A raft of firms have been called up on the bidding war for Morrisons, two weeks after it turned down a £5.5bn takeover bid from Clayton Dubilier & Rice (CD&R). An investment consortium led by US private equity firm Fortress Group threw in a £6.3bn bid for Morrisons over the weekend, while this morning it […]
Profits per equity partner (PEP) at Charles Russell Speechlys jumped 40 per cent last year, as its financials rebounded after a dip in 2019/20. PEP shot up from £380,000 to £533,000, while net profit also rose dramatically by more than 37 per cent from £28.6m to £39.6m. Meanwhile, revenue went up by more than 8 per […]
Seven in-house lawyers express their gratitude to external advisers for helping them through the pandemic, while giving pointers on how to move forward.
CMS’ global turnover increased by three per cent to €1.475bn, in its fourth financial results since its merger with Olswang and Nabarro. The latest results, which covers the 2020 calendar year, marks a period of muted growth for the firm. In its 2019 financials, the firm saw global revenue rise by nearly five per cent […]
A raft of firms have been called up on the bidding war for Morrisons, two weeks after it turned down a £5.5bn takeover bid from Clayton Dubilier & Rice (CD&R). An investment consortium led by US private equity firm Fortress Group threw in a £6.3bn bid for Morrisons over the weekend, while this morning it […]
Profits per equity partner (PEP) at Charles Russell Speechlys jumped 40 per cent last year, as its financials rebounded after a dip in 2019/20. PEP shot up from £380,000 to £533,000, while net profit also rose dramatically by more than 37 per cent from £28.6m to £39.6m. Meanwhile, revenue went up by more than 8 per […]
Seven in-house lawyers express their gratitude to external advisers for helping them through the pandemic, while giving pointers on how to move forward.
CMS’ global turnover increased by three per cent to €1.475bn, in its fourth financial results since its merger with Olswang and Nabarro. The latest results, which covers the 2020 calendar year, marks a period of muted growth for the firm. In its 2019 financials, the firm saw global revenue rise by nearly five per cent […]
Why is a lawyer like a dentist? It’s not a trick question – both are professions where, in order to be successful, emotional intelligence is vital. A patient in need of root canal treatment will favour the dentist that welcomes them into the surgery and ensures they feel relaxed while the painful problem is treated. […]
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 […]
Talk of associates losing faith in the partnership track is nowhere to be seen at Addleshaw Goddard, which recently unveiled its largest round to date. The partnership count is currently running at 429 – up 75 per cent from the 245 it housed back in 2019. Those promotions show a firm that is bullish about […]
1 May is a big day for many in the legal industry, not just the thousands of people at Allen & Overy and Shearman who have now combined officially. Scores of lawyers become partners today after a wave of promotions, meaning that also – in the great circle of life – plenty of veterans are […]
The significance of the unstoppable growth of US-headquartered firms in London isn’t solely about jaw-dropping scale, although the size of headcount and revenue at some of these big City beasts is truly head-turning. Notably, several US firms have doubled down on their investment in London of late, and not just Paul Weiss. While the New […]
Trainees at Freshfields Bruckhaus Deringer and Slaughter and May are among the least likely to use LinkedIn, according to data provided to The Lawyer. Research conducted by TBD Marketing has ranked leading law firms according to how often its trainees use their LinkedIn profiles to write posts ranging from quick career milestones updates to long […]
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
Charles Russell Speechlys (CRS) is continuing its innovation strategy rollout with the introduction of a new programme for its trainee solicitors. Following the launch of its ‘advanced client solutions’ (ACS) team in early April, the firm has now brought in Russell Up, a scheme designed to have each trainee deliver four innovation projects throughout their two-year training […]
Davis Polk & Wardwell has recruited from Paul Hastings’s finance team, expanding its partnership ranks in the City to nine. The small City outfit has hired Luke McDougall from Paul Hastings. McDougall focuses on UK and cross-border acquisition finance and restructuring, acting for senior lenders, junior lenders and borrower groups on a variety of capital […]
Having returned to the legal market after seven years in retirement, Graham White has been named as senior partner of McDermott Will & Emery’s London office, along with a new managing partner. Private equity lawyer White, who joined McDermott this year after leaving Fried Frank Harris Shriver & Jacobson in 2017, has taken on the […]
