The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Osborne Clarke lawyers set up IP/IT firm" />A new three-partner IP/IT boutique called iLaw Legal Services is being launched in September by lawyers from Osborne Clarke and DMH Stallard.
The launch of iLaw follows the launch of IP/IT boutiques such as m-Law, New Media Law and Technology Law Alliance in recent years. The rise of the boutiques has been based on the premise that they will undercut the hourly rates of City firms.
iLaw partner Bobby Gill said: "Clients are willing to pay £400-£600 an hour for a partner on corporate and banking transactions, but they often cannot justify paying those rates for IP and IT work, so we're going in at half that rate.
"This is the way the market's going. Commercial budgets are going to be cut."
Osborne Clarke has lost two lawyers to iLaw - IT outsourcing head Gill and IP litigator Mark Culbert - who will form the boutique with Justin Ellis, a non-contentious IP partner at DMH Stallard.
Culbert and Ellis both began their careers at Clifford Chance, where they first discussed the idea of setting up their own law firm.
"We had it in the backs of our minds but we were waiting for more client contacts," said Ellis. "About a year ago we felt the time was right."
iLaw will be based in Soho and will target both blue-chip and smaller technology clients. iLaw is set up as a limited company rather than as a traditional law firm.
The firm's plan is to double in size every two years, and the partners said they could float the company within five to 10 years to support the expansion.