Feb
25
UK Law firms to review hourly fee system
February 25, 2008 | Leave a Comment
The FT reports that the
UK law firms are being pushed to reform hourly fee system which is coming under pressure from clients complaining of high fees at a time of soaring legal industry profits.
Many of the top firms are starting to offer alternatives to hourly rates and making more use of cost-cutting business practices, such as putting services [...]
Jan
20
Trainee Retention
January 20, 2008 | Leave a Comment
Results just published are showing that trainee retention rates across the UK’s elite legal profession are holding steady, with many firms keeping hold of more than 90% of their intake despite a sharp dip in City lawyers’ overall business confidence.
Legal Week reports that:
The results come despite business confidence among the UK’s top lawyers recently faltering, [...]
Jan
4
Work Life Balance in 2008
January 4, 2008 | Leave a Comment
The work-life balance of the UK’s lawyers has come under scrutiny as part of a Law Society review to see why record numbers appear to be leaving the profession.
Some say the popular belief that the life of a City lawyer is all about big bonuses, expensive holidays and flowing champagne is misguided and, in fact, the [...]
Dec
14
Alternative Career Paths - Freshfields Bruckhaus Deringer
December 14, 2007 | Leave a Comment
Legal Week reports that Freshfields Bruckhaus Deringer UK corporate head Tim Jones has vowed to put alternative career paths at the top of his agenda in his new role as head of the firm’s London management group.
Career management is one of a number of projects Jones has singled out for attention since taking over from [...]
May
30
Freshfields break £1m PEP
May 30, 2007 | Leave a Comment
Legal Week reports that Freshfields Bruckhaus Deringer has broken the £1m profits per equity partner (PEP) figure for the first time, while turnover at the magic circle firm stands just short of £1bn.
Provisional figures from the magic circle firm show PEP is up 25% from the £830,000 mark last year, with each of the firm’s [...]
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