Cristiano Dalla Bona

Cristiano is The Lawyer’s technology reporter, covering innovation and delivery in law firms

Bristol

Thrings kicks off redundancy consultation and defers two rent payments

South-West firm Thrings has kicked off a redundancy consultation for around 20 roles and deferred the rent payment of two of its offices, part of an extensive set of measures implemented by the firm. The Bristol-headquartered outfit has taken the decision as it faces a fall across its financial metrics. Revenue in 2019/20 dropped 8 […]

Bird & Bird

Bird & Bird’s PEP drops for first time in three years

Bird & Bird has seen its average profit per equity partner (PEP) drop in the financial year 2019/20. The UK firm’s PEP went down by 3 per cent from from £575,000 to £555,000, a metric that the firm had not previously reported as part of its financial results for 2019/20. It marked a fall for the […]

Manchester

Beyond London: PwC Legal bets on regions in new expansion project

PwC Legal is looking to expand its lawyer headcount in regional offices as part of a project for the new financial year. The legal arm of the accountancy firm is eyeing growth for its professionals especially in its bases in Manchester and Birmingham, but expansion will equally be pursued in Leeds and Belfast. The project, […]

Mishcon disputes partner exits for Stephenson Harwood

Mishcon de Reya has lost a member of its disputes team to Stephenson Harwood, in what is the City firm’s second departure this week. The departure of financial disputes partner Genevieve Quierin follows on from that of Ben Giaretta, who this week joined Fox Williams. Quierin has spent more than three years at Mishcon, where […]

Money dollars

Cleary is latest US firm to review lockstep structure

Cleary Gottlieb Steen & Hamilton is reviewing its remuneration structure, The Lawyer understands. The US firm is looking to ditch its lockstep structure in favour of one that will allow it to provide higher compensation to star partners in a bid to boost retention. The model, if adopted, could take the form of a modified […]

Mayer Brown to restore full salaries for lawyers and staff

Mayer Brown is reversing its decision on salary cuts that had been implemented for its staff and lawyers as a result of the pandemic. From late September, the remuneration of its employees will be restored to normal levels, five months after agreeing on the cuts. At the time, the firm announced a global reduction of […]

DLA Piper

DLA debuts “radical change” consulting business

DLA Piper‘s global co-CEO Simon Levine has laid out plans for a new collective of consulting services to turn the law firm into an expansive professional services outfit. The firm has launched a separate umbrella brand, Law&, to target new business areas and broader advisory services besides legal advice. The separate business, which is owned […]

CC

Clifford Chance bans client events for the rest of the year

Clifford Chance has postponed all client events to 2021, as it slowly tries to repopulate its London office ahead of the autumn. It is understood that lawyers at the magic circle firm have been instructed to avoid scheduling or organising any form of in-person client event, with existing ones pushed back to at least next […]

Freshfields former innovation chief lands new gig

Freshfields Bruckhaus Deringer’s former head of legal innovation Isabel Parker has found her next role, after leaving the magic circle firm earlier this year. Parker is set to join US-headquartered NewLaw provider Elevate to conduct contractual work for a specific new project whose details are still under wraps. Her new stint comes months after Parker left her […]

The ‘New How’: How Shoosmiths’ lockdown project took shape

In early 2020, Shoosmiths engaged a design agency to build a promotional campaign around a suite of technology platforms. The idea focused on doing things differently, informed by Prof Richard Susskind’s idea of the ‘lawyer of the future’. The campaign revolved around three platforms the firm had developed over the previous year. They were meant […]

Keystone to resume dividends despite profits slowdown

Profits are down at dispersed firm Keystone Law, according to its interim results for the first half of 2020, as the business looks to resume dividend payments due to an increase in its revenue. The listed firm’s profit before tax was down 18.4 per cent from £2.7m to £2.2m, while its turnover grew 5 per […]

barclays

Ince agrees 12-month extension for £6.5m bank repayment

The Ince Group has said it expects to pay down a revolving credit facility from Barclays Bank over the next 12 months, which could put the firm behind its original schedule set pre-pandemic. The firm was due to pay down the £6.5m facility over the new financial year ending in March 2021, a resource that […]