Freshfields Bruckhaus Deringer’s highest-paid partner received £3.2m last year, up 68 per cent from £1.9m in 2013/14, LLP accounts revealed. In a note to the accounts the firm said that the amount included profit and remuneration and payments in relation to the partner’s retirement from the firm. At the same time the firm’s salary costs […]
Slater & Gordon could make 51 fee-earners and staff redundant following a consultation over the closure of its Derby office and former Fentons base in Failsworth, Manchester. A total of 37 staff in Failsworth and 14 in Derby are affected by the consultation. The news follows profit warnings for the Australian-listed firm, which said in December […]
News UK has appointed Kingsley Napley partner Angus McBride as its new general counsel, replacing current legal head Emma Moloney who is leaving this month.
Linklaters could be forced to take another look at its global lockstep structure following Latham & Watkins poaching private equity star Rainer Traugott in Germany, sources have revealed.
King & Wood Mallesons (KWM) is launching a second UK office in Cambridge, initially to focus on providing services to real estate clients. Real estate partner Simon Burson, one of a team of nine lawyers including four partners who joined KWM last year from Eversheds, will manage the office. Burson formerly led the Cambridge real estate […]
Colt general counsel Robin Saphra has left the telecoms company and has been replaced by company secretary Caroline Griffin Pain.
Irwin Mitchell halved its bank borrowings last year to move into a net cash position by 30 April 2015, the firm’s accounts have shown. Bank loans and overdrafts in 2014/15 totalled £6.6m, down from £14.8m the previous year. Irwin Mitchell ended 2014/15 with £801,000 in the bank, a £1.5m movement in funds compared to 2013/14 […]
Stewarts Law will file a letter before action to Tesco this week, pushing ahead with plans launched early last year to bring a multimillion-pound claim against the retailer. The litigation boutique is bringing the action against Tesco over losses suffered as a result of the supermarket group’s £263m profits restatement last October, which wiped more […]
On Saturday evening I published a short post on what Google’s tax liability in the UK might look like. You can read it here. It made a number of points, but one in particular has proven controversial. My post took the revenues that Google Inc, a US entity, reported to its US shareholders as having been […]
Addleshaw Goddard has pledged to increase its top of equity to £1m by 2019, after its highest paid partner received £936,000 last year, according to LLP accounts. The account filings also show revenue soared to its highest level since 2008 as turnover rose 12 per cent from £167.2m to £186.9m. The firm’s slimmed down global partnership also […]
A quartet of US and Irish firms have won roles on the $20bn (£14bn) merger of industrial company Johnson Controls and security provider Tyco. Simpson Thacher & Bartlett is advising Cork-headquartered Tyco on the transaction, in which the company will maintain its Irish legal domicile. Its team was led by partners Alan Klein and Elizabeth […]