‘Thirty years ago, the legal press didn’t exist,’ says Pinsent Masons managing partner John Cleland. ‘Deals were sometimes reported and occasionally they would find their way into the newspaper – but very rarely would the law firm’s name be mentioned. Now firms and the legal press have a very active dialogue on things, ranging from analysis to commentary on trends. We never had that thirty years ago.’
Indeed, much has changed in the 30 years since Legal Business first asked firms to cough up their financial results. And calling it the LB100 then would have been wildly inaccurate, what with the first report only including some 35 firms. It was not until the following year that the report graduated into a truer reflection of the business of law.
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