The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Regulation of City law firms should be reformed, a report commissioned by the Law Society will conclude today (5 October).
The Law Society asked Lord David Hunt, shadow minister for business, enterprise and regulation, to examine how the regulatory structure should be shaped for 21st century firms.
After spending a year on the review, Hunt is expected to come down in favour of the Smedley report, which was also commissioned by the Law Society and argued that current regulatory functions “are not robust enough” (The Lawyer, 26 March).
Former Ministry of Justice civil servant Smedley warned that current regulatory arrangements are not fit for purpose.
It is believed Hunt will favour some form of self-regulation for firms with corporate clients, a move that is likely to anger the Solicitors Regulation Authority (SRA). However, Hunt’s conclusions will please the City of London Law Society (CLLS), which has lobbied hard for separate regulation of City firms.