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.
Cable & Wireless is downsizing its in-house legal team despite the improving fortunes at the FTSE 100 telecoms company.
As part of the move Cable & Wireless has launched a compulsory redundancy programme that will affect up to 30 per cent of the company’s UK-based lawyers. It is understood that the telecoms giant has approximately 40 lawyers based in the UK.
The redundancies, which are understood to be principally affecting senior lawyers, are part of a radical overhaul of Cable & Wireless’s in-house legal function. It is expected that additional junior staff will replace some of those leaving the department.
A well-placed source said the redundancies are necessary because of the ongoing challenges faced by a business that has in the past regularly issued profits warnings.
The dramatic cull follows a restructuring of Cable & Wireless’s nine-strong legal team based in mainland Europe, which resulted in three voluntary redundancies in 2003.
Last year also saw the departure of Cable & Wireless global head of legal Dan Fitz, who left the company following a management shake-up. Fitz was replaced by Reuters deputy general counsel Andrew Garard last July.
In a separate move, Cable & Wireless’s exit from the US resulted in a number of lawyers moving with the assets that were bought by Savvis Communications Corporation in March. Cable & Wireless now has just one lawyer based in the US.