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.
Lawyers in the Australian state of Victoria face a raft of regulations this month that will end the regulatory powers of their professional bodies and make them disclose likely fees before taking on work.
The measures, introduced by the state government, also scrap the distinction between barristers and solicitors, who will now be officially referred to as legal practitioners. It will no longer be compulsory for lawyers to belong to the Law Institute or the Bar Council, although they must join a recognised professional association under rules set down by the legislation.
Regulation of the profession has been handed over to three independent statutory authorities - the Legal Practice Board, the Legal Ombudsman and the Legal Professional Tribunal.
Duncan Walls, resident partner at Allens Arthur Robinson in London, welcomed the shake-up, although he said there had been a mixed reaction to the changes from the profession with many adopting a "paranoid" defensive attitude.
London-based Australian lawyer Michael Whalley, of Minter Ellison, said the move to reveal fees would make lawyers more focused about the task ahead of them and would be welcomed by clients.
He said national and international firms would have no trouble adapting to the new regime. "It is similar to the New South Wales requirements that have been in place for a few years," he said.