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.
The Singapore Law Society has given firms the formal go-ahead to accept equity in lieu of fees for the first time.
The move will be particularly relevant to those acting for dotcom start-ups. The practice has already been adopted in the UK by a range of firms including Simmons & Simmons and Pinsent Curtis.
It is understood that some Singapore firms have already taken an equity stake or stock options in lieu of fees from internet clients. But this is the first time the Singapore Law Society has approved the practice.
Not all firms will be taking up the opportunity. One Singapore-based lawyer at one of the largest domestic firms says: "Lawyers will be wary of taking equity until they are absolutely certain that conflicts of interest do not arise."
The move coincides with the Singapore authorities' attempts to open up the financial and professional services market by allowing foreign firms to form alliances with domestic practices (The Lawyer, 8 May).