Knights' investor James Caan sets out lofty ambitions to break into UK top 20

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  • This firm will never get into the top 20, what solicitor would be happy to progress their career at a firm with no partnership prospects. Rather than hit the top 20, I predict that this firm will quietly disappear in the next few years and Caan will pull out.

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  • I wonder if Challinors is available for purchase?

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  • Without some big name lawyers, it's going to be very difficult for Knights to do more than become a high street chain, slogging it out on low margin work.

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  • There we have, in a nutshell, at 9.26, one of the biggest hurdles facing the legal profession. Who says partnership is the right structure for a law firm?

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  • @Anon 9.26: You fail to recognise that there are a lot of traditional partnerships where the "prospect of partnership" line used on fee earners is wearing a bit thin. For most fee earners the prospects of making partnership are worse than they've ever been. So the self-confident view from partnership level about Knight's likely demise may not be so readily shared by non-partner fee earners.

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  • Has the legal profession learned nothing from Dickinson Dees? They used to make grandiose statements like this. It doesn't impress anyone. It just hikes up expectations and makes the firm look foolish when it fails to meet its own hype.

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  • Knights look like the new "Quality Solicitors".

    Stacy Solomon to sing at the next office opening? Probably. A long mooted merger with Bond Dickinson that never happens? Probably.

    I guess there must be some value in these gimmicks. For example, they've managed to get a few column inches by making a crazy statement.

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  • @anon 9:26am - I echo the two comments above re. partnership. I'm sick of being told that to not particularly want to be a partner is to lack ambition. Complete tripe. I have ambition to rise in my profession. I have ambition to learn. I have ambition to become a respected solicitor in my chosen field. I also have ambition to earn more money as I become more experienced.

    Why do you have to be a partner to earn the money you deserve as an experienced solicitor and have greater control over your flexibility in working? No reason at all, other than an outdated approach to business structures. Beyond that, what does partnership bring you...? Management responsibilities. If I had ambition to be a business manager I would have gone into business management unsurprisingly. I have no interest in that whatsoever.

    It's great that some people want all of the additional things that come along with being a partner in an old-style firm; the good and the bad. I don't. It doesn't mean I lack ambition as a solicitor.

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  • Apart from the partnership point, what are Knights going to do that is so different from any other law firm? Mergers? That is very radical! Just saying that you want to be a top 20 firm is not enough, what are they going to do to get there apart from just quoting James Caan's name constantly and merging? It is a bit of joke........

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  • Knights can be a top 20 firm.

    Just get rid of most of the staff. Divert all of Caan's legal work through the organisation. Write to the top 20 and offer to sell the firm to them. Job done.

    Growing into a top 20 firm is impressive. Being taken over by a top 20 firm is less impressive.

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