ASB Law’s revenue has plummeted by almost 50 per cent between 2003 and 2013 to £8.8m in a tumultuous decade for the firm.
Who are the top private equity lawyers rated by clients and lawyers, and what are the secrets of their mysterious art? The Lawyer can reveal all
Only 16 of the top 30 UK-headquartered private equity firms have in-house legal capability, according to groundbreaking research published by The Lawyer today (24 June).
One of the perennial problems faced by law firms is predicting how many trainees and newly qualified lawyers (NQs) they are likely to need, because they hire graduates two years in advance of them joining.
New training scheme aims to cut upfront costs for law firms
he Lawyer’s exclusive story last week about the SJ Berwin summer student who was ’asked’ to work until the early hours of the morning has divided opinion across all levels of the legal sector.
Ashurst and Herbert Smith have both made heavy-hitting diversity appointments as the Legal Services Board (LSB) forges ahead with plans to force firms to disclose statistics in relation to social mobility.
Freshfields Bruckhaus Deringer has launched an internal investigation into one of its business support functions.
Enrolments on the LPC have plummeted across the market, with the University of Huddersfield seeing a 68 per cent drop in student numbers for the 2010-11 academic year.
Clifford Chance, Eversheds, Freshfields Bruckhaus Deringer and Lovells have all scooped roles to help Southern Cross Healthcare secure a rescue package that will prevent the stricken care home operator from going into administration.
The number of training contract vacancies at the UK’s top law firms has dropped by 10 per cent since the start of the financial crisis.
Weil Gotshal & Manges has raided magic circle firm Clifford Chance for a four-partner funds team.
College of Law (CoL) chief executive Nigel Savage has hit out at the UK’s newest private university, which plans to offer a law degree costing £18,000 per year.
Kirkland & Ellis is planning to double its trainee intake as the first-ever group of graduates who joined the firm’s London office are all offered newly qualified (NQ) positions.
College of Law’s chief executive Nigel Savage earned a greater sum in its last financial year than the course provider donated to its flagship diversity scheme, The Lawyer can reveal.
HSBC’s legal department is at the centre of the ongoing controversy surrounding ’informal’ work experience.
The College of Law (CoL) and Kaplan Law School have bowed to market pressure and disclosed statistics on the final destinations of their LPC students.
Associates hoping for bumper pay rises will be left disappointed if rival firms do as expected and follow the lead of Allen & Overy (A&O) and Linklaters.
As London gears up to host the greatest show on earth, a team of lawyers is hard at work behind the scenes drafting vital contracts that will ensure every need of both the athletes and spectators at the Olympics is catered for.
The legal sector is finally starting to take social mobility seriously.
Every autumn law firm graduate recruitment teams pack their suitcases, hit the road and travel to university campuses across the UK in a bid to promote their wares to the cream of the undergraduate population.
Mace & Jones’ innovative trainee recruitment programme is under threat following the firm’s decision to merge with Weightmans.
With mounting concerns about next year’s rise in university tuition fees, it is understandable that students from less well-off backgrounds may feel tempted to throw in the towel.
Fact. The cost of training as a lawyer is becoming increasingly expensive.
Complaints about ’unfair’ treatment of transfer students as college holds onto payments
The Lawyer’s sister title Lawyer 2B is launching a new event for mature applicants.
Clifford Chance’s plans to launch a fast-track LPC have left many students asking why such an offering is not available for all aspiring solicitors.
Magic circle law firm Linklaters has ditched plans to scrap its graduate recruitment brochure after research revealed that students favour paper-based products over their online equivalents.
The Government’s new points-based work permit scheme hinders law firms from hiring overseas talent
No room for future trainees at HBJ Gateley Wareing or BLG; Hill Dickinson offers lifeline
The future of dozens of Halliwells’ trainees is hanging in the balance after the Manchester-based firm files its intention to appoint an administrator.
Freshfields Bruckhaus Deringer is bringing forward its training contract application deadline for non-law students after seeing a surge in applications.
Bingham has emerged as one of the most generous US firms in London, paying its newly qualified (NQ) lawyers a salary of £100,000.
The Bristol Institute of Legal Practice (Bilp) is shoring up its defences in response to the forthcoming invasion of the city by the College of Law (CoL) and BPP Law School by joining forces with Central Law Training (CLT) to launch one of the cheapest LPCs on the market.
The Lawyer’s sister title for students Lawyer 2B is hosting a careers event for promising A-level students attending state sixth-form colleges who are interested in training as solicitors and barristers.
For-profit educator’s business model under scrutiny
A number of chambers are keeping their 2010 pupillage awards at this year’s levels despite One Essex Court’s decision to up its payment by 33 per cent, which prompted a mini-pay war at the bar.
The Solicitors Regulation Authority (SRA) has reassured City firms that its controversial work-based learning pilot is on track, and will address their concerns about being forced to hire trainees as permanent employees.
The gulf between the number of students completing the LPC and the availability of training contracts is not a new phenomenon.
The Bar Standard Board’s (BSB) plan to introduce a compulsory aptitude test for entry onto the BVC has been thrown into disarray after the Office of Fair Trading (OFT) dubbed the move anticompetitive.
Weil Gotshal & Manges’ City arm has become the latest law firm to take the axe to its newly qualified (NQ) salaries.
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.
Herbert Smith’s retention rates for trainee solicitors due to qualify in the autumn has dropped to 74 per cent. .
Prospects for aspiring trainees have taken a turn for the worse with Allen & Overy (A&O) becoming the latest firm to close its applications before the traditional July deadline.
Kaplan Law School has signed Manches to its Legal Practice Course (LPC) client list less than a month after it struck a similar deal with Trowers & Hamlins.
Vacancies for training contracts for 2011-12 are set for a dramatic fall as the number of law firms deferring trainee start dates continues to rise.
Stories about law firms asking their future trainees to defer their start dates have dominated The Lawyer’s student website Lawyer2B.com in recent weeks. Barely a week has passed without at least one firm conceding it has asked future trainees to push back their start dates.
Nabarro has spiced up its vacation scheme application process by introducing a speed-dating inspired networking exercise to its assessment centres.
During the 2007-08 hiring round, law firm graduate recruitment teams’ focus centred on accommodating the demands of Generation Y. Fast forward one year and the mood on campus could not be any more different.
Travers Smith has emerged as the most generous law firm so far in relation to deferring trainee solicitor start dates.
Weil Gotshal & Manges has become the latest American law firm to slash its US associate programme and defer the start dates of its incoming associates in response to the global economic slump.
Shearman & Sterling is slashing newly qualified (NQ) solicitor salaries by more than 8 per cent and is freezing trainee and associate pay in the UK, Asia and Middle East.
Congratulations to Sonia Burgess and Joanna Saunders who emerged victorious from the gruelling selection process in the annual Lawyer 2B/BPP Law School essay competition.Saunders who has a degree in European Studies and Modern Languages from the University of Manchester, and is currently working for the Charity Commission, scooped a free place on BPP’s Graduate Diploma in Law (GDL) in London.Burgess, who won a place on the Legal Practice Course, is currently ...
BPP Law School has made three full-time Bar Vocational Course (BVC) lecturers redundant following a slump in the number of students enrolling.The law school, one of the biggest BVC providers in the country, confirmed that it was in consultation with 11 of its BVC tutors in December last year.The provider, which is owned by BPP Holdings, saw a 17 per cent drop in the number of students enrolling on the BVC, with just 247 students taking up a spot this year compared ...
Slaughter and May has closed training contract applications to non-law students earlier than usual, while those studying law still have time to apply for a place on the 2011-12 intake.
City will be forced to respond as exodus to investment banks sees magic circle firm take drastic action to retain lawyers