Osborne Clarke is to increase salaries across its workforce in March, as the firm also prepares to bring an end to the reduction in partners’ monthly draws. Monthly partner draws were reduced by 10 per cent as part of the firm’s Covid-19 measures, with the firm now set to repay the money withheld as a […]
Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]
Private equity buyers Bain Capital and Cinven called on Kirkland & Ellis and Freshfields Bruckhaus Deringer for counsel as they bought a division of Swiss life sciences business Lonza. Kirkland took the lead on M&A aspects of the transaction, with a team led by partners Adrian Maguire, Rory Mullarkey, Jacob Traff and Dan Clarke. Freshfields meanwhile […]
The firms which made the most severe reductions during the 2008/09 crash tended to perform best in the following years.
Osborne Clarke is to increase salaries across its workforce in March, as the firm also prepares to bring an end to the reduction in partners’ monthly draws. Monthly partner draws were reduced by 10 per cent as part of the firm’s Covid-19 measures, with the firm now set to repay the money withheld as a […]
Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]
Private equity buyers Bain Capital and Cinven called on Kirkland & Ellis and Freshfields Bruckhaus Deringer for counsel as they bought a division of Swiss life sciences business Lonza. Kirkland took the lead on M&A aspects of the transaction, with a team led by partners Adrian Maguire, Rory Mullarkey, Jacob Traff and Dan Clarke. Freshfields meanwhile […]
The firms which made the most severe reductions during the 2008/09 crash tended to perform best in the following years.
Two Allen & Overy (A&O) associates have joined the London office of Cahill Gordon & Reindel, rejoining a team of partners that left the magic circle firm for the US rival last year. The associates in question are A&O’s Prudence Criddle and Warren Newton, who are joining as partners. The two serve banking and institutional […]
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Quinn Emanuel Urquhart & Sullivan has lost its UK head of competition, a year and a half after he joined the firm. Lambros Kilaniotis left the firm in April, having joined Quinn from RPC (where he was head of competition) in January 2023 to co-head Quinn’s UK competition practice with partner Kate Vernon. In a […]
The latest episode of The Lawyer Podcast is out now. Last week, all eyes were on A&O Shearman, a union hailing Big Law and its future. But in this week’s episode, we consider why so many solicitors are pursuing another future: opening their own firm. A survey from Censuswide on behalf of Harbour Litigation Funding […]
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
A senior member of Travers Smith’s corporate group has left for Linklaters, after a string of departures from both firms. Richard Spedding has left the firm for Linklaters after 25 years at Travers, making partner in 2003. Working in M&A and equity capital markets, Spedding was also an associate at Freshfields Bruckhaus Deringer for five […]
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
