The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Richard Hastings, group legal counsel at Interoute Telecommunications (UK)
Richard Hastings left Hammond Suddards, where he was an IT/IP assistant, to take up his role as group legal counsel at European telecommunications company Interoute.
Hastings made the move because he sought a more commercial role within his area of expertise.
He says: "I love my job. My life here is 100 per cent better. I'm part of something that is growing. It's not about hourly rates - Interoute is going to be a successful business. I get to determine my role and my work, and make decisions that affect the whole company. I'm on the executive board."
But he concedes that it can take a while to adjust to extra in-house responsibilities. "It's my job to ask, 'Is that the right value for an agreement?' But if you're entering into a management agreement with surveyors, for instance, in private practice, the price would have been checked by someone else. Here you can't assume someone else has done that. You don't get the back-up support. A lot of private practice lawyers must be shocked by the responsibility," he says.
He also says that one of the reasons in-house lawyers have more responsibility is that there are fewer resources. But he adds that he generally likes his new environment because "you roll your sleeves up a lot more".