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.
LG has entered into a redundancy consultation with 21 support staff, with the firm blaming “overcapacity” rather than wider market conditions.
Nine secretaries are being consulted in the real estate department, together with eight evening telephone receptionists and four other secretaries.
A spokesperson at the firm told The Lawyer that four of the secretaries would be absorbed in positions being held open outside of real estate.
It is understood that the redundancies are not directly related to wider market conditions. “The redundancies are due to a change in business practices over time, which have been managed elsewhere in the firm through natural turnover,” said the spokesperson.
Head of real estate Rabinder Chaggar (pictured) told The Lawyer: “There are no proposals to make any of the real estate fee-earners redundant.”
However, he said that the downturn means “there will be a more constant review of the business. We will have to be more competitive on pricing and partners will have to be more proactive.”
Real estate is an important part of LG, accounting for 27 per cent of last year's £18.23 turnover. Key clients include La Salle Investment Management, Legal & General, Sainsbury’s and Whitbread.