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.
A growing divide is emerging in the Scottish legal market as more firms opt for consolidation as a means to expansion, with Pinsent Masons’ Scottish chair Kirk Murdoch advocating that internationalisation is the only route forward.
In an opinion piece today, Murdoch - who was formerly senior partner of McGrigors - writes that internationalisation is the only option for Scottish firms moving forward. He said for McGrigors, merging with Pinsent Masons (6 February 2012) was the right thing to do, enabling the firm to compete in Scotland as well as grow internationally.
“We believe that it is possible to be the Scottish market leader and be something more. In fact, it is impossible to achieve one without the other,” said Murdoch. He added that by remaining independent, firms “will find themselves increasingly excluded from the top table”.
However, not all agree with Murdoch’s view.
In another of this week’s opinion pieces, Burness Paull chair Philip Rodney said: “Just because a law firm has offices in multiple jurisdictions it does not mean that it will serve the needs of the clients in these markets.”
Rodney added that understanding the Scottish market was key to success there. Although he argued strongly in favour of the independent firm model, he conceded that there was no single answer to the conundrum for Scottish firms.
“No model is absolutely right or completely wrong,” said Rodney, concluding: ”I would never put down the approach followed by others. There are many structures and strategies that, if well-executed, will succeed.”
For more on the changing shape of the Scottish market, see this week’s special report, Stronger together.