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Take a look at the most-read stories on TheLawyer.com this week and share your views
There were celebrations all round this week as The Lawyer held it’s annual awards ceremony, in association with Travelers. RPC and No 5 Chambers were the big winners of the night, picking up gongs for Law Firm of the Year and Chambers of the Year.
Meanwhile Jones Day was named International Firm of the Year at the ceremony at London’s Grosvenor House Hotel, attended by over 1,400 lawyers and hosted by ‘national treasure’ Joanna Lumley. For all the details on the winners and runners up check out the Book of the Night.
In other news, the buzzword of the week has been disaggregation and collaboration. Barclays and Royal Bank otf Scotland have both told panel firms that they must work together to maintain panel places, yet this is a trend that is still to catch on across all in house teams.
Readers of TheLawyer.com remain sceptical about sharing clients. One reader questioned, “How will this be done? For example who does what, when, where and how are shared timelines achieved? How is work handed between firms, what systems are used and how is quality, oversight, costs & billing managed?”
Another commented, “This approach screams inefficiencies, duplication, conflicts and interface issues. Some GCs have really forgotten how lawyering works - when you actually do the work.”
While many in-house lawyers are still reluctant to buy into the trumpeted disaggregated legal services that are on offer, firm managers believe the tide is turning.
“What comes to mind is the appetite for corporate clients to segment the work they’re doing, their willingness to work with multiple providers, internationally or domestically. Once that mentality has settled in, that allows us to play to our strengths. They don’t have to buy a single wrapper and that has powered our international practice since the downturn.”
Click on the links below to access The Lawyer Top 10 stories for the last seven days. Your views are always welcome.