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.
Peter Cornell's decision to stand down as Clifford Chance managing partner has kicked off fevered speculation within the global firm.
Cornell's successor is widely expected to be chief operating officer (COO) and former global head of corporate David Childs. He has masterminded a £40m cost-cutting programme, which is set to boost profit per plateau partner from £710,000 to £850,000.
However, while partners are asking who will take over the COO role, senior sources indicate that it may be brought back into the managing partner's remit.
Speculation also surrounds Paris managing partner Yves Wehrli, who is regarded as the key contender outside London. He declined to comment on his plans, but said: "If a law firm were to have a managing partner from outside the centre, it would be Clifford Chance."
Cliff McAuley, who led the lockstep review group, is also thought to be interested in an enhanced management role.