The cash boom that many firms enjoyed during the Covid-19 pandemic has been replaced with a surge in borrowing as costs rise and firms ready themselves for equity partner tax reforms. Early analysis of 2023/24 reveals that at least 20 per cent of the UK200 firms (43 of 200) increased their borrowings last year, while […]
The CEO of Danish big five firm Bech-Bruun is set to leave the firm later this year, marking the latest in a number of exits the firm has seen in 2024. Christian Ejvin Andersen formally resigned from the firm this month and will see out a six-month notice period. He joined Bech-Bruun in 2014 from […]
A Clifford Chance partner is one of those feared missing after a British yacht sank off the coast of Sicily. Clifford Chance partner Chris Morvillo is among the passengers missing along with former DWF chairman Jonathan Bloomer. The superyacht Bayesian was hit by a powerful storm in the early hours of the morning of Monday […]
US giant Simpson Thacher & Bartlett has been referred to the Solicitors Disciplinary Tribunal (SDT) by the Solicitors Regulation Authority (SRA) over allegations relating to failures with anti-money laundering regulations. The SRA alleges that Simpson Thacher failed to have in place a compliant “Firm Wide Risk Assessment” (FWRA) between 2017 and 2023, and between 2017 […]
Boodle Hatfield has revamped its soft skills training format from traditional hour-long business development sessions to short-burst group calls done over several weeks. The new programme, introduced by business development director Lucy Rao, covers topics including sales, networking, pitching and LinkedIn usage. Each topic is covered over three 15-minute Teams calls spread over two weeks. […]
Trowers & Hamlins has cut its trainee intake for 2026 ahead of next year’s launch of solicitor apprenticeships. The firm has 57 trainees and takes on about 28 or 29 trainees every year. As of 2026, the firm plans to take on 26 trainees to account for the new solicitor apprentices who will join in […]
The North West Legal Consortium (NWLC) has revamped its solicitors framework panel, bringing in eight new firms and dropping seven others. In total, 15 firms have been selected for the new panel, which is set to operate for four years between 1 August 2024 and 31 July 2028. The eight newcomers are Brodies, Capsticks, Hill […]
After months of negotiations, The Spectator Magazine has been sold to hedge fund tycoon Paul Marshall, with four firms in action. White & Case led for Marshall and Old Queen Street Ventures (OQS Media) on the acquisition. The acquisition follows a receivership process undertaken last year by Lloyds Banking Group and the acquisition of a […]
Cooley has bulked up its emerging companies and venture capital practice with a partner trio joining from three different firm. Angus Miln, Ali Ramadan and Helen Pantelides have joined the firm, adding to its offering for private companies and investors in high-growth, disruptive industries. Miln joins from Taylor Wessing, where he has been head of […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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Over the last decade, the UK’s Top 50 firms have trialled a variety of tactics to satisfy an incessant demand for revenue growth. Consolidation has been a feature of the decade, with ‘critical mass’ becoming a key term used by managing partners as they push forward their growth agendas. Internationalisation too is a hallmark of […]
A&O Shearman is looking to cut 10 per cent of its global partnership, but it’s doing so in a year in which its London recruitment team has been at its busiest. The firm has hired eight lateral partners in the City so far this year and last week’s announcement of “planned business changes” does little […]
Before financials season got fully underway, The Lawyer took a look at the firms most likely to hit the milestones of £2bn, £1bn and £500m. There were not many, highlighting the challenge for firms to grow bigger and profitably. Of the seven likelies, just two definitely managed it – Linklaters and Bird & Bird – […]
For years, particularly since 2016 and the vote for Brexit, much has been written about the odds of London’s decline as a world financial hub. Most of it has focused on deal and investment activity. But there’s another metric, one that amply underlines the sheer pulling power of the City and suggests that far from […]
“I’ve seen the future, and it’s porn, sharks and Nazis.” Twitter hadn’t even been founded at the time, but the above quote from the niche 2005 sitcom Bromwell High turned out to be unintendedly prophetic when considering the journey of one of the planet’s largest social media companies. Once ‘the world’s town square’, Twitter, latterly […]
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Eversheds Sutherland believes it can grow partner numbers across its four Benelux offices to more than 40 in the next five years as part of a concerted push to become an major player in the region. The partner headcount growth would represent an increase of almost two-thirds (60 per cent) by 2029 from its current […]
Three firms are at the helm of a new joint venture deal between Barratt Developments, Lloyds and the UK Government to accelerate the delivery of housebuilding across the UK. The arrangement will see the three businesses collaborate as part of the Made Partnership, which intends to act as the master developer for multiple large scale, […]
Weil Gotshal & Manges has recruited an in-houser from pension investor PSP Investment, in a move that aims to strengthen its London finance group. Nicola Noël joins the US firm as a partner, having been a senior legal director at PSP. She works on leveraged finance matters, advising private credit funds, sovereign wealth funds, pension […]
Myerson has become the third firm in the UK200 to transition to an employee ownership trust (EOT), in a move that bucks the trend of consolidation and private equity takeovers in the mid-tier. The Manchester-based firm – which focuses on disputes, corporate, real estate and private client work – completed the restructuring process at the […]