A slew of firms have withdrawn from Mipim as fears mount surrounding the spread of coronavirus across Europe. Harper Macleod was among the first to announce that it will no longer be sending delegates to the annual real estate conference. It has been joined by Norton Rose Fulbright and Morrison & Foerster and most recently […]
Herbert Smith Freehills (HSF) has expanded in Europe, opening its first office in Italy with a hire from Simmons & Simmons. The new Milan office, which has been described by the firm as an “IP boutique”, will launch through Laura Orlando, Simmons’ former leading IP partner in the Italian city.
Shearman & Sterling’s revenue reached $968m in 2019 as the firm continues its laboured rise towards $1bn. Last year’s turnover represents a 1.3 per cent increase on its 2018 revenue, when Shearman’s global results showed 5 per cent growth to $955.5m. Meanwhile, the firm’s average profit per equity partner (PEP) was $2.5m, a modest rise […]
Obscene? Possibly. Justifiable? Unlikely. Sustainable? Absolutely.
Lengthy discussions over Arm’s multibillion-dollar listing proved fruitful for its advisers as the legal fees wracked up ahead of its Nasdaq float. Since Arm’s parent company SoftBank announced in February 2022 that plans to sell to NVIDIA had fallen through, all eyes were on Arm to complete its IPO now valued at $54.5bn (£44bn). For the […]
Boodle Hatfield has joined a raft of firms that have confirmed they will be switching their financial year-end to 31 March due to HMRC’s new tax rules, joining Mishcon de Reya, Macfarlanes, Burness Paul and Weightmans. The new rules will cause administrative headaches for finance teams as they enable HMRC to tax a business’ profits in the […]
Three years after pledging to reward a panel firm for its diversity efforts, BT has made good on its promise and automatically reappointed one of its advisers. BT Group has crowned Addleshaw Goddard as having the best diversity and inclusion (D&I) track record among its existing legal panel, which automatically wins the firm a spot […]
Magic circle firm Allen & Overy is mulling a sale of its legal risk management division prior to its merger with Shearman & Sterling. Aosphere is part of A&O’s advanced delivery and solutions offering, which also includes A&O consulting and flexi-lawyer business Peerpoint. Divisions performed well over the last financial year, with revenue across this […]
Addleshaw Goddard’s longstanding managing partner is to stand down from his leadership role one year early. John Joyce, the firm’s former head of business support and restructuring, has led the firm since 2014. He was re-elected for a second term in 2017 and then a third term was obtained during the Covid-19 pandemic. Joyce was always […]
This report contains: ranking of the top 50 firms based on their global litigation revenue generated in the last financial year analysis of financials and headcount growth global trends in litigation over the past year
This report contains: a stratification of the 30 largest global law firms in Continental Europe based on partner headcount a look at what proportion of global partnerships are concentrated in Europe an analysis of firms’ presence in Europe’s five key financial centres
Read this report in order to understand: How key changes in the market are transforming the role of in-house teams Current attitudes and level of adoption of artificial intelligence tools Organisations’ approach to a flexible working culture Projected spend on external legal counsel over the next five years Feedback on quality of service received from […]
Identify key recruitment trends in the real estate legal market across all sectors from The Lawyer’s proprietary jobs data Get critical data on firms that have hired most real estate lawyers and firms that have lost most real estate lawyers. Also see where a firm’s hires have come from and where a firm’s lawyers have gone […]
This report contains: an overview of the UK corporate market in 2022 analysis of financial performance at the top 50 City firms ranked by UK-generated corporate revenue a focus on the energy and infrastructure (E&I) sector which remains active during a year of deals slowdown
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The Lawyer’s first Regional Powerhouse Ranking shows the strength of the UK’s legal market outside London
A period of radical change has descended on the profession, with firms contending with a raft of organisational challenges. Major tax reforms are underway for the 2023/24 year, with many firms expected to issue cash calls to satisfy the income tax bills from HM Revenue & Customs. But this one-off hit is little compared with […]
How many people does it take to keep lawyers honest? For the Solicitors Regulation Authority (SRA) the answer is 646. That’s how many people were employed by the body that regulates solicitors across England and Wales as of October 2022, with headcount having grown by nearly 50 since 2018. In turn, those 646 members of […]
The reimagining of the office is a hallmark of the post-pandemic era. In 2022, law firms took 1.5m sq ft of space in London, a new record, according to Knight Frank. And this isn’t a phenomenon confined to the capital: from Glasgow to Plymouth, law firms are leading the climate-friendly office revolution. The upcoming The […]
Firms are starting to pour investment into legal tech, but the same cannot be said for their clients
The Republic of Mozambique has succeeded in keeping its litigation over the ‘tuna bonds’ scandal alive amid an attempt by Privinvest Shipbuilding to seek a partial stay of proceedings. The shipbuilding company was funded by a range of creditors, including Credit Suisse, to develop an exclusive economic zone around the Mozambique coast to develop tuna […]
CMS is the latest firm to launch an outpost in the Saudi Arabian capital. The Lawyer understands the firm has just received its licence to open from the Saudi government and is in the process of hiring a team. CMS joins a spate of firms that are looking to launch in Saudi Arabia. In July, […]
A decade after its last flurry of UK office launches, TLT is set to open in Birmingham. It will be the seventh UK office for TLT, which has long maintained a UK focus while forging strategic alliances with European firms. TLT said it has plans to house around 60 people in the city, with the […]
Trowers & Hamlins has increased borrowings from £6m to £11.3m to finance necessary investments to ensure it can remain independent. The senior leadership team told The Lawyer it wants to grow to retain and attract the best talent, but that it is not looking at a merger. The firm has instead been investing in new […]
Successful candidates who directly apply for a role at Yorkshire law firm Lupton Fawcett will now receive an onboarding bonus of up to 20 per cent of their annual salary. The initiative has been launched in an attempt to cut out the middleman – such as recruitment agencies and headhunting firms – to attract candidates […]
