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.
Lovells’ announcement today that it is to chop up to 94 jobs in London is particularly bad news for non-fee-earning staff. Only 18 lawyers out of the 94 are at risk, and they are likely to come from the corporate and real estate departments (see story).
Unusually, and unlike a number of other firms undergoing the same process, Lovells has stated which areas will not be affected. No prizes for guessing which: litigation, insolvency, IP and pensions.
This may be some canny news management on the firm’s part, but there’s an interesting backstory here too. It’s clear that Lovells’ investment in building a global intellectual property business is not only something which differentiates it from many of its peers, but that it is definitively counter-cyclical.
Look at Bird & Bird’s enormous growth over the past five years, which has been propelled largely by its IP brand. Ditto Field Fisher Waterhouse; it has made 42 redundancies in total, but none in its marquee IP practice.
And if you’re searching for some more rays of sunshine, then look at Mills & Reeve. As we reported on Monday, a number of its staff volunteered to work a four-day week to avoid job losses in their groups (see story).