Industry News

		By Justin Edwards in General Published: Friday, 28 November 08 - 01:08 PM (GMT) Last Updated: Friday, 28 November 08 - 04:26 PM (GMT)

• A new report, from the Analysis firm IDC, sugests that growth for 2008 in the the IT market will only reach 2.6%, 3.3% lower than the original 5.6% that was predicted before the econiomic crisis. This brings Europe’s growth in line with both the USA and Japan, whoch is somewhere around the 1 % mark.  Analysis firm IDC do predict, however,  that IT spending will make a 'full recovery' and will see growth of near 6% in 2012.

• Gartner an IT advisory and research Firm claimed, at its Sydney Stmposium, that the IT industry could help to deal with the World's Carbon emissions! Currently IT contributes to roughly two per cent of global carbon emissions, Gartner said that IT could help reduce the emissions from the remaining 98 per cent.

• Simmons & Simmons is planning a Linklaters-style strategy of cutting the ­number of its key global clients in the wake of the financial crisis, following the loss of key clients such as Lehman Brothers and ABN Amro. The move comes hot on the heels of Linklaters’ plan to reduce the total number of clients it represents from 11,000 down to an expected 3,000 by this time next year.

• Mischon de Reya has signed up alongside Field Fisher Waterhouse and Reed Smith to give Public advice through a newly-launched advice service at Queen Mary, University of London namely ‘The Pink Law Legal Advice Centre’. The initiative launched on Friday (14 November) and will give free legal advice to the lesbian, gay, bisexual and transgender (LGBT) community. Unlike Field Fisher and Reed Smith this is the first time Mishcons has worked with the university. Queen Mary's Legal Advice Centre is unusual in London in that it is run by the university and offers free legal advice to staff, students and members of the public. Since opening its doors in 2006, the centre won the attorney general's 2008 pro bono award and was the only university to be short-listed for the Law Society Excellence Awards 2008

• More than half of the London lawyers at Lehman Brothers have left since the bank’s collapse in September, despite the huge amount of legal work still required by administrator PricewaterhouseCoopers (PwC). Those who remain at Lehman have been offered generous packages by PwC, according to recruiters.

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