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.
Anything DLA Piper or Olswang can do, Field Fisher Waterhouse (FFW) can do at least as well.
That’s the gist of the London firm’s streamlining of its equity structure. Field Fisher has now ditched its former structure of three classes of partner - full equity, fixed share and salaried - in favour of a distinctly zeitgeisty two.
Earlier this year DLA Piper moved to an all-equity structure outside the US, while Olswang made a similar move last year by removing the distinction between its two classes of partner.
That deal would create a new top 20 outfit with a combined turnover of roughly £200m. Plus, thanks to FFW’s new partnership structure, a heck of a lot more cash sloshing around.
Also on TheLawyer.com:
Earlier this year, Eversheds announced that its priority for the next three years was to create a unified standard among its international offices. One way it’s going to get that done is by seconding some of its top UK partners abroad