Legal Feeds Blog
Monday, 16 April 2012 12:46
Oslers tops for Canadian law firm brands: survey
Osler Hoskin & Harcourt LLP ranks as the top Canadian law firm brand, according to a new survey by legal market research firm Acritas.
While Oslers didn’t rank as highly for unprompted brand awareness, it did score first when it came to questions around which firms general counsel favour, the most used, and the most likely candidates for top-level work.
“Overall, Osler was not first for unprompted brand awareness. That was actually McCarthy,” says Elizabeth Duffy, vice president of Acritas US Inc.
Acritas carried out the survey by asking 250 Canadian-based general counsel which law firms come first to mind; which they most favour; and which they’ll consider when it comes to top-level mergers-and-acquisitions work, bet-the-company litigation, and high-value files. It also asked 302 general counsel elsewhere which Canadians firms they’d mostly likely use for their legal needs here.
The survey shows, among other things, that bigger isn’t necessarily better. On this score, it gave the example of Torys LLP. “The firm sits in third place on the index, but despite its smaller (in relative terms) size and not being one of the top choices for international buyers, it still has a stronger brand than other larger firms,” Acritas noted in announcing the survey results.
In addition, the survey noted the trend of business clients seeking greater value from their law firms, an issue Duffy says doesn’t always relate to price. “Clients are not price-sensitive but they are value-sensitive. It’s less so much about dollar amounts and what they feel they’re getting for it.”
The value equation, according to Duffy, comes down in part to communication and relationships. As a result, law firms need to ensure they tailor the work they do to the business context and involve the client in decisions, she says.
Another trend identified by Acritas is the shift in work to second-tier law firms. In response to the economic downturn and tightening budgets, “we are seeing a shift across the global legal market as clients use top tier firms less for high value work overall,” Acritas noted. “Instead, they are thinking more carefully about which firm will provide the appropriate quality for the right price. What is true of the global legal market also stands for the Canadian market.”
According to Duffy, that means companies aren’t necessarily using the top-paid legal specialists for all of their needs. “They’re looking at the context of each piece of work,” she says, a trend accentuated by the increased choices available as more global law firms pop up.
While Oslers didn’t rank as highly for unprompted brand awareness, it did score first when it came to questions around which firms general counsel favour, the most used, and the most likely candidates for top-level work.
“Overall, Osler was not first for unprompted brand awareness. That was actually McCarthy,” says Elizabeth Duffy, vice president of Acritas US Inc.
Acritas carried out the survey by asking 250 Canadian-based general counsel which law firms come first to mind; which they most favour; and which they’ll consider when it comes to top-level mergers-and-acquisitions work, bet-the-company litigation, and high-value files. It also asked 302 general counsel elsewhere which Canadians firms they’d mostly likely use for their legal needs here.
The survey shows, among other things, that bigger isn’t necessarily better. On this score, it gave the example of Torys LLP. “The firm sits in third place on the index, but despite its smaller (in relative terms) size and not being one of the top choices for international buyers, it still has a stronger brand than other larger firms,” Acritas noted in announcing the survey results.
In addition, the survey noted the trend of business clients seeking greater value from their law firms, an issue Duffy says doesn’t always relate to price. “Clients are not price-sensitive but they are value-sensitive. It’s less so much about dollar amounts and what they feel they’re getting for it.”
The value equation, according to Duffy, comes down in part to communication and relationships. As a result, law firms need to ensure they tailor the work they do to the business context and involve the client in decisions, she says.
Another trend identified by Acritas is the shift in work to second-tier law firms. In response to the economic downturn and tightening budgets, “we are seeing a shift across the global legal market as clients use top tier firms less for high value work overall,” Acritas noted. “Instead, they are thinking more carefully about which firm will provide the appropriate quality for the right price. What is true of the global legal market also stands for the Canadian market.”
According to Duffy, that means companies aren’t necessarily using the top-paid legal specialists for all of their needs. “They’re looking at the context of each piece of work,” she says, a trend accentuated by the increased choices available as more global law firms pop up.
Monday, 16 April 2012 10:39
News roundup — April 16, 2012
Canada
Lawyers for accused to testify in Nortel trial, The Globe and Mail
Ont. woman charged with sister-in-law's murder, CBC News
Feds ask Iran to release Canadian on death row, Toronto Star
United States
Top court to hear copyright law case, Reuters
Supreme Court upholds ex-Enron chief's conviction, Reuters
International
Norway gunman pleads not guilty, Reuters
4 Turkish generals awaiting trial jailed over 1997 coup, Reuters
Lawyers for accused to testify in Nortel trial, The Globe and Mail
Ont. woman charged with sister-in-law's murder, CBC News
Feds ask Iran to release Canadian on death row, Toronto Star
United States
Top court to hear copyright law case, Reuters
Supreme Court upholds ex-Enron chief's conviction, Reuters
International
Norway gunman pleads not guilty, Reuters
4 Turkish generals awaiting trial jailed over 1997 coup, Reuters
Monday, 16 April 2012 09:38
This week at the SCC
April 16 — Quebec — R. v. Carmelo Venneri
Criminal law: Carmelo Venneri and two others were convicted of trafficking drugs for a criminal organization. The majority of the Court of Appeal allowed Venneri’s appeal in part and found him not guilty on several of the charges.
April 17 — Federal Court — Cogeco Cable Inc. v. Bell Media Inc. (formerly CTV Globemedia Inc.), V Interactions Inc., Newfoundland Broadcasting Co. Ltd.
Administrative law: The Canadian Radio Television and Telecommunications Commission is seeking to impose a “value for signal” regime to allow a private local TV station to negotiate with cable TV service providers for the right to retransmit its signals. The CRTC argued the existing model doesn’t reflect recent changes to the broadcasting business environment so it asked the Federal Court of Appeal if it has the jurisdiction to impose this regime under the Broadcasting Act. The judges were unable to reach a consensus.
April 18 — Federal Court — Teva Canada Ltd. v. Pfizer Canada Inc.
Property law: This case relates to a patent dispute. Pfizer received a patent for compounds used in the manufacturing of Viagra. Teva applied for a notice of compliance to produce a generic version of Viagra, claiming the patent was invalid. The Federal Court judge ruled against Teva. The Federal Court of Appeal then dismissed the appeal. There is a sealing order in the case.
April 19 — Quebec — R. v. Suganthini Mayuran
Criminal law: Suganthini Mayuran was convicted of the second-degree murder of her sister-in-law. The majority of the Court of Appeal allowed her appeal and ordered a new trial because the trial judge failed to bring the defence of provocation to the jury’s attention.
At 9:45 a.m. on April 18, the SCC will also release its rulings in the following appeals, which all involve the law of jurisdiction:
1. Club Resorts Ltd. v. Anna Charron (Ont.) (Civil)
2. Club Resorts Ltd. v. Morgan Van Breda (Ont.) (Civil)
3. Richard C. Breeden v. Conrad Black (Ont.) (Civil)
4. Les éditions Écosociété Inc. v. Banro Corp. (Ont.) (Civil)
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