Categories:Africa

Eversheds wins battle to trade under own name in South Africa

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  • "...under the global law firm’s name..."? Global? Seriously?

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  • Sorry to be pedantic, but Eversheds doesn't even describe itself as a 'global firm'. It calls itself:
    'a progressive international firm' - which sounds a bit Nick Clegg-ish, but basically means most of its foreign offices operate through a branded alliance system (Eversheds International). It's a referral club with an umbrella brand.

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  • @global spin - Eversheds is both larger and more profitable than Norton Rose, Simmons & Simmons, Berwin Leighton Paisner or SJ Berwin.

    It suffers from a reputation that is way below the reality. Is it truly global? Not yet. But it is way more than a referral club.

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  • @Anon 4.31pm.
    Eversheds may have PEP that is higher than Norton Rose etc. However, Eversheds also has (according to data on this website):
    1898 total fee earners,
    but only 136 equity partners -
    Unless my maths is very wrong, doesn't that give an equity partner to fee earner ratio of around 1:13. No wonder PEP is high.

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  • Eversheds = Tesco
    Eversheds = Sub Way
    Eversheds = Starbucks

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  • @ Anon | 23-Feb-2011 4:31 pm
    In prestige terms, Eversheds is in the 5th division and going nowhere fast. Whilst the firms you list may have had PEP blips recently, I would be surprised if they were not ahead again pretty soon. Besides isn't Eversheds' current PEP a result (at least partly) of savage cuts to the associate and support stagg ranks and mean pay offs?

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  • Anonymous | 23-Feb-2011 6:44 pm

    Eversheds = Tesco
    Eversheds = Sub Way
    Eversheds = Starbucks

    -----------------------------------

    Considering that Tesco, Subway and Starbucks are all huge and hugely profitable I would say that is very encouraging for Eversheds.
    I would far rather own Tesco than Fortnum & Mason.

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  • Quite right. Does anyone believe that Ernst & Young, PWC, KPMG, D&T, etc. are local firm names? Why can't lawyers do what is already being done succesfully in other professional sectors?

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