ABS News and Analysis

Lloyd's of London

Foran Glennon gains SRA approval for London launch under ABS licence

27-May-2015 | By Natasha Bernal

US firm Foran Glennon Palandech Ponzi & Rudloff has received approval from the Solicitors Regulation Authority (SRA) to launch a London office operating under an ABS licence.  

Devitt

EY plans Manchester growth around former Addleshaws managing partner

22-May-2015 | By Jonathon Manning

EY has announced the appointment of two partners from Addleshaw Goddard, including former managing partner Paul Devitt, in a bid to develop a Manchester legal services offering.

exchange trading floor stocks shares AIM FTSE

Gateley seeks to entice investors and growth capital with first UK legal IPO

13-May-2015 | By Jonathon Manning

Some three years after the implementation of the Legal Services Act, Gateley has announced its intention to be the first UK law firm to launch an initial public offering (IPO).

Redundancy

Exclusive: Redundancy consultation at Plexus Law to see mass exits by legal and support staff

7-May-2015 | By Tabby Kinder

Plexus Law has launched its second large scale redundancy consultation in under a year, which is expected to affect the jobs of 80 legal secretaries and support staff and see up to 10 lawyers leaving the firm in May.

london Thames Parliament Big Ben Westminster

Schillings converts to LLP status

5-May-2015 | By Jonathon Manning

Schillings has converted to a LLP and will be registered as Schillings International LLP with effect from 1 May 2015.

Barristers

BSB reveals names of 15 new approved barrister-led "entities", including one QC Ltd

29-Apr-2015 | By Tabby Kinder

The barristers’ regulator, the Bar Standards Board (BSB), has revealed the names of the 15 new businesses that have been authorised as entities.

London

Parabis appoints COO Powell as CEO in board level reshuffle

28-Apr-2015 | By Jonathon Manning

Parabis has announced a number of changes to its board, including the appointment of chief operating office (COO) Jason Powell as group chief executive.

Bambos Georgiou Mishcon

Mishcon appoints first non-lawyer to partnership in wake of ABS licence

16-Apr-2015 | By Tabby Kinder

Mishcon de Reya has promoted the first non-lawyer to its partnership, chief operating officer (COO) Bambos Georgiou, two months after its ABS licence was approved by the Solicitors’ Regulation Authority (SRA).

London

Cahill Gordon & Reindel hires first UK-qualified partner and gains ABS licence

10-Apr-2015 | By Natasha Bernal

Cahill Gordon & Reindel has hired Shearman & Sterling partner Richard Kelly to build its London litigation practice, as the firm becomes the first US outfit to be licensed by the Solicitors’ Regulation Authority (SRA) as an ABS.

Co-op

Co-op Legal Services revenue drops by a third to £23m in 2014 following regulatory changes

9-Apr-2015 | By Natasha Bernal

Co-operative Group Legal Services (CLS) revenue has dropped by a third from £32m to £23m due to “regulatory changes”, according to the group’s annual results released today (9 April).

Cambridge

Cambridgeshire and Northants councils launch LGSS Law through ABS licence

1-Apr-2015 | By Natasha Bernal

Cambridgeshire and Northamptonshire county councils have launched an ABS, known as LGSS Law, today (1 April 2015) after gaining a licence from the Solicitors’ Regulation Authority (SRA).

slater gordon advertisement

Slater & Gordon set to hand over £700m for Quindell professional services arm

30-Mar-2015 | By Tabby Kinder

Slater & Gordon is poised to buy insurance outsourcer Quindell’s professional services arm for around £700m overnight on Monday (30 March) before the exclusivity period on its acquisition right expires.

Hugh Peart

Harrow legal head adds Bucks job to remit as public sector consolidation continues

25-Mar-2015 | By Tabby Kinder

HB Public Law founder and head of legal for Harrow, Hugh Peart, has taken on an additional role as head of legal for Buckinghamshire County Council, effective from 1 April.

Lloyd's of London

Parabis expands insurer relationships with RSA ABS partnership

13-Mar-2015 | By Richard Simmons

Insurance giant RSA has launched an alternative business structure (ABS) to take its first steps into the legal market, teaming up with Parabis to obtain a licence.

mishcon_317 home

Mishcon joins growing number of top 50 firms with ABS licence

27-Feb-2015 | By Joanne Harris

Mishcon de Reya has become the latest top 50 firm to gain an ABS licence, some six months after lodging its application with the Solicitors’ Regulation Authority (SRA).

Editor's Note

Business Leadership Awards: get your submissions in

21-May-2015

There is now just over a week to go until the entry period for this year’s Business Leadership awards closes. We have had a phenomenal response, with already more entries across a broader range of legal services providers than ever before.

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Management News

barrister bar bptc

Hogan Lovells executive manager May joins 42 Bedford Row chambers as CEO

24-Apr-2015 | By Tabby Kinder

Hogan Lovells executive manager Neil May has been appointed chief executive of common law set 42 Bedford Row following a unanimous vote by the chambers’ executive board.

cape of good hope, south africa

Webber Wentzel's Sally Hutton: We want to be the dominant South African law firm

27-Mar-2015 | By Joanne Harris

The Lawyer’s Africa Elite report is published on Monday (30 March). Ahead of that the first-ever managing partner of Webber Wentzel, one of South Africa’s oldest and largest firms, unveils her plans for the future.

Neville Eisenberg top story

BLP's outgoing managing partner Eisenberg wins senior partner role

26-Mar-2015 | By Natasha Bernal

Berwin Leighton Paisner managing partner Neville Eisenberg has been appointed in an uncontested election to a four-year term as the firm’s senior partner, effective from 1 May.

noerr

Noerr continues run of growth with 7 per cent turnover rise in 2014 to €197.2m

26-Mar-2015 | By Joanne Harris

German firm Noerr has announced another strong year with turnover rising by 7 per cent to €197.2m (£145.2m) for 2014, up from €184.5m the previous year.

Taylor Wessing4 317

Taylor Wessing opts for all-equity partnership in the UK following restructuring review

26-Mar-2015 | By Natasha Bernal

Taylor Wessing has opted for an all-equity partnership in the UK following a review of its merit-based equity structure, while maintaining a two-tier system outside of the country.

Alison Foster QC

39 Essex drops 'street' from brand ahead of office move and appoints first female head of chambers

26-Mar-2015 | By Tabby Kinder

39 Essex Street Chambers has dropped the ‘street’ from its name ahead of its move to 81 Chancery Lane in September.

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Management Analysis

Sadanandan

International Top 30 Firms in London 2015: the executive summary

18-May-2015

This year’s International Top 30 reveals a market in excellent health. As this executive summary of the report shows, taking just revenues alone, these firms’ finances have gone through the roof.

Merger mania

Mergers: bigger is not always better

27-Apr-2015 | By Natalie Stanton

Merger activity over the past three years shows a trend for consolidation, but UK 200 data shows not all tie-ups create a better balance sheet.

Hot 100 logo

Hot 100: management roundtable – Who dares, wins

13-Apr-2015 | By Catrin Griffiths

The legal market is having to adjust to a rapid pace of change, but there’s all to play for if you’re willing to break the mould. A selection of this year’s Hot 100 tell us their game plan.

barrister bar bptc

Blackstone hunts for juniors to plug gaps as elite bar talent war rages

17-Mar-2015 | By Tabby Kinder

Blackstone Chambers is looking to recruit junior tenants this year after losing a number of its mid-level commercial barristers.

Gen Y

Recruiting Generation Y

2-Feb-2015 | By Richard Simmons, Becky Waller-Davies

Generation Y law students have distinct career priorities and progressive values. They aren’t seduced by traditional recruitment campaigns, which has prompted a flurry of firm branding overhauls – with varying success.

IndexImage

From In-House Counsel to Business Partner Conference: What the speakers said

12-Jan-2015 | By Natasha Bernal

How should GCs manage risk, gain commercial nous and say ‘no’ the right way? Lawyers converged at the inaugural In-house Counsel to Business Partner conference to find out Headline Sponsor of The Lawyer Conference, From In House Counsel to Business Partner

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