As law firm revenues and profits continue to reach new heights so do the buildings which house their industrious lawyers, most especially in London. The scope and scale of this vaulting ambition can be measured by the architectural majesty of their newly opened offices, or those which they soon plan to occupy. In a competitive […]
Recession, what recession? It may not have landed yet, but there is one on the way. Nearly a decade has passed since the Great Recession in the US, which lasted from December 2007, when the $8trn housing bubble burst, to June 2009.
Starting out at one of London’s leading commercial law firms, everyone knows that the working life of young lawyers is hard: long hours are par for the course. Walk through the City at 10pm at night and you can see some of them ensconced in steel and glass towers, still hunched over their desks, staring […]
It’s been another good year for international law firms. According to the latest figures published by the American Lawyer, the aggregate revenue for the Global 100 increased by 6.4% in 2017, compared to 2.8% and 3.1%, respectively, for the two previous years. The top 100 grossing law firms, of which 81 are US-based and 13 […]
Most law firms are specialist retailers: they sell only one service. No matter how excellent the quality, any reduction in demand leaves them potentially vulnerable. The most successful deliver not only the best quality service to their clients, but they also understand how their business operates. This helps to maintain existing clients and to win […]