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.
UK firms continue to lag behind US lawyers in embracing the investment opportunities of high-tech start-ups.
Russell Hogg, an in-house lawyer from 3i,told the IBA conference that while US firms have surged ahead to specialise in servicing high-tech clients in acting as consultants as well as lawyers, there is a marked difference in the way UK lawyers handle opportunities.
Speaking from Amsterdam, Hogg says: "Law is only part of what [US] firms are doing. Some firms are way ahead, but one group - the Venture Law Group - is changing that. It won't take on a client if it doesn't think it will get a valuable return on its investment.
"[The UK] hasn't got over the regulatory problems. Maybe this is because of the size of the market, but I think it will open up."
However, Stephan Coonrod, a partner at Seattle-based Preston Gates & Ellis, says there are effective ways to prevent conflict problems.
He says the firm only ever takes a small stake in the start-up, does not engage in any management issues and sets up a limited liability company to house the stake.