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.
The news that Linklaters was taking a long hard look at its partnership set off endless speculation over which other firms might be doing the same.
The only firms that are safe from conjecture are those that are known to be doing it anyway. And so it is with SNR Denton.
Following legacy firm Denton Wilde Sapte’s merger with Sonnenschein Nath & Rosenthal, the combined firm has been whipping its EMEA business into shape. The latest news to come out of the firm is that a team of three partners and six associates is leaving its Paris office and is in talks with US firm Hughes Hubbard & Reed (see story).
The news comes after The Lawyerreported in July that US-based bankruptcy chair Fruman Jacobson had been parachuted in to strengthen the Paris office.
Matthew Jones, chief executive officer of SNR Denton, was keen to stress that the firm’s strategic review did not just mean contraction - it also meant growth (good luck by the way, in finding it in this market).
He also stressed that the end of the interim strategy review would not mean an end to the firm taking a hard line with underperformers in its pursuit of profitability and constantly managing its partnership.
This is a familiar spin from firms at the moment. That said, to hear it from SNR Denton sounds a lot more poignant. If there’s one firm that knows what happens when you take you eye off the ball in terms of profit…