The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Baker & McKenzie’s (B&M) London office has saved itself almost £250,000 on notepaper and toilet roll.
The firm paid a fee of around a tenth of that to procurement specialist Amethyst, which is in the midst of a programme to streamline B&M’s procurement expenses.
B&M’s stationery and cleaning contracts were the first to be targeted in a full-scale review of London’s costs. Travel, catering and utilities will be the next to be tackled.
“Lawyers in the past have been very focused on fee generation. Procurement, as you’d find in a big plc, hasn’t been top of the list, and commercially there are obvious benefits,” said Amethyst director Mike Watson.
B&M’s stationery and cleaning contracts were worth around £500,000 each. After dumping one supplier and negotiating terms with the other, the partnership has saved itself almost 25 per cent.
Watson added: “Partner-ships are very different. What you find with some partnerships is that they might have six or seven offices which operate with an element of autonomy, and pulling them together is a new cultural phenomenon for them.”