22 June 2009
Ashurst’s corporate practice missed budget by around 20 per cent for the last financial year, dropping to around £60m.
Canada’s traditional cautiousness served it well when the crunch hit and its law firms are now taking advantage of their domestic clients’ newfound sense of adventure.
Clifford Chance and Lovells are involved in the preliminary stages of real estate investment trust (Reit) Segro’s proposed takeover of rival Brixton - a move that would create the largest industrial property company in the UK.
A year after voting for closer integration, the nine firms in the CMS network have hailed the progress of the alliance a success.
Local authority lawyers are embracing private practice methods as the sector faces increasing pressure to modernise
Six lawyers have left the partnership at Denton Wilde Sapte across the banking, corporate, dispute resolution and tax departments since the end of March.
The interim head of legal at Durham County Council has left to set up a dedicated public law group at Dickinson Dees.
DLA Piper has cut 9 per cent of its Middle East workforce in a second round of job cuts in the region. A total of 22 people, comprising one partner, eight fee-earners and 13 support staff, have been cut from across the firm’s offices in the region, with Dubai being hit with around a third of the total job losses. A spokesperson confirmed that notice periods varied on a case-by-case basis according to ...
The perils of operating in the Russian market were highlighted last week when the Moscow offices of DLA Piper and White & Case were raided by government authorities.
Eversheds advised the Department for Transport on its £534m South Central rail franchise, which has been awarded to Dickinson Dees client Southern Railways.
Finally, Maher gets to run his own show - with his name on the door. The best thing about setting up Greenberg Traurig’s European operation, says Paul Maher, is the autonomy.
Inherent cautiousness means new office is not the product of whimsy.
Partnerships for Schools (PfS), the public body charged with supporting the Government’s Building Schools for the Future (BSF) programme, has launched an expanded panel after placing costs at the centre of the review.
The Premier League continues to attract foreign investors in need of expert legal advice.
Hammonds’ London office has created the role of finance director in a bid to encourage better cash collection by partners, while also naming five international office liaison partners to improve communication and referrals throughout the network.
The consortium attempting to take control of Portsmouth Football Club has dumped legal adviser Hammonds midway through the bidding process.
Herbert Smith’s retention rate for trainee solicitors due to qualify in the autumn has dropped to 74 per cent. The top 10 law firm has confirmed that it is holding on to 48 out of 65 of its newly qualified (NQ) lawyers. In contrast, Herbert Smith’s retention rate for September 2008 and spring 2009 qualifiers was 89 per cent and 86 per cent respectively. A growing number of firms have reported plummeting retention rates as a result of the recession, including
Herbert Smith and SJ Berwin have advised on the £127m acquisition of Addleshaw Goddard’s City offices by Al Salam Bank and investment house Evans Randall from UBS Asset Management.
Linklaters has followed up its success in the Business in the Community (BitC) CSR [corporate social responsibility] Charter by becoming the first law firm to be awarded the Community Mark. Linklaters was one of nine organisations to be given the award, which is assessed by BitC and endorsed by the Prime Minister. The firm spends 0.5 per cent of its pre-tax profit on community schemes, such as the ‘Link ...
Litigation funding is a complex market, but it’s up to solicitors to ensure they’re able to keep clients fully informed of what’s available.
The downturn has proved a fertile environment for the rise of litigation funders. James Delaney examines the evidence
Mayer Brown is in advanced talks with teams from several firms in London to significantly bulk up its capital markets and corporate practice groups in the City
Mishcon de Reya is to revamp its private client practice to bring its flagship family practice into the fold.
Monckton Chambers has set the bar for other sets to beat after unveiling a 30 per cent jump in turnover to £17.2m at the 2008-09 year-end.
Did you know that as a citizen of the EU it is almost impossible for you to challenge decisions made by community institutions in the European Court of Justice (ECJ)? This right is available to individuals and environmental organisations challenging decisions in the UK and much of the EU, but not the European Community.
Allen & Overy (A&O) has boosted its IP litigation practice with the hire of Neville Cordell and Huw Evans as partners.
National firm to outsource litigation work to South Africa as offshoring revolution gathers pace
Many people in their 50s are just getting round to thinking about retirement. But Last Cawthra Feather trainee Steve Willey has other ideas. Willey, who bagged a training contract with the Yorkshire-based firm aged 56, is looking forward to qualifying as a solicitor specialising in employment law in March 2011.
Mining giant Rio Tinto has embarked on an outsourcing project that will see part of its internal and external legal needs outsourced to India.
Slaughter and May has advised longstanding client Punch Taverns on a £350m rights issue, the second of its kind in the pub industry.
With a raft of issues in her own back yard, Southwark’s legal chief Deborah Collins keeps her team’s focus local.
London set 20 Essex Street and members of Essex Court Chambers are in advanced talks to take space in Singapore’s flagship arbitration centre Maxwell Chambers, The Lawyer can reveal.
Lovells has long coveted magic circle membership and, while the firm’s not quite there yet, senior partner John Young has at least come close.
As a topic for conversation, legal outsourcing is as close to yawn-inducing as you can get, but if the IT speak is stripped away it’s clear that there’s something of a quiet evolution going on in the legal market
Clifford Chance, Linklaters, Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have led on the $13.5bn (£8.20bn) sale of Barclays Global Investors to BlackRock.
Where’s the best place to go if youwant to find out what’s really going on in the office?To see the accounts girls.