Why a promotion could add years to your life expectancy
One of the world’s largest insurance companies is to enter the legal services space in 2016 with a business focussing on the cost of lawyers. AIG, which has more than 88 million customers in 130 countries, will launch The Legal Operations Company in January to provide data-driven legal consultancy to in-house legal teams to help them achieve more competitive pricing and become more efficient. It will use its own data and 80 legal specialists across its global business. Bloomberg reports that the new firm will share analytics based on its own annual US$2 billion legal spend which it spreads across 1,500 law firms.
International law firm expands capabilities
Wragge Lawrence Graham & Co is expanding its international operations with a new real estate practice in the Middle East. The firm, which will become Gowling WLG in January when it merges with Canada’s Gowlings, has hired two lawyers from Clyde & Co for the new practice. Based in Dubai the team of partner Andrew Thomson and senior associate Melissa Younan will provide a full real estate service covering commercial transactions, development work and real estate litigation, together with hospitality services and corporate banking support.
Court will decide if 6 inches should be exact
A US judge has signed a preliminary resolution on a number of class-action lawsuits brought against sandwich chain Subway. The plaintiffs in the cases claim that they have been served subs that were shorter than the expected ‘6-inch’ or ‘foot-long’ on the restaurant’s menu. It could become one of the largest class actions ever as millions could potentially have been served sandwiches that were too short, however only nine named plaintiffs will receive any compensation if the court rules in their favor; they could pocket $1,000 each.
If you are aiming to make partner; or perhaps you’re a partner aiming for management; then a new report suggests that it could be good for your life expectancy as well as your career and finances. The UK government’s Office for National Statistics has found that those higher up the career ladder live longer on average. Those working in the professions already rank higher than those in sales, customer service, marketing, caring, skilled trades and administration; but within the professional rankings a promotion could add two years to your life expectancy. Associates can expect to live for an average of 80.4 years, partners would add an extra 0.4 years, but those in a managerial role could live to 82.5 on average.
Major insurer takes aim at law firm costs