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.
Scottish firm Maclay Murray & Spens has confirmed the loss of 28 jobs following a redundancy consultation that began in June.
The staff affected are both legal and support staff and based in the firm’s Edinburgh, Glasgow and London offices. Maclays originally said the roles were across a range of practice areas, particularly property and corporate (5 June 2013).
The consultation followed another round of redundancies last year (20 July 2012).
“While we regret having to take these steps, they are necessary for the implementation of the firm’s future growth strategy,” a spokesperson said.
Earlier this year Maclays announced a turnover drop of 12.7 per cent (12 August 2013) from £46.9m to £40.9m for the 2012/13 year. Average profit per equity partner, meanwhile, dropped by almost 22 per cent, from £270,000 in 2011/12 to £211,000 last year.