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.
The majority of managing partners think firms will float on a stock market when external investment is allowed, but that none will admit to an interest.
A survey by Vantis in association with the Managing Partners’ Forum (MPF) revealed that 88 per cent of managing partners and senior partners think firms will take advantage of the new opportunities for external investment when the Legal Services Board begins to issue licences in October 2011.
But when asked directly, none said that their firms were considering floating.
Sir Nigel Knowles, MPF chair and joint CEO at DLA Piper, said: “The core message from our members seems to be ’watch and wait’ - everyone’s sure that other law firms will bring in external equity and/or list on a stock exchange, but maintain that it’s not for them.