Around a fifth (17 per cent) of Eversheds Sutherland’s total revenue is generated from the real estate sector, according to The Lawyer’s Global Real Estate 50 report, and its focus on the market stretches back decades, particular in the UK. Consequently, there are few firms better placed to comment on the state of the real estate market […]
One of the most eye-catching deals of recent weeks was the sale of the Ritz, which completed late last Friday despite the best efforts of the virus and featured Weil Gotshal advising the iconic hotel. It provided a reminder that while Covid-19 has understandably shunted 99 per cent of all other news off the agenda, […]
Will Covid-19 revolutionise the way we work, permanently? The speed with which people have shifted from the daily commute to working from home, with all the adjustments that is requiring, has been astonishing. The short-term impacts are still sinking in. No-one yet knows how long the Covid-19 crisis will last but, longer term, are there […]
Within the space of five days from Monday 16 March, working from home (WFH) became the new normal for the vast majority of the population. Lives and habits changed instantly. You’ve probably already enjoyed at least one Zoom cocktail party, reacquainted yourself with your children and perhaps joined an online choir? From a legal market […]
Keystone Law, the listed flexible working legal services business, today confirmed that it would not be paying shareholders a dividend when it announces its full-year results for the period ended 31 January 2020, blaming the “uncertain” and “unprecedented” times resulting from the Covid-19 crisis. The company stressed that despite the deferment of the dividend, which […]
Amid turmoil on the public markets, Mishcon de Reya has shelved further discussion of a part-IPO after resistance from sections of the partnership. Early in 2019 The Lawyer noted the talk linking the firm with an IPO; by the end of the summer the news broke that Mishcon was indeed in the early days of […]
Lockup discipline will be a priority item on the managerial agenda as firms look to shore up their cashflow in response to the economic earthquake sparked by the coronavirus pandemic. There are signs that firms have become too lax when it comes to basic financial hygiene. The lessons learned in 2008, it seems, have been […]
Mishcon de Reya’s Kevin Gold is preparing to hand over the reins as sole managing partner of the firm after 23 years in the top job, The Lawyer can reveal, with the introduction of an executive chairperson role aimed at developing the firm’s international strategy and non-law businesses. The firm says the move is a […]
It’s hard to think of anything else right now other than the coronavirus, but the world doesn’t stop, and you might have noticed that there is another weighty issue that has also made the leap from global public consciousness into the legal market, particularly over the past year: climate change. Largely thanks to the efforts […]
Alternative asset classes and technology-related developments such as data centres are powering firms’ real estate practices and re-shaping the hot spots of demand in the UK and beyond, new data has confirmed. The findings in The Lawyer’s new Global Real Estate 50 report, coupled with insights direct from lawyers in some of the world’s largest […]
Dentons has the largest real estate sector group in the world, according to The Lawyer’s annual Global Real Estate 50 report, with a team of 448 partners. The firm’s partner headcount of 448 exceeds that of Mishcon de Reya’s total lawyer headcount, which totalled 442 in last year’s UK200. While the past 12 months has […]
Firms must respond to the cost-cutting impact of new tech on real estate deals and can no longer rely on clients footing the bill, leading lawyers have warned.