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
Gateley Legal—Jack Kelly
Gateley Legal expands Midlands residential development team
Gibson Dunn—Richard Surtees
Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees
Laytons ETL—Alec Cameron
Laytons ETL appoints new partner and head of intellectual property disputes
NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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