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.
City's top litigation practice in secret plan to hire leading commercial silk and six junior barristers
Herbert Smith is set to throw down the gauntlet to the bar with the launch of its own set of chambers - with the hire of a top QC and up to six junior barristers - to decrease its reliance on the junior bar. The firm intends to use the chambers to provide a more seamless service to clients who need a barrister's advice, but do not want to use outside counsel. Herbert Smith head of litigation David Gold told The Lawyer: "As a firm, we're committed to increasing our advocacy profile. We're looking at all options as to how to do this, but haven't yet committed to a course of action." Herbert Smith does not intend to stop using any of the barristers or chambers it currently has relationships with, but would hope to use its own barristers, including the top QC it wants to attract, on everything up to and including its biggest cases. One source at the firm stressed that partners will always choose the best barrister for a case, without being pressured to use internal counsel. "We could have a situation where a top QC like Jonathan Sumption is leading a couple of our own juniors. However, we'd like it if clients wanted to use our QC," the source said. The firm is believed to be planning to tempt clients into using its own barristers with the promise of lower hourly rates than it currently charges for its solicitor-advocates. A source at a rival City firm said: "This is the ideal way of getting around that problem. Everyone has been talking about this idea for years, but if there's one firm that can pull it off, it will be Herbert Smith." It is understood that the chambers will be based at Herbert Smith's existing conference facility in 5 Bell Yard, but that the barristers will be encouraged to work out of the firm's main Broadgate offices as much as possible. Gold said that the plan is still at an early stage.