City Gherkin

45 years and counting: Will Fried Frank's City bet finally pay off?

6-Mar-2015 | By Natalie Stanton

Fried Frank launched in London in 1970. But the hire of Kirkland & White UK head Graham White is a more recent statement of intent. Here’s why.

Manchester

Riverview Law launches 20-person Manchester legal and back office hub

6-Mar-2015 | By Tabby Kinder

Wirral-based Riverview Law has opened a 20-person legal and support services office in Manchester, with plans to add 20 more staff this year.

Money dollars

Covington sees London net profit rise by 18 per cent with City revenue up 6 per cent to $64m

6-Mar-2015 | By Natasha Bernal

Covington & Burling’s year-end financials show London net profit growing by 18.2 per cent in 2014 to $30.7m with revenue climbing 6.2 per cent to $64m (£42m).

brussels belgium

Belgian food giant Delhaize promotes Europe and Asia GC Dechamps to top job

6-Mar-2015 | By Joanne Harris

Belgian food retailer Delhaize has promoted deputy general counsel Philippe Dechamps to the role of global general counsel and corporate secretary, following the departure of Maura Abeln Smith last year.

Train

Clifford Chance, CMS and Freshfields take key roles as Government sells Eurostar stake

5-Mar-2015 | By Natalie Stanton

Firms including Clifford Chance, CMS Cameron McKenna and Freshfields Bruckhaus Deringer have stepped up to advise on the sale of the Government’s stake in Eurostar.

Money

Weil’s UK revenue hits $125m as global PEP soars by 16 per cent

5-Mar-2015 | By Natalie Stanton

Weil Gotshal & Manges’ UK revenue grew by 9.6 per cent in 2014, from $114m to $125m (£82m).

Europe

European moves: 5 March 2015

5-Mar-2015 | By Joanne Harris

All the latest partner hires and other appointments within Continental European firms and offices.

Paris

Franklin adds four-strong Paris competition team from Bird & Bird

5-Mar-2015 | By Joanne Harris

French firm Franklin has hired a partner from Bird & Bird’s Paris office to develop a new competition and distribution practice.

Money dollars

DLA Piper’s revenue stalls at $2.48bn in 2014 as profits hit record high

5-Mar-2015 | By Natalie Stanton

DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.

New York

Debevoise grows PEP by 3.4 per cent to $2.38m as revenue hits $710.3m in 2014 financials

5-Mar-2015 | By Natasha Bernal

Debevoise & Plimpton has posted a 3.2 per cent revenue increase in $710.3m (£466m) in its year-end financial results, as average profit per equity partner rose 3.4 per cent from $2.3m to $2.38m in 2014.

trainees

“This will lead to paranoia among firms and automaton junior lawyers”: Profession responds angrily to SRA's plan to scrap trainee code

5-Mar-2015 | By Becky Waller-Davies

The legal profession has reacted with anger at the SRA’s plans to withdraw from the Graduate Recruitment Code.

Nabarro

Nabarro hits 100% retention

5-Mar-2015 | Updated: 5-Mar-2015 | By Richard Simmons

Nabarro has kept on all ten of its spring 2015 qualifying trainees.

Court

Gibson Dunn partner admits "serious misjudgment" in handling of Djibouti case

5-Mar-2015 | By Joanne Harris

Gibson Dunn & Crutcher partner Peter Gray has admitted making a number of mistakes and getting litigation strategy “spectacularly wrong” under cross-examination in the High Court.

Moscow

Boutique boom continues as Freshfields litigators quit Moscow office to go it alone

5-Mar-2015 | By Joanne Harris

Freshfields Bruckhaus Deringer litigation counsel Maxim Kulkov has left the firm along with a team of lawyers to set up a Moscow-based dispute resolution boutique.

corut

Fried Frank comes off 'Putin's banker' case as Russian oligarch represents himself

4-Mar-2015 | By Joanne Harris

Russian oligarch Sergei Pugachev has cut ties with his lawyers Fried Frank Harris Shriver & Jacobson and will now represent himself in an ongoing battle over the liquidation of the bank he ran, Mezhprombank.

madrid spain

Cuatrecasas sees revenue rise 3 per cent to break through €250m

4-Mar-2015 | By Joanne Harris

Iberian firm Cuatrecasas Gonçalves Pereira has reported a 3 per cent rise in turnover for the 2014 financial year, with revenues increasing from €248m to €255.4m (£185.5m).

recruitment

Breaking: SRA may scrap trainee rules, allowing recruitment at any age

4-Mar-2015 | By Becky Waller-Davies

The Solicitors Regulation Authority (SRA) is considering withdrawing from the Graduate Recruitment Code, as governed by the Association of Graduate Careers Advisory Services (AGCAS).

Money

Reed Smith year-end financials show 7 per cent revenue boost to $1.15bn

4-Mar-2015 | By Natasha Bernal

Reed Smith has posted a 7 per cent boost in its year-end financial results, growing from $1.075bn to $1.15bn (£746m) in 2014.

Europe

UK defeats Cleary Gottlieb client ECB in European ruling over clearing houses

4-Mar-2015 | By Joanne Harris

The UK Government has won a landmark victory at the European General Court in a battle with Cleary Gottlieb Steen & Hamilton client, the European Central Bank (ECB), over the location of central clearing houses for euro-denominated trades.

RBS 650

RBS litigation: Enyo Law replaces Quinn Emanuel on group action against restructuring unit

4-Mar-2015 | By Joanne Harris

Enyo Law has taken over from Quinn Emanuel Urquhart & Sullivan as advisers to businesses and individuals planning to sue the Royal Bank of Scotland’s global restructuring group (RBS-GRG) for allegedly forcing small companies out of business.

London

Ashurst keeps on 21 of 23 in stellar retention round

4-Mar-2015 | By Becky Waller-Davies

Meanwhile, Olswang has also released its results, keeping on seven of eight qualifiers.

riyadh saudi arabia

Shearman plans Riyadh and Dubai launches in bid for Middle East growth

4-Mar-2015 | By Natalie Stanton

Shearman & Sterling is gearing up to significantly expand its presence in the Middle East, with plans for new outposts in Dubai and Riyadh.

hamburg 317 top story

Germany's Flick Gocke Schaumburg launches Hamburg office

4-Mar-2015 | By Joanne Harris

German firm Flick Gocke Schaumburg (FGS) has announced it is launching in Hamburg later this year, its fifth domestic office.

Hogan Lovells

Hogan Lovells blames practice area mismatch for nosedive in retention

3-Mar-2015 | By Becky Waller-Davies

Hogan Lovells will retain just 21 of 32 trainees in newly-qualified (NQ) positions this spring, giving it a 66 per cent retention rate.

Düsseldorf

White & Case hires two Clifford Chance partners in Germany as exits continue

3-Mar-2015 | By Natalie Stanton

Two more Clifford Chance partners, Peter Rosin and Thomas Burmeister, have left the firm’s German practice.

corut

Legal aid: High Court rules changes to funding for judicial review are unlawful

3-Mar-2015 | By Joanne Harris

A claim led by the Public Law Project over the legality of changes to judicial review regulations has succeeded before the High Court, with the Divisional Court ruling that the amendments will have an adverse impact on legal aid-funded cases.

Pinsent Masons

Pinsents turns to Addleshaws' Heffron for first financial regulatory head

3-Mar-2015 | By Joanne Harris

Pinsent Masons has recruited Addleshaw Goddard’s former head of financial services David Heffron to lead its financial regulatory practice.

latham ny 317

Latham adds two City-based counsel to partnership in nine-strong promos round

3-Mar-2015 | By Natalie Stanton

Latham & Watkins has elected two London-based counsels to its partnership, amounting to just under a quarter of its global total for 2015.

dublin bridge

Ireland's Mason Hayes hits €60m mark after 25 per cent increase in revenue

3-Mar-2015 | By Joanne Harris

Irish firm Mason Hayes & Curran has reported a 25 per cent increase in turnover for 2014, with revenues rising to €60m (£43.7m) from €48m in 2013.

prague czech republic

Czech and Slovak firms launch CEE network to expand regional offering

3-Mar-2015 | By Joanne Harris

Czech firm Tomicek Legal and Slovak firm Fox Martens have teamed up to launch a regional referral network, CEE Attorneys, with the aim of expansion throughout the region.

Lloyd's of London

Marketform appoints new general counsel McKay from Aspen Re

2-Mar-2015 | By Natalie Stanton

Lloyd’s of London underwriter Marketform has appointed Alastair McKay as its new general counsel.

canada flag 317

DLA Piper plants flag in Canada through merger with Davis

2-Mar-2015 | By Joanne Harris

DLA Piper has finally found a foothold in Canada after agreeing to merge with local firm Davis.

London

Linklaters sees third projects partner departure as Douglass quits for KWM

2-Mar-2015 | By Natasha Bernal

A third partner from Linklaters’ projects team has left the firm in less than two weeks, after King & Wood Mallesons (KWM) re-hired heavyweight energy partner James Douglass to join its projects energy and resources team. 

Happy

Mishcon heads up ten firms ranked in Sunday Times Best Companies list

2-Mar-2015 | By Becky Waller-Davies

Mishcon de Reya has achieved the highest law firm ranking in the annual Sunday Times 100 Best Companies to Work For list, coming in at seventh.

birmingham

Shakespeares and SGH Martineau in talks to create £75m firm

2-Mar-2015 | By Joanne Harris

Midlands firms Shakespeares and SGH Martineau have announced they are in merger talks with the aim of creating a new top-50 firm with revenues of over £75m and 150 partners.

Hong Kong

Norton Rose Fulbright adds K&L Gates partner to Hong Kong base

2-Mar-2015 | By Margaret Taylor

Norton Rose Fulbright (NRF) has added K&L Gates partner David Johnson to its Hong Kong office, two years after he joined the US firm from Allen & Overy.

Lloyd's of London

DAC Beachcroft Claims Solutions chief Bill Paton exits for RSA

2-Mar-2015 | By Hannah Gannagé-Stewart

DAC Beachcroft (DACB) Claims Limited chief executive Bill Paton is set to exit the firm at the end of March to join insurer RSA as UK and Western Europe claims director on 1 May.

frankfurt germany

Clifford Chance sees another German partner departure as Stengel quits for Milbank

2-Mar-2015 | By Joanne Harris

Clifford Chance has lost its third corporate partner from Germany in a month with the news that former German corporate head Arndt Stengel is leaving for Milbank Tweed Hadley & McCloy’s Frankfurt office.

London

Nabarro delays annual pay review to 2014/15 financial year-end

27-Feb-2015 | By Becky Waller-Davies

Nabarro will delay its annual pay review for trainees, associates and business support staff until June, in an effort to more accurately assess its 2014/15 financial results.

Law Society

Law Society wins right to appeal against criminal legal aid ruling

27-Feb-2015 | By Joanne Harris

The Court of Appeal (CoA) has granted permission for the Law Society to challenge a recent High Court decision over Government reforms to the criminal legal aid regime.

Barclays

Barclays appoints Gibson Dunn partner as Barclays Capital and Americas GC

27-Feb-2015 | By Joanne Harris

Barclays has announced the appointment of Gibson Dunn & Crutcher partner Mark Shelton as global general counsel for its investment banking division and regional general counsel for the Americas.

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).

Court

Hogan Lovells secures Court of Appeal victory in 'Putin's banker' case

27-Feb-2015 | By Joanne Harris

Hogan Lovells and Erskine Chambers have secured a Court of Appeal (CoA) judgment requiring Russian tycoon Sergei Pugachev to disclose information about discretionary trusts established in New Zealand, setting a precedent in cases involving freezing orders.

Los Angeles

Paul Hastings hits $1bn revenue mark with 6.3 per cent hike at 2014 year-end

27-Feb-2015 | By Natasha Bernal

US firm Paul Hastings has posted a 6.3 per cent increase in revenue in its year-end financial results for 2014, growing from $941m to $1bn (£649m).

cayman beach offshore

Offshore M&A activity soars to record levels in 2014

27-Feb-2015 | By Joanne Harris

M&A activity offshore rose to record levels in 2014, with aggregate deal value up 63 per cent compared to 2013 and deal volume at the third-highest in the last decade.

New York 620px

Debevoise executive Howard Rosenberg picks up CEO role at FRS Insight

27-Feb-2015 | By Natasha Bernal

Debevoise & Plimpton executive Howard Rosenberg has been appointed chief executive officer of legal professional services provider FRS Insight, owned by Fox Rodney Search.

Money

Gibson Dunn posts nineteenth consecutive year of growth with 6 per cent boost to $1.47bn

26-Feb-2015 | By Natasha Bernal

Gibson Dunn & Crutcher has posted a revenue growth of 6 per cent to $1.47bn (£947m) in its year-end financial results.

Richard Susskind

Global Law Summit: Susskind & Co on the future of the law

26-Feb-2015 | By Matt Byrne

Richard Susskind revealed his view of the future at the Global Law Summit this week. For many, it’s not pretty.

Shearman_317.gif

Shearman & Sterling’s London revenue grows by 7 per cent to $144.6m

26-Feb-2015 | By Natalie Stanton

Shearman & Sterling’s London office increased its revenue from $134.8m to $144.6m (£93.4m) in 2014, marking its fifth year of consecutive growth.

New York

Milbank revenue grows 7.8 per cent to $761m as London office grows to $103.7m

26-Feb-2015 | By Natasha Bernal

US firm Milbank Tweed Hadley & McCloy has posted revenue growth of 7.8 per cent to $761m (£490m) in 2014, while the firm’s London office posted a revenue boost of 14 per cent to $103.7m.

Boris Johnson

Boris Johnson: Lawyers are amazing. Here’s why

26-Feb-2015 | By Matt Byrne

Boris Johnson put London and the rule of law squarely at the heart of the world’s legal market yesterday in his keynote speech at the Global Law Summit.

Lord Neuberger 600

Lord Neuberger: access to justice is "crucial" to uphold Magna Carta rule of law

26-Feb-2015 | By Tabby Kinder

President of the Supreme Court Lord Neuberger closed the Global Law Summit (GLS) yesterday (25 February) by concluding that “genuine access to justice is crucial” if a society is to “maintain adherence to the rule of law”.

King's Bench Walk Inner Temple

Sidley Austin partner brings StreetMap antitrust case against Google to Preiskel & Co

26-Feb-2015 | By Tabby Kinder

Sidley Austin partner Tim Cowen has joined technology, media and telecoms (TMT) boutique Preiskel & Co as an equity partner.

Hong Kong

Sweden's Magnusson opens ninth office in three years with Hong Kong launch

26-Feb-2015 | By Joanne Harris

Swedish firm Magnusson has added a Hong Kong office through a tie-up with two-partner Hong Kong firm Odebjer Fohlin - its ninth new base in three years.

London_317.gif

Global Law Summit day 3: From human rights to shareholder activism

25-Feb-2015 | By Natalie Stanton

There were an eclectic bunch of hot topics on the agenda on the closing day of the Global Law Summit, ranging from human rights to bribery and shareholder activism. 

corut

Merchant Navy Pension Fund funding regime approved in landmark judgment

25-Feb-2015 | By Tabby Kinder

The High Court has approved a funding regime proposed by Mayer Brown client, the Merchant Navy Ratings Pension Fund (MNRPF), in a landmark judgment which ends a case spanning more than a decade.

London

Linklaters projects partners Hagopian and Ijaz quit for Milbank

25-Feb-2015 | By Natalie Stanton

Milbank Tweed Hadley & McCloy has hired a pair of Linklaters projects partners, Matthew Hagopian and Manzer Ijaz.

arrow

UK firms stand out in global legal services industry

25-Feb-2015 | By Hannah Gannagé-Stewart

Collective turnover at UK firms increased by 8.4 per cent to a record £30.6bn last year - accounting for 7 per cent of the $650bn (£419.6bn) global legal services fee revenue in 2013/14.

cape of good hope, south africa

Eversheds and Norton Rose Fulbright ramp up in Africa with local alliances

25-Feb-2015 | By Hannah Gannagé-Stewart

Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively.

mentoring help

Legal Education Foundation to fund eight welfare training contracts every year

25-Feb-2015 | By Becky Waller-Davies

The Legal Education Foundation will enable eight prospective welfare lawyers to undertake training contracts every year for the foreseeable future through its Justice First Fellowship.

City Gherkin

Linklaters and HSF advise on revived Aldermore IPO

25-Feb-2015 | By Natalie Stanton

Linklaters and Herbert Smith Freehills are among the firms to win a spot advising on the initial public offering of challenger bank Aldermore.

gallery

The Lawyer European Awards unveils best referral firms on the Continent

25-Feb-2015 | By Joanne Harris

A total of seven European firms have been named on the inaugural European Referral Firm of the Year shortlist, unveiled today ahead of The Lawyer’s European Awards next month.

Hong Kong

Wilberforce and Ten Old Square silks instructed on $10bn Nina Wang appeal

25-Feb-2015 | By Tabby Kinder

Silks from Wilberforce Chambers and Ten Old Square have been instructed on the final stages of a landmark case in Hong Kong concerning the $10bn (£7bn) estate of the late Nina Wang, once the richest woman in Asia.

London

Addleshaws, Jones Day and Travers lead as 3i comes back to the UK with Aspen Pumps investment

25-Feb-2015 | By Hannah Gannagé-Stewart

Addleshaw Goddard, Jones Day and Travers Smith have taken the lead roles on private equity group 3i’s first investment in the UK for four years - a £105m injection into Aspen Pumps.

Norton Rose

Norton Rose Fulbright’s retention revealed

24-Feb-2015 | By Becky Waller-Davies

Norton Rose Fulbright has announced that it will retain 81 per cent of its spring 2015 qualifying trainees, a fall from its rate last year.

Money dollars

Latham & Watkins’ revenue grows by 14 per cent to reach $2.61bn

24-Feb-2015 | By Natalie Stanton

Latham & Watkins’ revenue has rocketed by 14.3 per cent between 2013 and 2014, from $2.28bn to $2.61bn (£1.69bn).

olswang High Holborn 317

Olswang hires four-strong Winston & Strawn IP team and promotes corporate head

24-Feb-2015 | By Natasha Bernal

Olswang has hired a four-strong IP team from US firm Winston & Strawn to join its London office and has promoted senior corporate TMT partner Mark Bertram to head of corporate.

London

Arle Carpital general counsel Price exits to join Tullett Prebon

24-Feb-2015 | By Natalie Stanton

Tullett Prebon has hired Arle Capital general counsel Philip Price as its new group general counsel and global compliance head.

Justice

Change, diversity and boardroom struggles on the agenda at the Global Law Summit

24-Feb-2015 | By Natasha Bernal

Lawyers from all walks of the profession and all around the world are gathering in London this week to debate the key trends affecting the industry - including the role of government in preserving access to justice and how the rule of law affects the world of business.

Money

WilmerHale’s revenue stalls at $1.1bn as PEP grows by 7 per cent

24-Feb-2015 | By Natalie Stanton

WilmerHale’s average profit per equity partner grew by 7 per cent in 2014, from $1.5m to $1.6m (£1.03m) even as the firm’s revenue stalled at just under $1.1bn (£712m).

Nicholas Cheffings

Nicholas Cheffings reappointed for second term as Hogan Lovells chair

24-Feb-2015 | By Natasha Bernal

Hogan Lovells has re-appointed Nicholas Cheffings as the firm’s chair for a second three-year term.

Hungary

Shoosmiths back in the driving seat for Mercedes-Benz after five-year hiatus

24-Feb-2015 | By Hannah Gannagé-Stewart

Shoosmiths has been appointed to a new Mercedes-Benz UK panel alongside Nabarro after dropping off the roster in 2009.

Washington DC

Arnold & Porter revenue and profit up by 1.2 per cent for 2014

24-Feb-2015 | By Natalie Stanton

Arnold & Porter grew its revenue by 1.2 per cent in 2014, boosting its total income from $686m to $694m (£449m).

syringes

Brown Rudnick on point as World Health Organisation mandates use of non-reusable syringes

24-Feb-2015 | By Joanne Harris

Brown Rudnick European IP head Alexander Carter-Silk has been advising the inventor of non-reusable syringes as the life-saving invention receives World Health Organisation (WHO) backing.

dublin bridge

McCann FitzGerald secures AIB mandate ahead of capital restructuring

24-Feb-2015 | By Joanne Harris

McCann FitzGerald has been appointed as the adviser to Allied Irish Banks (AIB) on its proposed capital restructuring by the Irish government.

Law Society

Law Society instructs Kingsley Napley to launch JR of 600% court fee hikes

23-Feb-2015 | By Tabby Kinder

The Law Society has instructed Kingsley Napley to bring legal action against the Government over court fee hikes that it claims are “tantamount to selling justice”.

london Thames Parliament Big Ben Westminster

Global Law Summit kicks off in London with focus on rule of law

23-Feb-2015 | By Tabby Kinder

The Lord Chief Justice, Lord Thomas, called on lawyers to be prepared to pay the “heavy” price of maintaining the rule of law and access to justice as part of the opening keynote speech at the Global Law Summit (GLS) in London this morning (23 February).

London

Quindell extends exclusivity period for Slater & Gordon takeover bid

23-Feb-2015 | By Hannah Gannagé-Stewart

Aim-listed ABS Quindell has extended the exclusivity period relating to Slater & Gordon’s potential acquisition of its professional services division to 31 March 2015.

London

Quinn Emanuel reports 33 per cent increase in London revenue for 2014

23-Feb-2015 | By Joanne Harris

Quinn Emanuel Urquhart & Sullivan has reported a 33 per cent bounceback in London office revenue for 2014, with turnover rising to £26.2m from £19.8m in 2013.

US flag

Slaughters turns to the Ivy League in search of talent

23-Feb-2015 | By Becky Waller-Davies

Slaughter and May is visiting elite US law schools in a bid to assess talent after 10 years of staying away from the US recruitment fair market.

Court

McGuireWoods criticised for 94-page Tchenguiz claim that "flouts the principles" of Commercial Court

23-Feb-2015 | By Tabby Kinder

McGuireWoods has been criticised for filing a 94-page claim for its client Vincent Tchenguiz that “flouts all the principles” of the Commercial Court Guide in a ruling by Mr Justice Leggatt.

africa tree

African firms: international lawyers don't understand our market

23-Feb-2015 | By Joanne Harris

African lawyers believe global firms do not understand the realities of doing business in their country and have a tendency to “fee-hog”, but remain highly dependent on work from international players. 

Court

Gibson Dunn Dubai partner faces cross-examination over falsified evidence claim in Djibouti case

23-Feb-2015 | By Tabby Kinder

Gibson Dunn & Crutcher partner Peter Gray will undergo cross-examination in the High Court in early March over allegations that he submitted evidence containing falsified information during a September 2013 case for the government of Djibouti.

cayman beach offshore

Offshore firms report buoyant revenue rises in strong 2014

23-Feb-2015 | By Joanne Harris

The offshore legal market has seen another year of growth, The Lawyer can reveal, with turnover rising by an average of 13.8 per cent among those firms which disclose it.

London

BLP, Nabarro and Herbies among key advisers on £770m deal to kick-start stalled Pinnacle development

23-Feb-2015 | By Hannah Gannagé-Stewart

Berwin Leighton Paisner (BLP), DAC Beachcroft (DACB), Nabarro, Macfarlanes, Herbert Smith Freehills (HSF) and Linklaters have played key roles in the £770m sovereign wealth deal expected to resurrect the Pinnacle at 22-24 Bishopsgate.

Scotland

Burness Paull and Levy & McRae face legal action over collapse of $400m hedge fund

20-Feb-2015 | By Tabby Kinder

Scottish firms Burness Paull and Levy & McRae are facing legal action from the liquidators of Heather Capital over their involvement in the collapse of the $400m hedge fund.

Court

Blackstone links up with Ofcom for Big Fat Gypsy Wedding success in High Court

20-Feb-2015 | By Natasha Bernal

Blackstone Chambers has successfully defended Ofcom against a claim brought by Travellers Movement alleging that Channel 4 programme My Big Fat Gypsy Wedding portrayed travellers in an “unfair and racially stereotypical way”.

New York

White & Case grows revenue by 4 per cent to hit $1.5bn in 2014

20-Feb-2015 | By Natalie Stanton

White & Case has increased its revenue to the $1.5bn (£976m) mark for 2014, a rise of 4.2 per cent on its figure of $1.44bn in 2013.

BLP

BLP caught manipulating trainee retention figures

20-Feb-2015 | By Becky Waller-Davies

Berwin Leighton Paisner (BLP) falsified its trainee retention figure for this spring, it has emerged.

Money dollars

K&L Gates posts 11 per cent boost in London revenue to £44.96m

20-Feb-2015 | By Natasha Bernal

K&L Gates has reported an 11 per cent growth in revenue to £44.96m in London in its year-end financial results, contrasting with a firmwide drop in turnover.

London

Paul Hastings’ London chair: “We have been careful not to be everything for everyone”

20-Feb-2015 | By Natasha Bernal

Paul Hastings might not have yet really jumped on the recruitment carousel which its US rivals are riding in the UK, but its London chair Ronan O’Sullivan thinks the firm is well-placed in the market.

London

Pillsbury pledges to double London office headcount in 2015

20-Feb-2015 | By Natasha Bernal

Pillsbury Winthrop Shaw Pittman chair Jim Rishwain has revealed plans to double the firm’s headcount in London in the next year.

barrister bar bptc

BSB moots handing control of pupillage over to chambers

20-Feb-2015 | By Becky Waller-Davies

The Bar Standards Board (BSB) is considering letting chambers manage pupillage structure and content, in a move which would see the regulator relinquish a significant amount of control.

Money

King & Spalding boosts revenue by 8 per cent to $934m

20-Feb-2015 | By Natalie Stanton

King & Spalding grew its revenue by 8 per cent in 2014, from $861.4m to $934m, marking a revenue increase of more than a third over the past five years.

London

Proskauer targets London. Again.

19-Feb-2015 | By Natalie Stanton

US firm Proskauer has started 2015 with a statement of intent, hiring former SJ Berwin corporate chief Steve Davis to head its team in the City.

Unhappy

Generation Y lawyers less proud of their employers but more able to achieve work/life balance

19-Feb-2015 | By Becky Waller-Davies

Young lawyers are less satisfied and feel less pride in their jobs than their more senior counterparts, research by the Law Society has revealed.

merger deal

Freshfields and Skadden advise on Ball Corporation’s £4.3bn bid for UK rival Rexam

19-Feb-2015 | By Natalie Stanton

Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have won roles advising on the proposed merger of the world’s two largest drinks can manufacturers. 

Court

Pinsent Masons secures victory for Home Office over £224m eBorders payout

19-Feb-2015 | By Tabby Kinder

The Home Office has won a legal challenge against paying £224m compensation to Clifford Chance client Raytheon Systems over a terminated contract.

whitehall

Government admits procedures for handling legally-privileged information are unlawful

19-Feb-2015 | By Joanne Harris

The Government has admitted that the security services’ procedures for handling legally-privileged communications do not meet the requirements of the European Convention on Human Rights (ECHR).

London

Olswang CEO elections still months away as firm searches for candidates

19-Feb-2015 | By Becky Waller-Davies

It has emerged that Olswang is unlikely to hold elections to replace its former chief executive David Stewart until the second half of this year.

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Matt Byrne

The big squeeze on office costs

2-Mar-2015 | By Matt Byrne

Are you reading this while snugly ensconced in your warehouse-sized corner office? Does that make you a dinosaur? Yep, probably.

Read more

Flexible working

4-Mar-2015

The trend for working flexibly is gathering significant pace and as this week’s analysis of Allen & Overy’s Peerpoint reveals, for some firms it’s also a way into new markets domestically and internationally. For years lawyers who worked part time or flexibly were derided in some quarters as second rate. Now, with rapidly growing number of lawyers working flexibly and impressive turnover increases at various offerings, it looks like an idea whose time has come.

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"Paranoia": profession responds angrily to SRA's trainee plans

5-Mar-2015

You think trainee recruitment is competitive now? If the SRA gets its way, it’s about to get much tougher. It plans to withdraw from the voluntary code of conduct which says firms can’t offer training contracts to undergrads before their final year - leaving the way open for a massive free-for-all as firms scramble to snap up the best talent earlier. Potentially much earlier. Could we really find ourselves in a position where training contracts are offered to the best school leavers? ...

Read more