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.
Hammonds is to radically reform the way it handles resignations and notice periods of departing partners once the firm's 14-month lock-in ends in June.
The firm is considering a range of measures that will help to cut down on the number of departures in any one year.
Hammonds' options include extending its current six-month notice period to a full year; setting an upper limit on the number of partners who can leave within a year; and even restricting the days on which partners can resign.
Any changes would need the support of the Hammonds partnership, which last week (21 April) voted in support of a strategic review that will see the firm move towards a performance-based remuneration system. The firm is also replacing the role of senior partner with a non-executive chair.
Managing partner Peter Crossley declined to comment on the current discussions, but did say: "I am sure you'll accept that it would not be appropriate for me to discuss the terms and conditions of any employee or partner contracts, as any such details are naturally strictly confidential."