►Sharplegal interviews 2,000+ GCs globally every year, including Matt Fawcett
►27% global gender pay gap for equity partners
►How Clients Perceive Law Firm Transformation & Innovation Initiatives
►30% of UK businesses likely to reduce their legal budget
►Global firm share in Canada has increased eight-fold to 25%
►Sectors – are you making or faking it?
On a recent trip from Silicon Valley, Matt Fawcett, GC of NetApp, stopped by our London office where Lisa Hart Shepherd took the opportunity to discuss in more detail his current priorities, the metrics he uses to measure his legal department, the potential threats law firms are facing and feedback on a framework to drive optimal performance.
The mean average pay for male equity partners was 27% higher than female equity partners. In reality this means a female equity partner sitting in the same practice, with the same number of years’ experience as a male equity partner will on average be paid $125K less. How are firms reacting to this issue and what can they do about it?
Last month, Jo Summers presented at the Janders Dean ‘Break The Law – Make The Law’ conference, an invite-only gathering of ‘disruptors, innovators and fire starters’ from across the legal ecosystem. The topic was a reality check for law firms and a window into the world of in-house technology and innovation, drawing on the latest results from our annual GC survey, Sharplegal.
Alongside the trend for increasing international budgets, our Sharplegal study has revealed 30% of UK businesses anticipate reducing their overall external legal budget in the next 12 months and decreasing their reliance on law firms.
As a result, this year for the first time we have been tracking the prominence of non-law firm brands competing for clients’ legal budget. In the UK, it is Thomson Reuters who claim top spot, as Jo Summers explains in this year's UK Brand Index video update.
This year’s Canada Brand Index reflects how globalization has changed the competitive landscape. In 2012, Canadian firms together held 85% of total brand equity available in the market and global firms just 3%. The Canadian firm share has dropped to 69% in this year’s Index while global firms' share has increased eight-fold to 25%, as Lizzy explains when she revealed the 2018 Canada Brand Index.
Having a sector focus has become all the rage. Our analysis of AmLaw 200 firms’ websites reveals that no fewer than 118 of them claim to have a sector or industry focus. But our research also shows that the popularity of this strategy conceals the fact that among these firms we have both 'makers' and 'fakers'...
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