Clydesdale Bank has named Eversheds, Harper Macleod, Morton Fraser and Optima as the four firms on its new recoveries panel. The four firms were cut from the bank’s slimmed-down national roster earlier this month when Clydesdale cut the panel in half (29 July 2014). But they have all been placed on the bank’s new recoveries […]
A slight rise in business confidence and commercial activity in Australia looks set to thaw out pay freezes and potentially help stem the flow of partner exits that were the mark of the 2013/14 financial year. A study from Australian legal recruiter Mahlab has found that while salary and bonus freezes imposed during the last […]
DLA Piper has advised Aviva on its funding of the Stoke-on-Trent extra-care PFI scheme, which has reached financial close. The £75m capital value project-financed care infrastructure scheme is set to deliver 390 extra-care, sheltered accommodation apartments for the elderly in Stoke-on-Trent and is designed to enable tenants to live an independent life in a socially […]
Scottish firm Burness Paull has announced a turnover of £46.3m in the year to 31 July 2014, an increase of 20 per cent on 2012/13. Total net profit at the 56-partner firm rose by around 25 per cent while average profit per equity partner last year was £445,000 and the top of equity stood at […]
Kirkland & Ellis is poised to hire a financial restructuring duo from German firm Gleiss Lutz, following its launch in Frankfurt this month. Partner Christian Halàsz and counsel Friedrich Schlott, from Frankfurt and Düsseldorf respectively, are understood to be set to join Kirkland. Earlier in the month, the firm hit Latham & Watkins for key […]
Pinsent Masons is trialling a new system where staff working consistently long hours are flagged to senior staff. Through burnout alerts, bosses will receive a notification through a new time-tracking system if their employees are perceived to be overworking. A spokesperson for the firm commented: “We are in the process of trialling new resource management […]
In today’s changing market, both client retention and talent retention are top priorities for law firms globally. During this expert panel session, we will hear from industry experts on leveraging strategic resource management to boost lawyer utilization and equitable access to opportunities, while lowering costs and ensuring DEI goals are met. Discover how real-time insights […]
McCann Fitzgerald has introduced a salary partner tier having been the final all-equity holdout at the top of the Irish legal market. The change was enacted earlier this year and was in operation during the May promotion round, which was also the largest in its history. Promotion numbers almost trebled year-on-year when McCanns announced its […]
Clifford Chance has said it is “heartbroken” at the passing of New York litigator Christopher Morvillo after Mike Lynch’s superyacht sank this week, while DWF has said its former chair Jonathan Bloomer will be “sorely missed”. Clifford Chance partner Morvillo was one of six individuals who went missing after the Bayesian sank this week. Invited aboard […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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The City’s rush for leveraged finance talent has proven one thing – one partner just isn’t enough. Investments need to account for individual circumstances and performance. Why hire a sole rainmaker who might leave after three years when a team of five guarantees strength in numbers? This was critical in Sidley Austin’s thinking when it […]
And just like that, the Olympics are coming to an end. A bit of a comedown for many, but not for the sports lawyers of Northridge Law. Within the space of two Olympic cycles, the sports boutique has cemented itself as, just possibly, the most heavyweight sports team in the country, hop, skipping and jumping […]
An old-school Lincoln’s Inn firm with royal connections. A media-savvy employment specialist. And a full-service regional outfit with a non-lawyer CEO. The similarities aren’t immediately apparent but Farrer & Co, Lewis Silkin and Birketts all passed £100m in revenue in 2023/24, leaving rivals trailing in their wake. That’s what’s so impressive about these three firms. […]
In recent years, Leeds has become a hotbed for new players in the legal arena. And so the burning question old-timers have been asking is: what are their ambitions and how’s that going to affect us? Well, Gowling WLG appears content with its real estate team from Womble Bond Dickinson and has no major expansion […]
The Lawyer’s UK200 has relatively few truly specialist firms. There are a handful of big litigation, personal injury and insurance beasts, like Stewarts, Digby Brown and Keoghs. Sackers focuses on pensions; Stowe and Vardags on family, but the bottom end of the annual ranking of the UK’s largest firms is dominated by regional independents doing […]
Simpson Thacher & Bartlett is not alone in facing scrutiny from the Solicitors Regulation Authority (SRA), with six UK200 firms and another US50 firm coming under pressure from the regulator since 2021. Here’s how they fared. As revealed on Monday, Simpson Thacher’s London office has been accused of not having in place a compliant firmwide […]
Trowers & Hamlins has recruited a business transformation team to ensure the firm meets its 2030 revenue target of £230m, as the firm reported 5 per cent revenue growth last year. The firm generated revenue of £142.3m in the 2023/24 financial year, which means it needs to grow its top line by 62 per cent […]
Thomson Reuters has acquired a UK-based AI start-up that was founded by an Allen & Overy Shearman trainee two years ago. The target – Safe Sign Technologies – focuses on legal-specific use cases for large language models. This deal is part of an $8bn budget Thomson Reuters announced it had to spend on AI-focused deals […]
Paul Weiss Rifkind Wharton & Garrison is expanding its private equity team with an in-house hire. The general counsel of TDR Capital, David Holdsworth, has joined the law firm after one year and eight months in-house. Prior to that, he was a partner at Kirkland & Ellis for six years, where he was TDR’s longstanding […]
The Post Office paid out a quarter of a billion pounds in legal fees in relation to the Horizon IT scandal, The Lawyer can reveal. A Freedom of Information request made by The Lawyer to the Post Office has revealed £256.9m was paid to 15 law firms and two barristers’ chambers between September 2014 and […]