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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.
Here we were thinking that top company executives all went to Harrods to bulk up their wardrobes, when the chiefs at Poundworld came along and proved that as a false assumption. Instead they have turned to that leading brand of the high street: Costcutter.
The decision by Poundworld (not be confused with confusingly similar Poundland) to raid Costcutter for legal head David Dresser is an understandable one. The plan was to cut, well, costs. The company, it seems, decided it no longer needed to buy in costly legal advice and could trim a little off the monthly bills with a bit of thrifty in-housekeeping.
The likes of advisers DAC Beachcroft, Gordons and Kempner & Partners are still queing for the check-out when it comes to external advice and are likely to continue to win mandates, having had a relationship with Dresser while he was at Costcutter. Squire Sanders is also hoping to be in the money by winning employment instructions. But saving on outside fees is going to be the name of the game.
Yorkshire-founded Poundworld was once called “Everything’s a £1” before it rebranded. Dresser’s first task is to see whether this slogan works for external legal bills too.
Hot 100 2013 alert. The research for this year’s Hot 100 is under way. Now’s your chance to make a bid for any of your star lawyers, barristers or support staff. Let us know and we’ll do the rest. Email your suggestions to firstname.lastname@example.org.
Also on TheLawyer.com:
Dewey & LeBoeuf’s settlement with former partners has been approved by court, concluding a relatively swift process to iron out potential creases following the US firm’s collapse in May
The return of Russian litigation: Herbert Smith is brought in to advise VTB Capital, while Brick Court Chambers duo Mark Hapgood QC and Mark Howard QC will go head-to-head at the Supreme Court next month as the case involving the Russian bank hots up
Taylor Hampton wins NightJack blogger Richard Horton a payout from The Times, a Linklaters client
And, Howard Kennedy property litigation head Michele Freyne homes in on new squatting legislation