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.
Simmons & Simmons is looking to overhaul its remuneration system to encourage cross-border team work and cross-selling across jurisdictions.
The compensation assessment is part of a wholesale strategic review that began when Mark Dawkins took over as managing partner last autumn.
Dawkins told The Lawyer: "I want to look at whether the firm's remuneration structure is fully aligned with what the firm wants to do.
"This includes whether we're adequately rewarding cross-border team work."
Simmons already rewards its lawyers for cross-selling, but the aim of Dawkins' review is to see if a better system could be put in place. Simmons operates a modified lockstep plus merit.
Simmons has embarked on a root-and-branch examination of the firm, covering everything from practice groups to technology, with the stated aim of slashing overheads and changing its structure away from the traditional model.
As first reported by The Lawyer (24 April), Dawkins also wants to invest in technology to assist with the delivery of legal solutions at a hugely reduced cost.
At the start of Dawkins' tenure, the firm's global partnership voted to refocus along three lines: financial markets and institutions; energy utilities and infrastructure; and technology and life sciences.