The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.