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.
Herbert Smith is suffering an exodus of associates as lawyers vote with their feet over low partnership prospects and rock-bottom morale in the dispute resolution department.
In the past year, 25 associates have resigned from the London contentious teams. Former associates said there was concern in the department about the lack of clarity in career progression and that morale was low. One said: "My confidence was getting sapped on a daily basis."
To tackle the problem, litigation head Sonya Leydecker has introduced eight 'people partners' to act as mentors. Each associate is assigned to one partner, who they can take issues and problems to.
The losses come from the two general commercial litigation teams and the insurance and arbitration groups.
Leydecker said new career development programmes were being introduced and denied that partnership prospects were low for current associates.
"The aim is to grow the size of the litigation practice and we always prefer to grow the practice internally," Leydecker said. "It's inevitable that not everyone can become a partner in a City firm."