The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Multidisciplinary partnerships (MDPs) have been given the green light by the Law Society - but it could be years before they are introduced.
A Law Society spokesman says: "There's a lot of complicated issues that need to be worked through. It's not a simple little thing that will be done and dusted in a couple of months."
He says legislation would be required before MDPs can be introduced and since "legislative opportunities are in the gift of the Government, it could take years".
The Solicitors Act, for example, would have to be amended to enable the Law Society to enter an MDP office where a solicitor is suspected of dishonesty - current rules would allow non-solicitor partners to bar entry.
Another stumbling block is that research by the Law Society's MDP working party failed to throw up any "ready-made system" in other jurisdictions which could be adopted here.
A working party report says: "The issues facing the legal profession in the UK are unique: legal advice is not generally reserved to qualified lawyers and the Law Society's own regulatory powers are statute-based and therefore inflexible."
The Law Society's move brings the UK into line with Australia and Canada. The American Bar Association has deferred a decision.