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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.
Sainsbury’s general counsel Nick Grant has challenged the firms on his legal panel to compete against each other in a Dragons’ Den-style contest.
The event, dubbed ‘Directors’ Den’, saw the panel firms introduce their other clients to Grant so they could pitch a new product or service with the ultimate aim of seeing it sold on the supermarket’s shelves.
Later this week a successful shortlist of five companies will go before a group of Sainsbury’s directors, who will choose one winner.
In total, Sainsbury’s reviewed 16 pitches, which Grant said varied massively.
“Given a challenge it’s interesting to see how firms interpret it - they run it through their own culture and own client base, and the manifestation is pretty different,” he added.
Ideas included a fizzy drink called Carbonaid, which would put a portion of profits into carbon reduction schemes, a business selling designer chairs, an IT company and an entrepreneurial school.
Grant said that the Directors’ Den initiative, which he intends to run annually, is more than just a distraction from the serious business of solving legal issues.
“[The question is] how does our legal community add to Sainsbury’s?” he said. “Community is about the flow of ideas, not just me sucking value out of a firm then dispensing with it. Firms will hopefully be proud of [having referred] clients in these hard times.”
Grant’s panel is made up of 11 firms including Addleshaw Goddard, CMS Cameron McKenna, Denton Wilde Sapte and Linklaters.