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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.
A year after the Law Society clarified its position on confidentiality waivers, City firms are still debating whether or not to use them in their standard terms of business (STBs).
Since last year firms have been able to include a clause in their STBs that allows them to advise a client despite possessing confidential information about a rival, as long as sufficient information barriers are in place.
Linklaters' general counsel Raymond Cohen said: "Where these guidelines are useful is if we've advised one client on an old matter and then that client ends up opposite us on a new matter. We wouldn't be able to approach them about the new matter because it would be confidential, so the waiver covers that situation."
Linklaters, together with Allen & Overy, Clifford Chance, Freshfields, Herbert Smith and Slaughters, lobbied the City of London Law Society last year to push for more guidance.
There has not been universal uptake of the waiver clause. Firms such as Berwin Leighton Paisner and Macfarlanes have taken a more conservative approach, and do not include it.
Even for those firms using waivers, they are seen as a safety net rather than a foolproof protection. Travers' pensions partner Peter Esam said: "As a general provision, they're just protection against tripping up.
"The commercial reality is that you don't want to upset any client and you would discuss potential issues."