Press
This page archives a selection of Press mentioning, quoting or regarding Jomati Consultants LLP.
Interview: Tony Williams
'It was great for two years, then unmitigated hell'
Having weathered the Enron fallout, led Clifford Chance and bounced from Hong Kong to Russia, Tony Williams has decided to take the advice he has given so many and recognise his sell-by date, he tells Catherine Baksi
'Now is the time for law firms to deliver on their stated values'
Consultant Tony Williams advises law firm leaders to avoid knee jerk decisions and go into communication overdrive during the Covid-19 crisis
The Legal Sector in Wales – A Rapid Review
Jomati acted for the Welsh Government on the preparation of a review of the Welsh legal sector, see press release at: https://gov.wales/written-statement-publication-rapid-review-legal-sector
Law Firms Uneasy as the Big Four Make Their Big Push in Asia
The giant accounting firms are rapidly expanding their legal services offerings in key areas of the world's largest continent. Will they wrest valuable work from global law firms?
Why big US law firms are on a UK hiring spree
British lawyers are jumping ship — but the magic circle is fighting back
Top firms stand by gender pay carve-out
Top firms have defended their decision to exclude partners from mandatory data on gender pay gaps amid mounting concern that the policy renders reports on many major City employers meaningless.
Legal and accountancy businesses generate £15.5bn for UK Treasury
Legal and accountancy businesses and their workers generated £15.5bn in taxes last year, according to a report that illustrates the scale of the combined sector’s role in the UK economy.
Pound's Brexit Slump Boosts Earnings at Big London Law Firms
A year after the U.K. voted to leave the European Union, London’s biggest law firms are benefiting from the weaker pound as they hunt for growth overseas.
Consultants Follow Law Firms' Footsteps With Transatlantic Deal
At least some law firms thought it was natural that Florida-based Hildebrandt Consulting and London-based Jomati Consultants would join forces.
UK legal megamerger highlights drive for consolidation
CMS, Nabarro and Olswang firms combine to fight off increasing competition
Are we about to see more UK-US law firm mergers?
International mergers involving high-flying UK law firms may set the legal pulse racing, but will we witness a new rush to join forces?
Law firm KWM to appoint administrators for European arm
Group ran into problems following pioneering merger that created it three years ago.
Brexit uncertainty likely to weigh on top UK law firms’ profits
Vote set to increase pressure on firms already hit by falling profit margins.
Tony Williams—SRA Board
Solicitors Regulation Authority’s Board welcomes new member.
Barclays wins case over loans to law firm partners
Barclays has won a High Court lawsuit against a leading US entertainment lawyer relating to the collapse of law firm Dewey & LeBoeuf.
'Running faster to stand still' - why the UK top 50 are struggling to boost the bottom line
In this video, Legal Week editor Georgina Stanley discusses the Legal Week UK Top 50 financial results with former Clifford Chance managing partner Tony Williams, of consultants Jomati.
Elite UK law firms lose market share to US rivals
Elite UK law firms are losing market share to their US rivals, which have been expanding aggressively in London on the back of US corporate deals, research shows.
Business of law: Local knowledge gives a lead over foreign rivals
If in the past decade the Asia-Pacific region was dominated by UK and US law firms seeking rapid expansion, the past year may have marked a turning point where locally grown companies have finally started to lead the charge in innovative growth.
No vote still leaves some uncertainty for lawyers to profit from
There was one professional constituency that was always going to do well whatever the outcome of the vote : lawyers.
Banking Regulation, Deal Work Spur Growth at London Law Firms
London’s most successful law firms saw revenue increase in the last year as banking regulation and mergers fueled some of the strongest growth since the 2008 financial crisis.
Elite UK law firms outpace rest of legal market
The “magic circle”, the elite cadre of firms with headquarters in London and a large international client base, have reported record rises in revenue for the 2013-14 financial year, with profitability up at least 6 per cent across the board.
When it vereins, it pours
The recent wave of giant legal mergers has yet to produce financial rewards.
Tony Williams named on NLJ list of 50 Business of Law Trailblazers & Pioneers
Legal management consultancy, Jomati Consultants LLP, is proud to announce that its Principal, Tony Williams, has been named on the National Law Journal’s (NLJ) inaugural list of 50 Business of Law Trailblazers & Pioneers.
America’s legal industry The case against clones
Jacoby & Meyers is trying to win changes to the rules of America’s legal industry. If successful, the suit would allow non-lawyer investors to put money in a law firm.
Interest in ABS conversion is “higher than expected”
Nearly 400 firms have formally expressed interest in converting to alternative business structure (ABS) status in the first year. The Solicitors Regulation Authority (SRA) began accepting applications last January—an event likened to the “big bang” in the financial industry in the 1980s.
Queen salutes Enterprise Award winners at Buckingham Palace
ENTREPRENEURIAL awards season is upon us again. At the Queen’s Awards for Enterprise at Buckingham Palace earlier this week, The Queen and the Duke of Edinburgh congratulated representatives of the 209 winners in the palace’s ballroom.
Law Firms Split Over Nonlawyer Investors
The legal profession's notion that law isn't a commercial enterprise may come as a surprise, since some lawyers now charge more than $1,000 an hour.
NY bar vetoes outside investors in law firms
New York-based lawyers have been banned from joining a new breed of law firm that allows external investors in a move that could deal a blow to international firms considering third-party capital.
Psst, wanna buy a law firm?
Non-lawyers can now own law firms in Britain. Where’s next? LAWYERS have long considered themselves a breed apart: highly educated professionals, not dim-witted businessmen who think a “whereas” is a man who turns into a small member of the horse family when the moon is full. Many countries bar business types from owning even a bit (much less all) of a law firm. But in Britain, that law changed in October.
Allen & Overy leads lawyers’ scramble for Africa
“Allen & Overy has become the first of Britain’s so-called “magic circle” law firms to open an office in Africa after launching in Morocco. The London-based firm has pipped to the post its rival, Clifford Chance, in establishing a presence in the north African country after hiring two lawyers from the Casablancan office of French firm Gide Loyrette Nouel...”
Magic circle UK law firms go east
“There was a time in the not-too-distant past when law firms were posting profit rises of more than 30 per cent year after year. That would make this year’s results – where the highest growth in profit among the four magic circle firms was 10 per cent at Clifford Chance – look lacklustre...”
Beyond the magic circle
“Law firms are pursuing a dual-track strategy of expansion: building their presence in traditional markets such as London and New York but also looking to new markets as clients demand, such as China, Canada, Australia and even Iraq...”
Jomati hires ex-Links global business boss
Former Linklaters global business manager Jenny Jones has joined Jomati Consultants, the legal consultancy fronted by former Clifford Chance managing partner Tony Williams.
Jones worked for seven years at the magic circle firm, where she gained extensive experience in pricing strategies as well as other economic issues with an impact on law firms.
She has also worked as an independent consultant, advising international and domestic firms. The latest hire follows the arrival of head of research Richard Tromans in October 2009.
Creating growth: innovation in law firms as the springboard for recovery
Click here to listen to Tony Williams speaking at the 'Legal Breakfast' Law Society discussion.
The Lawyer Hall of Fame
Tony Williams was managing partner of Clifford Chance in the second half of the last decade, but he did himself proud with Andersen Legal in the UK from 1999 to 2001. He gave the accountancy-tied firm City credentials, but his real achievement was in a crisis. When Andersen's associated law firm was collapsing after Enron, Williams spent his last remaining months trying to find new homes for his lawyers - all the while with the threat of the Enron litigation over his head and having been abandoned by the Andersen UK management. Williams was one of the few to emerge from the debacle with any credit. Since then he has had a highly influential role behind the scenes as a management consultant to law firms.
BBC Radio 5 Live Weekend Business interview with Jeff Randall
Click here to listen to Tony Williams on Radio 5 Live discussing 'Pressure in the City'.
Life after Andersen
There is life after Andersen Legal. Tony Williams, the former Andersen Legal worldwide managing partner, and ex-managing partner of Clifford Chance, has announced that he is setting up his own legal management consultancy.
The venture is to be called Jomati, and “aims to provide firms with practical advice on planning, developing, testing and implementing their overall business strategies”. The new consultancy will be London- based, but intends to operate on an international basis.
