Careers: in brief

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third-party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Data protection: sunset of £500k, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information – CoA

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

Recommended

CC and Brobeck end fight with a $5.5m settlement

Clifford Chance is hoping that its short-lived association with Brobeck Phleger & Harrison is finally over after a settlement was reached between the firm and former Brobeck partners. The firm settled the long-running dispute – in which the former Brobeck partners alleged that Clifford Chance was responsible for Brobeck’s collapse – for $5.5m (£2.9m) on […]

Allen & Overy – UK 100

Turnover: £652m Profit per equity partner: £609,000 Equity spread: £381,000-£952,000 Net profit: £196m Profit margin: 30 per cent Salaried partner remuneration: £140,000-£200,000 Revenue per lawyer: £347,000 Revenue per partner: £1,513,000 Revenue per equity partner: £2,090,000 Cost per lawyer: £243,000 Profit per lawyer: £104,000 No of partners: 431 No of equity partners: 312 No of female […]

Burges Salmon – UK 100

Turnover: £42.2m Profit per equity partner: £335,000 Equity spread: £200,000-£400,000 Net profit: £16m Profit margin: 38 per cent Salaried partner remuneration: £110,000-£180,000 Revenue per lawyer: £227,000 Revenue per partner: £781,000 Revenue per equity partner: £1,029,000 Cost per lawyer: £141,000 Profit per lawyer: £86,000 No of partners: 54 No of equity partners: 41 No of female […]

Howard Kennedy – UK 100

Turnover: £22m Profit per equity partner: £200,000 Equity spread: £150,000-£300,000 Net profit: £5.5m Profit margin: 25 per cent Salaried partner remuneration: £65,000 Revenue per lawyer: £188,000 Revenue per partner: £349,000 Revenue per equity partner: £1,158,000 Cost per lawyer: £141,000 Profit per lawyer: £47,000 No of partners: 63 No of equity partners: 19 No of female […]

Steptoe & Johnson – UK 100

UK/global turnover: £6m/£121m UK/global PEP: £427,000/£427,000 UK/global revenue per lawyer: £273,000/£368,000 UK revenue per partner/equity partner: £0.6m/£3m Global revenue per equity partner: £1m UK/global number of partners: 2(10)/121 UK/global number of lawyers: 22/329 UK number of staff: 36 UK/global leverage ratio: 1:10/1:1.7 UK equity partner to staff ratio: 1:18 Equity structure: Merit-based with some elements […]

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