White & Case has hired an in-houser from the Royal Bank of Scotland’s legal team, as the US firm continues to add to its litigation practice in the City. RBS’ litigation head Laura Durrant will join White & Case‘s London office as a partner. She leaves her role as head of litigation and investigations at RBS […]
The Solicitors Regulation Authority (SRA) will not launch an inquiry into a complaint made over Clifford Chance‘s 2014 investigation into the Royal Bank of Scotland’s (RBS) treatment of small companies, The Lawyer can reveal. After pursuing the complaints, which alleged that the magic circle firm had overlooked fraud during its investigation, the SRA found nothing to suggest […]
Dentons has posted a 22 per cent increase in revenue for its UK and Middle East regions, generating a total of £203.1m in 2016/17 in the first financials after the merger with Scottish firm Maclay Murray & Spens. Profit per equity partner increased by 36 per cent during the same period, reaching £651,000. Without the […]
Royal Bank of Scotland (RBS) has seen its legal costs fall by nearly 75 per cent over 2017 to just over £1bn.
White & Case has hired an in-houser from the Royal Bank of Scotland’s legal team, as the US firm continues to add to its litigation practice in the City. RBS’ litigation head Laura Durrant will join White & Case‘s London office as a partner. She leaves her role as head of litigation and investigations at RBS […]
The Solicitors Regulation Authority (SRA) will not launch an inquiry into a complaint made over Clifford Chance‘s 2014 investigation into the Royal Bank of Scotland’s (RBS) treatment of small companies, The Lawyer can reveal. After pursuing the complaints, which alleged that the magic circle firm had overlooked fraud during its investigation, the SRA found nothing to suggest […]
Dentons has posted a 22 per cent increase in revenue for its UK and Middle East regions, generating a total of £203.1m in 2016/17 in the first financials after the merger with Scottish firm Maclay Murray & Spens. Profit per equity partner increased by 36 per cent during the same period, reaching £651,000. Without the […]
Royal Bank of Scotland (RBS) has seen its legal costs fall by nearly 75 per cent over 2017 to just over £1bn.
Linklaters is the second magic circle firm to report its most recent gender pay gap figures, containing statistics on ethnicity for the first time as well as improvements in its bonus pay. With regards to the gender pay gap. Linklaters’ entire UK workforce, including equity partners, are paid on average 61 per cent less than […]
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
The upcoming UK200 has welcomed its sixth employee ownership trust (EOT) member. Altrincham’s Myerson Solicitors joins Yorkshire’s Ison Harrison and the West Midlands’ Talbots Law in embracing employee ownership, having converted from a limited liability partnership (LLP) to a 100 per cent employee-owned company last week. The EOT model allows all employees to take a […]
Over the last decade, the UK’s Top 50 firms have trialled a variety of tactics to satisfy an incessant demand for revenue growth. Consolidation has been a feature of the decade, with ‘critical mass’ becoming a key term used by managing partners as they push forward their growth agendas. Internationalisation too is a hallmark of […]
A&O Shearman is looking to cut 10 per cent of its global partnership, but it’s doing so in a year in which its London recruitment team has been at its busiest. The firm has hired eight lateral partners in the City so far this year and last week’s announcement of “planned business changes” does little […]
Before financials season got fully underway, The Lawyer took a look at the firms most likely to hit the milestones of £2bn, £1bn and £500m. There were not many, highlighting the challenge for firms to grow bigger and profitably. Of the seven likelies, just two definitely managed it – Linklaters and Bird & Bird – […]
Latham & Watkins has lost another member of its Continental European transactional team, with a leveraged finance partner joining A&O Shearman in Paris. Michel Houdayer has made the move to A&O Shearman today (16 September). He was a Latham lifer, having joined the firm in 2002 and spent almost a decade in the partnership having […]
After 18 months of secrecy, speculation and extraordinary legal fees, the Premier League’s case against Manchester City over more than 100 alleged rule breaches is set to begin today. City, England’s most successful football club over the past decade, has denied any wrongdoing. There is an air of the Boris Berezovsky v Roman Abramovich trial […]
Forty-four of the UK’s top 100 law firms posted double-digit revenue growth in 2023/24, the highest number since before the great financial crisis. In 2007/08, 61 of the top 100 grew by double digits; that figure dropped to 15 the following year and nine the year after as the economy collapsed. Last year, nearly all […]
Russia’s largest transport operator, FESCO, had its chance today to block the $13.8bn dispute brought by jailed Russian businessman Ziyavudin Magomedov from going to trial in England, as the case entered its fourth day in a courtroom comprising over 50 lawyers. Magomedov, represented by litigation boutique Seladore Legal, argues that an elaborate conspiracy saw his […]
Planning permission to build a new coal mine in Cumbria has been quashed following today’s High Court ruling that the approval was unlawful. Leigh Day secured the win on behalf of Friends of the Earth and South Lakes Action on Climate Change (SLACC). The pair made the claim regarding a December 2022 decision to grant […]