Macfarlanes’ PEP drops 17% from record high to £1.29m
Macfarlanes’ net profit and profit per equity partner (PEP) plummeted in the last financial year, with PEP down 17 per cent to £1.29m.
Mills & Reeve turnover grows 7% to record high £87.2m
Mills & Reeve has achieved record-breaking turnover of £87.2m during the 2015/16 financial year, after revenue increased 6.9 per cent from £81.6m. The increase is considerably larger than during the previous financial year when turnover grew 2.6 per cent from £79.5m. As a result of the strong performance the firm announced it would be issuing its […]
DWF hires PwC head of commercial disputes
DWF has made a team hire from PwC Legal in London, taking head of commercial disputes Jonathan Isaacs and two associates.
Dentons opens in Rome just months after Milan launch
Dentons has opened a second office in Italy, launching in Rome following a two-year strategic plan to build a full-service firm in the country.
The long read: Why your paralegals hate you
The paralegal remains one of the most ill-defined jobs in the legal profession. Exclusive research by Lawyer 2B has found long hours, poor pay and dangling the “carrot” of a training contract could create serious problems for UK firms.
In-house interview: Jonathan Waltho, Fidessa
Jonathan Waltho made the move to in-house work in 1998 when he became sole counsel at Leicester City FC, a role which saw him set up the club’s first legal function. Since then Waltho’s career has seen him enter the field of technology, culminating in his role as the first general counsel at software company Fidessa.
LMI analysis: Accenture
Reaping the rewards of a diversification strategy and the will to invest, Accenture boasted record revenue of $31bn (£24bn) in 2015, an 11 per cent increase on the previous year. The global consultancy, technology services and outsourcing giant also delivered new bookings of $34.4bn and returned $3.8bn to its shareholders. This strong performance continued into 2016 and, after raising its full-year revenue forecast following a successful Q1, there seems no stopping the Dublin-headquartered company.
From Slaughter and May to Government: ‘The key to success is being a generalist’
Former Slaughter and May partner Lucy Wylde was gifted with a second career back in 2009 when she moved in-house to work for the UK Government.
Romania: infrastructure input
Last year, the European Commission adopted the Large Infrastructure Operational Programme for Romania, which equated to a €9.5bn investment in the country’s transport, environment and energy projects.
Moves: 11 July 2016
Latham & Watkins has hired Dechert partner Jeremy Trinder to its City finance department. Trinder joined Dechert in 2012 after being made up to partner at White & Case in 2010. He works on real estate finance matters, representing lenders, borrowers, investors and servicers. Latham has also hired GE Capital Real Estate in-houser Quentin Gwyer, who was executive counsel for European Debt.
Debunking the myth of the law firm verein
Recently Joe Andrew, the chair of the Dentons’ verein, wrote an opinion piece entitled ‘Debunking the myth of the pay-to-play network’. Unfortunately, he overlooked one fact. He did not mention that Dentons’ verein structure, in almost all respects, could be characterised as a territorially exclusive pay-to-play network but with much higher fees. Dentons has adopted essentially the same structure of the traditional networks Andrew is critiquing.
Hot 100 alumni: Ashley Katz, Fried Frank
At the start of 2016 restructuring partner Ashley Katz became the latest big-hitter to move over to Fried Frank Shriver Harris & Jacobson’s growing London base.