The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
With legal aid cuts biting into both the criminal and civil bar, training contract numbers down and law student numbers up, these are difficult times for those hoping to join the profession.
But this situation is not unusual and the law is composed of many people who have shown strength in the face of such challenges. Our Access profile of O’Melveny & Myers’ London managing partner Solomon Wifa shows that you don’t have to be a blue-blooded Russell Group-type to reach the top of the greasy pole. Arriving from Nigeria aged 17, Wifa completed a law degree at the University of Greenwich before combining long hours working as a concierge at a London hotel with paralegaling in every spare moment to earn a training contract with SJ Berwin.
A good work ethic is also self-evident in this issue’s Anatomy of a Deal in Business. The mammoth task undertaken by lawyers at CMS in just over three months on the €1.5bn flotation of German telecoms company Telefónica Deutschland is a master-class in getting things done. Something that the can-do Year 12 students in our Careers feature have in abundance.
If there is a beating dark heart to this issue it lies in our Careers feature looking at the future of the training contract recruitment model. Speaking to many in the graduate recruitment market, we found there is no magic formula behind the numbers firms take on - if X number of trainees were taken on last year then all things being equal X number will be taken on this year. While this may not be an issue for you now, it could become one when you qualify in four years’ time. That theme is hammered home in our Data page, which focuses on the numbers behind the trainee retention story.
But there is still hope - in Education we discuss the ever-popular non-law degree route to the top of the profession. And there’s more inspiration with the shortlist for this year’s The Lawyer Awards Ethical Initiative prize.
PS. If you’re wondering how to pay for university, check out our LLB Funding feature.