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.
General counsel Iain Larkins said: “We now have a very tight [billing] process. When a new job comes along we agree a fee, it’s all documented and we review on a monthly basis, or earlier. There’s a whole budget amendment process which advisers must justify.”
Larkins said pricing was not the sole factor for the appointments. “We decided Nabarro and Wragges would be more likely to deliver on the pitch,” he said. “They’re both stable firms that have grown organically.”
Mercedes Benz put costs at the heart of its recent panel review, with the firms winning a place on the roster expected to justify their expenses on a regular basis.
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