The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Travers Smith has slashed its number of new partners by more than half, making up four associates after nine in last year’s round.
Unlike last year, the firm made no promotions in its tax, banking, competition, IP/IT or environment and planning groups, favouring one new partner each in litigation, private equity, funds and corporate finance instead.
Managing partner Chris Carroll said the fall in the number of new partners had nothing to do with market conditions, adding: “We take a long-term view when we make up partners.
“They are all top candidates and we expect them to do very well.”
Unsurprisingly for the corporate-dominated firm, three of the four successful candidates fell within the corporate practice.
Private equity specialist Helen Croke was the sole female associate to make the grade this year, after none in 2007.
The new partners will join the partnership on 1 July, but will have to wait before they can take home a share of the equity.
Last year the firm increased the amount of time a junior partner must wait until moving from the firm’s salaried probation tier into the equity tier from two years to three (The Lawyer, 7 May 2007).
The new promotions are:
Helen Croke, private equity Robert Fell, litigation Anthony Foster, corporate finance Sam Kay, funds