Revenues have hit a five-year high at Kennedys climbing up 10 per cent at the latest year end from £117m to £128.5m.
LinkedIn has hired former Yahoo general counsel Michael Callahan to head the global professional networking site’s legal function.
Clifford Chance has launched a Middle East graduate scheme that will see trainees split their time between London and Dubai.
Gray’s Inn Tax Chambers (GITC) has seen three silks walk out in the last three months, with Devereux becoming the latest to add a member from the set.
Sackers’ revenue dropped by 2 per cent last year, from £24.3m to £23.8m.
Blackstone Chambers silk Michael Fordham QC has applied for temporary admission to Singapore’s courts to launch a judicial review relating to alleged overbilling by local firm WongPartnership.
Simpson Thacher & Bartlett finance partner Sinead O’Shea is relocating from Hong Kong to London, where she will become the elite US firm’s first female partner based in the City.
Hill Dickinson has placed 39 roles within its counter fraud group at risk of redundancy, with the positions now subject to a 30-day consultation period that began yesterday (21 July).
Freshfields Bruckhaus Deringer and Herbert Smith Freehills have advised on the sale of British Sky Broadcasting’s (BSkyB) minority stake in ITV to Liberty Global.
Benelux firm NautaDutilh has paid tribute to IP partner John Allen, who was killed with his family in the flight MH17 plane crash last week.
Hogan Lovells and Addleshaw Goddard are among the firms to win key roles on Bestway’s acquisition of The Co-operative Group’s 774-branch pharmacy chain.
RPC has reported a 3 per cent drop in net profit from £26.8m to £26m at the end of the latest financial year, alongside a 2.4 per cent rise in turnover from £82.1m to £84.1m.
Freshfields Bruckhaus Deringer partners generated the highest revenue on an individual basis than any firm in the UK200 Top 10 in 2013/14, posting a revenue per partner (RPP) figure of £2.88m.
Lawyer and partner numbers among Leeds’ ‘Big Six’ law firms - Addleshaw Goddard, DLA Piper, Eversheds, Pinsent Masons, Squire Patton Boggs and Walker Morris - have dropped in the past five years, The Lawyer can reveal.
Naomi Campbell’s oligarch ex Vladislav Doronin has dropped Sidley Austin for Herbert Smith Freehills (HSF) for the latest round of his High Court battle with his business partners.
Mills & Reeve saw its turnover increase by 12 per cent last year, following its merger with Manchester firm George Davies on 1 June 2013.
BLM has seen its profitability return to growth with average profit per equity partner (PEP) rising 11 per cent from £224,000 to £249,000 in 2013/14.
Partner remuneration should contribute to a positive culture and transparent business practices, not be fixated on PEP
FTSE 250 outsourcer Serco has hired BT Global general counsel David Eveleigh as its legal chief in the wake of accusations that it overcharged the Government for electronic tagging.
Five associates from London firms are setting up a grassroots women’s legal network in a bid to engage and promote the next generation of female solicitors.
Clifford Chance’s new corporate chief has named private equity dealmaker Jonny Myers as private equity co-head alongside Oliver Felsenstein.
North East firm Ward Hadaway has reported a 23 per cent drop in net profit for the 2013/14 financial year, although turnover rose by 2.2 per cent to £33.7m.
Dentons has split up with its Ghanaian ally Bentsi-Enchill Letsa & Ankomah after a 12-year relationship, forcing the international firm to find a new partner in the West African state.
Travers Smith has boosted turnover by 13 per cent from £86.2m to £97.2m in 2013/14, while average profit by full equity partner (PEP) rose by 12 per cent to £882,000 compared with £790,000 a year ago.
DLA Piper has suffered three more partner departures in Asia Pacific, two in Hong Kong and one who recently transferred from Hong Kong to Singapore.
The Supreme Court has boosted the potential for investors to recover money taken in bribes and secret payments from insolvent agents who breached their client duties in a ruling handed down yesterday (16 July).
DLA Piper has added two partners and two associates from RPC to its real estate practice, including head of non-contentious construction and projects Stephen Malley.
Clifford Chance Bucharest partner Perry Zizzi has rejoined Dentons, almost seven years after quitting legacy Salans for the magic circle firm.
The Serious Fraud Office (SFO) has switched lead counsel in one of its biggest ever cases, instructing Blackstone Chambers’ Pushpinder Saini QC in place of Serle Court’s Dominic Dowley to lead the defence of a £300m claim from the Tchenguiz brothers.
Portuguese firm PLMJ has signed a new cooperation agreement with two-partner Madeira firm Mendes Londral & Associados (ML&A) in an extension to its network.
Partners at Charles Russell and Speechly Bircham have today voted favour of merging their firms to create a £135m firm with 170 partners.
The introduction of a ‘residency test’ for civil legal aid would be “discriminatory” and “unlawful”, the High Court has ruled.
The former head of legal at The Times, Alastair Brett, is to appear before the High Court next week in an appeal against his suspension from practice and costs of £30,000 imposed by the Solicitors Disciplinary Tribunal (SDT) last year.
Speechly Bircham and Charles Russell partners are going to the polls today (16 July), to cast their votes on their potential £126m merger between the firms.
Macfarlanes has extended its CV-blind policy to its training contracts, making it the third firm to select its trainees using this method.
Growth has slowed at Stewarts Law following a five-year meteoric rise, with revenue increasing by 3.5 per cent from £45.2m in 2012/13 to £46.8m in 2013/14 while net profit stayed flat at £20.4m.
South African firm Bowman Gilfillan is strengthening its maritime expertise by merging with Durban shipping boutique Velden Pike Nichols.
DLA Piper white-collar corporate crime partner Jo Rickards, who represented former News of the World (NotW) editor Andy Coulson in the recent phone-hacking trial, is leaving the firm to join Kingsley Napley.
Latham & Watkins projects development and financing partner Bill Voge, based in London, has been elected as the firm’s new global chair and managing partner.
A former Herbert Smith Freehills (HSF) partner has joined the line-up of partners that have launched a Brisbane office for Baker & McKenzie.
Clifford Chance’s China head of litigation and arbitration Patrick Zheng has joined Clyde & Co as Beijing office managing partner.
Landmark Chambers’ barristers boosted their combined fee income by 21 per cent over the 2013/14 financial year, from £26.3m at the end of 2012/13 to £32.5m.
Linklaters has appointed current Asian corporate head Matthew Middleditch as its new global corporate head to replace outgoing chief Jeremy Parr.
Eversheds’ Middle East chairman Christopher Jobson has joined Clyde & Co as a partner in the firm’s Abu Dhabi office.
French corporate boutique BDGS Associés has made its first lateral hire since setting up 18 months ago, appointing Linklaters M&A partner Marc Loy.
Former Linklaters capital markets partner Nigel Pridmore has taken a new role at Ashurst’s Hong Kong office, more than four months after quitting the magic circle firm in London (3 March 2014).
Willkie Farr has hired Kirkland & Ellis private equity partner duo Claire McDaid and Matthew Dean to launch its private equity offering in London.
The magic circle has seen its revenue market share of the UK top 10 firms contract by more than 15 per cent over the last decade as global consolidation takes hold of the sector.
National firms have turned their attention to growth at home in this year’s partner promotions round, with a 15 percentage point drop in the number of new partners working in UK firms’ overseas offices.
Jones Day has worked on more mid-market M&A deals than any other firm in the first half of 2014, taking the sole top spot in the global, European and UK rankings for the first time.
Fieldfisher has added a trio of partners to its Parisian office, bulking up its competition, corporate and tax practices.
Scottish firm Brodies has reported a fourth consecutive year of revenue and profit growth, with turnover up 13.2 per cent to £52.1m and profit up 23 per cent to £23.7m for the 2013/14 financial year.
Tomorrow’s Square Mile battle of the bands City’s got Talent (20 June 2014), billed by the organisers as “a mini Glastonbury”, has relocated from Guildhall Yard to the spiritual home of Law Rocks, the 100 Club.
Slater & Gordon is set to sponsor England cricket captain Alastair Cook, in a move that will see him act as brand ambassador for the firm.
Shearman & Sterling has lost one of the biggest litigation mandates of the year after business tycoon Robert Tchenguiz swapped the US firm for Stephenson Harwood in his £300m case against the Serious Fraud Office (SFO).
Monckton Chambers has taken a group of five barristers, including silk Ian Wise QC, from Doughty Street Chambers in a bid to build a top-flight public law and human rights offering.
DWF is gearing up for a High Court showdown with the Government over its decision to choose Shepherd and Wedderburn over the firm as an adviser to the Insolvency Service.
Morrison & Foerster (MoFo) has named investigations and antitrust partner Paul Friedman as its first managing partner for Europe, some nine months after launching its third office in the region.
Herbert Smith Freehills and Slaughter and May are advising on the proposed takeover of Dublin-based Shire, by US drug manufacturer AbbVie.
British Telecommuncations’ (BT) in-house team has triumphed against King & Wood Mallesons SJ Berwin (KWMSJB) and Herbert Smith Freehills (HSF) in a Supreme Court battle over BT’s call charges to mobile operators.
Ashurst, Simmons & Simmons and Addleshaw Goddard have won coveted first-time spots on BP’s UK panel, unveiled today (9 July) following a three-month review process.
Scottish-headquartered firm Maclay Murray & Spens saw turnover hit £43.3m in the 2013/14 financial year, a rise of 7 per cent on the previous year.
Mafarlanes upped its turnover by 22 per cent in the 2013/14 financial year, from £114.16m to £139.75m.
Three brothers who ran one of Gibraltar’s largest law firms were jailed last week for fraud, four years after their firm, Marrache & Co, was put into liquidation.
Pinsent Masons has announced a 4.6 per cent increase in revenue from £309m to £323m with a corresponding increase in average profit per equity partner (PEP).
Simmons & Simmons has unveiled a 7 per cent increase in turnover for the 2013/14 financial year, with revenue rising to £268.6m from £250.3m in 2012/13.
Norton Rose Fulbright has posted turnover of $1.851bn (£1.152bn) in its first financial year after the merger of legacy firms Norton Rose and Fulbright & Jaworski.
Mishcon de Reya has posted its financial results for 2013/14, which reveal a doubling of turnover since 2009.
Freshfields Bruckhaus Deringer has pushed up revenue by 1 per cent at the 2013/14 year end to £1.232bn, while average profit per equity partner (PEP) increased by 6 per cent from £1.398m to £1.48m.
Linklaters has returned to its strongest revenue position in five years after boosting turnover to £1.255bn for the 2013/14 financial year, up 5 per cent from £1.195bn.
Ashurst has announced turnover of £586m in the first combined results since the UK firm fully merged with its Australian arm, with average profit per equity partner (PEP) hitting £801,000.
Revenue at Fieldfisher has broken through the £100m barrier for the first time hitting £104m, an increase of 9.5 per cent on £95m for 2012/13.
Herbert Smith Freehills (HSF) has picked up Taylor Wessing competition partner Michael Dietrich to bring the number of partners in Germany to six.
Malaysia’s largest law firm Zicolaw has continued its regional expansion by adding a firm in Laotian capital Vientiane to its network.
Hogan Lovells is set to open its second and third Latin American offices in 2014 after bolting on Mexican firm Barrera Siqueiros y Torres Landa (BSTL).
Squire Patton Boggs has completed its first bolt-on since the merger of Squire Sanders and Patton Boggs, taking on three-partner Tokyo firm Mamiya Law Offices.
The total fees paid to lawyers on public M&A deals over the first half of calendar year 2014 fell by 35 per cent compared with the previous six months, research by The Lawyer has found.
Mills & Reeve and Veale Wasbrough Vizards (VWV) are to give employment advice to the British Library after winning a mini-tender run by the London Universities Purchasing Consortium (LUPC).
Cleary Gottlieb Steen & Hamilton and Clifford Chance have joined a host of UK, US and French firms involved as the battle to acquire luxury travel business Club Méditerranée (Club Med) hots up.
Litigators and courts widely misunderstood and misapplied the Mitchell test, the Court of Appeal said today as it sought to clarify the High Court ruling that was intended to help crack down on spiraling litigation costs.
Hogan Lovells has made its second South African lateral hire since its launch in the jurisdiction, picking up ENSafrica China group head Ernie Lai King.
Olswang has reported a 7 per cent growth in revenue for the 2013/14 financial year, with total turnover rising from £110m to £117.6m.
Reed Smith has continued to add to its finance practice with the hire of Pinsent Masons partner Matthew Heaton.
Eversheds’ revenue rose by 2 per cent at the end of 2013/14 from £376m to £384m, while net profit increased just 1 per cent from £85.4m to £86.2m.
Bird & Bird has further expanded its horizons with the announcement of a cooperation agreement with Turkish firm BTS & Partners.
Boutique firms CM Murray, Hierons and Maurice Turnor Gardner have joined forces with chartered accountants Buzzacott to go to market as a one-stop-shop for professional practices.
Blackstone Chambers’ Ben Jaffey and Tom Cleaver have been drafted in by Bhatt Murphy on behalf of a group of internet service providers (ISPs) that have launched a legal claim against the Government over surveillance.
Osborne Clarke’s head of technology Mark Webber and head of telecoms Angus Finnegan have both left the firm, moving to Fieldfisher and Reed Smith respectively.
Herbert Smith Freehills (HSF) turned over £800m in its first full year as a merged firm, with a net profit of £232m giving it a margin of 29 per cent for 2013/14.
Bond Dickinson has made up four associates to partner in the second promotions round since the 1 May 2013 merger between Bond Pearce and Dickinson Dees.
The Bar Council and Bar Standards Board have re-released tenancy figures, after human error caused the two bodies to release the wrong statistics as part of their annual Bar Barometer report for 2014.
Total revenue at Allen & Overy (A&O) rose by just 2 per cent last year from £1.21bn to £1.23bn in 2013/14, despite the firm having posted a 7.5 per cent rise at the half-year stage.
US firm Foley Hoag has added its sixth partner in Paris with the hire of White & Case arbitrator Philippe Sarrailhe´.
DMH Stallard managing partner Tim Aspinall is stepping down at the end of 2014, to be replaced by real estate head Richard Pollins.
Barclays has chopped its global panel by 30 per cent after unveiling a new-look structure made up of general and preferred advisers.
Nabarro has posted flat revenue for the 2013/14 year-end up 0.3 per cent from £116.3m to £116.7m, while average profit per equity partner (PEP) grew by 10.5 per cent from £430,000 to £475,000.
The Solicitors Regulation Authority (SRA) is advertising for its first-ever general counsel in the wake of the appointment of Paul Philip as its chief executive.
TV company FremantleMedia has hired BBC Worldwide’s director of business & legal affairs, Robin Chalmers, as the replacement for retiring general counsel Sarah Tingay.
Revenue soared to its highest-ever level at Clifford Chance in the 2013/14 financial year to reach £1.359bn, 7 per cent boost on the £1.271bn turnover posted at the end of the previous financial year.
South West firm Temple Bright has scooped a three-lawyer team from Nabarro to launch an energy and climate change practice.
The Big Four have revealed their results in the space of a week, and it’s good reading for partners at those mega-firms. Freshfields still maintains top spot in PEP, but more pleasing for the big firms is top-line growth. Check out our analysis of the magic circle’s performance over ten years.
Lawyer News Daily
Specialist pensions-focused firm Sackers, consistently one of the UK 200’s top-performing boutiques, is putting on a brave face after reporting falling figures across the board for the 2013 calendar year