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May 2008 Archives
US results 2007: high growth, high anxiety
1/05/2008
Here’s a telling story regarding the ambiguous mood in the outwardly-robust US legal market.At the time its well-received union was being finalised during late summer 2007, Dewey Ballantine and LeBoeuf Lamb Greene & MacRae were predicting profit distributions to partners...Big four integration has legs for legal
9/05/2008
For years law firms have justified operating in networks or within firms branded as a single entity by using separate partnerships by pointing to the big four accountants. The argument goes that the audit giants operate what are seen to...Slaughters’ best friends – lots of necessity, not so much virtue
13/05/2008
There is an interesting piece from the always good–value Dominic Carman, writing in this month’s Legal Business, built around a meeting with Slaughter and May’s best friends alliance of European firms. But if Slaughters hoped the piece would extol the...Last orders for QC?
16/05/2008
It’s easy to score cheap points off the arcane practices of the Bar but, glancing at news of the fast-shrinking application numbers in this year’s silk round, I won’t let that stop me.The figures released today (16 May) show that...Results 2008: fighting fit ahead of battle
19/05/2008
So when is the crunch going to show up in law firms’ financial performance?Conventional wisdom has it that there’s a significant lag between the economic cycle turning and a worsening of law firms’ financials. The theory is that law firms...Partnership 2008: supersize vs size zero
22/05/2008
When you produce a piece of research covering 47 law firms and comprising more than 600 numbers there are, unsurprisingly, quite a few ways to work the data. So glancing over Legal Week’s breakdown of the 2008 partnership round at...Countdown to this year’s Global 100: the UK members
23/05/2008
Later this year Legal Week and The American Lawyer will be joining forces to produce the Global 100 the definitive ranking and analysis of the world’s largest and most influential law firms.As a warm-up, Richard Lloyd puts the early financial...Global 100 countdown: CC outstrips Skadden by half a billion
30/05/2008
Clifford Chance (CC), the world’s largest law firm barring a market-shattering performance from Linklaters, announced its revenues for the last financial year this week, with the top line hitting £1.329bn, up 11% on last year. CC also reported healthy growth...