The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
JMW has parted company with eight of its 12 secretaries in its personal injury (PI) department, citing challenges caused by the Jackson reforms as a reason for the cuts.
The firm confirmed the redundancies, adding that one PI secretary was moved to the family department while three others were retained.
“In order to continue offering a service to personal injury clients, we have had to reduce the cost of carrying out the work,” managing partner Joy Kingsley told The Lawyer. “We invested in a new case management system Proclaim last year which has enabled us to make necessary savings.”
“The eight redundancies were handled in a sympathetic manner and of course we regret that the challenges forced upon us by the government have led to a small number ofvalued staff losing secretarial positions. We are confident that all those affected will find alternative employment.”
The Jackson reforms have sought to help control costs in PI by removing recoverability for winning parties in cases run on a conditional fee basis. Without being able to recover costs from the losing side profitability in these cases is falling prompting many claimant firms to look for new avenues of revenue (25 January 2010).
JMW recently posted its year-end results for 2012/13 (28 May 2013), revealing a 13 per cent increase in revenue thanks to a significant boost in online instructions. The firm did not disclose a profit figure, but said that profitability had grown 25 per cent over the same period.