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Partners divided on reliability of PEP and need for transparency

Dentons' decision to cease publication of its annual profits per equity partner (PEP) has its backers within the legal profession: according to a survey of partners, just under half think financial transparency is 'irrelevant' to anyone outside the fi...

04 Jul 2014 | 00:00 | secure


inner image In-house lawyers deserve bonuses and more pay, say GCs, as work/life balance remains the biggest draw

In-house lawyers believe general counsel at leading companies remain underpaid compared to other senior executives despite recent publicity over the high levels of pay received by some GCs in the banking sector, according to Legal Week's latest Big Qu...

15 May 2014 | 13:35 | secure

inner image KWM-SJB tie-up gets cautious thumbs up as other merger moves fail to convince

SJ Berwin's merger with King & Wood Mallesons (KWM) has been met with guarded optimism by law firm partners, who are more cynical about other recent high-profile tie-ups. Legal Week's latest Big Question survey has found that nearly 50% of partners...

13 Mar 2014 | 12:20 | secure

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Banking sector clients have too much sway over their legal advisers, say partners

An overwhelming majority of partners believe that banks wield too much influence over their legal advisers when it comes to representing other businesses, according to new research....

13 Dec 2013 | 00:00 | secure

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Stronger economy and healthy half-year revenues fuel confidence boost at top firms

Buoyed by a surge in transactional activity and a stronger economic outlook, business confidence among partners at the top law firms is at its highest point for several years. Results of Legal Week's latest Big Question survey show 94% of partners ...

22 Nov 2013 | 00:00 | secure

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Location, location, location still key as law firms see offices as vital in attracting clients

The latest Big Question survey shows that 91% of respondents feel that a law firm's office space significantly influences how clients perceive it, with fewer than one in 10 disagreeing. The vast majority of respondents also regard office space as im...

25 Oct 2013 | 00:00 | secure

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Pay guarantees remain common despite widespread concerns over effectiveness

The majority of partners regard guaranteed pay deals for senior lateral hires as an ineffective weapon in the war for talent, despite a consensus that such deals are common. Fifty-seven per cent of the respondents to Legal Week's latest Big Questio...

13 Sep 2013 | 00:00 | secure

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Partners favour accuracy of hourly rate as fixed-fee billing presents value challenge

The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research. The resul...

19 Jul 2013 | 00:00 | secure

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Pure lockstep out of favour as economic woes prompt partner pay shake-up

Half of the UK's leading law firms have either changed their partner remuneration structure since the onset of the credit crunch or are currently reviewing it, according to Legal Week's latest Big Question survey, which highlights the increasing accep...

14 Jun 2013 | 00:00 | secure

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Cautious optimism reigns across industry as partners hope for economic bounceback

As the number of firms announcing redundancy consultations this week continued to rise – with news of widespread cuts at Berwin Leighton Paisner – new research from Legal Week has found a surprising degree of business confidence among partners in ...

17 May 2013 | 00:00 | secure

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Outsourcing out of favour as majority of partners back more near-shoring schemes

The majority of partners at UK law firms believe firms should set up their own near-shoring ventures to cut costs ahead of sending work to outsourcing companies, according to new research published in the wake of several firms scaling back contracts w...

19 Apr 2013 | 00:00 | secure

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Partners support firm moves to hold back profit distributions to shore up finances

The majority of partners see moves by firms to hold back profit payouts as sensible financial management, as new Legal Week research highlights the widespread use of such measures across the profession. The latest Big Question survey found that 45%...

15 Mar 2013 | 00:00 | secure

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Partners predict further law firm failures as recent collapses shake confidence

The vast majority of partners believe it is likely that more large law firms will collapse over the next two years, according to new Legal Week research. In the wake of Cobbetts' recent rescue takeover by DWF and Dewey & LeBoeuf's implosion last ye...

15 Feb 2013 | 00:00 | secure

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Partners warn of 'disastrous' prospect of EU exit amid fears of impact on business

There may have been much talk of business support for Prime Minister David Cameron's high-stakes referendum on European Union (EU) membership, but law firms are certainly not among the converted. Legal Week's latest Big Question found commercial pa...

01 Feb 2013 | 00:00 | secure

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Partners back apprenticeships into law but fear trainees will struggle for acceptance

Moves to establish an apprenticeship route to the profession have drawn considerable support from senior lawyers, despite fears that such candidates will struggle to compete with university-track practitioners. The latest Legal Week Big Question su...

11 Jan 2013 | 00:00 | secure




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