Categories:UK

Is the magic rubbing off?

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  • CC partner numbers

    "Nevertheless, David Childs says the firm is not undertaking a headcount review of the partnership."
    I just don't see how this can be right - law firms rely on associate leverage - if you assume a leverage ratio of 4:1 then 20 London partners will have to get the boot. Either that or CC partners are willing to bear a huge drop in profitability next year - i.e. another 30-40% after what you reporst will be a 30% drop this year. I don't believe they are willing to do that.

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  • Is the magic rubbing off

    Yet more lessons learned - even though Silver (as in Circle) might tarnish, magic isn't always what it seems/isn't real.....

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  • Is the magic rubbing off?

    What a super metaphor.

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