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.
Barlow Lyde & Gilbert (BLG) is bracing itself for a flat profit at the end of the fourth financial year in a row. The firm, best known for insurance and professional indemnity-related litigation, has posted an average profit per equity partner (PEP) of £380,000 each year since 2004.
The results will be a blow for the firm as its attempts to introduce a modernisation programme aimed at attracting and retaining star talent.
One of the most radical changes in recent weeks has been the introduction of a discretionary bonus aimed at rewarding outstanding performance.
Another year of flat profit will increase pressure on the all-equity BLG to look for more radical measures, such as introducing a layer of salaried partners, to raise PEP.
Senior partner Richard Dedman said that the firm was "waking up to the need to be more flexible in response to a labour market that is more mobile". That's a pretty big hint of things to come.