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) has secured a 10-year lease on its London headquarters, making a saving of more than £20m over the next decade.
BLG chief executive David Jabbari said: “The security of low-cost London premises for 10 years, and the removal of up to £24m in property costs over that period, is a great base for a sustained period of profitable expansion in the UK and internationally.”
The firm’s City building will be refurbished as part of the deal.
The move comes after the firm completed the recalibration of its partner remuneration system. BLG unveiled plans to ditch modified lockstep in favour of a merit-based system in February (The Lawyer, 8 February). Its new system of pay bands will replace the old lockstep system of 30-100 points.
Jabbari said: “Fixed-share partners will allow greater flexibility in partner promotion and recruitment, and merit-based remuneration will reward our star performers.”