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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.
Julia Berris in New York and Steve Hoare in London
White & Case implements McKinsey strategy" />White & Case is set to overhaul its management team as part of a worldwide strategic review following recommendations from management consultants McKinsey & Company.
The US firm is in the process of selecting heads for ;newly ;established regional divisions and practice groups. The aim is to promote greater global unity within practice areas rather than seeing offices operate as independent fiefdoms.
The new management will operate as a matrix with, for example, three regional chiefs in Europe (Central and Eastern Europe, Germany and Western Europe) working in tandem with global practice area bosses.
“The ;firm ;wants ;to become more profitable and driving growth on a practice group basis rather than by office may well help it to do that,” said a source.
McKinsey also recommended scaling back the partnership in unprofitable practices, but it is understood that the firm does not currently have the stomach for such radical change.
Last week White & Case axed its Milan office and pulled out of Italy, but this was not part of the McKinsey recommendations.
Earlier this year (28 July) The Lawyer revealed that McKinsey had been drafted in to perform a review of White & Case’s market opportunities and investment priorities. This came after firm chairman Hugh Verrier came under fire for not giving the London office representation on the new global executive committee.