The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Law firms are banding together to bring legal directories to account in the wake of a survey claiming some clients do not rely on the guides to select law firms.
The Lawyer published results of a survey this month which found only 5 per cent of respondents from the in-house sector felt directories were "very important" when selecting law firms. Nearly half said they were "not important at all or not very important".
The figures came from a Wheeler Associates' survey of in-house lawyers, general counsel, company secretaries and finance directors at 500 of the UK's largest companies.
One legal analyst says: "Your article has had a huge impact...Someone was saying to me they have pulled all their entries."
Several firms have met to reach a decision on what to do about directories.
A magic circle firm spokesman says: "We had one meeting with other firms present and an editor of a directory. We expressed issues and concerns."
Michael Belford, head of business development at Lovell White Durrant, says: "We talk about it on an on-going basis. We are planning to look for value for money."
Another firm says: "If we got a press release from the magic circle saying they were all going to drop out of the directories others would soon follow suit."