*According to a leading legal journalist who has gossiped and drunk with many Drinking with managing partners can be a challenging pursuit, even for a legal editor like Alex Novarese of Legal Business. But it does help provide some interesting and perhaps more honest appraisal of where the legal industry is going after the upheavals […]
What Makes A Great Managing Partner in a Law Firm?* Read More »
O’Neill Patient Solicitors to offer expansion help or an exit route to other legal firms One of the UK’s leading conveyancing solicitors, O’Neill Patient LLP (ONP) is prepared to provide help or an exit route to other legal firms. Following its purchase of South East based Cavendish Legal Group, which completed in June, it has
The coronavirus pandemic and lockdown has changed the way we all live, but for law firms it has also served to accelerate many three years into the future, according one consultant. Firms are being forced to make ‘next-generation’ changes that will give them a competitive edge, says UK Crowe business advisory partner Ross Prince. Law
Debra Pickett* The tremendous economic uncertainty emerging in the wake of COVID-19 is forcing law firm leaders to contend with challenges they’ve never faced before. People are scared, and for good reason. Given the enormous financial pressure firms feel, it’s understandable that leaders may opt to push diversity and inclusion efforts to the back burner
Law firms face four key diversity challenges but there are creative ways to meet them
4 Common Diversity Challenges Faced by Law Firms and the Creative Solutions They Need Read More »
Tanking stock markets, masked citizens across the globe, self- or imposed- isolation moves and more . . but how are law firms handling the global coronavirus? Most firms are taking steps involving the postponement or cancellation of events and deferring or cancelling international travel as the virus spreads across the globe. Orricks for instanced also
Masking Up: How Are Law Firms Handling Coronavirus? Read More »
The law profession’s ‘record’ of mental health issues is worse than any other profession by a staggering margin. A recent American Bar Association Survey showed that lawyers – in the US at least and the figures in similar Western jurisdictions are unlikely to be much different – are 3.6 times more likely to experience a
BrightFlag – Hourly billing has been the dominant financial model for the legal profession for generations. But more and more in-house legal teams are exploring the potential of alternative fee arrangements (AFAs) when engaging outside counsel. Why? Well, for starters: Hourly billing models (implicitly and/or explicitly) incentivize law firms to increase the time, staff, and
Alternative Fee Arrangements for Lawyers – Explained Read More »
Kingsley Napley – Just before Christmas, the High Court ruled on a dispute regarding the expulsion of a partner from one of the Big Four under the firm’s 2017 LLP Agreement (LLPA). The case Joseph v Deloitte NSE LLP concerned a challenge from David Joseph, a Swiss-based partner at Deloitte, to a decision by the firm to
Partner expulsion case offers lessons to LLP firms and their partners Read More »
Washington D.C. is the latest jurisdiction to look at whether the rules surrounding law firm ownership should be changed. Bloombergs report that DC’s bar is to look at alternatives to the present law firm ownership rules, saying it will look at the evolving legal service delivery models, which includes non-lawyer ownership of law firms. Bar
