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.
Macfarlanes, considered one of the most conservative firms in the City, has revamped its career progression system with the introduction of a senior associate level for the first time.
The new level, which will be available to associates from around the six year-PQE stage, is intended to be for lawyers who may already have taken on some of the responsibilities associated with partnership.
Associates will begin to be promoted to the senior level from early next year, with partners nominating assistants for the role.
Banking group head Julian Howard, who will become managing partner in January, said the role is not intended as a “holding pen” for prospective partners, with associates not necessarily having to go through the senior stage to reach the partnership.
“It’s about acknowledging that a number of our top-level associates already take on roles beyond their usual practice,” explained Howard.
Howard added that associates already engaged in training, mentoring or business development will be among those promoted.
The firm, which has traditionally maintained one of the tightest partnerships in the City, has made up just three partners in the last two rounds of promotions.
Macfarlanes has recently made a number of moves to modernise its associate engagement agenda. Earlier this year it introduced an associates committee and is currently overhauling its training programme.