Since the rise of social media gave professional lawyers a fast-expanding number of outlets in which to publish their views, there has been a protracted (and often turgid) debate on the liabilities and brand risk for law firms and chambers regarding the statements made by their lawyers.
But this has appeared to be largely about lawyers being lawyers – hunting for the potential pitfalls and liability in any situation – rather than there being much of a problem.
I enjoyed the recent debate triggered by reports of the US lawsuit accusing DLA Piper of over billing. As expected the comments included a few laments about lawyers’ strange habit of charging clients for inputs in the form of billable hours – strange in the sense that when we buy a quart of milk we expect to pay for milk, not bushels of livestock feed and hours of dairy workers’ time.
In a move that stands out against the recent backlash towards business process outsourcing, Wragge & Co is to cut up to 30 full-time equivalent support roles following an agreement with Intelligent Office.
A consultation has been launched with affected PAs, secretaries and other administrative staff following a comprehensive review of the firm’s back office functions, which was launched at the start of the year.
Latham & Watkins is to further expand its German corporate capability with the launch of a Düsseldorf office after hiring a three-partner team from US rival Shearman & Sterling.
A further reminder comes this week that despite much talk of the pressure on the legal market (see Comment: Things I would have said about the future of law if I hadn’t forgotten my notes), leading City players continue to be highly profitable with Linklaters announcing on Tuesday (7 May) that it is raising its salary bands for associates.
Both sides of the volume insurance market saw significant Legal Services Act-themed developments today as two of the most touted investor-backed law outfits announced four proposed acquisitions in a single day.
Plexus Law today (7 May) confirmed it is to merge with insurance dispute resolution practice Greenwoods, creating a £90m defendant insurance litigation business. Plexus is the defendant arm of the Parabis Group, the legal outfit that last year sold a majority stake in its business to buyout house Duke Street in a move expected to fund a war chest for expansion.
Glencore Xstrata has promoted former Glencore general counsel (GC) Richard Marshall as its overall head of legal in the wake of its $66bn merger.
Marshall joined Glencore in 2005, having worked at Cadwalader Wickersham & Taft. He moved to the firm’s London office from the Sydney office of Mallesons Stephen Jacques where he had been a partner since 1984.
I was recently asked to speak on a panel debate for Georgetown Law at Freshfields Bruckhaus Deringer’s City office to discuss the big issues facing the profession. As the panel’s host, Freshfields managing partner Ted Burke, sent the speakers some outline topics and questions beforehand, I sketched out some points to help order my thoughts.
Latham & Watkins has recruited high-profile Norton Rose derivatives and structured finance partner Dean Naumowicz as the US giant makes its third senior City hire of the year.
The Cabinet Office and the Office of the Parliamentary Counsel have published a very interesting report criticising the complexity and quality of legislation and suggesting a much greater willingness to do something about it through an initiative dubbed Good Law.
This section gives a flavour:
