Eversheds’ latest LLP accounts reveal that the firm spent £8.5m on restructuring and new lease provisions following its strategic review in January 2013. In May Eversheds cut 116 roles (24 May 2013), having put up to 166 jobs at risk across its UK and Asia offices, and closed in Copenhagen as it sought to realign […]
Bird & Bird’s net debt rose last year by 20 per cent to €27.1m (£22.4m), the firm’s LLP accounts have shown. Bird & Bird, which calculates its accounts in euros, recorded an overdraft and revolving credit facility of €21m in the year ending April 2013, up from €13.6m the year before. The larger overdraft facility pushed […]
Compromising in a relationship can be tricky enough when there are just two people involved. Imagine the headache when two firms marry to become a 1,300 staff, 770-lawyer outfit. The compromises could be life-changing. Wragge & Co will drop its all-equity partnership structure after it merges with Lawrence Graham (LG) in May. For the time […]
Allen & Overy’s Jeffrey Sullivan is speaking at the Energy Charter Treaty Conference, ‘20 Years of the Energy Charter Treaty’, on 7 March in Paris. The conference is sponsored by the Energy Charter Secretariat, the International Centre for the Settlement of Investment Disputes and the Arbitration Institute of the Stockholm Chamber of Commerce. Allen & […]
The EU believes strict regulation is the path to online security, and accountants are already lining up to seize the advice work As action heroes go, the sombre-suited members of the European Commission and their hordes of faceless Eurocrats aren’t a patch on a pumped, bloodied Bruce Willis in his sweat-soaked vest. But the commission’s […]
Wragge & Co is to temporarily relinquish its all-equity partnership model as it aligns its remuneration structure with Lawrence Graham (LG), The Lawyer can reveal. The two firms will merge in May to create a £170m firm under the brand Wragge Lawrence Graham & Co (13 December 2013). A remuneration committee will assess all of LG’s […]
In-house corporate and financial sector legal departments should place themselves at the centre of their businesses’ cyber security strategies, a leading global technology general counsel has said this week. Pavel Klimov – the general counsel (Emea) for US-based technology giant Unisys, which turns over $3.7 billion annually – told The Lawyer in an exclusive interview […]
Great news for junior lawyers: trainee retention rates are on the up. Over the past month many firms have issued upbeat bulletins on their spring qualifiers and the trend is uniformly good. Top of the pile are Nabarro, Olswang and Osborne Clarke, which all scored 100 per cent, but the following firms have also released strong figures: Ashurst (96 […]
Slaughter and May has seen 10 partners retire over the last 12 months. Reporter Natalie Stanton asks what that means for career progression at the firm. News of Ruth Fox’s retirement is a big deal for Slaughter and May. Not only did she break the glass ceiling for women at the firm – becoming its […]
With his techie background, Unisys GC for Emea Pavel Klimov is well placed to understand how lawyers can help combat the cyber threat Mention cyber security to many in-house general counsel and the result will be a soft cough, an averted gaze and the sound of shuffling feet. For most, the world of cyber attacks […]
Move of the Week Barclays has hired Lloyds Banking Group’s (LBG) head of legal for channels and intermediaries within the retail & wealth division Sian McIntyre. McIntyre has been in senior legal roles within the retail and wealth department since 2008, initially working as head of legal for corporate and commercial. She will join Barclays […]