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Middle of the action – the rising influence of the Middle East's in-house lawyers

The noisy building site outside my hotel window last week gave me direct experience of Dubai's steady revival from the economic crash of 2009. The record attendance at Legal Week's Corporate Counsel Forum Middle East and a very lively awards ceremony ...

24 May 2013 | 00:00 | secure

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inner image Uphill battles - the future is not looking bright for today's law students

Employment prospects may be dwindling as law firms continue to scale back trainee intakes and slash associate ranks through redundancy consultations, but this seems to have done little to dent law students' confidence in their higher education. Thi...

17 May 2013 | 00:00 | secure

inner image Cashing in on cachet – why a little prestige in your firm can go a long way

Apple has it by the bucket load. High-end fashion houses such as Gucci and Prada have it. Ferrari, Aston Martin and Jaguar all have it. But do Clifford Chance and Allen & Overy? According to more than 3,000 students, the answer is a resounding yes. ...

10 May 2013 | 00:02 | secure

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Caught in two minds – firms split on whether to stick or twist in tough market

Recent weeks have presented a somewhat divided picture of the upper echelons of the legal market. On the one hand, against the backdrop of a relentlessly tough market, many of the UK's largest law firms have announced predictably reduced partner promo...

03 May 2013 | 00:00 | secure

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Lessons of the new world – why brutal markets mean there is no room for error

As law firm collapses go, Cobbetts has neither the partner infighting of Halliwells nor the sheer scale and alleged top-level mismanagement of Dewey & LeBoeuf to generate popular appeal. What Cobbetts does provide, though – far more so than the m...

26 Apr 2013 | 00:00 | secure

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Moving with the times – outsourcing: why GCs can't have their cake and eat it

If someone were to set out now to create a new elite City law firm from scratch, chances are it would bear little resemblance to the form most leading UK firms currently take. Junior staffing levels, remuneration systems and equity partner numbers wou...

19 Apr 2013 | 00:00 | secure

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A conscious bias – why a little positive discrimination is no bad thing

A reader questioned last month why we had chosen to highlight the fact that all of newly merged Dentons’ recent EMEA partner promotions were female. Why was their gender relevant to their promotion, they asked – would we have raised the issue if a...

12 Apr 2013 | 00:00 | secure | 1 comment

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Numbers game – LLPs offer chance to look beyond PEP and revenue

It's all about the numbers this week, with our monthly news analysis drawing on the annual accounts of the UK's 30 largest law firms to create a comparison across, well, so many financial metrics it's almost impossible to decide what to highlight. ...

28 Mar 2013 | 00:00 | secure

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Down payment – should firms face up to reality and cut NQ pay?

A report this week by City recruitment company Edwards Gibson arguing that law firms need to reassess pay for junior lawyers is particularly timely, given our cover story today. The recruiter's claim that top law firms should consider substantiall...

22 Mar 2013 | 00:00 | secure

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Money talks – why firms should be open about partner pay delays

For an industry so hung up on profits per equity partner (PEP), and for which information on salaries is widely available, law firms are remarkably cagey on the small matter of paying them. Given the ongoing challenges in the global financial mark...

15 Mar 2013 | 00:00 | secure

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Betting on in-house – can corporate moves into legal services win credibility?

"At a time when in-house advisers are under growing pressure to demonstrate their worth to the wider business, why not try to leverage skills already housed within the department to make a profit from external clients or make new inroads where they k...

08 Mar 2013 | 00:00 | secure

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Single white female – despite the diversity talk, the Bar is still a man’s world

In such established old boys’ networks as the Bar and the judiciary, improving diversity – whether in terms of gender, race or class – was always going to be a challenge. Even so, the annual silk round and the Supreme Court judge appointments th...

01 Mar 2013 | 00:00 | secure

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Language barriers – firms face challenge to translate Asia efforts into profit

For some time now, Asia – and Hong Kong in particular – has been seen as the land of hope and opportunity by international law firms. Its relative resilience against the worst of the downturn has meant firms have continued to plough money into the...

22 Feb 2013 | 00:00 | secure

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Crunch time – the real work is just beginning for Norton Rose

Five quick-fire international mergers and three-and-a-half years are all it will have taken Norton Rose to transform its business from struggling UK mid-tier practice to global giant by the time its merger with Fulbright & Jaworski goes live this summ...

15 Feb 2013 | 00:00 | secure

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Revolving doors - London partner churn at US firms reaches new heights

As Cobbetts this week looked to be taking its final steps towards obsolescence and a pre-pack deal with DWF, new research from Legal Week has found US firms' activities on this side of the pond moving in an entirely more positive direction. Casting...

08 Feb 2013 | 00:00 | secure

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