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.
EMI's legal function is facing an overhaul as the company launches a worldwide restructure of its business at a time when it is the subject of a takeover approach from rival Warner Music.
EMI general counsel Chris Ancliff said the legal function would "play its part" in the restructure, at the same time as undergoing a thorough examination of how it operates.
"It may lead to a reassessment of what work we send out and what we keep in-house," Ancliff told The Lawyer. "It's all yet to be determined, but we need to see what makes sense for us to focus our efforts on, and what's cost-effective for us."
Ancliff said the review was not likely to bring the legal activities of EMI's regional business units under his direct control.
"They're at the coalface, drafting our agreements with artists, with third parties who use our music, and dealing with the IP issues," Ancliff said.
EMI received the latest takeover approach from Warner Music on Thursday 2 March, which was rejected by the board. The offer of £2.60 a share valued the company at some £2.1bn.