The risk of key staff being poached by rivals, taking major clients with them, now poses a “significant threat” to City law firms, according to new research by Thomson Reuters Legal. A third of top 100 UK law firm finance directors see it as a major risk to profitability. Thomson Reuters’ Samantha Steer says: “The spectre of star lawyers or whole teams defecting to rivals is starting to stalk City firms once again. Team defections can also tend to lead to faster pay inflation for lawyers across the firms concerned.”
16 April 2015
"Significant threat" of poaching key legal staff
MOVERS & SHAKERS
NLJ Career Profile: John McElroy, London Solicitors Litigation Association
From first-generation student to trailblazing president of the London Solicitors Litigation Association, John McElroy of Fieldfisher reflects on resilience, identity and the power of bringing your whole self to the law
Clarke Willmott—Elaine Field
Planning and environment team expands with partner hire in Manchester
Birketts—Barbara Hamilton-Bruce
Firm appoints chief operating officer to strengthen leadership team
NEWS
A landmark Supreme Court ruling has underscored the sweeping reach of UK sanctions. In NLJ this week, Brónagh Adams and Harriet Campbell of Penningtons Manches Cooper say the regime is a ‘blunt instrument’ requiring only a factual, not causal, link to restricted goods
Fraud claims are surging, with England and Wales increasingly the forum of choice for global disputes. Writing in NLJ this week, Jon Felce of Cooke, Young & Keidan reports claims have risen sharply, with fraud now a major share of litigation and costing billions worldwide
Litigators digesting Mazur are being urged to tighten oversight and compliance. In his latest 'Insider' column for NLJ this week, Professor Dominic Regan of City Law School provides a cut out and keep guide to the ruling’s core test: whether an unauthorised individual is ‘in truth acting on behalf of the authorised individual’
Conflicting county court rulings have left landlords uncertain over whether they can force entry after tenants refuse access. In this week's NLJ, Edward Blakeney and Ashpen Rajah of Falcon Chambers outline a split: some judges permit it under CPR 70.2A, others insist only Parliament can authorise such powers
A wave of scandals has reignited debate over misconduct in public office, criticised as unclear and inconsistently applied. Writing in NLJ this week, Alice Lepeuple of WilmerHale says the offence’s ‘vagueness, overbreadth & inconsistent deployment’ have undermined confidence
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