Horizon

Race running to finish

Pinsent Masons is at risk of losing the growth race

Top of the priority list for Pinsent Masons’ new managing partner, Laura Cameron, will be a plan to reinvigorate growth. Last year’s firmwide revenue rise of 14 per cent disguises a longer-term growth malaise that is eroding the UK partnership ranks. Pinsents is facing a competition squeeze from peers that are ramping up international growth […]

Italy

Lovells is alive and well

If evidence were required that legacy Lovells has not been wholly consumed after almost 14 years of marriage with its US partner Hogan & Hartson, then last week’s news of a significant investment into its Italian team is the place to look. In total, 23 lawyers left Orrick, led by finance partner and European head […]

DACB and DWF are piling on debt but gaining market share

Utilising debt to finance growth is an uneasy concept for the legal profession. The booming cash reserves of the last year have done little to assuage this; lawyers would prefer firms use that money to make investments rather than take it from a lender. Bucking the trend here is a Top 30 duo that has […]

AI robot

GCs are embracing AI more than law firms are

Appetite for generative AI tools that manage menial, yet important, tasks has risen rapidly, with new data showing that adoption rates have doubled in the last six months. But it isn’t just private practice lawyers who are embracing the latest tech explosion, clients are too. There’s no denying that, while appetite is high, law still […]

City lawyers: prepare to be love-bombed

Last week’s The Lawyer Podcast was a good’un, eh? Lofty metaphors about the flapping wings of a butterfly, searing insights contrasting London with New York, and explosive statistics about how seriously the European firms are taking London. Give it a listen, and you’ll hear how European law firms are sensing a moment to pounce on opportunity […]

The Americans are turning on one another

It’s long been the hope of the ambushed City firms that the expansionist and lucrative US outfits might finally leave their partnerships alone. And after years of losing lawyers to their US rivals, the UK firms have been waiting for this to play out in earnest – a time when the US firms instead go […]

Scotland’s lawyers are backing Labour

This is less a Horizon and more a run-down of Scottish people being rude about each other. But it is also hopefully a reminder of just how much the market north of the border has changed recently. Where to start? Well, Morton Fraser and Macroberts have merged to create ‘MF Mac’. The firm has declared […]

Your juniors need you

The physical manifestation of how firms are adapting their approach to learning and development for the hybrid workforce is evident in how firms are reimagining their offices. As well as adding a plethora of mod cons, they are drifting away from the traditional office floor space design. It may not be to everyone’s liking, but […]

Manchester

Why Gateley is a private equity champion

A gloomy shadow cast by recession fears, challenging trading conditions, rising interest rates, and intricate debt markets dampened the spirits of investors last year. Indeed, the UK private equity landscape bore the brunt, according to a recent report from KPMG, witnessing a 20 per cent dip in deal volumes and a further 23 per cent […]

Kirkland is (almost) a perfect 20

US firms’ financial reporting season is upon us. Time to dust off the data comparisons between the top US and UK firms and see which are genuinely leading the way in the global legal market. Everybody loves a ranking and so here’s a new one for you. Unlike single-metric tables that rank firms solely by total […]

business suit watch

Women are no longer loyal

The data is in, and it’s not looking good for firms that are trying to retain female lawyers. The Lawyer analysed moves across the country’s largest 500 firms in 2022 and 2023 for insight on movement within the legal market. The indicative data from Atlas by Codex Edge includes 26,307 hires during the two-year window; […]