- New strategy to 2030 focuses the firm on three key sectors as well as disputes, internationalisation and practice excellence
- Dame Alison Rose appointed as independent non-executive Chair
Mishcon de Reya has unveiled its new strategy for the next five years. In Vision 2030 (MV2030) the firm has identified three strategic sectors where it has heritage, expertise, a deep and wide client base and which are areas of opportunity and growth: the innovation economy, private wealth & private capital, and real estate.
The firm will retain its focus on being a disputes powerhouse as well as practice excellence across all of our practices firmwide.
The firm also has a strategy to build on its significant international client work, and how the opportunities and benefits of AI can be realised for clients and the firm.
Operations transformation
The firm’s operations transformation programme has already yielded improvements in how it serves clients by standardising and digitising key processes, and centralising work through the firm's Global Capability Centre in India. By 2030, the firm will have built on this platform to create a frictionless business operations platform supporting the wider firm and its clients.
The impact of AI
It is no longer a question of if AI will change legal services – but how much, how fast, and who will lead. Over the next five years, the firm will embrace AI as part of a broader transformation that touches on every aspect of the firm, from client experience to internal efficiency.
James Libson, Managing Partner of Mishcon de Reya, said:
“Mishcon de Reya is a remarkable firm. We have always been proud of the firm’s entrepreneurial spirit. And rightly so. Our previous strategy delivered threefold growth over the last decade to become a 1500-person business with offices in multiple locations. Our new strategy will give us greater alignment and focus, to concentrate our efforts on strategic sectors, disputes and firmwide practice excellence, and the ability to deliver at scale."
“Our experiences in Hong Kong, Singapore, Saudi Arabia, Israel, and India over the past five years has taught us what it takes to succeed internationally. We will take these lessons to ensure we best co-ordinate our efforts across the firm and distinguish ourselves in our chosen international markets."
“At Mishcon de Reya, AI is our new frontier. We see the opportunity to expand our capabilities. AI tools will help us find new ways to create value for clients and the firm - an inherently Mishcon de Reya thing to do.”
Mishcon de Reya also announced its appointment of Dame Alison Rose as independent non-executive Chair, overseeing delivery of the new strategy.
Over the last year, Alison has been working with the firm as an advisor with a focus on helping to deliver the firm’s equity, diversity and inclusion Strategy. Alison also mentored a small number of partners.
Alison’s extensive senior leadership experience and international network will now help drive the achievement of Mishcon de Reya’s Vision 2030 strategic goals.
Dame Alison Rose commented:
“I have hugely enjoyed working with the team at Mishcon de Reya over the past year and I am delighted to be appointed non-executive Chair. I look forward to working with the board on delivering Vision 2030 at an exciting time as the firm continues to innovate and scale across multiple markets.”
James Libson, Managing Partner of Mishcon de Reya, said:
“We are delighted that Alison has agreed to take up the role of independent non-executive Chair. Alison has already delivered huge benefits to the firm in the work she has done on our equity, diversity & inclusion strategy. Sound governance is of critical importance to any organisation and as our firm closes out its ten year strategy and moves into the next period with renewed confidence, Alison’s experience and expertise will mean we are best placed to grow and deliver exceptional results for our clients while also making a positive impact in our communities. "
“MV2030 is a vision which, in an era of profound transformation, is to be more relevant, to thrive commercially and to fulfil our mission to our clients and to each other: to shape the world’s possibilities. With this vision and everyone in the firm playing their part, we have a clear path to be able to do so.”
Read MV2030