Wragge Lawrence Graham & Co has announced a £181m global revenue in its financial results (subject to audit) for the year ending 30 April 2015. In its first year of consolidated financial results, following the merger between Wragge & Co and Lawrence Graham on 1 May 2014, draft global profit before tax is estimated at £57m. The draft profit margin […]
Shoosmiths has announced that its revenue has increased by 10.4 per cent, from £92.98m to £102.7m, with average profit per equity partner (PEP) up 44 per cent, during the 2014/15 financial year. Profit at the firm also increased by 37.7 per cent from £12.2m to £16.8m. During the previous year profits at the firm increased […]
Linklaters managing partner Simon Davies may have been given a mandate to review Lloyds Bank’s legal function as one of the first jobs in his new role as chief people, legal and strategy officer, according to bank insiders. Members of the legal team at Lloyds Banking Group have expressed concern following a conference call to […]
Claimants in the group action against Giambrone & Law scored a High Court victory this week. The outcome might be bittersweet however, after the firm’s indemnity insurers said there was no money left to claim. The named partner of Italian firm Giambrone & Law, Gabriele Giambrone, has been told by the High Court that he […]
Life science research tool provider Abcam has hired Actavis executive legal director Suzanne Smith to join the company as its first chief legal officer and company secretary. Smith will take responsibility for Abcam’s licensing, legal, compliance and company secretary activities. According to Abcam, the new role was created in order to help it “achieve its […]
Peter Kalis, the keynote speaker at The Lawyer Business Leadership this September, discusses leadership through disruptive change. Does the unprecedented level of “disruptive change” we’re seeing make it the toughest time to be a law firm leader, whether managing partner or head of a business services team? Change is a constant in our business. It […]
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region. Australia Clifford Chance has hired Allens finance partner Richard Gordon in Sydney. Gordon will start at the magic circle firm on 1 September as a partner. He has extensive experience in a broad range of transactions across Australia, […]
This year’s Law Firm of the Year is one that over the past decade has transformed itself to such an extent that it is no stretch to describe it as a Silicon Valley firm in the UK. Stand up, Osborne Clarke. Since 2000, Osborne Clarke has advised more than 400 US businesses on their expansion […]
Move of the week Weil Gotshal & Manges’ London tax head Jonathan Kandel is leaving the firm for Kirkland & Ellis. Kandel, who is also in Weil’s private funds’ group, advises clients on tax issues relating to their fund investments, M&A, restructuring and own-account tax matters. He was one of four Clifford Chance partners to […]
Last week The Lawyer revealed that RBS was reviewing its transactions panel and was asking the firms involved to commit to a legal fee freeze for the next five years – a period of time that includes the next general election and a European referendum. Partners involved say it’s better than the notorious online bidding process that […]
Some firms and in-house legal teams have used the resources squeeze of recent years as a chance to redesign their systems for efficiency, using process control methods borrowed from busines. In association with Over the past decade lawyers from Chicago-based Seyfarth Shaw have arguably spent more time analysing their working practices against […]
With a grounding in both telecoms and M&A, Sarah Binder is well placed to face the challenges that come with being director of legal and compliance at entrepreneurial and fast-growing PlusNet. “When in-house teams get it right they are a conduit between other departments,” asserts PlusNet head lawyer Sarah Binder. “They sit at the centre of the […]