The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
The Civil Justice Council (CJC) is moving a step closer to regulating third-party litigation funding.
The CJC will hold a meeting in February to discuss what form regulation of the burgeoning industry should take, as first revealed on www. thelawyer. com (19 December 2007).
CJC secretary Robert Musgrove told The Lawyer: "There has to be a minimum standard. What we'll be discussing is whether there should be regulation with a capital 'R', or whether it's a question of developing a voluntary code of conduct."
A cross-section of funders, lawyers, Government representatives, academics and judges will discuss what should be regulated and how heavily.
The CJC will present the findings of its meeting to the Government. "But of course what we present is dependent on how much consensus there will be," warned Musgrove. He said that Master of the Rolls Sir Anthony Clarke has backed the CJC's move.
Market insiders have predicted that some form of regulation might be necessary, as first reported by The Lawyer (10 December 2007).
The CJC published a report last summer that welcomed funding as long as it was regulated properly . Concerns include the compulsory disclosure of funding details and reinforcing lawyers' independence from funders.