K&L Gates has merged with Luxembourg boutique Volckrick & Associates, adding the country as its eighth location in Europe. Through the combination, a three-lawyer team of Volckrick & Associates has joined K&L Gates. Led by partner Mathieu Volckrick, the team focuses strongly on asset management, investment funds, real estate and private equity. Prior to setting […]
Allen & Overy is to open two new offices in Palo Alto and in San Francisco with the hire of a seven-partner team from White & Case, months after the launch of its first West Coast base in Los Angeles. It marks the second launch of the magic circle firm in the California area; last […]
Simpson Thacher has boosted its London NQ pay as it joins the wave of pay rise announcements from its rivals. According to a source familiar with the firm, classes of 2021/2020 will receive a starting pay of $205,000, with the class of 2013 at $365,000. London lawyers will also receive “proportionate salary increases”. Earlier this […]
US-headquartered New Law provider Elevate is making preparations for its initial public offering (IPO) on the London Stock Exchange, as revenue hits $90m. As its revenue rises from $82m to $90m, the management at Elevate is laying out the finer details ahead of its listing in early 2022. The Lawyer previously revealed that Elevate had postponed […]
K&L Gates has merged with Luxembourg boutique Volckrick & Associates, adding the country as its eighth location in Europe. Through the combination, a three-lawyer team of Volckrick & Associates has joined K&L Gates. Led by partner Mathieu Volckrick, the team focuses strongly on asset management, investment funds, real estate and private equity. Prior to setting […]
Allen & Overy is to open two new offices in Palo Alto and in San Francisco with the hire of a seven-partner team from White & Case, months after the launch of its first West Coast base in Los Angeles. It marks the second launch of the magic circle firm in the California area; last […]
Simpson Thacher has boosted its London NQ pay as it joins the wave of pay rise announcements from its rivals. According to a source familiar with the firm, classes of 2021/2020 will receive a starting pay of $205,000, with the class of 2013 at $365,000. London lawyers will also receive “proportionate salary increases”. Earlier this […]
US-headquartered New Law provider Elevate is making preparations for its initial public offering (IPO) on the London Stock Exchange, as revenue hits $90m. As its revenue rises from $82m to $90m, the management at Elevate is laying out the finer details ahead of its listing in early 2022. The Lawyer previously revealed that Elevate had postponed […]
Burges Salmon is the latest UK firm to hand out extra rewards for the 2020/21 financial year. The firm said it would be awarding its staff a 5 per cent bonus of their salary in recognition of performance over the last 12 months. This follows the lead of a swathe of other firms that have […]
Newly-qualified (NQ) lawyers have seen salary levels soar over the last decade. In 2014, a fresh-faced Clifford Chance lawyer could earn £67,500; that figure reached £150,000 this summer. It is US firms that have inflated the pot with constant base raises that align London and New York operations. But the ripples spread outwards. When Quinn […]
Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
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, […]
Paul Weiss Rifkind Wharton & Garrison has unveiled a number of perks for aspiring solicitors in its inaugural internship programme, including half of their pay upfront and money for work attire. Paul Weiss has launched its bi-annual two-week work experience scheme, which will be based in its Soho office commencing next year. A total of […]
In a blow to Noughties trophy office design, Slaughter and May is to remove its iconic water feature from its London HQ reception. The Lawyer first reported last year that the fate of Slaughters’ water feature hung in the balance amid refurbishment works set to take place across the building. This followed its decision to […]
Last week, A&O Shearman set out post-merger plans to close its legacy Allen & Overy base in Johannesburg, reduce its partnership by 10 per cent by the end of the financial year, and sell its consultancy business Consulting by A&O Shearman. So, is this a sign of things already going wrong, or is this all […]
As Hogan Lovells prepares to close three of its global offices, figures obtained by The Lawyer show that profits generated by the affected Warsaw base halved in 2023. Earlier this month, the firm announced it would close offices in Johannesburg, Sydney and Warsaw. The firm’s Warsaw office is the larger of the three, home to […]
Media, technology and IP firm Wiggin has poached a six-strong sports team from Walker Morris. Led by partner David Hinchliffe, the team works primarily on football matters, having acted for clients including Crystal Palace and Leeds United across contentious and non-contentious mandates. Hinchliffe, who joined Walker Morris 28 years ago, was head of sport at […]