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.
However, it is understood that the likes of Ashurst Morris Crisp, Cameron McKenna, Lovells and Norton Rose have been conflicted out of pitching because, under the terms of the procurement rules, firms that have advised a counterparty in connection with the London Underground Public-Private Partnership (PPP) have been excluded from the panel review.
London Underground solicitor Sarah Atkins, who is leading the panel review, told The Lawyer that the completion of the London Under-ground PPP in April provided a good opportunity to review the company's relationship with Freshfields, which adv-ised on the five-year project.
Atkins said that although LUL is happy with Freshfields' work on the London Underground PPP, the commercial arrangements put in place with the magic circle firm at the start of the project had run their course.
However, sources close to the process believe that it is being driven by LUL's imminent change of ownership.
As part of the review, LUL is planning to establish a two-tier panel comprising two key advisers to provide services in all areas, and another two to four firms that specialise in commercial and construction contracts, property, rail, litigation, intellectual property, competition, finance and tax.
LUL's reorganisation will require the company's legal function to split into two, resulting in 48 out of the 85 staff moving over to TfL. They will, in due course, become employees of Ken Livingstone's department.