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Law firm confidence proves resilient for year ahead despite global economy fears

Firms expect to avoid job cuts as four out of five partners predict growth in 2012. Rose Orlik reports...

13 Jan 2012 | 00:00 | secure | 2 comments

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inner image Slaughters and Linklaters lauded as City’s best-run firms as partners chase leadership dividend

Nine out of 10 senior lawyers view leadership as key to success while DLA Piper’s recruitment of former Linklaters head Tony Angel wins widespread backing. Simon Petersen reports

17 Nov 2011 | 00:00 | secure | 15 comments

inner image Partners want more Govt promotion of legal profession's contribution to economy

Senior lawyers remain unconvinced that the Government is doing enough to support UK legal services, despite justice secretary Kenneth Clarke’s recent pledge to ‘go into bat’ for the industry. Legal Week’s latest Big Question survey found th...

13 Oct 2011 | 00:00 | secure | 7 comments

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Partners undeterred by market volatility as 16% predict double-digit growth

Despite the unstable eurozone and US credit rating downgrade, partners are optimistic about the year ahead following a busy run-up to summer. Sofia Lind reports

01 Sep 2011 | 00:00 | secure | 2 comments

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Partners sceptical over split-profit mergers but Hogan Lovells seen as strong platform

Doubts remain about verein-backed mergers but partners believe such unions can deliver a strong service for bluechip clients; Hogan Lovells and Bakers viewed as the most effective platforms. Suzi Ring reports

14 Jul 2011 | 00:00 | secure | 14 comments

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Partner fraud scandals exception not rule

Partners remain bullish regarding the ethics and governance standards at major commercial law firms despite several high-profile investigations involving alleged financial wrong-doing. The latest Legal Week Big Question survey found that 56% of res...

02 Jun 2011 | 00:23 | secure | 13 comments

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Stress in the City only increasing, say partners

The workload is far more stressful than 10 years ago say 90% of respondents – and law firms are not doing enough to combat the pressure

05 May 2011 | 08:19 | secure | 28 comments

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Partner confidence bucks double-dip fears

Confidence at commercial firms edges upward despite wider fears about strength of UK recovery, with 95% of partners expecting revenue growth over next 12 months

14 Apr 2011 | 06:38 | secure | 1 comment

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One in two partners lack understanding of workings of SRA's new regulatory regime

Nearly half of City partners do not understand the move towards principles-based regulation by the Solicitors Regulation Authority (SRA), with a similar number believing the body has not been effective in its efforts to build links with commercial law...

31 Mar 2011 | 05:56 | secure | 7 comments

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Firms still confident of growth via laterals

Senior lawyers remain convinced that hiring partners is an effective way to build their firm’s business despite concerns over the difficulty of finding and integrating promising candidates. The latest Big Question survey found that 64% of respond...

10 Mar 2011 | 12:23 | secure | 18 comments

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'Near-shoring' garners approval in the City

Nearly 60% of partners see relocating support teams to lower-cost regional centres in the UK or Europe as an attractive option, with even greater numbers predicting an increase in the number of law firms embracing 'near-shoring'. The results of Leg...

22 Feb 2011 | 07:40 | secure | 6 comments

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LawSoc failing to gain traction with City firms but partners want to build links

One in two commercial partners has a negative view of the Law Society while a clear majority feel Chancery Lane is of little or no relevance to City law firms. These are the key findings of Legal Week's latest Big Question survey, which found that ...

08 Feb 2011 | 07:22 | secure | 15 comments

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Partners expect 2011 to be a growth year

City partners are shrugging off concerns about the eurozone and domestic spending cuts to face 2011 in a generally upbeat mood, with nine out of 10 law firms expecting revenue growth over the year. Legal Week's quarterly business confidence survey ...

18 Jan 2011 | 07:18 | secure | 2 comments

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Partners fear MoJ cuts will lead to 'brain drain' from publicly-funded work

The overwhelming majority of partners at commercial law firms believe Ministry of Justice (MoJ) plans to cut £350m from its annual legal aid budget will lead to a ‘brain drain’ of talented lawyers from publicly-funded work. Just under half of ...

26 Nov 2010 | 13:01 | secure | 13 comments

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Partners believe tuition fee hikes will damage law's diversity efforts

Fewer than one in four partners are in favour of Government proposals to allow universities to charge students up to £9,000 in fees, with the clear majority of senior lawyers believing it will damage efforts to improve social diversity in commercial ...

09 Nov 2010 | 07:39 | secure | 28 comments

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