Tougher operating conditions means law firm leaders may need to rethink their partner performance evaluation process, writes Moray McLaren
Law firms worldwide are reevaluating partner remuneration strategies amid rising costs and economic uncertainties, writes Moray McLaren
Pressure to do more with less is increasing focus on operational efficiency and tech
Survey of senior executives by Norton Rose Fulbright and Mergermarket points to ‘more active global M&A market’
Deal value fell 17% in 2023 to $2.9trn with volume down 6% to 55,200
Landmark research by the Legal Practice Management Association and Institute of Barristers’ Clerks found more than a quarter of Bar employees had been bullied
Growth slows to 5.6% from 12.5% in 2021, according to TheCityUK’s annual UK legal services report
Annual Bain & Company and Altagamma report says personal luxury segment is driving growth
While 46% of all senior lawyers are women, male leaders continue to dominate in law firms and corporate legal teams
Report highlights growing awareness of AI’s benefits, but flags need for regulation and disclosure
Burges Salmon tops list of firms meeting client expectations on people, planet and governance, according to Lamp House Strategy
London commercial and arbitration courts outperform rivals in New York, Hong Kong and Singapore, report finds
Law firms also lack sufficient investment in their marketing and business development teams
US firm grew African headcount 177% between 2019 and 2022, according to Africa Legal
For the first time in years, piracy levels rose in 2022, largely driven by TV shows, series, films and manga publications
Almost half of firms say attracting and retaining talent is their biggest challenge this year, according to NatWest survey
Claims involving fraud generally up since 2014 but proportion of non-UK claimants has dipped in recent years, according to new report by litigation boutique Stewarts and analytics platform Solomonic
Survey shows that more than a third of lawyers were unaware of UK regulator’s 2018 warning notice
Litigation growth also helps offset drop in transactional demand, according to Thomson Reuters
In-house counsel expect law firms to adopt cutting edge tech more than law firms think they do