This week saw the publication of The Lawyer UK200 Annual Report 2013, the culmination of months of research, data gathering and interviews. It’s likely that senior support teams, notably but by no means exclusively finance, will have been poring over the metrics with a tooth comb as fine as those wielded by partners across the UK’s top 200 firms. Notably this year we’ve ramped up the level of detail included on firms’ total lockup, including a focus on work in progress and debtor days (as well as debt levels).
And as you might know by now, for the first time this year’s UK 200 has been produced as a digital interactive tool that will allow firms to benchmark themselves against their peers. Why not compare yourself against DWF, which since 2009 has cut its WIP by more than half by using a mixture of the latest technology and good old-fashioned kicks up the bums by finance teams. It works wonders, you know.
The Lawyer’s next major research report will be December’s Global Litigation Top 50, the annual analysis of trends in the world’s disputes largest teams. This year’s report will focus on the costs of litigating, with research focusing on both the private practice and in-house sides of the fence. In this week’s issue of The Lawyer Management you’ll find an opinion from Epiq Systems focused on the technology aspects of document review, a regular big cost in litigation and an area where lawyers, particularly those in-house, are looking to technology to help them reduce spend.