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 is to get rid of its salaried partner rank following an extensive consultation at the firm.
The Lawyer revealed that the firm’s management had began consulting all 22 of its salaried partners last year, in a bid to simplify the partnership structure and save money (14 September 2009).
LG will be left with a two-tier partnership made up of equity and fixed share partners and will not appoint any new salaried partners. The majority of its salaried partners have converted to fixed share status, contributing capital to the firm, while LG will not have to pay national insurance on their behalf.
Sixteen salaried partners converted to fixed share status on 1 October 2009. A further two partners left the firm, while four partners will remain in the salaried role. A firm spokesperson declined to comment on whether they will be retiring or remaining at the firm in non-partner roles.