This year’s UK 200: Business Services report, which analyses headcount-related trends across the UK legal market, focused in particular on technology. As part of this report we conducted additional research into firms’ approach to investing in technology.
The UK legal market is gearing up for an unprecedented wave of technology-related investment as the vast majority of firms put technology squarely at the top of their strategic agenda. Click here to view the UK 200: Business Services 2016 report This year’s UK 200: Business Services report includes research into attitudes among firms towards […]
What are the demographics of in-house legal teams? Up until now there has never been any detailed investigation into the question. So we decided to conduct some research as part of The Lawyer FTSE 100 2016 market report, based on data from The Lawyer Market Intelligence.
The total amount of revenue generated by the firms in The Lawyer Global Litigation 50 grew by 4 per cent last year, continuing a growth trajectory that stretches back more than five years.
The highest-grossing law firms in China produce some of the lowest revenues per lawyer in the country, exclusive research by The Lawyer has found.
‘Wellness’, a clunky-sounding term if ever there was one, is the new buzzword in real estate circles. It has become shorthand for how future-proof your office is.
Volatility, consolidation and competition sum up 2015 in Asia’s crowded legal markets, exclusive research by The Lawyer has found.
Baker McKenzie’s highest-paid UK partner received nearly £2.6m in 2016/17, more than double the amount handed out in the previous financial year, the firm’s LLP accounts have revealed. The accounts cover the UK side of the business, with the partner clinching the bumper packet believed to be a member of the corporate team. In the firm’s […]
Iberian giant Garrigues has seen its revenue rise above the €350m mark for the first time, cementing its position as the highest earning firm in Europe.
Kirkland & Ellis’ London office revenue grew by almost 50 per cent in 2017 to a new record of $300m, The Lawyer understands. The rise makes it the second-largest US law firm in London on current data behind White & Case. The rise in 2017 follows a much smaller increase the year before, when Kirkland’s […]
Litigation funder Burford Capital saw triple-figure increases in both income and post-tax profits, generating a record $341m (£244.5m) income last year.
King & Spalding has boosted its global revenue by nearly 8 per cent, while small gains in London failed to bring the firm back to 2014 levels in the City.
Covington & Burling is the latest US firm to post a double-digit rise in London turnover, while the firm’s revenue globally grew nearly 13 per cent.
In-house counsel have described DAC Beachcroft’s meeting rooms as “a miserable dungeon”, as part of an attitudinal survey on workspace carried out by The Lawyer.
Smaller UK firms are bracing for a tough year, with Brexit the main cause of concern for the UK’s regional and independent players, exclusive UK 200 research has shown.
The collective revenue of the UK 200’s independent firms is on the brink of hitting £1.5bn, The Lawyer’s new report released today (9 October) reveals.
The difference in size between the largest and smallest firms in the UK 200 has widened by almost 6 per cent year-on-year, new research by The Lawyer reveals.
New York is the world’s richest, biggest and most important legal market. Fact.
In this, the seventh year that The Lawyer has produced the European 100 report, total turnover for the Continent’s top 100 firms has broken through €9bn (£7bn) for the first time.
It is now eight years since the onset of the financial crisis. For some, it seems like forever ago. For others, it still smarts
International law firms have been flocking to Africa in the past few years, with the continent’s growth potential coupled with tougher trading conditions elsewhere in the world spurring them on.
Many have been burnt before in the region. Which international firms are most likely to grab a piece of the action in the newly unified ASEAN economic community?
Nervous about law firm debt in a post-Parabis world? Don’t be. The banks are lending, the rates have never been better and, for a well-managed firm, a healthy balance sheet is one that has a decent slug of debt on it.
Revenue growth slowed for many European law firms last year, with many blaming the UK’s referendum over its membership of the EU as the major cause.
Dentons has agreed a merger with Dutch firm Boekel, based in Amsterdam.
After a year of buoyant M&A activity and a continued flow of contentious and restructuring work, the financial results for the biggest European firms are in – and it was a record year
This week’s in-house interview sees Bjarne Tellmann, general counsel at publishing giant Pearson, go into detail about cultural change in an organisation. It took Tellmann – listed in The Lawyer Hot 100 this year, and whose function is shortlisted for In-House TMT Team of the Year at The Lawyer Awards next month – just 12 […]
Revenue and profits were up across much of the Continent last year as the European 100 gained a new top-ranked firm, France’s Fidal. Overall, 2014 was a good year across Europe. Even though not all markets are out of recession the combined turnover of the European 100 rose by around 5 per cent, to €8.6bn […]
A&L Goodbody was the first Irish firm to win The Lawyer’s European Law Firm of the Year award. Managing partner Julian Yarr reveals how the firm’s attitude to innovation has led it to success. A criticism which is sometimes made of firms headquartered outside of the UK or US is that they are slow to […]
The European 100, now in its sixth year, ranks the largest 100 independent European firms by revenue and the 30 biggest international firms by their European headcount. We look at metrics such as leverage, female partnership proportion, and track the growth of the European 100 across the time period for which we have data. For […]
After months of research, chasing firms for figures and crunching numbers, The Lawyer European 100 2014 was published this week. With the Eurozone finally nudging out of recession, the results show that a measure of confidence has returned to some European markets. After a difficult 2012, for instance, French firms by and large had extremely […]
Gide Loyrette Nouel’s managing partner Stéphane Puel is leading the firm into a new era and trying to put recent challenges behind him. “Last year was a transition year,” says Gide Loyrette Nouel managing partner Stéphane Puel of 2013 for the French firm. Puel has now been in charge of Gide, France’s second-largest firm by revenue […]
Norton Rose Fulbright has restarted merger talks with Australian independent firm Henry Davis York (HDY), with partners expected to vote on the proposed union in the coming weeks.
Is Asia turning out to be a headache? This week we publish our annual Asia-Pacific 150, which follows hard on the heels of our new Global 200.
The Asia-Pacific 150, now in its third year, ranks the largest 100 locally-headquartered independent and 50 largest international firms by their regional headcount and looks at trends in the legal markets in key jurisdictions. The report provides an overview of the trends in Asia-Pacific from the standpoint of both local and international firms. It looks […]
Since 2013, the Top 30 firms in China has taken giant strides forward, with average revenue and headcounts soaring.
President Xi Jinping’s recent visit to Britain has supposedly opened a “golden era” in the relationship between the countries.
The first ever report into the financial results of the elite Chinese firms, The Lawyer China Elite 2015, was published on Monday. It identified the 30 largest Chinese firms by annual turnover and found that all but one posted growth in the 2014/15 financial year. Chinese giant Dacheng claimed the highest annual turnover among all […]
Overseas expansion and global alliances aside, this year’s China Elite report puts equal emphasis on the internal transformation and evolution some of the top-tier firms are currently undergoing. It will discuss how the leadership teams plan to improve firm governance, management and financial integration, which are of paramount importance for the next critical decade of […]
Companies face a challenge when it comes to different compliance rules, with the legal framework applicable to data protection playing an important role in this process. Data protection awareness in Europe may have substantially increased in the past few years but is nevertheless often an underestimated issue. Special attention should be paid to the topic […]
The European Court of Justice held in a preliminary ruling following a request by the Austrian Supreme Court that the creation of joint ventures does not constitute a concentration under the EC Merger Regulation (“ECMR”), unless the joint venture can be regarded as a full-function undertaking.
By Stephen Bowman A recent High Court judgment has provided an important lesson on the use of consent clauses in contracts, which will certainly have a bearing on the interpretation of provisions commonly found in private equity and venture capital documents. It’s also a reminder for companies to be careful engaging fund raising advisors on […]
Concerned about the way renminbi investments are used abroad, Chinese authority has issued guidelines that divide these projects into three distinct categories. In recent years, as economic growth slowed, large amounts of Chinese capital began to move abroad. Regulators noticed that some overseas investment appeared to be out of control, and were concerned about the sectors that were benefiting. For […]
By Manuel Protásio, Teresa Empis Falcão and Frederico Quintela The construction sector was one of the sectors most severely affected by the economic crisis of 2011, with the construction companies seeking new opportunities in foreign markets, particularly in the Portuguese-speaking countries in Africa. The financial assistance programme came to an end in May 2014 and […]
Bringing together state-owned enterprises to compete on the international stage is a complicated procedure that requires fresh thinking and great technical know-how. The merger of China South Railway (CSR) and China North Railway (CNR) in 2015, resulting in CRRC Corporation Limited (CRRC), heralded a new round of restructuring and reform of Chinese state-owned enterprises. Benefits include speeding up the transformation and […]
By Richard Fear, partner and Maree Martin, head professional support lawyer Since our Cayman Islands Beneficial Ownership Regime Alert in May 2017, the Cayman Islands Government has amended the beneficial ownership regime, and has issued further regulations. The Amending Laws modify who must comply with the beneficial ownership regime and impose new filing obligations on […]
On 14 April 2018, the changes to the Federal Law ‘On Currency Regulation and Currency Control’ (the ‘Currency Regulation Law’) and the Code of the Russian Federation ‘On Administrative Offenses’ introduced by Federal Law No. 64-FZ dated 3 April 2018 became effective, which provide for the obligation of Russian residents to repatriate to their accounts […]
By Shaimerden Chikanayev As Central Asia’s largest and richest country, with a Muslim-majority population of around 18 million people, Kazakhstan wants its local Islamic banking industry, as an alternative source of capital for SMEs, to reach 3-5% of its total banking assets by 2020 from 0.08% in 2015…
The Football Association of Ireland (FAI) has settled High Court proceedings brought by two former Athlone Town football players suspended by the FAI for match- xing. The proceedings concerned an appeal by the players Igors Labuts and Dragos Sfrijan against a 12 month suspension imposed by the FAI Independent Disciplinary Committee (Disciplinary Committee). The suspension […]
As reported last year, Government has introduced legislation enabling the introduction of the Soft Drinks Industry Levy (SDIL) in an attempt to reduce the consumption of sugary drinks. This so-called sugar tax came into force earlier this month. A drink is liable for SDIL if it meets all of the following conditions…
The European Commission has issued a Brexit notice to food business operators regarding the legal repercussions of the UK leaving the European Union. The Commission warns that EU food law may cease to apply to the UK from 30 March 2019 onwards. The consequences of this may include that, among other things, labelling on food […]