Asia-Pacific 150: The big market slowdown
Volatility, consolidation and competition sum up 2015 in Asia’s crowded legal markets, exclusive research by The Lawyer has found.
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TerraLex chair response to Dentons, Interlaw: any such thing as a free lunch?
I have read with interest the dialogue between Michael Siebold, chairman of Interlaw and Joe Andrew, global chair of Dentons regarding the best model for law firm networks. For all of us committed to the free market, it is good to see a healthy competition of ideas and, as we would expect, skilled advocacy. I […]
Brexit: Law firms mull pay freezes in wake of Leave vote
Law firms are reconsidering making pay rises in the wake of Brexit. One London law firm, which had planned to raise first-year trainee salaries by £1,000 and NQ salaries by £3,000 this summer, confirmed to Lawyer 2B that it was reconsidering its decision, although stressed that nothing had yet been decided. June and July is when […]
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London’s position as gateway to Europe ‘under threat’ as US bosses look to Continent
The UK’s exit from the EU has raised potential questions about its longstanding role as a gateway to Europe for overseas, and in particular US, firms.
Brexit: “Big question mark” over privacy law repercussions
The United Kingdom’s vote to leave the European Union could have long-term repercussions for privacy law. Lawyers said that there would be no initial change while the UK negotiated an exit from the EU, but said there is now a “big question mark” over what happens next. “It is unlikely that, either in the short, medium […]
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The immediate legal consequences of Brexit under a new Prime Minister
David Cameron tossed the dice and lost. All gamblers must be prepared to lose and to think about what to do if the worst happens. But his gamble over the EU affects the entire profession.
Scottish firms prepare for post-Brexit pause
The clear division between Scotland and the rest of mainland Britain in the Brexit vote will not immediately lead to another vote on Scotland’s position within the UK.
Salary wars: Linklaters goes to $180,000 in New York
Linklaters has matched the ‘Cravath’ scale and will pay its first year associates $180,000 in New York, equivalent to around £124,000. Cravath raised its salaries earlier this month, prompting a host of firms to follow suit, including the other magic circle firms based in New York, Clifford Chance, Allen & Overy and Freshfields. However, London lawyers will not be paid […]
Freshfields steals key adviser role from Linklaters on Dixons Carphone panel
Freshfields Bruckhaus Deringer has displaced Linklaters as Dixons Carphone’s top legal adviser following the business’s first panel review since its merger.
Stephenson Harwood turnover continues to rise as revenue hits £158m
Stephenson Harwood’s revenue jumped 9 per cent in 2015/16, making it the seventh year of consecutive growth for the firm.
Gibson Dunn client Djibouti denied permission to appeal £9.3m costs ruling
Gibson Dunn & Crutcher client the Republic of Djibouti has been denied permission to appeal a £9.3m costs order against it, closing its eight-year fight over alleged terrorism and corruption.
Mayer Brown opens first Middle East office in Dubai
Mayer Brown has made its first foray into the Middle East, opening a new office in Dubai.