Gabriella Kane

Gabriella is a reporter at The Lawyer. She covers corporate and real estate.

People walking office

WFW cuts 12 PA roles after consultation process

Watson Farley & Williams (WFW) has made 12 of its legal PAs redundant, following a consultation earlier in the month. WFW confirmed it has cut 12 roles due to the switch to remote working during the Covid-19 pandemic. In April, the firm furloughed 49 non-fee-earners in the UK and suspended partner distributions. Some staff also had their salaries […]

2019/20 financials: Brodies posts tenth year of revenue growth

Brodies has recorded its tenth consecutive year of growth, with a 7 per cent revenue increase. Over 2019/20, the firm’s revenue rose from £76.9m to £82m while profits before partner distributions were £38.5m, up from £37.4m the previous year (3 per cent growth). Cash balances also increased from £21m to £25m. Average profit per equity […]

Fleet street London

Slaughters scopes out City premises in HQ search

Slaughter and May has scoped out Goldman Sachs’ former European HQ as an option for its London relocation. The Lawyer understands that with its current lease expiring in 2026, the firm has looked at Peterborough Court on Fleet Street as a potential new HQ. Slaughters has occupied the entire 260,000 sq ft of its 1 […]

Clifford Chance regains place on FCA’s £8.6m panel

Clifford Chance, Ashurst, DLA Piper and Dentons are among the firms that have secured a place on The Financial Conduct Authority (FCA)’s latest £8.6m legal panel. The new, expanded panel is made up of 15 firms, with new appointments including Clyde & Co, Pinsent Masons and Mills & Reeve. Whereas previously the FCA had separate […]

law school fees

Macfarlanes records record turnover and big profits increase

Macfarlanes has posted double digit growth for profit per equity partner (PEP) over 2019/20, with revenue also rising by 9.5 per cent. The City firm’s PEP grew 10 per cent to £1.91m, the highest PEP figure of any UK firm to report this year so far. The double-digit increase puts Macfarlanes’ PEP above all the […]

move, hire, exit

Simpson Thacher targets Gibson Dunn for City M&A hire

Simpson Thacher & Bartlett has poached private equity partner James Howe from Gibson Dunn. Howe, who focuses on cross-border leveraged buyouts, mergers and acquisitions and corporate finance transactions, joins Simpson Thacher’s London M&A practice after four years as a partner at Gibson Dunn. Prior to joining Gibson Dunn he was a partner at Proskauer Rose.  […]

Travers Smith

Travers’ PEP drops 20 per cent ending 10-year growth streak

Travers Smith’s average profit per equity partner dropped back down to £1m over 2019/20, as revenue fell for the first time in a decade. The latest financials are a setback from 2018/19 when Travers’ revenue had increased 11 per cent from £147m to £162.5m, while average profit per equity partner saw a 4 per cent uplift […]

energy

Vivo Energy appoints Barclays lawyer as new GC

Vivo Energy has filled its general counsel role with the hire of Barclays Bank’s former company secretary. Adrian de Souza joins the FTSE 250 company as GC from an interim role as company secretary and managing director at Barclays, a position he held between November 2018 to September 2019. Upon joining Vivo, on 27 July […]

Allen & Overy

A&O sets new ethnicity targets for 2025

Allen & Overy has released a series of ethnicity targets for 2025, including goals for its City partnership and employees. The firm wants ethnic minority representation in its London partnership to reach 15 per cent in the next five years, with that figure reaching 25 per cent for its lawyers and support staff. The magic […]

Mills & Reeve hands out £1,000 staff bonus despite “challenging” Q4

Mills & Reeve‘s revenue inched up by nearly three per cent over 2019/20, with the firm handing out a slightly lower all-staff bonus compared to previous years. Revenue reached £114.1m. The firm said that despite a challenging last quarter that ended in May, its financial performance had been strong and as a result it has announced […]

BT’s Openreach appoints new GC

BT’s digital network business Openreach has appointed a new general counsel (GC). Sophie Bouckaert has taken on the role of GC from Nigel Cheek. Bouckaert joined Openreach in 2010 and was part of the team that negotiated its telecommunications strategic review with Ofcom. She previously worked for Hogan Lovells in London and Brussels before heading […]

london

Mayer Brown and BCLP lead on sale of Morgan Stanley’s City HQ

Bryan Cave Leighton Paisner (BCLP) and Mayer Brown acted on Link REIT’s £383.6m acquisition of 25 Cabot Square in Canary Wharf. The acquisition of the 17-floor office complex, which houses Morgan Stanley’s HQ, marks the Hong Kong-based investment trust’s entry into Europe. Mayer Brown acted for Link, Asia’s largest real estate investment trust, led by […]