Expert Analysis

• Pros And Cons Of Nonequity Partnership For English Firms

  

  With Cleary recently announcing a new nonequity partner category, it is an opportune time for firms governed by English law to examine the advantages and disadvantages of this position from the perspective of both the firm and the lawyer, says John Gould at Russell-Cooke.

• Global Law Firms: The Challenge Of Where To Do Business

  

  As the world becomes less predictable and operational risks present greater challenges, global law firms must contend with a range of pressures, yet financial considerations still drive much of the process when deciding where to plant a flag, say Bethaney Durkin and Liam McCafferty at Byfield Consultancy.

• How Partners' Role In Firm Culture Affects Pay Decisions

  

  Amid an increased regulatory focus on workplace culture, law firms are more than ever having to grapple with how they can reinforce the right partner behaviors when making decisions as to promotion or remuneration, in a way that is objective and fair, say Andrew Pavlovic and Corinne Staves at CM Murray.

• 3 Reasons For Popularity Of Pro Bono In UK, Europe BigLaw

  

  Several factors have contributed to the rise in organized pro bono work in the legal sector across the U.K. and Europe, and with large law firms looking to distinguish themselves and compete for talent, the trend seems likely to continue, says Paul Yates at Freshfields.

• UK Election Offers New Opportunity To Promote Rule Of Law

  

  With many members of Parliament entering the House of Commons for the first time following the election in July, it is a daunting time for those transitioning into elected legislators, and the input of lawyers is crucial to ensure we see evidence-driven and legally certain legislation, says Tyrone Steele at Justice.

• The Art Of Storytelling In E-Discovery, And Why It Is Important

  

  With document review accounting for a large proportion of legal costs, weaving in a storytelling approach to e-discovery alongside increasingly automated processes allows a more effective way of producing evidence that minimizes inefficiencies and ultimately achieves better outcomes, says Tiana Van Dyk at Epiq Legal Solutions.

• Tips On Preparing A Business To Navigate A Corporate Crisis

  

  The recent CrowdStrike IT issue demonstrates that while it can be difficult to predict when a crisis might hit, there are proactive steps senior executives and their legal advisers can take to be better prepared for such an eventuality and to weather the storm more effectively, says Jenny Afia at Schillings.

• How Generative AI Is Changing Legal Department Functions

  

  Generative artificial intelligence is of much greater consequence than previous legal technologies and is therefore poised to reshape legal functions, redefine the roles of legal professionals, and change how much legal work is delivered — and some key practice areas and legal activities stand to be most transformed, say members of Deloitte Legal.

• Examining The State Of Paccar Fixes After General Election

  

  Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

• PR Perspectives: Judging When To Engage With Politics

  

  Parliament's recent return from its summer break brings opportunities for legal public relations professionals to engage with political topics, and although it is less risky to say nothing, deciding to enter the conversation can reap rewards, says Ben Finnis at Greentarget.

• Opinion

  Gov't Should Offer Support To Improve Firms' Cybersecurity

  

  With an escalating sophistication and frequency of cyberattacks in law firms and businesses, there is a need to address potential threats and an opportunity to push the new government for significant legislative change to strengthen the U.K.’s cybersecurity framework, says Scott Kramer at Clio.

• What M&A Uptick Will Mean For Legal Hiring

  

  Thomson Reuters research reveals an improving macroeconomic picture of incoming interest rate cuts, and with market confidence in the new U.K. government, there is a higher corporate demand for transactional advice, leading law firms to increase their hiring in preparation for this heavier workload, says James Lavan at Buchanan Law.

• How In-House Legal Teams Can Improve Their Reputation

  

  In-house legal teams, long believed to create unnecessary hurdles, can reframe themselves as integral business partners by embedding best practices in governance and compliance, engaging directly with key stakeholders and fostering relationships with colleagues, says Sarah Davis at The Legal Director.

• Why A Robust Brand Is Increasingly Important For Law Firms

  

  The benefits of a brand are not always viewed as quantifiable, but the legal sector is realizing the tangible benefits and important function of a strong brand, and can take steps to capitalize on this significant value-adding asset, say Daniela Conte at Gibson Dunn, Ben Girdlestone at Byfield and Leor Franks at Kingsley Napley.

• SRA Review Could Bring Shift In Handling Legal Client Funds

  

  Recent high-profile cases of breaches of fund-handling rules, and an ongoing Solicitors Regulation Authority review, challenge a long-standing culture of law firms dealing with client funds in-house, and firms may need to opt for other business models to enhance consumer protection, says Claire Van Der Zant at Shieldpay.