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Into the wilderness - the lack of post-law careers diminishes the profession
"It’s an increasingly glaring contradiction that as the profession has often touted its commercial outlook, on one key yardstick its business cred has utterly failed: the dearth of opportunities for partners after they retire from law..."
10 Feb 2012 | 00:00 | 
Clients vs law firms – the war that dare not speak its name
Why don't law firms communicate better with clients? Why do advisers persist in business practices that encourage inefficiency? Why are law firm charge-out rates so high? Why can't we all buy the world a Coke and live in perfect harmony? It's funny...
07 Feb 2012 | 13:35 | 12 comments
Proper capitalists - banking woe is legal profession’s chance to shine
Where do City lawyers fit in if there’s a crisis in capitalism? (I’m not sure there is, but the Financial Times keeps telling me so). City lawyers have for years been unsure of their proper role, on one hand wanting recognition for forging a Briti...
03 Feb 2012 | 00:00 |
Tesco bore - the acronym-heavy revolution is already here
I have a confession: the whole Legal Services Act (LSA)/Tesco law thing bores me terribly. Legal Week was so quick off the mark to cover the saga that my interest was exhausted by the point the profession started taking it seriously. The jargon, the a...
27 Jan 2012 | 00:00 |
Merger mania again - but has anything changed this time?
You can forget all the forensic stuff about strategic tie-ups; large UK mergers usually don't make it over the line because the partners haven't wanted them enough and didn't sufficiently fear the consequences of not doing a deal...
20 Jan 2012 | 15:47
What doesn't kill you... how much medicine can Linklaters take?
"Linklaters has been through five overhauls in a decade – four of them in the last five years. This level of upheaval contradicts the received wisdom about how aggressively you can manage a major law firm before things start falling off the wagon.....
20 Jan 2012 | 00:00 |
2009 and all that - reasons to be (relatively) cheerful
As Legal Week went to press on the final issue of last year, the end of 2011 was starting to look a lot like the closing days of 2008. A global economy slowing, chaos in financial markets and a huge overhang of debt in all directions – well, you har...
13 Jan 2012 | 00:00 |
The history boys - Herbert Smith needs to escape its past
“Most of the firms began to expand strongly, both domestically and overseas. Chastened by the recession, Herbert Smith preferred to watch and wait, its efforts to set a strategic course being best described as desultory...”
08 Dec 2011 | 00:00 |
Life after law? Comp - and law firms - should accomodate older partners
It’s hard to see why law firms cannot offer flexibility to older partners to reduce their remuneration in later years to account for the commitments you can make when you still have a lot to offer beyond brute stamina...
01 Dec 2011 | 00:00 |
What clients want - law firm profits speak volumes about clients’ priorities
I don’t pay much attention to pronouncements made by general counsel about cost and value. It’s a maxim that has generally stood me in good stead at Legal Week. If you did take those public statements at face value, you would have concluded a lot ...
24 Nov 2011 | 00:00 |
Frankly speaking - Frank Burch lays out the DLA playbook
“We believe that the profession is going to change structurally over the next three to five years and we want to be at the front end, not the back of that process. That takes strong leadership.” So says Francis B Burch, Jr, the US-based co-chairma...
17 Nov 2011 | 00:00 |
Place your bets: decision time looms in Asia
Alex Novarese on why A&O's merger talks with Allen & Gledhill marks a key moment for the development of Singapore Inc as a key strategic hub for Asia...
10 Nov 2011 | 00:00 |
Culture clubs – can drafting in an external leader for a law firm work?
DLA's appointment of ex-Links head Tony Angel turns on a gamble which no-one in the legal industry knows the answer to: can you bring in an experienced lawyer to lead (which largely means change) another major firm?
03 Nov 2011 | 00:00 |
The pull of PEP - DLA Piper's partnership shake-up raises interesting questions
Why would you want to triple your equity partnership, as DLA Piper is now on course to do for its non-US business? After all, it flies in the face of a 20-year trend that has seen commercial law firms make up armies of non-equity partners to drive up ...
27 Oct 2011 | 00:00 |
EC3, then the world - Clydes asserts insurance law on global stage
Cast your mind back five years ago to what seems like a different era. Clyde & Co was generating not much more than half its current revenues and Holman Fenwick Willan barely scraped into the top 40 while Ince & Co just about made the top 50. Kennedys...
20 Oct 2011 | 00:00 |
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