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.
Fraud and crime set 2 Hare Court is preparing itself for a future merger with a law firm.
The set has appointed a chambers director as part of its financial restructuring plans, which it believes may be necessary for it to establish formal ties with a solicitors' firm.
The move comes in response to the Office of Fair Trading's report on competition in the professions, which proposed wide-ranging changes to the rules governing legal practice.
Tenant Craig Ferguson said: "We are preparing to be in a position so in five years we will be ready to form a partnership. We will be legally entitled to form more of a corporate business entity either by absorbing a solicitors' firm, by going into partnership with a firm, or by becoming the advocacy department of a large solicitors' firm."
There is greater fluidity at the bar, with more barristers moving sets, and sets merging. Tanfield Chambers and Francis Taylor Building merged last month to form a 65-tenant set, while Manchester's 9 and 28 St John Street entered talks to create a 91-strong set.
But this fluidity has resulted in a number of chambers closing. Cardinal Chambers, which had been operating for only two years, recently closed, and in May Mitre Court dissolved, resulting in 16 barristers moving to 5 King's Bench Walk.
And 4 Field Court reacted to a bout of departures by shedding 10 more barristers and rebranding as a niche commercial, intellectual property and shipping set, called Stone Chambers.