The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Within a year of Karen Fortunato taking the helm as Abbey’s legal chief the bank hit the headlines after it became the subject of an £8.75bn takeover bid by Spain’s Banco Santander.
Despite the bid it was business as usual for Fortunato as she continued to pursue a radical overhaul of Abbey’s legal function. As first reported by The Lawyer (13 September), Abbey set out to tackle both its external advisers and its in-house legal team.
The move followed a restructure of Abbey’s legal function at the beginning of 2004, which resulted in a staff reduction from 90 to 50. The restructure was to create a legal department with more senior lawyers and to align it more with Abbey’s business model.
With the takeover now complete, all eyes will be on Abbey’s in-house lawyers to see what impact the Santander deal will have on Fortunato and her legal team. Whatever the outcome, Fortunato is bound to land on her feet.