Eversheds Sutherland has agreed a sprawling cooperation agreement with King & Wood Mallesons (KWM) that sees the firms agree exclusive referral deals, while also giving Eversheds the chance to grow substantially across the UK, Europe and Middle East. The agreement has been struck between Eversheds Sutherland’s international LLP and KWM (China) LLP. The talks will […]
A suspended partner from Axiom Ince has filed a lawsuit against the Solicitors Regulation Authority (SRA) and its intervention agent, Gordons. Shyam Mistry was one of three partners who was suspended from Axiom Ince earlier this month as he was accused of failing “to comply with the rules made under sections 31 and 32” of […]
Allen & Overy has joined Linklaters in hiking its newly-qualified solicitor pay, despite the pair last year deciding not to match rates announced by Freshfields and Clifford Chance. A spokesperson for A&O told The Lawyer, “We have increased our NQ salaries to £125,000 p.a. in line with the market.” Earlier today, Linklaters also upped NQ […]
The City of London Law Society (CLLS) has appealed to City firms to take on trainees from Ince as fear grows for the future of the troubled firm. On Friday 25 August, CLLS chair Colin Passmore, at the behest of CLLS training committee chair Patrick McCann and Watson Farley & Williams’ director of development and […]
Revenue at Kennedys increased 17 per cent during the 2023/24 financial year, with non-UK revenue contributing 50 per cent towards the firm’s top-line for the first time. Kennedys generated £384m in revenue, up from the £328m it generated in 2022/23. This marks the second consecutive year of double-digit growth for Kennedys, with the firm achieving […]
Danish big five firm Accura has made a handful of redundancies in its real estate team, citing sustained macroeconomic pressures that have supressed deal flow. The firm declined to specify how many lawyers in its team had left the firm, instead calling the move a “minor adjustment of the real estate organisation to the current […]
Weightmans is handing out £3,000 bonuses to all of its staff to celebrate a record year in which revenue grew by 12 per cent. The firm changed its financial year-end from 30 April to 31 March this year, posting revenue of just over £140m for the 12-month period. This equated to a 12 per cent […]
Herbert Smith Freehills has increased its compensation package for its trainee solicitors and newly-qualified (NQ) solicitors, with NQs now earning £135,000. NQ pay at the firm will increase 12.5 per cent from £120,000 to £135,000 – a figure that now surpasses that of Slaughter and May which decided to remain at £125,000 in June. Trainees […]
Paul Weiss Rifkind Wharton & Garrison is to match its US rivals on newly-qualified (NQ) solicitor pay, with a pledge to start taking on trainee solicitors in London. The firm is expected to have its first cohort of trainee solicitors start in London in September 2026. Trainee pay is currently undisclosed but the firm will […]
This report contains: an analysis of the reality of Cleary Gottlieb’s growth trajectory in London since 2014 an overview of challenges faced by the top global firms which are pursuing similar growth strategies a discussion on Cleary’s distinctive practice area mix, highlighting its substantial focus on antitrust cases.
This report contains: ranking of the Nordic 50 firms on a headcount basis headcount analysis of the largest firms split into three groups financial and market analysis of the four jurisdictions in the region firm specific data profiles
This report includes: a breakdown of the eight firms shortlisted for the Litigation Team of the Year at The Lawyer Awards 2024 an overview of the case they have been nominated for an analysis of the firms’ larger litigation team
This report includes: a regional efficiency map for firms ranked 101-200 (The Independents) insight into the impact of geographic location on efficiency, highlighting regional disparities, drivers of success, and areas for improvement.
This report contains: financial performance of the largest US firms in London analysis of five standout firms that achieved significant revenue growth, detailing key factors behind their success individual firm profiles highlighting financial performance, growth strategies and client base and matters
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In the last 12 months, the top 100 law firms in the UK have spent literally millions on lateral hires, bringing in a total of 12,177 new partners. Such hope. So many dreams. How many of them will actually work out? If you’re assessing return on investment then the usual response is to look at […]
Last week was a whirlwind for climate change awareness. London hosted its annual Climate Change Week, the Grantham Research Institute unveiled a startling report on the surge in climate litigation, and BHP, the world’s largest mining giant, lost a High Court case, allowing 33,000 Mariana dam disaster victims to proceed with their claims. Meanwhile, the […]
To be in the global law market requires a strong City presence, of that there can be no doubt. The Lawyer’s US 50 report underscores just how vital London is; the multimillion-pound investments being made by US titans shows that growing in the City is not only advantageous, but essential. And yet. You might be surprised […]
$20m partners are rare, but they are multiplying. Paul Weiss, Kirkland, Davis Polk, Weil Gotshal and latterly Latham are reshaping their partner compensation for the big figure, stretched upwards from the $9m that Paul Weiss paid for Scott Barshay in 2016. As The Lawyer reported yesterday, even Cleary – Cleary! – is now considering it. […]
Power is largely siloed. When we look at the top 25 firms in The Lawyer’s UK200, partners drawn from the practices most identifiable with the firm’s culture almost always end up in the managing partner spot. There are two exceptions in Slaughters’ Deborah Finkler (disputes) and Pinsents’ Laura Cameron (health/safety), but firms have largely stuck […]
The Supreme Court handed down a landmark ruling today, overturning decisions by the High Court and Court of Appeal to grant waterway owners the right to bring legal action against polluters for nuisance and trespass. This case, one of The Lawyer’s top 10 appeals of 2023, has been progressing since 2010 and has taken over […]
Revenue at Kennedys increased 17 per cent during the 2023/24 financial year, with non-UK revenue contributing 50 per cent towards the firm’s top-line for the first time. Kennedys generated £384m in revenue, up from the £328m it generated in 2022/23. This marks the second consecutive year of double-digit growth for Kennedys, with the firm achieving […]
Danish big five firm Accura has made a handful of redundancies in its real estate team, citing sustained macroeconomic pressures that have supressed deal flow. The firm declined to specify how many lawyers in its team had left the firm, instead calling the move a “minor adjustment of the real estate organisation to the current […]
Osborne Clarke has awarded its UK staff and lawyers a 5 per cent profit share bonus following a record financial year. It has been a strong year for Osborne Clarke with UK revenue up 11 per cent from £217.3m to £240.5m. International revenue, meanwhile, was up 19 per cent from €442m to €525m. An increased […]
Weightmans is handing out £3,000 bonuses to all of its staff to celebrate a record year in which revenue grew by 12 per cent. The firm changed its financial year-end from 30 April to 31 March this year, posting revenue of just over £140m for the 12-month period. This equated to a 12 per cent […]