DLA Piper chief executive Nigel Knowles sparked huge debate this week when he declared that the legal sector is on the brink of mass change. It was the most read story on The Lawyer, with readers offering up their views on whether Knowles’ opinion will be borne out – or not.
The annual discussion on whether average profit per equity partner (PEP) figure is a true reflection on the financial health of a firm took a fresh turn this year after Dentons spoke out against the marker. The firm insisted that PEP was a “meaningless” figure because “no two firms are identical, and some like Dentons are very different”.
As one reader pointed out, “PEP is causing rather a lot of debate for a ‘meaningless’ metric…”.
Elsewhere, there was much interest in the growth of the insourcing market. Allen & Overy, Ashurst and Herbert Smith Freehills (HSF) are all fond of the disaggregation model and the economic efficiencies it has to offer. What lessons can be learned from the alternative insourcing models that have sprung up in recent years? Take a look at our guide on how to avoid the pitfalls of efficient working structures.
Click on the links below to access The Lawyer Top 10 stories for the last seven days. Your views are always welcome.