This page archives a selection of Press mentioning, quoting or regarding Jomati Consultants LLP.
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.
Many congratulations to Jomati Consultants LLP and to Law Business Research, both winners of this year's Queen's Awards for Enterprise.
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.
Top 100 Lawyers
With the legal services market expected to explode over the next decade as restrictions on ownership structures and outside capital are lifted, Tony Williams, the former managing partner at Clifford Chance, is positioned as one of the City’s most sought-after backroom strategists. Williams, 51, set up Jomati Consultants in 2002 to advise law firms on issues such as financing, mergers and risk management.
After graduating from Southampton University, he trained at Turner Garrett & Co in Surrey and joined Coward Chance, as it was, in 1981. A corporate finance specialist, he worked in Hong Kong and Eastern Europe before rising to managing partner in 1997.
He left in 2000 to run the legal practice at Andersen, the consulting firm, and went out on his own once it collapsed after the Enron scandal.
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'.
Edward Fennell - In the City
SOME of us conceal our 50th birthdays but Tony Williams, former highly successful managing partner of Clifford Chance and subsequently boss of the unfortunate Andersen Legal, was fully entitled to revel in his last week.
At a Hollywood-style celebration at his Hampshire spread, Tony brought together friends and colleagues to commemorate a professional and personal landmark. Ranging from his early mentor Michael Slorick, now senior partner at Mackrell Turner Garrett through to Daniel Gowan and David Hertzell, of Davies Arnold Cooper, Dieter Yih, of Mallesons Hong Kong, David Shasha, of Simmons & Simmons, and many others (including a group of ex-Clifford Chancers) there was a full parade of supporters.
Resilience is among Williams’ greatest assets and is typified by his legal management consultancy Jomati, which expands and flourishes. Williams is also, as they say, “giving something back”. The Jomati Foundation directs at least 5% of the consultancy’s annual fee income towards funding deserving law students with “high academic achievement but low financial means” through their legal training. It’s a great initiative. For more information go to jomati.com/jomatifoundation.html.
Jomati bolsters US links
UK management consultancy Jomati moved to strengthen its US expertise this week ahead of an expected surge in transatlantic law firm mergers. The firm has sealed an alliance with US consultants Altman Weil, a matter of days after rival consultancy Hildebrandt International announced it had been acquired by US information giant The Thomson Corporation.
Tony Williams, former Clifford Chance managing partner and Jomati founder, said the alliance with Altman Weil will make the consultancy well placed to advise on forthcoming mergers between UK and US law firms. He said: ‘We saw a few transatlantic mergers last year and it is a trend that looks set to continue. The alliance means we will have a better understanding of firms and the cultural issues in each other’s markets. We will also be more on the radar screen of the US firms.’
Last year Jomati advised US firm Kirkpatrick & Lockhart on its tie-up with City firm Nicholson Graham & Jones, while Altman Weil acted for DLA on its merger with US firm Piper Rudnick Gray Cary.
Everyone wondered what Tony Williams, the former Andersen Legal worldwide managing partner and partner of Clifford Chance, would do once the dust had settled. Now we know. He is turning his unique experience to good account by setting up a legal management consultancy.
Probably no lawyer alive has experienced such a range of highs and lows, of hiring and letting gos, so he has an enormous palette of skills and insights to draw on. My only reservation is the title of his new agency, which takes the stage under the name Jomati. Ripe for mispronunciation, it is reminiscent of Accenture, the nom-de-guerre for Andersen’s former management consultants. Ex-Andersenians clearly have a penchant for the bizarre in the name game. Maybe it was something they put in their latte.
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.