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.
A growing number of law firms are considering forming limited liability partnerships (LLPs), according to a survey carried out by legal accountants Smith & Williamson.
The survey shows 37 per cent of firms across the country are considering ways of limiting partners' liability, of which almost 90 per cent say they will choose to form an LLP rather than incorporation or increasing professional indemnity. The figure represents a rise from two thirds of firms last year.
Smith & Williamson tax partner Colin Ives says: "Firms are taking a very positive interest and it's a substantial increase on last year."
In last week's Queen's Speech the Government announced a bill allowing LLPs, as predicted in The Lawyer (15 November).
City firms welcomed the bill. Allen & Overy partner Richard Turnor says: "I am very pleased. We have been campaigning for this bill for four years."