The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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 corporate crime and advocacy departments at leading 45-partner Nottingham practice Freeth Cartwright Hunt Dickins are forming a breakaway firm.
Negotiations are in the final stages to create a new three-partner 10-lawyer firm, practising exclusively in corporate fraud, crime, advocacy and regulatory investigations and prosecutions.
The new firm, to launch in January, will be called Cartwright King and will employ 20 staff. The split is being led by head of corporate crime Michael Thurston and fellow partners Stephen Gelsthorpe and Mark Wilson.
Thurston says: "We think it represents the way the legal profession is going. The one-stop shop service is rapidly disappearing, if it hasn't already."
The move follows similar moves by local rivals Berryman & Co and Browne Jacobson, which have also ditched their criminal departments.
Richard Nelson, senior partner at rival Nottingham firm Nelsons, says: "It leaves us as the only major regional firm providing a full range of services across the board, regardless of the manner of funding."
Berryman & Co split with its criminal department at the end of October to concentrate on commercial and private client services. Managing partner Charles Harrington says: "With three criminal equity partners the economics were getting out of kilter."
Criminal partners fail to generate the same amount of fee income as their commercial colleagues. A source at one local firm says: "It is all a question of profitability and image."
Thurston says the split is totally amicable and the three partners will remain consultants to Freeth Cartwright.