Ashurst has cut 54 secretarial roles in its London office, after the firm decided to scrap the position of executive assistants (EAs) in favour of a new role called “practice executive”. The firm revealed in May that 80 roles were at risk as part of the shift, with practice executives set to cover a broader line […]
UK-headquartered firms have been piling in to release their 2017/18 financial results. Which firms have reported so far?
DAC Beachcroft has posted a strong set of results for the 2017/18 financial year, showing double-digit growth in turnover and profit as well as posting a record-high in profit per equity partner (PEP) of £530,000. An 11 per cent increase in turnover from 2016/17 saw the firm rise from £207m to £230m, while a 21 per […]
With less than three months to go to trial, Fountain Court Chambers has been brought in to act for Robert Tchenguiz in his feud with Grant Thornton after he swapped incumbent adviser Stephenson Harwood for Debevoise & Plimpton. It is understood that Fountain Court silk Charles Béar is now being instructed by Debevoise partner Kevin Lloyd ahead […]
Clifford Chance has revealed its retention result for autumn 2018, the first of the magic circle to do so. The firm offered newly-qualified jobs to 36 of its final seat trainees, out of 44 who applied for roles. There were 47 trainees in the cohort in total, meaning the firm’s retention rate is 76.5 per […]
The UK Government’s Crown Commercial Service (CCS) has cut its legal fees by over 70 per cent in the last three years, according to figures published yesterday. The body, which manages the UK Government’s procurement processes, said in its annual report that legal fees since 2014/15 have dropped from over £2m per year to £578,000 […]
Bryan Cave Leighton Paisner (BCLP) is advising the Crown Estate on a sprawling mixed-use development in the heart of St James, nine months after it was appointed as the prodigious property company’s sole adviser. Head of non-contentious construction Mark Hanson is leading in the construction of The Marq, a 46,000sq ft development, looming behind Fortnum & […]
Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]
E-signatures company DocuSign is growing fast, as is the remit of genial GC Reggie Davis.
Clifford Chance is set to reduce the number of chambers it instructs, after an internal survey of its litigation practice revealed it was instructing too many individual sets. The Lawyer understands that senior management at the magic circle firm surveyed the entire practice to better understand the range of sets that were being instructed. A […]
Clyde & Co is advising Hong-Kong based developers Lai Sun Development Company in the construction of 100 Leadenhall – a skyscraper that is set to be London’s third tallest tower. Real estate partner Martin Quicke, who specialises in advising property companies and overseas investors from Hong Kong and South east Asia, is leading for Lai […]
Clyde & Co has appointed a new chief information officer to spearhead the firm’s data and IT strategy, after the departure of former lead Chris White. White joined Clydes in June 2013, but turned his 18-month initial contract into a full-time role in December 2015 to adequately implement his plans for the firm. He said: “After […]
Ince & Co‘s redundancy consultation has resulted in the departure of 32 people and a search to sub-let 22 per cent of the firm’s floor space in its London headquarters. Of those 32, 25 business services staff have now left the firm along with a further seven fee-earners, including one junior salaried partner. There are […]
In-depth insight for your firm; Enquire now The primary focus of this year’s Global 200 report is on growth across the group but particularly at the top end, with a specific spotlight on the significant trends within the near 40-strong, $1bn-plus group of firms. This will include histories of mergers, plus recent mergers in the […]
Win more new business and spot greater opportunities. Essential insight for your firm. 1 Discover and examine the growth of independent Asia-Pacific firms in their HQ region. One such example is in one of the major Asia-Pacific regions, Australia. The below graph shows the percentage year-on-year headcount increase for the 10 fastest growing firms. Australia’s […]
Indispensable insight for your firm; Enquire now 1. Discover and examine the growth of independent European firms on the continent. Independent European firms are thriving, and as such, are inhibiting the further growth of international firms. One such indicator looks at their revenue growth over the past 5 years, as seen below, having increased from […]
Back at Shearman, Ward McKimm will be reunited with his former client base – and with some old friends.
But much has changed in the seven years since he left Shearman & Sterling. Can the superstar partner replicate his past success, or is it true that you can never go back?
It is a historical oddity of magic circle figures that there is always one firm that has an off year.
One year on from the day DLA Piper went down to a Russian cyber attack, its leadership recalls the firm’s fortnight of crisis – and how it survived.
Firms are targeting an emerging breed of professional able to span the gap between technology and the practice of law
The changing political environment is making life harder for the London lawyers servicing Russia’s super-rich.
Essential insight for your firm in the Asia-Pac region.
1. Discover and examine the growth of independent Asia-Pacific firms in their HQ region.
2. Investigate where the opportunities lie; which local firms to compete with, to partner with and to acquire.
3. Reveal the growth of international firms in Asia-Pac legal markets.
The Lawyer’s Asia Pacific 100 report looks into the Asia Pacific legal market, with a focus on the region’s top 100 independent firms and analysis of the 50 largest international firms, looking at them both as a single group and on a more focused, jurisdictional basis.
Quinn Emanuel Urquhart & Sullivan has dismissed partner Mark Hastings without compensation following an investigation into two allegations of inappropriate behaviour, The Lawyer can reveal. The allegations first surfaced in February with Mishcon de Reya partner Alison Levitt QC drafted in to conduct the firm’s internal investigation. Following the presentation of Levitt’s findings, Hastings was dismissed […]
Linklaters has set up an external whistleblowing hotline for its staff in recognition that individuals can feel wary about reporting harassment concerns to people within the firm, The Lawyer has learned. The magic circle firm revealed its SpeakUp initiative to partners last week, and to the firm yesterday. It means that people will be able […]
Clifford Chance has launched a second investigation in under 12 months into the behaviour of a current partner, following allegations of sexual misconduct leaked to The Lawyer. The first allegations emerged in 2015 when the accused partner was based in one of the firm’s European offices, and include multiple allegations of sexual impropriety with staff in […]
Hogan Lovells gender pay gap results have shown that female partners receive more than their male counterparts on both a median and mean basis.
We posed the following question to 15 experts from across the legal industry: “What do you believe lawyers and law firms need to do to prepare for the future of legal services?” We were surprised at the diversity of their answers. From design thinking to modernising service delivery; understanding clients’ needs and giving added value; […]
Guernsey’s new Green Fund offering investors certified environmentally friendly opportunities is a welcome innovation that creates another clear differentiator for the jurisdiction, says Ogier Group Partner Craig Cordle…
By Kieran Laird On 26 June the EU (Withdrawal) Act 2018 (‘the EUWA’) received royal assent. The purpose of the new law is to avoid a legal vacuum once laws which currently apply in the UK because of its membership of the EU fall away after Brexit. Although its passage through Parliament was intensely controversial, the […]
By Richard Hall Welcome to TLT’s busy lenders’ monthly round-up. Each month we summarise the latest news and developments in retail mortgage lending and regulation. This month in summary: News Immigration checks suspended New death notification process Banks forward planning for a ‘cliff-edge Brexit’ Improved protections for customers of claims management companies under new Regulations […]
Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…
