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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.
Not enough in-house legal heads have seats on the boards of the companies they represent, despite the large budgets they control, according to a survey conducted by Eversheds.
The report, Law in Business, based on a poll of 104 heads of in-house legal departments, questions whether career expectations of lawyers are being met by industry.
One key finding shows that while more than half the respondents controlled budgets as large as £500,000, only 17 per cent have seats on the board.
Aleen Gulvanessian, the Eversheds partner in charge of the survey, said the situation for in-house lawyers was improving and pointed out that "five years ago the figure would have been a lot lower".
She claimed the calibre of in-house lawyers was improving rapidly and predicted that their influence would grow throughout companies.
"It will take time to filter through," she said, "but in-house lawyers will eventually appear in the boardroom."
Philip Brown, ex-managing partner of Wilde Sapte and consultant with management consultants Hodgart Temporal, said the UK would follow a trend set in the US, where in-house lawyers were perceived as important members of the executive team.
The survey also revealed that almost a quarter of the total of legal budgets is spent on external advisers and that the average size of in-house teams has risen to 13 lawyers.