As part of their investment in innovation, international law firm Simmons & Simmons has today announced the adoption of Workshare Transact as their new transaction management application. The software runs deal checklists online to create efficiency, drive productivity and improve stakeholder communication.
Thomson Reuters and Clifford Chance have expanded their recent collaboration to provide services to financial institutions who must comply with new post-trade transparency requirements as mandated by the Markets in Financial Instruments Directive II (MiFID II).
Conveyancing volumes sank by 14% to 210,964 in the second quarter of this year, according to the latest Search Acumen conveyancing market tracker, which also says ‘Despite the shrinking number of firms, the average monthly caseload per firm dropped by 13%, from 59 in the first quarter to 51 in the second – the lowest quarterly figure since the middle of 2014.’
A year of substantial investment in priority sectors (domestic and international), alternative delivery solutions and global infrastructure in order to better support and service clients; significant new client mandates secured; another year of income and margin growth.
Baker McKenzie, the leading global law firm, has announced revenues for the fiscal year ended 30 June 2017 (FY17) of $2.67 billion. In terms of constant currency, the most accurate measurement of the financial performance of any global professional services firm, Baker McKenzie's revenues were up 5% compared to previous year. In $US, the Firm's reporting currency, this translates into growth of 2.1%, highlighting the appreciation of the US dollar against most other currencies in the period.
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