The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Macfarlanes is reviewing the performance of its lawyers amid difficult conditions for its core corporate and real estate practices.
Macfarlanes ;is reviewing the performance of its lawyers amid difficult conditions for its core corporate and real estate practices.
The firm holds performance appraisals every March and September, but managing partner Simon Martin admitted that the crisis in the markets had affected the current review.
He said: “When there’s less work there’s less scope to say [to associates], ‘We hope there’s an opportunity to move up to the next stage’. One or two will have received messages they found not particularly palatable.”
It is understood that up to 10 members of staff could leave the firm, having been ;told ;they ;were unlikely to make partner, although Martin denied that this was part of a redundancy drive.
“We can’t ignore what’s happening in the markets, but we have to take a longer term view,” he said. “We don’t act in the way that investment banks do – the hire and fire culture.”