The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Slimmer pickings for firms on public sector rosters
Transport for London’s (TfL) decision to cut its legal panel from 12 firms to 11 has almost as much to do with firms’ choices as TfL’s strategy. Travers Smith, one of four firms to leave the panel, elected not to tender for a place after not receiving one iota of work from the client in five years.
Bird & Bird, Clifford Chance and Manches did apply for reappointment but were not chosen, although Clifford Chance will continue to carry out specialist finance and capital markets work for the local government body. Manches’ exit follows the departure of projects partner Giles Clifford, an adviser to TfL, to panel firm Wragge & Co earlier this year.
TfL director of legal Andrea Clarke, who led the review alongside general counsel Howard Carter, said the body needed to “manage costs ever more cautiously”, which presumably was not a hint that it would continue the policy of not handing any work to a given panel firm.
But after other big public sector organisations such as the Metropolitan Police slimmed down their panels, with Bircham Dyson Bell, Burges Salmon and Eversheds among those to leave the Met’s roster earlier this year, things are not looking great for public sector specialists.