In-house lawyers believe smaller law firms are more innovative and provide a better service but often lack the means to source them for projects, new research reveals. Business services matchmaker Globality commissioned a survey of 300 general counsel at $1bn-plus annual revenue companies. It found that larger firms have an advantage when networking and most firms are hired on the basis of personal connections. However, corporate counsel are three times more dissatisfied with larger firms with high costs being a particular bugbear. They are, however, excited by technologies for sourcing and/or communicating with legal providers outside of their immediate networks.
18 January 2018
Smaller is better, according to GC survey
MOVERS & SHAKERS
Clyde & Co—Suriya Ashok
Clyde Co strengthens energy transition and construction offering with hire of Suriya Ashok
Jurit—Nicole Gallop Mildon
Jurit appoints rare dual-qualified lawyer to expand Anglo-French private wealth expertise
Twenty Essex—Thomas Hibbs, Jack Hollingworth & Sam Pearce
Three new tenants join Twenty Essex
NEWS
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’
Safety fears do not automatically justify shutting an interested person out of a statutory will application
Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
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