Boies Schiller is giving UK associates the option of either partner-style “formula compensation” or standard salaries to recruit and retain new talent, The Lawyer can reveal. Each City associate at Boies Schiller can now choose whether to receive a standard market competitive annual bonus or instead be paid a percentage of the number hours they […]
Kirkland and Latham top the US 50 law firms in London table in 2021.
After the row over Shearman’s perceived closeness to Kirkland on the Access refinancing, is the law firm designation model on private equity deals about to crumble?
The magic circle has been usurped by the US ‘giants’ when it comes to corporate practice
Check-in with The Lawyer each week as we spot the most important new claims hitting the courts and assess what they say about the litigation landscape.
Boies Schiller is giving UK associates the option of either partner-style “formula compensation” or standard salaries to recruit and retain new talent, The Lawyer can reveal. Each City associate at Boies Schiller can now choose whether to receive a standard market competitive annual bonus or instead be paid a percentage of the number hours they […]
Kirkland and Latham top the US 50 law firms in London table in 2021.
After the row over Shearman’s perceived closeness to Kirkland on the Access refinancing, is the law firm designation model on private equity deals about to crumble?
The magic circle has been usurped by the US ‘giants’ when it comes to corporate practice
The billable hour system is when a lawyer records how they spend every minute of their working day to calculate how they bill the client. It used to be the most common method of charging a client for the work of a lawyer. Different bands of lawyers at different firms cost different amounts and clients […]
There’s no doubt that firms are using non-UK growth to power their global figures. Of the 35 Top 50 firms for which The Lawyer has historical global revenue data, all but four saw higher growth outside the UK in the five years since 2019. Included in this group is Herbert Smith Freehillls (HSF), where London remains […]
Which law firms are private equity houses looking to invest in? The answer, if the conversations we’re having with managing partners are anything to go by, is ‘pretty much all of them’. Most regional firms of note have had speculative approaches at some time in the last five years or so, as private equity gradually […]
Barclays’ legal team was once among the most influential in the UK. That power has diminished over the last decade, yet the banking giant still packs a punch when it comes to talent management. Some 40 lawyers are understood to have left Barclays in the UK last year. There are cost-cutting measures at play here, […]
Keystone Law, the poster child for the platform firm, is likely to break the psychologically important £100m revenue barrier in 2025. The success of this firm has spawned a new market, which is challenging traditional firms on the talent front. More than 3,500 lawyers now work across a variety of fee-sharing outfits, research from Atlas […]
Gibson Dunn & Crutcher, Gowling WLG and Norton Rose Fulbright’s London offices will all be under water in a few decades. This trio shares idyllic views overlooking the Thames, but they will all be submerged in the river by the year 2100 as climate change-induced sea level rises occur. And this is based on the […]
Linklaters and Slaughter and May are leading on BHP’s mega-offer for rival mining company Anglo American. It emerged this morning that Australian giant BHP had put forward an unsolicited proposal to Anglo American If the deal went ahead, it would be valued at around £31bn. Linklaters is on call for Anglo American as it discusses […]
The ex-general counsel of Haleon has announced that he has joined energy and chemicals business Aramco, which is based in Saudi Arabia. Bjarne Tellman was hired by GSK four years ago to prepare the company for the creation of Haleon, one of the UK’s largest corporate demergers in 20 years. The purpose of the demerger […]
The wait is finally over. In just under a week, the transformational merger between Allen & Overy and Shearman & Sterling will go live. But while the deal is done, the job is only just beginning. On this episode of The Lawyer Podcast, editor Catrin Griffiths and litigation editor Christian Smith look at how the […]
A duo from Travers Smith is leaving for Goodwin Procter, as exits from the UK firm’s corporate team continue. Partners Ian Keefe and George Weavil are joining Goodwin’s private equity team. Their arrivals follow the exit of a team from Goodwin to Fried Frank Harris Shriver & Jacobson, led by partner Christian Iwasko. Both Weavil […]
The Supreme Court has upheld an anti-suit injunction against a Gazprom subsidiary, potentially halting €440m proceedings in Russia. The Gazprom part-owned special purpose entity, RusChemAlliance (RCA), had brought a damages claim against the bank UniCredit in Russia concerning an aborted contract following Russia’s invasion of Ukraine. UniCredit instructed Latham & Watkins in its pursuit of […]
