Moscow gold: For City lawyers, the oligarch era is over
The changing political environment is making life harder for the London lawyers servicing Russia’s super-rich.
The changing political environment is making life harder for the London lawyers servicing Russia’s super-rich.
Freshfields’ new branding, revealed this week by The Lawyer, has attracted plenty of attention for the deletion of its German heritage. But it’s also provoked deep scepticism. Lawyers who can barely use clip art are saying they could do better themselves, which is about as good an idea as getting graphic designers to draft an […]
Of the Top 10 fastest growing firms in The Lawyer’s Global Litigation 50 2024 (GL50), seven have headquarters in the UK. Given that there are only 10 UK firms in the GL50, which ranks the world’s 50 largest litigation practices, that’s not bad. Add to that, the fastest growing firm in the list, disputes giant […]
Major firms are redefining what it means to be a full equity partner
The Brits are back. We don’t mean the annual popular music jamboree at which microphones are dropped, singers’ bums are bared and popstars challenge each other to punch-ups. We mean UK-headquartered firms and their financial fortunes. For years, the contrast with their oppos from across the Atlantic, most of which have been beavering away driving […]
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 […]
The announced merger between South Coast firm Lester Aldridge and London’s Mackrell Solicitors has been called off at a late stage, The Lawyer can reveal. The two firms announced a tie-up in May, with the deal set to complete in September 2024. Lester Aldridge had a strong 2023/24, with revenue up 12 per cent from […]
Pump Court Chambers had £2.75m stolen from its accounts by its own former credit control manager, according to a judgment released today. Gillian Goodfield, who had held her position at the chambers since 2015, was found to have committed the alleged fraud, with the money “spent on her lifestyle”. 4 New Square’s Saaman Pourghadiri appeared […]
Stowe Family Law has new owners after being bought by Bahrain-headquartered private equity house Investcorp from Livingbridge for an undisclosed sum. It is Investcorp’s first foray into the legal sector. Livingbridge acquired the divorce-focused firm in 2017, after which it went on a huge expansion drive, opening more than 50 new offices across the UK […]
One of A&O Shearman’s recently hired lateral partners has resigned following a drink-driving conviction. Months since joining the newly merged firm, structured finance partner John Goldfinch has left A&O Shearman in response to being stopped by police in April. According to the Crown Prosecution Service (CPS), Goldfinch pled guilty to drink driving at Southampton Magistrates’ […]
Clyde & Co has transformed all its corporate loan facilities into sustainability-linked loans, providing a financial incentive to achieve its greenhouse gas emissions reduction targets. The firm first switched its credit facility with Barclays to a sustainability-linked credit facility in May 2023, which means the interest rate changes depending on whether or not Clydes meets […]
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