Slaughter and May has increased its trainee and associate remuneration for the second time in two years, with newly-qualified lawyers receiving a pay hike of up to 3.2 per cent. NQ’s are set to receive the biggest pay rise, seeing their remuneration jump up from £63,000 to £65,000 on 1 May 2014. The salary for […]
King & Wood Mallesons has made up 26 new partners across its network since last July, including nine latest promotions in Europe and the Middle East. Among the 26 newly promoted partners, 10 are in China, seven in Australia and nine across Europe and the Middle East. The promotions in Australia and China were first […]
This year’s May Day will mark the launch of various mergers, notably the £277m tie-up of CMS Cameron McKenna and Dundas & Wilson. But the traditional spring holiday will bring bad news to some, with the two firms together axing 60 support roles ahead of their merger deadline. The cuts include 40 support roles at […]
A storm is brewing in the litigation funding market as questions are raised over the source of Argentum’s financial capital. Now the funder has exited the Association of Litigation Funders. Reporter Kate Beioley investigates. The Association of Litigation Funders (ALF) is in a jam. When it lets in new members it can ask how much […]
Allen & Overy has advised Vivendi on the sale of SFR. Vivendi’s supervisory board examined the two offers received from Altice SA and Bouygues and decided to enter into exclusive negotiations with Altice for a period of three weeks. The Altice offer consists of a €11.75bn (£9.7bn) payment to Vivendi and a 32 per cent share in […]
Tesco has dropped Ashurst as one of its preferred real estate firms, instead reinforcing its relationship with longstanding adviser Berwin Leighton Paisner (BLP) In the past, Ashurst, BLP and Clyde & Co have picked up property mandates from the supermarket giant. However, Ashurst will no longer be instructed on real estate matters by Tesco, and […]
Eversheds has commented on news concerning the tax affairs of Bernie Ecclestone’s family. Ben Jones, tax expert at the law firm, said proper settlement procedures are key to so-called sweetheart taxation deals. He said: ‘This is not the first time HMRC has settled high-value tax disputes for a significantly lower amount than the tax at […]
Eversheds has made up 12 lawyers in the UK and nine internationally, adding a total of 21 to its partnership with effect from tomorrow (1 May). Last year Eversheds made up 28 lawyers, with more than 60 per cent of the new partners based outside the UK (30 April 2013). This year the firm’s company […]
Berwin Leighton Paisner (BLP) has formed an alliance with Indonesian firm Mataram Partners as its newly launched Asia Network continues to expand. Mataram Partners has become the second member of BLP’s Asia Network, which it launched in March this year with a Myanmar firm (13 March 2014). Mataram is a Jakarta-based firm led by senior […]
Fladgate has kicked off the 2013/14 financial reporting season by posting a 16 per cent rise in turnover, with total revenue hitting a record £32.6m. The firm has also reported a provisional 29 per cent increase in average profit per equity partner (PEP), taking PEP from £406,000 to £524,000. Fladgate’s chief operating officer John Goreing […]
A raft of firms, including Slaughter and May and Shepherd & Wedderburn, have lined up to advise on Wolfson Microelectronics on its acquisition by Texas-based Cirrus Logic. The recommended cash offer values the Edinburgh audio chipmaker stands at around £291m, and will be effected by a scheme of arrangement run through the Scottish courts. Slaughter […]
Our weekly leadership interview regularly has among the highest views on our site. And no wonder; with profiles of the managing partners at top firms such as Olswang, DWF, RPC, Taylor Wessing and DLA Piper, you can get an inside track on what’s going on in private practice. Olswang’s CEO Stewart: Consolidation in the mid-market […]