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.
White & Case is set to crack down on partner performance by stepping up its emphasis on partners hitting billable hours targets.
Management at the US firm has approved a network-wide policy to bring the firm in line with competitors by increasing the number of billable hours partners put in.
The firm has previously had a billable hours target for partners, but this decision is a move to emphasise the requirement to hit this goal in response to market conditions and a drop in partner performance.
The firm would not comment on the number of hours partners are expected to bill per year, but it is understood that the move is to draw to partners’ attention the need to clock up the required number.
London executive partner Oliver Brettle said: “It’s clear that all firms will be looking at the performance of their partners. Obviously an important factor is client chargeable hours, but of course you also need to look at the partners’ ability to win business and the profitability of that business.
“It’s an important point to make that we’ve got to have productive partners. If you’re busy on client work then you’re seen in the market.”
White & Case posted a 4 per cent rise in turnover for 2011, with global profit per equity partner dropping by 5 per cent (1 March 2012).