The Blog
Market Power - Law Firms in Perspective
Posted: 06 March 2015
Did you know...
Looking at Employment Law and Employee relations related services only, Peninsula is bigger than Eversheds (in the UK). Oh I know they almost never overlap, but in terms of who has the most cash to lead, transform, invigorate, reshape and generally play the Gates or Jobs role here - that's where you'd normally start. Hmmmm...
Come to that, Croner is bigger than Lewis Silkin or Freshfields by some way...
Citation is bigger than Clifford Chance or Baker McKenzie...
Ellis Whittam is every bit as punchy as a Shoosmiths or an Osborne Clarke, and probably outranks CMS Cameron McKenna now.
Irwin Mitchell are bigger than DAS, and frankly their HRPlus offering recently is more interesting by some way than the DAS Law efforts.
Some of these Big Law brands are actually quite small in UK employment law terms now - or certainly a lot smaller than you'd think. (We've totted up all their UK fee earners and fee earner sales ratios, etc to check it.)
Some interesting things are happening. Employment law for the global law firms is migrating well away from what they rather dismissively call 'day to day' employment law. It's also costing them quite heavily to do so as the deep pockets aim to ensure only the few can be chosen.
GCs are also playing a pivotal role now too here as elsewhere and HR teams within law firms are also 'sticking' much better than they ever did with the few accountancy firms who dabbled.
15 years ago I was explaining to senior partners in top 50 firms that they were missing a trick. They looked down on these 'amateurs', and dismissed them as 'quick and dirty' then. Now they seem to be looking up...
The game is over and out in the SMEs largely, but for the LME and major clients, it really is game on now, and the deeper pockets are not the law firm ones by any means.
Looking at Employment Law and Employee relations related services only, Peninsula is bigger than Eversheds (in the UK). Oh I know they almost never overlap, but in terms of who has the most cash to lead, transform, invigorate, reshape and generally play the Gates or Jobs role here - that's where you'd normally start. Hmmmm...
Come to that, Croner is bigger than Lewis Silkin or Freshfields by some way...
Citation is bigger than Clifford Chance or Baker McKenzie...
Ellis Whittam is every bit as punchy as a Shoosmiths or an Osborne Clarke, and probably outranks CMS Cameron McKenna now.
Irwin Mitchell are bigger than DAS, and frankly their HRPlus offering recently is more interesting by some way than the DAS Law efforts.
Some of these Big Law brands are actually quite small in UK employment law terms now - or certainly a lot smaller than you'd think. (We've totted up all their UK fee earners and fee earner sales ratios, etc to check it.)
Some interesting things are happening. Employment law for the global law firms is migrating well away from what they rather dismissively call 'day to day' employment law. It's also costing them quite heavily to do so as the deep pockets aim to ensure only the few can be chosen.
GCs are also playing a pivotal role now too here as elsewhere and HR teams within law firms are also 'sticking' much better than they ever did with the few accountancy firms who dabbled.
15 years ago I was explaining to senior partners in top 50 firms that they were missing a trick. They looked down on these 'amateurs', and dismissed them as 'quick and dirty' then. Now they seem to be looking up...
The game is over and out in the SMEs largely, but for the LME and major clients, it really is game on now, and the deeper pockets are not the law firm ones by any means.
Croner-CCH-WoltersKluwerUK
A global publishing conglomerate specialising in information services and software solutions for professional markets, usually lawyers and accountants.
Compliance Management Systems
Compliance Management Systems are the hidden legal services market in the UK. Analysing this £1bn market involves a detailed examination of over 300 suppliers.
Extracting the lessons from software developers, consultancies, surveyors, insurers, publishers, certification and procurement specialists, trainers and even some lawyers shows a revelatory picture.
These are the firms that clients seek out to provide specialist, usually fixed fee, often software backed, often on-site, regulatory management services. Dispute avoidance and prevention is the aim, not dispute resolution or cheaper management.
Many of the suppliers have scale, many remain independent and you will not understand this market and its opportunities by comparing a handful of metrics for a few listed companies.
The market overall is mapped with unique insights and long term financial disciplines spanning several business cycles. Projections to 2015 shows a strong recession resistant market at full steam.
Sectors are explored in detail including:
HSE Compliance Management Systems
Regulatory Consultancies
Mid-Market Employee Relations Firms
Safety Technology Developers
Food Safety
Each sector shows growth and profitability benchmarks. The scope for the market and its sectors to grow from existing profit and new business is examined. new entrants and barriers to entry are set out and compared with break even and investment horizons for start-ups explored. Leading players such as the top 10 are mapped as well as the chasing pack of the next 5 suppliers with links ot their sites or specific analysis reports for them. A summary for each sector of ?what good looks like? pulls all the benchmarks together to help with strategic planning and putting performance, planning and ambition in context.
Price: £1250 |
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