Issues

Clifford Chance’s Layton and Norman: partners are backing us on the tough choices

There’s been a round of management musical chairs at Clifford Chance in recent months with new head Matthew Layton overhauling the firm’s leadership. Two months in and Layton has torn up the firm’s constitution, scrapped leadership elections and replaced the management committee with a new-look management board. In today’s leadership interview Layton and new corporate […]

London

Charles Russell and Speechly Bircham kickstart search for new City HQ

Charles Russell and Speechly Bircham, which are set to merge on 1 November 2014, have kicked off their search for a combined City base. The firms have appointed property services firm DTZ to review their needs in London, as they seek to find a home for their new combined firm named Charles Russell Speechlys. DTZ […]

food

The Waterside Inn, Bray

I’m not sure if you’re allowed to eat here under the age of 50. Other than Oslo Court, it’s the most oldie-friendly place I’ve been to in some time. I’d tried a number of times to get a reservation and it was only by actually turning up in person that I managed to get in […]

Clifford Chance
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Clifford Chance’s Layton and Norman: We needed leaner leadership

Clifford Chance’s new managing partner and corporate head are turning around the firm’s conservative reputation by taking an axe to the leadership team and getting tough on partners’ remits. Just months after Matthew Layton stepped into David Childs’ shoes in May and Guy Norman put on Layton’s (27 November 2013), the firm’s management committee had […]

Irwin Mitchell
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Irwin Mitchell’s profit drops 8.5 per cent to £17.1m as revenue inches up

Irwin Mitchell grew revenue by 1.2 per cent from £200.3m to £202.7m and saw profit before tax drop by 8.5 per cent from £18.7m to £17.1m last year, according to audited figures. The firm broke through the £200m mark for the first time in 2012/13, with revenues climbing 5.3 per cent from £190.1m to £200.2m, […]

Matt Byrne

Pay more, perform better

This week there’s more on the rumbling marketing pay row. In case you missed our news story about the £477,000 marketing directors – and the opinion article from Pinsent Masons’ director of communications Andy Peat that followed shortly afterwards – they have been fixtures in our most read stories list for the past two weeks. […]

Barclays
2

Barclays turns to Sullivan & Cromwell as litigation bill set to rise by £1.2bn

Barclays has turned to Sullivan & Cromwell to defend it against fraud allegations in the US, as analysts predict the bank could face a £1.2bn bill for a raft of litigation. The bank is fighting against claims it falsified documents and misrepresented benefits offered to clients using its “dark pool” trading platform. New York Attorney […]

money
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Marketing directors, £477,000 and the great salary debate

High marketing salaries don’t mean the world has gone mad. I read the debate/noise/nonsense/informed discussion (please delete as appropriate) the other week on the salaries of law firm marketing directors. Well, one salary in particular (‘Marketing chiefs at City law firms pocket salaries of up to £477,000’). Here are a few thoughts around this broad […]

Law Society

Law Society picks NHSLA head Dixon as new CEO

The Law Society has appointed NHS Litigation Authority (NHSLA) chief executive Catherine Dixon to head up the solicitors’ representative body, following the retirement of outgoing CEO Desmond Hudson. Dixon will join the Law Society after working her notice period with the NHSLA and the body said interim arrangements to fill the gap between Hudson’s retirement […]

Calculator

ICAEW granted authority to license ABSs

The Institute of Chartered Accountants (ICAEW) has become the first non-legal entity with powers to regulate probate services and license alternative business structures (ABSs).  ICAEW is the accountancy profession’s largest regulatory body and the primary regulator of the ‘big four’ accountants. The institute’s new regulatory powers were granted by a statutory designation order approved by […]

Tim Skipper

Bonuses for business services professionals are not as easy as they seem

Bonus schemes for business services professionals have become commonplace, but hardly simple. According to our 2014 Law Firm Salary and Benefits Benchmarking Survey, no fewer than 82 per cent of the firms polled are now operating a bonus scheme for business services roles, with 76 per cent of those basing the amounts on how far firm-wide […]