Very interesting report in Legal Week (UK) saying that some of London’s bigger firms are looking to hire teams of contract lawyers to manage specific matters and deals..
Legal Week reports
Leading City firms in talks to bring in teams of contract lawyers
Firms in talks to use contract pool; A&O mulls using alumni
Several leading City firms are considering using contract lawyers as part of a venture by a new business to create a vetted pool of temporary lawyers to support major practices.
Firms including Freshfields Bruckhaus Deringer, Travers Smith and a number of US firms in London are interested in bringing in contract lawyers for individual pieces of work – a model rarely used in the UK but well-established in the US.
Recruiter John Cullen has held conversations with the firms above, as well as a number of firms in the top 50, about the new service ‘itsmylaw’, which will formally launch in the new year.
He has pulled together a pool of some 25 lawyers, including former general counsel and partners as well as more junior lawyers, who can be hired by for particular deals or cases.
The unusal venture echoes the established US practice of regularly using contract lawyers on specific mandates. The move …….
?
Full report at http://www.legalweek.com/legal-week/news/1560094/leading-city-firms-talks-bring-teams-contract-lawyers
