Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Travers Smith has cut monthly partner drawings and deferred partner distributions to protect the financial stability of the firm. Travers announced the firm-wide programme of measures today. Senior partners will have their drawings cut by approximately 25 per cent, implemented with immediate effect. Partners will also have their distributions deferred until the “longer-term trading position […]
Allen & Overy has made up 29 partners in its latest round of promotions, including 10 in London. The promotions represent 13 offices across the firm’s global network, with the City taking over a third of the spots. It is a slight drop from last year when 14 were promoted in London and 34 globally. […]
Hogan Lovells is furloughing up to 30 UK employees and suspending salary reviews and bonus payments worldwide, as part of wider measures to keep costs down during the Covid-19 crisis. Salary reviews and bonuses for lawyers in the firm’s UK and Asia Pacific offices, due at the start of May, will be postponed. Associates in […]
Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Travers Smith has cut monthly partner drawings and deferred partner distributions to protect the financial stability of the firm. Travers announced the firm-wide programme of measures today. Senior partners will have their drawings cut by approximately 25 per cent, implemented with immediate effect. Partners will also have their distributions deferred until the “longer-term trading position […]
Allen & Overy has made up 29 partners in its latest round of promotions, including 10 in London. The promotions represent 13 offices across the firm’s global network, with the City taking over a third of the spots. It is a slight drop from last year when 14 were promoted in London and 34 globally. […]
Hogan Lovells is furloughing up to 30 UK employees and suspending salary reviews and bonus payments worldwide, as part of wider measures to keep costs down during the Covid-19 crisis. Salary reviews and bonuses for lawyers in the firm’s UK and Asia Pacific offices, due at the start of May, will be postponed. Associates in […]
Clifford Chance has announced internally that it is freezing pay for its employees, while also deferring partner profit distributions due to the Covid-19 pandemic. A portion of anticipated bonuses are also being pushed back to November, as part of a wider package of stringent measures, The Lawyer can reveal. Partner profit distributions have been postponed, […]
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
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 […]
NatWest’s former chief executive officer is stepping into a new role at Mishcon de Reya, well over a year after leaving her post at the bank. Alison Rose joins Mishcon as an adviser following a 23-year long career at NatWest, where she started as managing director for leveraged finance before rising through the ranks in […]
33 Chancery Lane is undergoing a mass operational overhaul and rebrand, hiring its first chief executive, three new barristers and moving premises. The 19-barrister set, led by Kennedy Talbot KC, has hired Outer Temple’s practice director Sam Carter as chief executive and director of clerking to help guide the chambers through its new chapter. Carter […]
Eversheds Sutherland has anointed its next co-CEOs for the international and US sides of the business, as Lee Ranson and Mark Wasserman prepare to step down. Eversheds Sutherland partners have decided that managing partner Keith Froud will take the reins from Ranson, while Austin-based global energy co-head Lino Mendiola will replace Wasserman in the US. […]
Kennedys has appointed its first chief knowledge officer, who has moved across to the UK insurance firm from US powerhouse Paul Hastings. Having previously developed Paul Hastings knowledge management strategy at a global level, Catherine Goodman will now be in charge of heading Kennedys knowledge strategy. Goodman was director of innovation and knowledge management at […]
A solicitor has been fined by the Solicitors Disciplinary Tribunal (SDT) after appearing on an antisemitic TV show that “took the form of a wide-ranging attack” upon Mishcon de Reya. Mohammed Akunjee, who has over 30,000 followers on X, has been fined £6,500 and ordered to pay £30,000 in costs after appearing in a TV […]