Howard Kennedy gambles on partnership revolution

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  • The West end market is a classic example of consolidation. I predict Howard Kennedy will merge within the year.

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  • @Still in pyjamas , I disagree. There are heaps of thriving firms in the West End. I know, because I'm at one of them! And we provide a more commercial service than many City firms without hoards of junior lawyers the client has to pay for!

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  • But you seem to think that wearing funny suits adds value to your services.

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  • Heaps of thriving firms?! Most of which have around three partners and a couple of dogsbodies. But then maybe HK's strategic rethink will see it perfectly positioned as a top tier theatre, music and boutique shopping practice ...?

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  • @Anonymous - you can be top quality (and relatively thriving) without having 100 partners in every practice group.
    There are plenty of decent firms that might not get the publicity they deserve...

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  • interesting that Dawsons don't think his role is worth replacing

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  • Heaps of thriving firms in the West End? I dare you to name them and tell us exactly why they are thriving???

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  • Indeed. Where are these thriving firms?

    Most firms are shrinking.

    Overall legal services is not a growth industry and it never will be.

    Anyone who knows how business works and has commercial sense, can see that legal services are going to be provided by computers and outsourced services in the future.

    High street services have almost been completely commoditised and mid-tier firms are next.

    When you have an industry where LPC graduates are willing to work for free, it's a sure sign of a sick market for legal services and it's going to get worse.

    Regardless I'm sure law graduates will continue to flock like lemmings.

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  • To Anon @ 9.04AM.
    I have to say all this talk of computers etc handling legal work is really missing out some key points. For example, a West End firm is just completing a property purchase for us. Yes the forms are all on computers, and yes software can help prompt lawyers to produce docs more accurately.
    But, what really is this West End firm doing, what am I paying for? Not for the documents - they're standard already. I'm paying for the service, for them dealing with the seller, with agents and so on. I'm paying a lower price than a City firm would charge too. And because I can go in and meet them if I wish, I feel better than it being handled by a conveyancing factory in Cardiff.
    So, as to the main question: are West End firms on the way out? I'd say no. Will they be making loads of money? No, probably not. But they still fill a vital niche that I can't see going away: good service/OK prices.

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  • This is a long overdue overhaul for HK. They really have been limited by their management structure.
    I hope the firm can move on from this.

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