Newly-qualified (NQ) lawyers have seen salary levels soar over the last decade. In 2014, a fresh-faced Clifford Chance lawyer could earn £67,500; that figure reached £150,000 this summer. It is US firms that have inflated the pot with constant base raises that align London and New York operations. But the ripples spread outwards. When Quinn […]
Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
NatWest’s former chief executive officer is stepping into a new role at Mishcon de Reya, well over a year after leaving her post at the bank. Alison Rose joins Mishcon as an adviser following a 23-year long career at NatWest, where she started as managing director for leveraged finance before rising through the ranks in […]
33 Chancery Lane is undergoing a mass operational overhaul and rebrand, hiring its first chief executive, three new barristers and moving premises. The 19-barrister set, led by Kennedy Talbot KC, has hired Outer Temple’s practice director Sam Carter as chief executive and director of clerking to help guide the chambers through its new chapter. Carter […]
Eversheds Sutherland has anointed its next co-CEOs for the international and US sides of the business, as Lee Ranson and Mark Wasserman prepare to step down. Eversheds Sutherland partners have decided that managing partner Keith Froud will take the reins from Ranson, while Austin-based global energy co-head Lino Mendiola will replace Wasserman in the US. […]
Kennedys has appointed its first chief knowledge officer, who has moved across to the UK insurance firm from US powerhouse Paul Hastings. Having previously developed Paul Hastings knowledge management strategy at a global level, Catherine Goodman will now be in charge of heading Kennedys knowledge strategy. Goodman was director of innovation and knowledge management at […]
A solicitor has been fined by the Solicitors Disciplinary Tribunal (SDT) after appearing on an antisemitic TV show that “took the form of a wide-ranging attack” upon Mishcon de Reya. Mohammed Akunjee, who has over 30,000 followers on X, has been fined £6,500 and ordered to pay £30,000 in costs after appearing in a TV […]
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