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.
Pinsent Masons has seconded 25 lawyers in areas affected by the downturn into busier practice groups and offices rather than making redundancies.
Meanwhile, revenue at the firm is up by 7 per cent on this time last year.
Managing partner David Ryan said: “We haven’t discussed making redundancies. Using resources flexibly is the key to that.”
He added that selected lawyers are moving abroad on a voluntary basis. “I’m very interested in using the resources of the firm flexibly. I’m interested in people being seconded to Dubai and Asia,” said Ryan. “The more junior the lawyer, the easier it is.”
While not ruling out redundancies entirely, Ryan added: “The challenge over the next few years is how well firms stick to the people agenda.”
Growth at Pinsents has been strongest in litigation and in the outsourcing, technology and commercial department, which both grew by 30 per cent in September. Last year international offices contributed 15 per cent to the total revenue.
Denton Wilde Sapte has also not yet made any redundancies and said it would look to relocate staff internally before doing so.
Chairman ;Howard Morris said: “I can’t believe any decent firm would look towards redundancies as a first choice.
“We believe we’re in the right market. Even if growth declines there will still be growth. But there is uncertainty in the market and no firm is immune.”
Like Pinsents, Dentons has a large energy and infrastructure practice and a significant emerging markets focus. International offices contributed 20 per cent to the firm’s revenue last year.