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.
Deutsche Bank and Morgan Stanley have been the first banks to trial the portal, which is a means of sharing law firms' client publications over the internet.
"Certainly we hope it will develop to give us access to a larger range of facilities, such as the law firms' precedents and templates, transaction bibles and maybe even access to deal rooms," said Deutsche Bank in-house lawyer Greg Bracken. "At some point we will certainly look at e-billing."
Deutsche Bank enlisted senior lawyers at ABN Amro, Barclays Capital, Credit Suisse First Boston, Goldman Sachs International, HSBC, JPMorgan, Morgan Stanley and UBS Investment Bank to form the Banking Legal Technology Group. Bracken said: "We chose five law firms. We decided to limit the numbers initially because it's difficult to come to an agreement with too many parties. They're taken from the major law firms we use and Simmons & Simmons because we felt that they have a technological bent as a result of Elexica."
Bracken said that he expects to enlist the larger US law firms and other firms from around the globe, although sources at the law firms funding the project said they may not be so keen.