The pricing is right at Olswang
Olswang's hunt for more pricing specialists underscores one of the key market trends right now which is having an impact on most if not all of a firm's back office staff. Well, that term in itself ('back office') is becoming increasingly out-dated, as senior members of BD, finance and other core support teams take a leading role on client pitches.
Every firm is looking for that extra edge. Learning from other industries has never been UK Legal's strong suit, but at some firms - Olswang among them - it looks as if the message is finally filtering through.
Elsewhere in this edition of The Lawyer Management there is a word of warning for finance teams from Louis Baker at accountancy firm Crowe Clark Whitehill. Baker helpfully points out that HMRC has the tax treatment of 'salaried members' of LLPs and mixed partnerships ie those that are a mix of individuals and companies as partners, in its cross hairs. It is proposing new legislation from 6 April 2014 to clamp down on what it sees as abuse, some of it by law firms, and has launched a consultation. If you want to have your say, the time is now.
In addition, check out WorkShare's guide to managing metadata, IntApp's risk management briefing which offers a fresh approach to new business intake and Informance on how lawyers can view, analyse and interact with data and monitor their firm's financial performance more effectively.
Taylor Wessing is set to put nearly 100 London roles in redundancy consultation as part of a restructuring of its secretarial function.
Addleshaw Goddard is rolling out a new legal process-mapping initiative across more than 40 of its primary transactions in an attempt to provide cheaper and more efficient services to clients.
Mid-market firms fret about their image, while the elite focus on pricing
There’s more to Ashurst’s Scottish venture than a quest for the lowest cost
As many as 160 UK firms are facing financial difficulties according to the Solicitors Regulation Authority (SRA), with eight judged as being at an “immediate risk” of collapse.
ABS News and Analysis
Co-operative Legal Services (CLS) has unveiled its first-ever advertising campaign, directed by qualified barrister Jamie Rafn.
Insurance business BGL Group, the owners of insurance website comparethemarket.com, has acquired volume personal injury firm Minster Law.
The Legal Services Act (LSA) is making traditional firms more innovative with 25 per cent planning on changing their strategy as a direct result of the legislation, a survery by advisory firm Baker Tilly has claimed.
Bath-headquartered Thrings has named company commercial head Simon Holdsworth as its new managing partner succeeding Thomas Sheppard.
Irwin Mitchell’s legal practice is closing in on the £200m revenue mark, with the firm’s commercial business generating revenues of £40m over the last financial year.
Osborne Clarke has seen turnover increase by 14 per cent over the last financial year from £98m to £112m.
SJ Berwin has reported a 2.5 per cent rise in revenue for the latest financial year against an anticipated drop in average profit per equity partner (PEP) of roughly 10 per cent.
-- Pinsent Masons has broken through the £300m barrier to post a five per cent increase in turnover from £295m to £309m, a year after its merger with McGrigors.
Nabarro’s turnover increased by 2.6 per cent to £116.3m in 2012-13, with the firm predicting that its PEP will soar by 30 per cent based on preliminary figures.
Revenue at Iberian firm Garrigues’ London office shot up by 32 per cent in the 2011/12 financial year, the firm’s LLP accounts have shown.
Al Giles managing director of Axiom for EMEA and Asia.
Marco D’Angelo, marketing and business development director
Stuart Whittle, director of operations
Scott Burns, managing partner
Tim Gerrard, chief executive
Michael Oberwarth, legal information manager
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On 13 June 2013, the US Supreme Court ruled that certain patent claims owned by US biotech company Myriad Genetics are invalid as products of nature.
London property prices breaking new ground subscription
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As of 6 April 2013, the Companies Act 2006 (Amendment of Part 25) Regulations 2013 have been in force.
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The Financial Collateral Arrangements (No.2) Regulations introduced a new means for a security holder to enforce its security in respect of financial collateral.