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.
White & Case to vote on three-tier management" />White & Case is expected to introduce a three-tier management structure as the firm finalises the radical overhaul of its global governance system.
It is understood that the New York-headquartered firm's partners favour retaining a full-time managing partner-style role.
But the existing eight-member management board, which is made up of fee-earning lawyers, would be replaced with a two to four-member full-time executive board, to be overseen by the managing partner.
A further management-type committee of fee-earning partners would then be introduced to sit under the executive board to assist with the implementation of strategic decisions.
A White & Case partner said the proposal was aimed at "running the firm in a more corporate fashion, with more time dedicated to management".
As first reported by The Lawyer (20 March 2006), the firm has been debating the governance overhaul and identifying a successor to managing partner Duane Wall for almost a year. Wall, who has held the role of full-time managing partner since 1 April 2000, will stand down in March 2008.
Wall has been clear from the outset that the new structure will "involve more than one person in full-time management", while creating greater practice group links between its international offices.
White & Case's four-member governance committee is taking final soundings on the details of the proposal following a debate at the firm's partner retreat in Prague in January.
The management board is expected to make a decision next month, with Wall to detail the final proposal to the partnership before a vote in late March or early April. Approval from 85 per cent of the equity partnership is required.