Slaughters and Linklaters lauded as City's best-run firms as partners chase leadership dividend
Nine out of 10 senior lawyers view leadership as key to success while DLA Piper's recruitment of former Linklaters head Tony Angel wins widespread backing. Simon Petersen reports
November 16, 2011 at 07:03 PM
4 minute read
Nine out of 10 senior lawyers view leadership as key to success while DLA Piper's recruitment of former Linklaters head Tony Angel wins widespread backing. Simon Petersen reports
Linklaters and Slaughter and May have been named the two best-managed major law firms in the UK, according to the views of the firms' peers.
The latest Big Question poll cited the duo as having the best management among the top 20 largest firms in the UK, with 36% of respondents citing Slaughters as the best managed firm, against 31% for Linklaters.
The next highest rated were Freshfields Bruckhaus Deringer, with 22% of the vote, and Allen & Overy, with 17%. Rounding out the top five were Clifford Chance and DLA Piper, with 12% of the vote each. The poll, which garnered responses from more than 130 partners, asked respondents to nominate their two choices for best-managed firms within the top 20.
Slaughters' leading position comes despite – or perhaps because of – the firm's famously light-touch approach to management. Slaughters practice partner Paul Olney (pictured) commented: "We are not a firm that believes in top-down central management. All partners take individual responsibility for developing their practice and building their client base, so the role of management here is to support partners, to provide them with the back up and infrastructure they need and, from time to time, to suggest how we can do better or improve our service to clients."
Pinsent Masons arbitration head Mark Roe said: "It is a question of from which position you start. A firm like Slaughter and May is in a very good position with an excellent brand – a much easier firm to manage than some where the direction of travel is not immediately obvious."
Norton Rose deputy managing partner Tim Marsden commented: "What makes for good law firm management is to be in tune with your abilities. Firms like Slaughter and May and Linklaters have good management for their firms, but would not be so good for management here. We have very different models. A managing partner like [Norton Rose chief executive] Peter Martyr is very much in tune with the abilities of our firm, which is to be very international."
The poll also found that partners overwhelmingly see the importance of management at commercial law firms, with well over half of partners (57%) saying strong leadership was 'crucial', while a further 36% rated it as 'very important'.
Partners were also widely supportive of DLA Piper's move to recruit former Linklaters managing partner Tony Angel to a senior management role – a highly unusual hire into a top-level executive role in legal services. More than half of respondents (64%) said the move was a 'good' or 'very good' idea while 23% had 'mixed feelings'. Only 13% were negative about the appointment.
DLA Piper managing director Andrew Darwin commented: "It is crucially important to have strong leadership in a law firm. It is not enough to have just vision anymore; you have to have the trust of your partners and the ability to execute. Good leaders lead by influence, through their actions rather than just words."
Many partners believed that there had been notable improvements in the quality of management in the legal industry over the last five years, with 50% stating it has improved at their own firm against only 19% who believed it had declined.
Partners were generally well disposed to their own firm's leadership, with 54% rating their firm's management strongly, including 19% who believed it was 'excellent'. Twenty-nine percent though it was either 'poor' or 'could be better'.
The research also found relatively high levels of interest in leadership roles within the law – a contrast to the stereotypical view that partners purposely try to avoid management in favour of client work. Asked whether they would consider a senior management role at their law firm, 26% said 'absolutely', with a further 34% responding 'probably, yes'. Only 9% were set against such a role.
Pinsents' Roe added: "Most lawyers do not recognise how hard being in management really is, both mentally and physically."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'Almost Impossible'?: Squire Challenge to Sanctions Spotlights Difficulty of Getting Off Administration's List
4 minute read'Never Been More Dynamic': US Law Firm Leaders Reflect on 2024 and Expectations Next Year
7 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250