The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
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I read with amusement that lawyers are complaining about 50 per cent increases in their Solicitors' Indemnity Fund (SIF) premiums.
Aren't they lucky? I work from home in the intellectual property and competition law fields and have done so for more than three years.
I have never made a claim on the fund. My contributions for the forthcoming year will be 4.8 times the current premium (that is 480 per cent).
The SIF premium is my highest overhead (I have no wages or rent to pay). It would be deceptive to suggest that this increase is caused, in the main, by anything other than my increased turnover. Perhaps we should specify the indemnity portion of the hourly charging rate separately on bills to clients.