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 sole practice of former Eversheds partner Jocelyn Taylor has become the first public casualty of the massive hikes in Solicitors Indemnity Fund (SIF) contributions.
Taylor, who left Eversheds to work part-time from home three years ago, says her SIF contribution has rocketed from £1,600 last year to £9,110 for the year ahead, and her construction practice is no longer viable on her average fee income of £30,000.
"I have written to my clients saying that I am closing my practice. I have no other choice," she said.
She applied to the Law Society for a waiver on her SIF fees but it was refused. An official told Taylor that granting a waiver could "open the floodgates" to other claims.
SIF head of practice John Stoneley said what Taylor described as an unusually lucrative case saw her income increase three and a half times in the last year, adding to the contribution increase. Taylor , who went solo so that she could spend more time with her young daughter, says women in her position are being unfairly punished by the contribution policy.
"I have this feeling that the effect of this rule is going to be sexually discriminating," she said. "I think quite a lot of woman do what I do and move away from working in a large practice."