DAC Beachcroft (DACB) has formally launched an office in Northern Ireland after the acquisition of its Belfast best friend firm McKinty & Wright for its second office launch of 2019. Belfast follows Paris in becoming DACB’s second new European office this year with the Northern Irish site bringing six new partners into the fold along […]
DAC Beachcroft‘s executive board has voted through a new initiative that will see a portion of year-end capital held back in a push to retain funds for workplace improvements. The 10-member board, chaired by senior partner Virginia Clegg, voted through the motion that was approved by partners at the firm and will see a “modest” […]
One of the great unnoticed success stories of the last few years has been the internal financial revolution at DAC Beachcroft spearheaded by managing partner David Pollitt. In the last half-decade, the firm has more than doubled its average profit per equity partner, growing that figure by 103.1 per cent from £250,000 at the end […]
DAC Beachcroft is understood to have positioned the #MeToo movement at the heart of potential risks to its business as a growing number of firms have their reputations damaged by partners’ inappropriate behaviour. The decision is understood to have come as part of the firm’s annual business review which aims to identify what could cause […]
The fortunes of the US firms in London dominated this week’s stories on The Lawyer, while our most comprehensive look at firm leadership revealed stark truths about diversity (or lack of it) in the industry. According to data collected from 38 of the world’s largest firms, just one had a 50:50 gender balance on its […]
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Recent years have seen a tremendous shift in almost all aspects of the UK legal services sector, but few have been more tangible than the transformation of senior marketing roles. What was once seen, somewhat disparagingly, as a ‘back office’ position is now taking its place shoulder to shoulder with the leading firms’ most senior rainmakers.
Law firms are finally waking up to the fact that marketing makes money. Not all, however, have quite yet cottoned on to precisely how. Most firms now recognise that as they and their clients grapple with the realities of digital transformation, the specialists leading this thinking are unlikely to be lawyers.
Cleary Gottlieb Steen & Hamilton has made all of its paralegals in London redundant, after an analysis of work patterns and demand for their services. The US firm confirmed to The Lawyer that it will no longer recruit paralegals in London, having made three paralegals redundant. A spokesperson said: “We confirm that we have made […]
Osborne Clarke has made up eight new partners in the UK, including one who completed the process during her maternity leave and two that work on a part-time basis. The firm’s new cohort means Osborne Clarke now boasts a partnership of more than 260 for the first time in the firm’s history with a handful […]
US firms have extended their share of the London legal market, The Lawyer can reveal, with more than ever featuring in the exclusive ranking of the 50 largest US and UK-headquartered firms in the City. This is a rise of one firm on last year’s ranking, which was introduced for the first time in the […]