The inconvenient truths about global firms’ future in Hong Kong
New security laws and a US-China trade war mean Western players will have to change the way their do business to compete with the PRC heavyweights
Who cares about London, anyway?
The Lawyer’s first Regional Powerhouse Ranking shows the strength of the UK’s legal market outside London
Don’t forget to look after the partners
A period of radical change has descended on the profession, with firms contending with a raft of organisational challenges. Major tax reforms are underway for the 2023/24 year, with many firms expected to issue cash calls to satisfy the income tax bills from HM Revenue & Customs. But this one-off hit is little compared with […]
There are too many lawyers to regulate
How many people does it take to keep lawyers honest? For the Solicitors Regulation Authority (SRA) the answer is 646. That’s how many people were employed by the body that regulates solicitors across England and Wales as of October 2022, with headcount having grown by nearly 50 since 2018. In turn, those 646 members of […]
Your offices are smaller, and yet more expensive
The reimagining of the office is a hallmark of the post-pandemic era. In 2022, law firms took 1.5m sq ft of space in London, a new record, according to Knight Frank. And this isn’t a phenomenon confined to the capital: from Glasgow to Plymouth, law firms are leading the climate-friendly office revolution. The upcoming The […]
In-house lawyers are bringing a pointy stick to a gun fight
Firms are starting to pour investment into legal tech, but the same cannot be said for their clients
City talk: Slaughters and MoFo cash in on longstanding Arm ties
Lengthy discussions over Arm’s multibillion-dollar listing proved fruitful for its advisers as the legal fees wracked up ahead of its Nasdaq float. Since Arm’s parent company SoftBank announced in February 2022 that plans to sell to NVIDIA had fallen through, all eyes were on Arm to complete its IPO now valued at $54.5bn (£44bn). For the […]
Boodle Hatfield bulks up workforce after HMRC tax changes
Boodle Hatfield has joined a raft of firms that have confirmed they will be switching their financial year-end to 31 March due to HMRC’s new tax rules, joining Mishcon de Reya, Macfarlanes, Burness Paul and Weightmans. The new rules will cause administrative headaches for finance teams as they enable HMRC to tax a business’ profits in the […]
BT rewards diversity contest winner with panel spot
Three years after pledging to reward a panel firm for its diversity efforts, BT has made good on its promise and automatically reappointed one of its advisers. BT Group has crowned Addleshaw Goddard as having the best diversity and inclusion (D&I) track record among its existing legal panel, which automatically wins the firm a spot […]
A&O mulls sale of legal risk management business
Magic circle firm Allen & Overy is mulling a sale of its legal risk management division prior to its merger with Shearman & Sterling. Aosphere is part of A&O’s advanced delivery and solutions offering, which also includes A&O consulting and flexi-lawyer business Peerpoint. Divisions performed well over the last financial year, with revenue across this […]
Addleshaws leadership scramble begins as Joyce quits early
Addleshaw Goddard’s longstanding managing partner is to stand down from his leadership role one year early. John Joyce, the firm’s former head of business support and restructuring, has led the firm since 2014. He was re-elected for a second term in 2017 and then a third term was obtained during the Covid-19 pandemic. Joyce was always […]
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