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.
Chadbourne & Parke has instituted a firm-wide hiring freeze for both legal and non-legal staff in an attempt to combat the economic downturn.
In a memo titled "How are we doing?" that was leaked to US legal market blog Above The Law, Chadbourne managing partner Charlie O'Neil confirmed the freeze on hiring.
He said those practice areas that had needs for additional legal personnel would now be met by temporarily shifting lawyers from less-busy areas, rather than hiring laterally.
O’Neil admitted Chadbourne faced "a challenging time” and said it was necessary for the firm to live within its means and watch expenses.
"We have taken a number of steps to better position us for the remainder of this year and next," O’Neil said. "We will be issuing new guidelines pertaining to controls over firm business expenses, including travel. We will also more closely monitor and limit certain other expenses which in a more robust economy might otherwise be acceptable.”
Other significant cost-saving measures include a decision to delay much of Chadbourne’s planned technology upgrade.
"We recognise the need to improve technology and certain of the more important upgrades will continue," said O’Neil. "Others, including the upgrade to new desktop computers and software, will be postponed. We will review this decision in 2009 as the economic picture becomes clearer. Should conditions improve we will begin the upgrade sometime in 2009; otherwise it will be delayed until 2010."