‘The next revolution in the market will be clients waking up to the fact that chargeout rates go up so much each year.’ This is the prediction of one well-known partner at a leading US firm in London in the wake of another stellar performance by the Global 100, in which total revenue climbed by 6% …
Continue reading “Footing the bill – as chargeout rates spiral, will clients put their foot down?”
Almost 1,200 law firms have secured spots in the new Legal 500 UK rankings, which have been revealed after months of research into the legal markets up and down the country. The rankings, which are based on extensive analysis of the legal markets across England, Wales, Scotland and Northern Ireland, have been put together based …
Continue reading “Pinsents, CC and HSF among big winners as new Legal 500 UK rankings are revealed”
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How do your clients rate the service they receive from your firm? Every year, we ask hundreds of thousands of clients to score firms on metrics such as lawyer quality, billing, communication and expertise, as part of the Legal 500 research. As well as providing insight on each firm, this means we can also benchmark firms …
Continue reading “Rating the lawyers – what the data tells us about Clifford Chance”
Access your pdf edition of LB magazine – issue 322 Access Legal Business 322 via online pdf. The customer is always right – which firms do clients rate most highly? The data doesn’t lie – it’s been a good year for the Global 100. 88 of the world’s largest firms posted revenue increases last year, …
After studying law at Oxford, where I was also a choral scholar, I joined Linklaters. As a trainee, I did a seat in Hong Kong, then six months in Moscow and two years in Singapore as an associate. When I made partner, National Grid was one of my most significant clients, stemming from my time …
Freeths, Freshfields and Vodafone were among the big winners at this year’s Legal Business Awards, which were revealed to a packed house at London’s Grosvenor House Hotel. Twenty-seven prizes were handed out on the night, with the event hosted by BBC journalist, broadcaster and Mastermind host Clive Myrie and introduced by global head of research …
Continue reading “Freeths, Freshfields and Vodafone take top prizes at Legal Business Awards 2024”
Overview: G100 defy gloom to pass $150bn While last year saw the Global 100 struggling against market headwinds, this year finds firms in much ruder health. But with transactional markets yet to make a full recovery, the legal sector could not rely on big deals alone – LB reports on how the world’s largest law firms …
‘To use a mountain biking analogy: coasting downhill might be fun in the moment, but when you reach the bottom, you’re lower than where you started. Climbing uphill is a grind, but it’s what gets you further.’ Ira Coleman, McDermott As part of our Global 100 survey, top lawyers share their thoughts on the global market
‘There’s a bunch of defensive mechanisms firms are using to shore up their stars – they could be lost to Paul Weiss or some other big firm if they don’t do something,’ says one US partner of the fierce war for talent at the very top of the legal market.
