Partners confident of improving business nous
City lawyers' commercial awareness has come along in leaps and bounds in recent years, according to a survey of senior partners, with three out of four respondents rating the profession's business nous as 'good' or 'excellent'.The latest Legal Week Big Question poll found 54% of respondents rated partners' commercial awareness at top 50 UK law firms as 'good', while 21% had it down as 'excellent'. A further 20% rated partners as 'OK' while only 5% viewed commercial knowledge as 'poor'.
April 29, 2009 at 09:18 PM
4 minute read
City lawyers believe they are increasingly delivering on their claims of commercial awareness, but partners are still slow to embrace risk-sharing fee deals with clients. Alex Aldridge reports
City lawyers' commercial awareness has come along in leaps and bounds in recent years, according to a survey of senior partners, with three out of four respondents rating the profession's business nous as 'good' or 'excellent'.
The latest Legal Week Big Question poll found 54% of respondents rated partners' commercial awareness at top 50 UK law firms as 'good', while 21% had it down as 'excellent'. A further 20% rated partners as 'OK' while only 5% viewed commercial knowledge as 'poor'.
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