The Solicitors Regulation Authority (SRA) has stepped in to close London firm Fletcher Day. As revealed by The Lawyer earlier this week, HM Revenue and Customs had issued a winding-up petition against Fletcher Day; however the SRA has now intervened to protect the interests of clients. In a statement the SRA said: “An intervention means […]
You might think that those with the heaviest pay packets cough up the most income tax. And in an ordinary year, you’d be right. But this isn’t an ordinary year. The wholesale reform of how partners are taxed means the majority of UK partners will pay more to the taxman regardless of whether profits are […]
Allen & Overy is to merge with Shearman & Sterling in a transformative tie-up for both firms.
In January 2016, The Lawyer embarked on a new project. We found five fresh-faced young newly-qualified solicitors and decided to follow them in their careers. Seven years on, we are revisiting them to find out how they are doing. Five is an admittedly small sample size, but their fates to date make for interesting reading. […]
The Solicitors Regulation Authority (SRA) has stepped in to close London firm Fletcher Day. As revealed by The Lawyer earlier this week, HM Revenue and Customs had issued a winding-up petition against Fletcher Day; however the SRA has now intervened to protect the interests of clients. In a statement the SRA said: “An intervention means […]
You might think that those with the heaviest pay packets cough up the most income tax. And in an ordinary year, you’d be right. But this isn’t an ordinary year. The wholesale reform of how partners are taxed means the majority of UK partners will pay more to the taxman regardless of whether profits are […]
Allen & Overy is to merge with Shearman & Sterling in a transformative tie-up for both firms.
In January 2016, The Lawyer embarked on a new project. We found five fresh-faced young newly-qualified solicitors and decided to follow them in their careers. Seven years on, we are revisiting them to find out how they are doing. Five is an admittedly small sample size, but their fates to date make for interesting reading. […]
The largest 200 UK law firms are revealed in The Lawyer’s UK 200 latest report.
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 – […]
For years, particularly since 2016 and the vote for Brexit, much has been written about the odds of London’s decline as a world financial hub. Most of it has focused on deal and investment activity. But there’s another metric, one that amply underlines the sheer pulling power of the City and suggests that far from […]
“I’ve seen the future, and it’s porn, sharks and Nazis.” Twitter hadn’t even been founded at the time, but the above quote from the niche 2005 sitcom Bromwell High turned out to be unintendedly prophetic when considering the journey of one of the planet’s largest social media companies. Once ‘the world’s town square’, Twitter, latterly […]
Dickson Minto has made a rare dip into the recruitment market with the appointment of a real estate partner from Walker Morris. The former group head of Leeds-based Walker Morris’ real estate practice Jeremy Moore has joined Scotland’s Dickson Minto as a partner with immediate effect. Moore will be based out of Dickson Minto’s London […]
Womble Bond Dickinson is preparing to expand significantly in the US, with a merger confirmed with Phoenix firm Lewis Roca. The geography-driven deal, which aims to plug several strategic gaps in the larger firm’s office network, is set to go live at the start of next year. The merged firm will be known as Womble […]
After months of negotiations, The Spectator Magazine has been sold to hedge fund tycoon Paul Marshall, with four firms in action. White & Case led for Marshall and Old Queen Street Ventures (OQS Media) on the acquisition. The acquisition follows a receivership process undertaken last year by Lloyds Banking Group and the acquisition of a […]
Paul Hastings is expanding once more in London, hiring a partner from Davis Polk & Wardwell’s capital markets team. Dan Hirschovits joins Paul Hastings after 12 years at Davis Polk, where he was promoted to its partnership in 2017. Prior to that, he was an associate at Freshfields Bruckhaus Deringer. Hirschovits works on equity capital markets […]
Cooley has bulked up its emerging companies and venture capital practice with a partner trio joining from three different firm. Angus Miln, Ali Ramadan and Helen Pantelides have joined the firm, adding to its offering for private companies and investors in high-growth, disruptive industries. Miln joins from Taylor Wessing, where he has been head of […]