CMS Cameron McKenna’s partnership has elected Penelope Warne as its next senior partner, replacing the firm’s former managing partner Dick Tyler.
Partner rates at US firms in London have spiralled 87.5 per cent since 2009 with top-end hourly rates hitting £700 per hour, according to new research.
Osborne Clarke partners have elected Andrew Saul as the firm’s new senior partner, taking over from Tim Birt who has held the position since 2006.
Partner rates at magic circle firms have spiralled 62 per cent since 2005 with work-hungry top guns charging up to £850 per hour, according to new research.
More than 100 firms have ben warned to prepare for the worst case scenario after failing to secure professional indemnity insurance (PII) on the open market ahead of the 1 October renewal deadline.
Allen & Overy (A&O) is rolling out a new initiative featuring self-employed legal consultants aimed at topping up resource at peak periods of demand.
Deloitte has emerged as the dominant player in the UK law firm audit market, new research by The Lawyer has revealed.
Addleshaw Goddard’s Manchester-based Transaction Services Team (TST) celebrated its third anniversary last week, with the firm saying it is now ahead of its target of delivering 10 per cent of its work through the TST by 2015.
London set Wilberforce Chambers has appointed XXIV Old Buildings’ practice director Nicholas Luckman as its incoming practice director.
RPC is to scrap its flat rate salary for newly qualified (NQ) solicitors from September 2014 in favour of a merit based system, arguing that the concept of the flat rate has “passed its sell-by date”.
HowardKennedyFSI chief executive Mark Dembovsky has resigned from the firm after two years spent pushing through the merger between Howard Kennedy and Finers Stephens Innocent (FSI).
Latham & Watkins global chair and managing partner Robert Dell is to retire from the firm at the end of 2014, after almost 20 years in the role.
Olswang has reported un-audited half-year numbers that show an increase of 15 per cent on last year’s six-month revenue, with the technology, media and telecoms firm booking a total of £57.6m.
Vlad Panaite became director of finance and operations for Bracewell & Giuliani in June 2013, having previously been a senior manager at Ernst & Young.
Legal process outsourcing (LPO) provider Exigent has expanded its traditional business model with the acquisition of Bangalore-based contract lifecycle technology company mLegal.
Fladgate has posted a double-digit increase in turnover and a 10 per cent rise in profit for the 2013/14 half year, with a 15 per cent turnover hike to £14.84m over the like-for-like period.
The Solicitors Disciplinary Tribunal (SDT) has fined two Addleshaw Goddard partners £5,000 each after they were investigated over discrepancies relating to disbursements.
Clifford Chance has kicked off the nominations process for the London managing partner elections ahead of the end of David Bickerton’s term in December.
Manches went into administration two weeks after HM Revenue & Customs (HMRC) issued a notice of action after the firm paid just £90,000 of a £715,000 tax bill, The Lawyer can reveal.
Solicitors have called for a no confidence vote in the Law Society’s senior team, accusing Chancery Lane of “appeasement and abject surrender” over government proposals to slash legal aid rates.
If Berwin Leighton Paisner is to halt the stream of senior partner departures, it needs to make up its mind about its true focus and channel resources accordingly. By Kate Beioley
More than 150 firms could face closure after being unable to get professional indemnity insurance (PII) on the open market.
A welter of legal action could tumble out of Adobe’s admission yesterday that it had suffered a far greater breach of data security in a cyber attack earlier this month, leading technology lawyers warn.
San Francisco-based Orrick Herrington & Sutcliffe has begun merger talks with Pillsbury Winthrop Shaw Pittman, the latest move by the US firm under new boss Mitch Zuklie.
A leading City law firm has fought off sophisticated cyber attacks within the last fortnight, specialists revealed – ramping up fears that hackers view legal practices as a soft underbelly route to stealing sensitive client information.
11KBW’s first-ever chief executive David Stead is leaving the set to head up the fundraising side of Charities Aid Foundation.
SJ Berwin has broadened the managerial lineup for its real estate group, as part of the firm’s efforts to line up its practice management structure with KWM
Boodle Hatfield, which has the most expensive offices of this year’s UK200 firms, has confirmed that it is to move to new offices in London’s Bankside, with the firm’s flagship premises set to open in July 2014.
Ashurst’s newly-elected chairman Ben Tidswell plans to consolidate the firm’s current international footprint and push for profit growth as he prepares to take the helm from the firm’s current senior partner Charlie Geffen.
West Midlands firm DBS Law is to cut staff hours after posting record growth over the last year.
Mishcon de Reya has held its first-ever management elections for both the managing partner and heads of department positions.
Freshfields Bruckhaus Deringer global managing partner Ted Burke is leaving the firm to become general counsel and COO of Boston private equity firm Arclight Capital Partners.
Ashurst partners have voted “overwhelmingly” in favour of full financial integration with legacy Blake Dawson, now known as Ashurst Australia.
Clifford Chance has beaten stiff competition to be named Management Team of the Year at the inaugural The Lawyer Management Awards with the magic circle firm recognised for improved client experience.
Manches is close to sealing a merger with private client firm Penningtons in a move that would create a £60m firm of roughly 250 lawyers.
Elections are underway at Herbert Smith Freehills as the firm looks for successors to joint CEOs David Willis and Gavin Bell, who are retiring from the firm.
Manchester-based firm JMW Solicitors has secured £2.5m to invest in future growth by moving its banking facility from Royal Bank of Scotland (RBS) to Barclays.
Dentons’ former co-chief executive Howard Morris has resigned from the firm after two years as global integration partner.
Simmons & Simmons has added Peter Meyer and Alex Brown to its board in its latest round of periodic elections.
Hogan Lovells has pledged to examine its policies and procedures around workplace stress and mental health in the wake of the death of IP partner David Latham earlier this year.
Property-focused Kent firm Cripps Harries Hall has raided regional rival Brachers for its former managing partner.
Solicitors’ professional indemnity insurance rates are set to rocket following the withdrawal of underwriter Berliner from the market, leading insurance brokers have warned.
Complacency and laziness are two of the most damning charges levelled at private practice lawyers by corporate clients conducting panel reviews, leading in-house counsel have told The Lawyer.
Dundas & Wilson is to refocus on growth of its Scottish base, turning away from the firm’s previous strategy of building itself out as a major UK firm.
SGH Martineau has appointed Emma Shipp, the former head of legacy outfit Sprecher Grier Halberstam, as overall managing partner.
Insurance broker Aon Risk Solutions has stepped into the breach following the news that XL Insurance and AIG intend to significantly reduce their market share in the solicitors professional indemnity (PII) market.
Slaughter and May is considering updating its traditional career progression structure and could expand the role of special adviser and consultants.
Midlands firm Challinors is likely to be sold within the next fortnight, the new insolvency team administering the practice has told The Lawyer.
Partner benefits among the UK’s top 50 law firms include allowances for new luggage, cash for spouses and an on site GP, new research by recruitment consultancy Sainty Hird & Partners claims today.
Bircham Dyson Bell has brought all of its partners into the equity in a bid to improve partner engagement and make the firm more attractive for lateral hires.
Bond Dickinson has unveiled combined turnover of £98.3m since the merger between Dickinson Dees and Bond Pearce went live on 1 May.
Firms’ efforts to promote gender diversity in the profession appear to be failing, with the proportion of partners who are women falling at half of the UK top 20.
Media boutique Wiggin is to cancel its trainee scheme from 2015, citing client demand as the sole reason for the decision.
Freeth Cartwright is eyeing expansion into Leeds after several years of growth through merger and lateral hires.
Clyde & Co is eyeing further expansion in Africa, Latin America and the US during the current financial year after its international practices grew by 12 per cent in 2012/13.
The SRA has extended the term of office of chair Charles Plant for a year, with the former Herbert Smith litigation partner now stepping down at the end of next year.
The legal profession is a cash cow for public relation (PR) agencies, with UK Top 50 spending £3m annually on external PR advice, new research today claims.
Baker & McKenzie has shaken up the London management committee with partners Helen Bradley and Monica Kurnatowska added to the board.
Firm takes smart approach to billing and client engagement
Challinors calls in corporate recovery firm as it faces High Court battle over £250k loan from ex-client
Midlands firm Challinors is being sued over its alleged failure to repay a £250,000 loan and is in talks with corporate recovery specialists about the future of the firm.
German firm Gleiss Lutz is introducing paid one-month sabbaticals for associates and associated partners every three years in a move to improve the work-life balance of its lawyers.
Tunbridge Wells-headquartered Cripps Harries Hall will merge with fellow Kent firm Vertex Law at the end of September.
Baker & McKenzie’s London office will target emerging markets, global compliance and fixed-fee deals under a plan unveiled last week by new City managing partner Paul Rawlinson.
Latham & Watkins is putting its lawyers at the centre of its knowledge management (KM) strategy by rewarding them with full billable hours credit for time spent on approved projects.
The role of in-house lawyers is expanding beyond its traditional focus on legal work to include an increased focus on business issues, new research has revealed.
Pinsent Masons’ former dispute resolution and litigation head Nigel Kissack has joined South African legal process outsourcing (LPO) provider Exigent as global strategy consultant.
Berwin Leighton Paisner (BLP)-backed alternative legal services provider Lawyers on Demand (LoD) has recruited Financial Times (FT) general counsel Tim Bratton as practice development director.
Scottish firm Brodies has posted a 7.5 per cent rise in revenue and an increase of £75,000 at the top end of its equity spread.
SJ Berwin is in the early stages of talks to outsource its document production unit amid a surge by City firms to seek out more efficient ways of operating.
Macfarlanes has posted a revenue hike of 11.7 per cent for 2012/13, taking turnover above £110m, alongside a 16 per cent jump in net profit.
SJ Berwin has turned to management consultancy giant McKinsey & Company for the hire of its first chief operating officer (COO).
Eversheds’ partners have given support to the firm’s vision of change, with a majority voting in favour of a transformative strategy.
Herbert Smith Freehills (HSF) has overhauled its financial team with the introduction of two new roles, global chief financial officer (CFO) and financial director for UK, EMEA and Asia.
Law firms are falling short when it comes to the effective management of key client relationships, new research has found.
Squire Sanders is preparing to select new European and US managing partners as the terms of office for incumbents Peter Crossley and Stephen Mahon come to an end.
Walker Morris has named former Deloitte managing partner Stuart Counsell as its first non-executive board director.
People management, process efficiency and business development are the highest priorities for improvement among the UK’s top 200 law firms, The Lawyer’s exclusive research into change management has found.
Seddons has named residential property partner Simon Ross as its new managing partner, succeeding Robin Austin who stepped down earlier this month (12 June).
Lawyers on Demand (LoD), the Berwin Leighton Paisner (BLP)-backed legal resourcing business which has until now provided lawyers to in-house teams and other law firms on a secondment basis is rolling out a new pay-as-you-go service.
Taylor Wessing is set to put nearly 100 London roles in redundancy consultation as part of a restructuring of its secretarial function.
Addleshaw Goddard is rolling out a new legal process-mapping initiative across more than 40 of its primary transactions in an attempt to provide cheaper and more efficient services to clients.
Mid-market firms fret about their image, while the elite focus on pricing
There’s more to Ashurst’s Scottish venture than a quest for the lowest cost
As many as 160 UK firms are facing financial difficulties according to the Solicitors Regulation Authority (SRA), with eight judged as being at an “immediate risk” of collapse.
Norton Rose Fulbright has been forced to retain its legacy Fulbright & Jaworski banner as its registered name in the US temporarily for regulatory reasons.
Pinsent Masons is to launch a new product capable of monitoring compliance across thousands of suppliers simultaneously and flagging up breaches.
Olswang is expanding its back office financial analysis team in an effort to meet a growing demand from its lawyers for pricing-related data and market intelligence.
Herbert Smith Freehills (HSF) has increased pay for its trainees, newly-qualified (NQ) lawyers and those at various levels of post qualification experience (PQE).
Field Fisher Waterhouse (FFW) has agreed a deal to move its entire London operations into one site overlooking the River Thames after originally considering two other buildings in the City.
Linkaters has reshuffled its international board, with four partners voted onto the senior governance body including City capital markets specialist Paul Lewis.
Insurance business BGL Group, the owners of insurance website comparethemarket.com, has acquired volume personal injury firm Minster Law.
Ashurst has appointed external members to its UK and Australian management boards for the first time, in a move that demonstrates the slow but increasing trend for City law firms to bring in non-executive directors to provide outside experience.
Lawyers are the most loyal and hardworking professionals in the UK, new research by legal recruiter Robert Walters claims today.
Bird & Bird this week confirmed that it had signed up to one of the largest pre-lets ever handled by Great Portland Estates (GPE), a 12 storey, 142,500 sq ft new office space at 12/14 New Fetter Lane.
Joanna Worby is Brachers’ first female managing partner. She joined the firm in 1991 as a trainee solicitor and became a partner in 1999.
Operational functions are returning in-house in what could be a sea change
Osborne Clarke (OC) has confirmed one redundancy following its major move away from outsourcer Integreon, which has resulted in 80 staff members returning to the firm.
Mills & Reeve and Manchester firm George Davies are to vote on a potential merger within the next few weeks after both firms confirmed that they were in talks .
Simmons & Simmons’ director of business transformation Abby Ewen, one of the best-known IT professionals in the UK legal market, has left the firm and joined Berrymans Lace Mawer as IT director.
Jones Day is completely refurbishing its London office, which has seen headcount grow dramatically in recent years, in a bid to avoid a costly premises move.
Winckworth Sherwood has elected new senior and finance partners while handing another term to managing partner Roger Fitton.
The head of court of protection at Pannone’s Manchester office has left the firm to set up his own court of protection outfit with former Pannone partner Rachel Dobson.
Camerons is shutting down part of its facilities services arrangement with Integreon, becoming the latest in a growing number of UK firms to change elements of its relationship with the outsourcing provider.
Bird & Bird has re-elected CEO David Kerr and chairman Michael Frie for a further three years.
City firms should cut salaries significantly for newly qualified (NQ) lawyers if they are to halt a jobs exodus to the regions and in-house legal departments.
Freshfields Bruckhaus Deringer is set to amalgamate its IP and IT practice into its corporate and disputes groups.
A legal and business postgraduate qualification launched by Reed Smith and BPP last year is to be made available on the open market from this September.
North West firm Marsden Rawsthorn has been acquired by its partners in a management buyout (MBO) after going into administration.
Birmingham-based Anthony Collins has continued its recruitment investment plan with the hire of Rob Adams as its first head of risk and compliance.
The legal market’s most-talented and influential professionals will be celebrated later this year.
Dechert’s London office has revealed a 44 per cent increase in revenue following a year characterised by aggressive hiring across the City.
Hill Dickinson is launching an office in Monte Carlo in a bid to boost its yacht and shipping practices.
Eversheds has formed a new management team in Asia and entered into a relationship with Danish firm Rønne & Lundgren following its Copenhagen closure.
Field Fisher Waterhouse (FFW) has announced a new leadership structure that will see acting chief Michael Chissick take on the managing partner role in full.
The managing director of a Newcastle personal injury firm is expecting to generate a salary package of £10m by the end of the financial year, making him one of the most highly remunerated members of the profession.
Clyde & Co and Eversheds have both launched sector-focused social networking programmes aimed at increasing business development activities, particularly among the firm’s associates.
Almost half of law firm partners think they should be paid more than they are currently, a survey on partner pay and performance by BDO has found.
Salaries for most business support professionals in UK law firms rose last year despite the ongoing tough economic climate, new research has found.
Clyde & Co senior partner Michael Payton is to stand down next year after leading the firm for 28 years, triggering senior partner elections at the firm.
A growing number of ‘squeezed middle’ firms are looking to cut their real estate costs through sub-letting, double occupancy or mergers, the annual report from property services provider Jones Lang LaSalle has confirmed.
Clifford Chance Italy managing partner Charles Adams has been elected to the firm’s management committee for a four-year term starting on 1 January 2013.
A minority of UK law firms see business development (BD) activities as a priority despite dwindling work levels, according to research from NatWest (part of the RBS group) and BD specialist Huthwaite Legal.
Next spring Bingham McCutchen will throw open the doors on its $22.5m shared-services centre in Kentucky, a move the US firm announced in September this year.
British Telecommunications (BT) has today announced that it has reached an agreement to acquire technology group Tikit for £64.2m.
Lawyers’ salaries are rising at a slower rate than the national average, according to detailed analysis of Office of National Statistics (ONS) by recruiter Randstad Financial & Professional.
Minster Law and Optima Legal have emerged as the two firms with the highest reported level of borrowings in this year’s The Lawyer UK200.
Norton Rosestands firm on strict exit strategy” />Norton Rose is playing hardball with Herbert Smith as negotiations over a departure date for two Dubai-based partners enter a second month.
Last week I had the chance to peek into the multifarious world of facilities management, an often over-looked but increasingly vital segment of the legal market. Property can be a deal maker or breaker when it comes to mergers – just ask Cobbetts. It can also tip the scales one way or another when it comes to a firm’s chances of staving off the administrators. Or, at a slightly more prosaic level, the people running FM can also have a hefty influence on the smooth and happy running ...
Wragge & Co senior partner Quentin Poole has always considered Lawrence Graham (LG) an undervalued stock
While law firm financials may be on a sounder footing, management problems abound.
Our revenue per lawyer figures show that there’s high-value work in niche firms, but are this metric’s days numbered?
Leadership, organisation and funding in a fast-changing market were the themes of our recent law firm management event
With ever greater importance being placed on IT, the technology of tomorrow has never been more important