7.7 per cent revenue increase to £126.7m in 2014/15 results while debt drops to £10.1m
Olswang has reported a 7.7 per cent increase in revenue from £117.6m to £126.7m in 2014/15, while its net debt dropped 54.1 per cent from £22m to £10.1m.
Allen & Overy (A&O) has achieved a sixth consecutive year of growth in 2014/15, increasing its global turnover by 4 per cent from £1.23bn to £1.28bn, while average profit per equity partner (PEP) grew by 8 per cent to £1.21m.
Herbert Smith Freehills has turned over £815m in its second financial year since becoming a fully merged firm, a rise of just 2 per cent on the previous financial year.
Linklaters has reported a 1 per cent increase in turnover to £1.267bn in 2014/15, at the same time as managing partner Simon Davies confirmed he is stepping down early to join Lloyds Banking Group as chief people, legal and strategy officer.
As hackers grow more sophisticated, a high-profile cyber breach at a firm is a matter of when not if. How can lawyers minimise risk and manage clients’ increasing demands?
Business Leadership Analysis
This year’s International Top 30 reveals a market in excellent health. As this executive summary of the report shows, taking just revenues alone, these firms’ finances have gone through the roof.
Merger activity over the past three years shows a trend for consolidation, but UK 200 data shows not all tie-ups create a better balance sheet.
The legal market is having to adjust to a rapid pace of change, but there’s all to play for if you’re willing to break the mould. A selection of this year’s Hot 100 tell us their game plan.
Blackstone Chambers is looking to recruit junior tenants this year after losing a number of its mid-level commercial barristers.
Irwin Mitchell has completed its seventh acquisition since gaining its ABS licence through after merging with P&A Receivables Services.
West End firm Spring Law has acquired London employment boutique Ferguson Solicitors, giving it a combined turnover of £5m.
Cambridge firm Hewitsons will merge with City firm Moorhead James after both partnerships voted in favour of the tie-up earlier in June.
The specific issues that in-house legal counsel face mean their choice of outsourcer is not a straightforward matter of cost.
UK firms might lead those in the US when it comes to change, but it’s coming to everyone, like it or not.
ABS News and Analysis
Private-equity backed firm Knights is set to open a Derby office in August following the doubling of its turnover to a projected £20m in 2014/15.
Life has been tough for the public sector in the past few years, with spending cuts hitting home.
Promoting competitive sales in concordato preventivo procedures download subscription
New rules for the competitive bid process aimed at the sale of the debtor’s assets.
Mutual Recognition of Funds scheme marks new milestone in fund passporting download subscription
The Commencement of the Mutual Recognition of Funds (MRF) scheme has set the tone for further potential boosts to Asian fund passporting schemes.
EU/Austria: Implementation of the water framework directive download subscription
What remains of the ‘class theory’ following the ECJ’s 1 July 2015 (C- 461/13) ruling with regard to the ‘no-deterioration’ clause?
Duty of candour can bring honesty, sympathy and openness needed to vastly improve health care download subscription
Known as the ‘duty of candour’, the new guidelines make clear that patients should expect a face-to-face apology.
Widespread adoption of data and analytics among businesses, yet many challenged to derive value from the data download subscription
A KPMG report highlights a growing gap between how businesses currently use D&A and their ability to apply it to untapped areas of rich opportunity.