The president (Legal) & GC (Europe) of Hinduja Group discusses his in-house career.
Simon Osborne, chief executive and fellow of ICSA, outlines routes to the board for in-house lawyers.
In the first of a new series, a lawyer discusses their in-house career journey to date, the lessons they have learned, and offers practical career guidance and advice. First up is I. Stephanie Boyce, director of Create Positive Possibilities and GC to the Society of Chiropodists and Podiatrists.
Taking on non-executive directorship roles can help to challenge the stereotypes and prejudice that in-house solicitors face, Law Society seminar told.
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Demand for commercial legal advice will rise over the next 18 months, according to an annual market bellwether*, but some sectors are becoming crowded with law firm teams created to serve specific industries.
Of 180 large and SME businesses surveyed by IRN Research, most expect their demands for legal services to stay unchanged over that period. But nearly a third of large businesses and 16% of SMEs predict a rise in their use of external advice. Just 9% of large businesses and 11% of SMEs expect a fall. Most large businesses reported using more than one law firm.
IRN surveyed the websites of the top 200 law firms to guage how many have created vertical sector teams to advise different industries. Thirteen vertical sectors are listed by over 50 firms, led by real estate (101), financial services and insurance (97), and hospitality, leisure and sport (91). Another 10 sectors reach double figures.
Some vertical sectors are already becoming crowded, the report warns, with the next emergent trend a move to more niche expertise. In health, for example, niche specialties include GPs, independent hospitals and social care.
UK-based business law firms and chambers generated revenues of £15.4bn in 2017, says IRN, a 4% rise on the previous year.
*The UK Business Legal Services Market, £350
Financial Conduct Authority chief executive Andrew Bailey says Brexit has affected the watchdog's workload.
Former Matrix member was head of the Government Legal Service for eight years.
EM LawShare says six law firms' reappointment highlights its success.