The past 12 months have seen a welter of significant corporate panel reviews. Sainsbury’s, Lloyds Banking Group and the Pension Protection Fund have all revamped their rosters in recent months. Clydesdale Bank is the latest to launch a review, the first since general counsel Jennifer Darbyshire took on the job in 2012 and since the […]
Osborne Clarke’s turnover shot up by more than a quarter in 2013/14, from £112m to £142m, setting all staff members up for a 2 per cent bonus. The preliminary results come off the back of a 14 per cent increase in revenue in 2012/13, from £98m to £112m, meaning that the firm’s revenue has increased […]
Freshfields Bruckhaus Deringer and Linklaters are advising on Saga’s planned IPO, which is set to be the largest public offer of shares since the privatisation of Royal Mail. The group, which provides a range of services from holidays to insurance to over 50’s, will have a free float of at least 25 per cent in […]
Linklaters has implemented pay rises for all associates with 3 year PQE lawyers seeing the biggest rise, receiving a salary boost of 5 per cent from £89,000 to £93,500. The firm has almost doubled last year’s pay increase for second and third year PQE. In 2013, its third year PQEs received a pay rise of […]
Patton Boggs has handed over $15m to Chevron and issued a statement of regret, bringing to an end its high-profile legal battle with the oil giant. A month after the firm vowed to defend the “below the belt” counterclaims brought against it by the oil giant, the firm has settled claims against it with a […]
Pinsent Masons’ move to set up a training contract focused on the Middle East underlines the commitment that firms have to make to grow their own talent, rather than relying on laterals. Hogan Lovells did the same in Moscow and Davis Polk in Hong Kong: who’s next? Pinsents launches joint UK and Middle East training […]
Earlier this year, some Freshfields partners left the magic circle firm to set up arbitration boutique Three Crowns. It was the most dramatic manifestation of a trend that has seen leading litigators and arbitrators quit global firms. Is a big-name law firm brand no longer necessary for this area of law? Arbitration: Little big league […]
Clydesdale Bank has launched its first panel review since appointing general counsel Jennifer Darbyshire in 2012 and overhauling its legal team. Tender invitations were sent out last month to several firms not on the current list as well as the 14 firms already on the bank’s panel. For the first time the bank’s commercial real […]
The top 100 independent firms saw a collective rise in turnover of just under €200m last year, exclusive research for The Lawyer European 100 2014 has revealed. Europe’s largest firms together brought in €8.2bn of revenue in 2013, up from just over €8bn in 2012 – a rise of 2.4 per cent. Iberia’s Garrigues remains […]
E-commerce giant Amazon is bulking up its legal capability in Europe, with lawyers from Allen & Overy (A&O), Eversheds and Moneygram the latest to join. Eversheds senior associate Ben Cavender and Moneygram senior legal counsel Oleysa Leary are both expected to join Amazon next month. Cavender is understood to be relocating to Luxembourg in order to manage […]
For the first time, The European 100 takes a look at the international firms operating in Europe The European 100 has traditionally focused exclusively on independent firms. This approach excluded any firm that is a member of a branded international alliance and the European offices of international networks – although many firms operate a Swiss […]
It’s been a hard slog, but European firms are finally growing, with combined turnover up by €200m to hit €8.2bn in 2013 This year marks the fifth year in a row that The Lawyer has produced the European 100. Our annual ranking of the continent’s top 100 independent law firms has evolved over that time […]