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.
Frankly it must come as a breath of fresh air after the seriously bumpy ride the Co-op endured last year. It identified a £1.5bn capital hole in the summer, then fought tooth and nail to hold onto its banking branch. Ultimately it ended up in the majority control of a bunch of US hedge funds.
Not only did the shift turn out to be a well-publicised PR nightmare, it also no doubt caused more than its fair share of headaches for the group’s legal chief, relative newbie Alistair Asher.
He and the Co-op bank’s new general counsel Brona McKeown have effectively been picking teams, sorting through the Co-op’s legal offering to figure out who works for whom. The final divide is a 60/40 split in favour of the group versus the bank, although the pair will now be doing some hiring to fill the gaps.
We’re sure they’ll be hoping for a quieter 2014, although with discussions just kicking off concerning the shape of future legal panels, it looks as if there’s plenty of wrangling still do be done at the Co-op.