11 July 2016

Paralegal

The long read: Why your paralegals hate you

The paralegal remains one of the most ill-defined jobs in the legal profession. Exclusive research by Lawyer 2B has found long hours, poor pay and dangling the “carrot” of a training contract could create serious problems for UK firms.

In-house interview: Jonathan Waltho, Fidessa

Jonathan Waltho made the move to in-house work in 1998 when he became sole counsel at Leicester City FC, a role which saw him set up the club’s first legal function. Since then Waltho’s career has seen him enter the field of technology, culminating in his role as the first general counsel at software company Fidessa.

LMI analysis: Accenture

Reaping the rewards of a diversification strategy and the will to invest, Accenture boasted record revenue of $31bn (£24bn) in 2015, an 11 per cent increase on the previous year. The global consultancy, technology services and outsourcing giant also delivered new bookings of $34.4bn and returned $3.8bn to its shareholders. This strong performance continued into 2016 and, after raising its full-year revenue forecast following a successful Q1, there seems no stopping the Dublin-headquartered company.

Romania: infrastructure input

Last year, the European Commission adopted the Large Infrastructure Operational Programme for Romania, which equated to a €9.5bn investment in the country’s transport, environment and energy projects.

Moves: 11 July 2016

Latham & Watkins has hired Dechert partner Jeremy Trinder to its City finance department. Trinder joined Dechert in 2012 after being made up to partner at White & Case in 2010. He works on real estate finance matters, representing lenders, borrowers, investors and servicers. Latham has also hired GE Capital Real Estate in-houser Quentin Gwyer, who was executive counsel for European Debt.

Debunking the myth of the law firm verein

Recently Joe Andrew, the chair of the Dentons’ verein, wrote an opinion piece entitled ‘Debunking the myth of the pay-to-play network’. Unfortunately, he overlooked one fact. He did not mention that Dentons’ verein structure, in almost all respects, could be characterised as a territorially exclusive pay-to-play network but with much higher fees. Dentons has adopted essentially the same structure of the traditional networks Andrew is critiquing.

Paralegals are hard workers, not minions

When was the last time you were a minion? If you are a typical reader of The Lawyer the answer is probably a long time ago, if ever. Even as a lowly trainee or pupil you were one of the favoured children: the future of the business. This week’s cover feature, however, looks at the […]

Africa – the great opportunity

Africa is rapidly becoming the global economic growth engine. Half of the world’s 25 fastest-growing nations are in Africa and almost 40 per cent of the continent will achieve GDP growth of more than 5 per cent in 2016. The population is set to grow by 50 per cent to 1.5bn by 2030, and by 2040, Africa’s working-age population will rise to 1.1bn from about 500m today – greater than the working-age populations of China and India combined.

In-house Financial Services Conference: open to debate

Regulatory change, compounded by Brexit, is just one of many challenges faced by in-house lawyers in financial services. These were the issues under discussion at The Lawyer’s in-house financial services conference in London, attended by over 100 in-house lawyers.

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