What is the most critical issue on a hot Friday in July? Obviously, pinpointing the legal difference between a cake and a biscuit. In case you missed it, a Scottish court has just ruled on the tantalising taste challenge of how eating a cake differs from eating a biscuit. You might recall that Marks & […]
Hogan Lovells has made its second South African lateral hire since its launch in the jurisdiction, picking up ENSafrica China group head Ernie Lai King. Lai King will head up Hogan Lovells’ tax and China practices in South Africa. He joins the firm’s Johannesburg office. The move follows the firm’s merger with Eversheds’ former South […]
Olswang has reported a 7 per cent growth in revenue for the 2013/14 financial year, with total turnover rising from £110m to £117.6m. The technology, media and telecoms firm’s final financials are still subject to verification and audit but Olswang said it anticipated its average profit per equity partner (PEP) figure would drop by 3.9 […]
Reed Smith has continued to add to its finance practice with the hire of Pinsent Masons partner Matthew Heaton. Heaton, who is listed on Pinsents’ website as a specialist in leveraged and acquisition finance, syndicated and bilateral facilities and property and asset financing, joins Reed Smith’s real estate finance practice. Tamara Box, global co-chair […]
Take a look at the most-read stories on TheLawyer.com this week and share your views The week has been dominated by the 2013/14 financial reporting season. Clifford Chance became the first magic circle firm to publish results and won praise from the market for pushing up average profit per equity partner (PEP) by 16 per […]
A&O has posted record results, but does it matter that the uptick can’t match that at rival Clifford Chance? Earlier this week Allen & Overy (A&O) followed Clifford Chance in reporting its 2013/14 financials, becoming the second of the UK’s four magic circle firms to do so this season. Total turnover at A&O rose by […]
I used to go to that Marcus Wareing place in the Berkeley Hotel when it was a dead posh gaff, with its dark velvet walls and more waiters than you could shake a stick at, not that I’m in the business of shaking sticks at waiters It was proper faine daining, with its two glittering […]
Yesterday a swathe of the great and the good of the UK legal market in the form of the judging panel for this year’s The Lawyer Management awards – along with yours truly – jammed themselves into a corner office at The Lawyer Towers to thrash out the shortlist. Thanks very much to all concerned, […]
Back in April we asked leading law firm managers to predict how the 2013/14 financial year would pan out. While many reflected that it had been an unexceptional year, they were optimistic that the dark days were over – growth has made a comeback. This week the reporting season hit full steam. Allen & Overy, […]
The 2013/14 financial reporting season is now well underway. Who is outperforming the market and who is lagging behind? Predictions of market revenue growth for the 2013/14 year-end have been borne out by the first 25 UK200 firms to publish figures for the financial year (see table 1). All but Hill Dickinson have pushed up […]
Schillings’ marketing manager on high-profile clients, the evolving market and the perils of law firm IT What would your advice be to anyone wanting to enter this industry? Start by researching various roles in the market to determine what each firm can offer by way of responsibility and opportunities. In the case of Schillings, its […]
Eversheds’ revenue rose by 2 per cent at the end of 2013/14 from £376m to £384m, while net profit increased just 1 per cent from £85.4m to £86.2m. Average profit per equity partner increased 13.6 per cent from £642,000 to £729,000. The firm said bonus payments to staff increased by 22 per cent year-one-year. Revenue […]