To mark our annual Global London report, Legal Business teamed up with Venturis Consulting to assess the dramatic progress made by US law firms in the City. Can anything slow the advance? It has been the defining force in the City legal market this decade: the emergence of US law firms as credible and increasingly …
Continue reading “The Global London debate – Tipping points”
Momentum versus quality. That’s the question for the upper reaches of the legal industry that is never on the lips of managing partners but probably should be. The industry likes to focus on partnership models, strategies, practices, geographic spread and culture. These are all fine up to a point but as major determinants of success, …
Continue reading “Comment: Momentum – the little-discussed magic that can lead to big success”
Will the real Clifford Chance (CC) stand up? It is, after all, a key moment for what was not that long ago the world’s most influential law firm but working out what it stands for now can be a challenge.
Having spent a reasonable chunk of my pundit duties over the last three years noting significant shifts against London’s elite on the global stage, I confess I had expected financial results this year to break that pattern with City leaders managing a more confident showing. Particularly as the Global 100 firms collectively grew revenues by …
Momentum versus quality. That’s the question for the upper reaches of the legal industry that is never on the lips of managing partners but probably should be. The industry likes to focus on partnership models, strategies, practices, geographic spread and culture. These are all fine up to a point but as major determinants of success, …
Continue reading “Momentum – the little-discussed magic that can lead to legal success”
Having spent a reasonable chunk of my pundit duties over the last three years noting significant shifts against London’s elite on the global stage, I confess I had expected financial results this year to break that pattern with City leaders managing a more confident showing. Unfortunately for London’s finest and my own credibility, that expectation …
Continue reading “The Global 100: so much for the City comeback as US leaders land the big blows”
In a shameless shout-out for my own shop, I’m making up this opportunity to highlight what is already one of our favourite projects. Next week we’ll be holding our GC Power List Summer Reception at The Club at The Ivy.
It is 2025 and the view from the nominal head office of the leading City law firm remains as uncertain as it has for the last 15 years. Not that there hasn’t been progress at what would once have been called a Magic Circle firm.
Conservatism and intransigence are qualities often bemoaned in the legal industry, in many cases beyond their manifestation. But there is one aspect in which the upper reaches of City law have shown a resistance to change verging on the surreal: the desperate embrace of a highly restrictive model of lockstep.
Conservatism and intransigence are qualities often bemoaned in the legal industry, in many cases beyond their manifestation. But there is one aspect in which the upper reaches of City law have shown a resistance to change verging on the surreal: the desperate embrace of a highly restrictive model of lockstep. As we argue in our …
Continue reading “Lockstep has to go for Magic Circle to enter new global elite”
