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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.
Former 7 Bedford Row chief executive Stephen Allen and ex-Peel Court CEO Ian Dodd have launched BarFutures – a post-Clementi service that aims to cut barristers’ expenses.
The service seeks to remove the expenses related to clerks and chambers’ contributions. While the barristers who join the company will be able to work from home, BarFutures will also provide hot-desk hubs in Chancery Lane and Manchester when barristers need to be near court.
Allen told The Lawyer that, by cutting expenses, the service would benefit legal aid barristers by enabling them to keep more of their £91-an-hour fee earnings.
“Chambers are both highly expensive and generally inefficient in the way they operate,” said Allen. “Most are based in city centre premises with high rental agreements that have to be paid regardless of income, and costly back-office charges, which ultimately lead to an increased cut of the barristers’ fee income.”