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.
Remember Lovells' lockstep review? Remember how it dragged on and on? Remember how at the end of it all senior partner John Young said: "I've undertaken to partners that we will not be opening this debate up again in the future."?
Well, lo and behold, it seems that Lovells has only gone and opened up the debate again.
The firm is currently looking at its equity ladder to come up with a way of letting partners in economically weaker jurisdictions get on the first rung.
The idea is that the firm will introduce a lower ladder for specific people it believes are missing out on partnership due to their offices' low revenue shares.
Exact details are still being thrashed out, but it is likely that the new lockstep will have an entry level of 24 points, which is what it was before the original revamp.