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.
Simon Bromwich has been in his post at Ashurst for exactly a year. The City firm ousted its managing partner Justin Spendlove early last January following the failed merger attempt with Fried Frank Harris Shriver & Jacobson.
Spendlove stormed off to former beau Fried Frank and Bromwich came in on a mandate to cut costs and improve profits.
Bromwich has certainly delivered on the cost-cutting front. Ashurst runs a much tighter ship these days and partners have even been deprived of their free copies of the Evening Standard.
More importantly he cut underperforming partners, and the firm has made a concerted effort to get its leverage right across all its practice areas, resulting in a number of assistant cuts, which have quickly fed through to the bottom line.
Undoubtedly, there have been problems along the way, and the loss of top Paris rainmaker Thomas Forsbach was a heavy blow. But all in all, Ashurst looks like a much healthier ship than it did a year ago – and Bromwich must take much of the credit.