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Catrin is the editor of The Lawyer.
Here’s a tale of two worlds. On the one side, associate bonuses are coming under threat at transaction-focused US City firms thanks to the drop in deals. On the other, you have Quinn paying out one-off special bonuses of up to $32,900 to its 75 junior lawyers in the City. If you’re a litigator, you’re […]
No, we have not reached peak Kirkland. When Neel Sachdev led his squad to Paul Weiss several leveraged finance partners predicted that a wounded Kirkland would have to spend its time paying out stay bonuses. And there was a popular theory that the firm would find it difficult to hire because it was politically unattractive. […]
Kirkland & Ellis is understood to be offering star lateral partner Ian Barratt a package that could be worth up to $20m in part to compensate for the loss of his Simpson Thacher pension, according to sources familiar with both firms. Barratt, whose arrival at Kirkland was first revealed in The Lawyer last week, arrives […]
As 400 lawyers publish a joint letter condemning Hamas’s terror attacks, will UK institutions follow suit?
Paul Weiss is set to turn its back on the City for the location of its new office in the wake of its raids on Kirkland & Ellis. It is understood that the firm is investigating the possibility of a West End London HQ in order to be close to private equity (PE) clients. The […]
Farrer & Co, Forsters and Fladgate don’t need high leverage to make real estate and private client work for them
These are painful times for CMS corporate associates, who were informed three weeks ago that the firm would be carrying out layoffs and that up to 19 roles were at risk. The first take: CMS plays firmly in the City low-to-mid-market and has suffered from the dearth of deals, AIM floats and venture capital fundraising. […]
As Axiom Ince finally collapses, The Lawyer can reveal that barely any of the current or future trainees have found new homes – and the future trainees have missed their deadline to begin their studies at BPP. The Lawyer understands that two individuals have been able to transfer their current training contracts to Stephenson Harwood […]
Another debt finance partner from Kirkland & Ellis is understood to have resigned to join Paul Weiss, The Lawyer can reveal. Stefan Arnold-Soulby will become the 10th hire as part of the New York firm’s UK expansion, led by former Kirkland finance partner Neel Sachdev. Arnold-Soulby is known to act for Warburg Pincus and Investindustrial, […]
‘John Joyce is walking with a swagger,’ grins a law firm consultant. And quite right too. After nearly a decade at the helm, Joyce revealed that his firm had pulled off a stellar set of financials that bucked market trends. Addleshaw Goddard’s revenues grew 18 per cent to £443m and average profit per equity partner […]
The City of London Law Society (CLLS) has appealed to City firms to take on trainees from Ince as fear grows for the future of the troubled firm. On Friday 25 August, CLLS chair Colin Passmore, at the behest of CLLS training committee chair Patrick McCann and Watson Farley & Williams’ director of development and […]
Ince & Co was branded as a faded star by the saltier denizens of the legal profession, but it still has fans in some quarters – notably within the firm itself. There has been no flood of departures either domestically or internationally, which suggests a mixture of camaraderie and trauma-bonding. For a firm that has […]