Following its acquisition of Cobbetts, DWF has laid off 38 staff from its central services support team following a consultation which ended last Friday (22 March). DWF initially placed 140 staff under redundancy risk but 83 have now been placed into roles and 21 are still in the selection process. The firm said the move …
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In a Tel Aviv conference in June this year, DLA Piper, White & Case, Freshfields Bruckhaus Deringer and Weil, Gotshal & Manges will rub shoulders with Israel’s legal elite in discussing the liberalisation and internationalisation of the country’s legal market. The conference, hosted by the Tel Aviv District Israel Bar Association and legal marketing and …
International wealth preservation and succession planning is now a core component of most successful private client practices. Legal Business assesses how far firms will go to keep it in the family If innovation is a measure of how competitive London’s private client market has become, then the contest for top spot has only intensified over …
Our Management Partner of the Year, Bill Drummond, begins his fifteenth year running Brodies in May. We track his firm’s success amid a turbulent Scots market and ask if Brodies’ rise signals the decline of the country’s traditional elite Bill Drummond wore his trade mark kilt as he stepped up to be named Management Partner …
Outspoken, opinionated and often right, K&L Gates head Peter Kalis has made financial transparency his latest mission. Legal Business talks to the Rhodes Scholar who runs a $1bn firm yet still can’t fit into the US legal establishment ‘I was embarrassed to be in the same profession as Dewey & LeBoeuf,’ states Peter Kalis, not …
In most markets, it wouldn’t qualify as news but in the conservative Swiss legal community, the creation last April of Meyerlustenberger Lachenal via a merger between Zürich’s meyerlustenberger and Geneva’s Lachenal & Le Fort is still making waves. Currently listed as one of the largest law firms in Switzerland, it is present in Zug, Lausanne …
The ravages of the global recession and the European sovereign debt crisis have threatened to turn the long boom law firms have enjoyed into a painful bust. But Europe’s resilient full-service firms are weathering the storm, and many are finding that economic turmoil is bringing opportunities as well as challenges. In law’s long boom years, …
While the end of the assigned risks pool may encourage more insurers into the market, professional indemnity insurance for law firms is as competitively priced as ever. As law firms experience constant pressure to rein in costs, the pricing of professional indemnity insurance (PII) is high on the agenda. As PII is typically law firms’ …
Continue reading “Risk management and professional indemnity survey 2013: Counting the Cost”
New reporting requirements under the SRA’s outcomes-focused regulations have put additional pressure on risk teams’ resources but finding the right individuals for the new COLP and COFA roles has been the top priority. Risk teams have been pulled in many directions in the last few years but top of their agenda throughout 2012 was going …
Continue reading “Risk management and professional indemnity survey 2013: Finding the Balance”
Despite renewed focus on outcomes-focused regulation, IT security and conflicts remain the key threats keeping risk teams awake at night. This section of the report analyses the likely impact of various risk scenarios on law firms and the likelihood of those situations occurring. Typically those situations that potentially have the most serious impact on a …
Continue reading “Risk management and professional indemnity survey 2013: Same Old Fears”
