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.
Question: Does the fact that there are generally fewer fag packets lying around in the UK these days mean that firms will need a bigger piece of paper to forward-plan their trainee numbers?
This week’s in depth analysis of the trainee intake model suggests that firms’ continuing inability to accurately predict demand, and the consequent stab-in-the-dark hiring schedule of trainees, is costing them a fortune.
Indeed, today’s story that Allen & Overy saw more money than any other top 20 UK firm that it had invested in its trainees walk out the door underlines the argument.
As our main feature suggests, while the path from trainee to partner has never been an easy one, these days that route has been all but obliterated. And it’s not just the trainees that are feeling that pain.