Civil and criminal set Seven Bedford Row is celebrating a nine per cent income increase – but revenue per barrister has dipped below the £200,000 mark after a hiring spree. The set’s turnover rose to £15.3m in 2006 from £14m last year, but with 77 members including 18 silks, average revenue per barrister dropped to […]
Pillsbury Winthrop Shaw Pittman has overhauled its management team, electing real estate partner James Rishwain as chairman and installing a new board. Stephen Hutler, managing partner of Shaw Pittman before its merger with Pillsbury Winthrop, becomes executive vice chairman. Hutler and Rishwain will lead the firm, taking over from chair Mary Cranston and managing partner […]
The government has finally approved the Law Society’s new conflicts of interest rules, nearly a year after they were drafted. The rules, clarifying what solicitors must do in cases of conflicts of interest and with regard to confidentiality and disclosure, prompted a barrage of criticism when they were published in June 2005. The proposals were […]
Clifford Chance’s revenues are set to break through the £1bn barrier this year in preliminary figures released by the firm. The figure would be a rise of at least nine per cent on last year’s fee income of £914m. Meanwhile, partners at the top of the lockstep are expected to earn at least £850,000, up […]
Revenues at Field Fisher Waterhouse has hit the £60m mark, boosting turnover by 15% this year. Profit per equity partner also showed solid double digit growth, breaking through the £400k barrier to reach £466k, an increase of 19%. The firm is on course to meet its target turnover of £75m by 2008, a figure which […]
Longtime collaborators DLA Piper Rudnick Gray Cary and Phillips Fox are set to formalise their relationship. DLA Piper is in advanced talks with the Australian firm to form an alliance. The two firms already refer work to each other. DLA Piper joint chief executive Nigel Knowles told The Lawyer: “Phillips Foxhas been known to us […]
Freshfields Bruckhaus Deringer has appointed London partner Chris Morris as global real estate practice head, with Friedrich Heilmann to act as his deputy. Morris takes over from Johannes Conradi and Geoff Le Pard who have jointly led the real estate group since August 2000 and will now return to full time client work. The real […]
A group of seven leading criminal barristers this morning (4 May) confirmed the establishment of a new ‘super set’ in Smithfield. As first revealed by The Lawyer (27 February 2006), Cloth Fair Chambers is being set up by five barristers from Hollis Whiteman Chambers, plus two other notable criminal silks. The seven founders include Julian […]
Richards Butler has raided Stephenson Harwood, taking shipping litigation partner Mark O’Neil, marine manager Ron Clark as well as a team of assistants. Previously a captain in the British army, Mark O’Neil qualified as a lawyer in 1994 and became a partner at Stephenson Harwood in 2002. Ron Clark is an admiralty lawyer and a […]
Beachcroft Wansbroughs is set to hire two external non-executive directors as it marks its conversion to LLP status with the formation of a new management board. The firm converted to LLP status on Monday (1 May) and has also changed its name to Beachcroft. The seven-partner management board will make strategy and management decisions and […]
Bird & Bird has appointed eight new partners, seven of which work in the firm’s European offices. Germany promoted three, the most new partners of any jurisdiction. Fabian Niemann was promoted in the Frankfurt IT practice, with corporate partner Jiri Jäger and competition specialist Jörg Witting appointed in Düsseldorf. Italy received two new partners, finance […]
Freshfields Bruckhaus Deringer and Simmons & Simmons have become the latest firms to announce significant pay rises for their associates. Both firms have increased newly qualified salaries to £55,000 to match the amount paid by Linklaters, which raised its salaries with effect from 1 May. Freshfields has also increased the salaries of second-year associates by […]