Liverpool-based boutique Provenio, formed by a group of former DLA Piper lawyers, has entered into a £50m funding partnership with Therium Capital Management. Provenio, which is led by managing partner Mark Goodwin alongside two former colleagues from DLA, is looking to use the fund for high-value business litigation and arbitration claims. Goodwin told The Lawyer […]
Cleary Gottlieb Steen & Hamilton is reviewing its remuneration structure, The Lawyer understands. The US firm is looking to ditch its lockstep structure in favour of one that will allow it to provide higher compensation to star partners in a bid to boost retention. The model, if adopted, could take the form of a modified […]
Slaughter and May has won two lucrative UK Government contracts for mandates to help the rail, and TV and film industry, worth a combined £3.7m. The firm has won the two separate contracts in a matter of months. The first one will see Slaughters advise the Department of Transport on an international rail project, the […]
Norton Rose Fulbright (NRF) is suspending its use of the temporary Flex scheme just five months after asking employees to work a four-day week to protect jobs. The Lawyer can reveal that the suspension will come into force at the end of this week and will apply to all members of staff in the firm’s […]
Liverpool-based boutique Provenio, formed by a group of former DLA Piper lawyers, has entered into a £50m funding partnership with Therium Capital Management. Provenio, which is led by managing partner Mark Goodwin alongside two former colleagues from DLA, is looking to use the fund for high-value business litigation and arbitration claims. Goodwin told The Lawyer […]
Cleary Gottlieb Steen & Hamilton is reviewing its remuneration structure, The Lawyer understands. The US firm is looking to ditch its lockstep structure in favour of one that will allow it to provide higher compensation to star partners in a bid to boost retention. The model, if adopted, could take the form of a modified […]
Slaughter and May has won two lucrative UK Government contracts for mandates to help the rail, and TV and film industry, worth a combined £3.7m. The firm has won the two separate contracts in a matter of months. The first one will see Slaughters advise the Department of Transport on an international rail project, the […]
Norton Rose Fulbright (NRF) is suspending its use of the temporary Flex scheme just five months after asking employees to work a four-day week to protect jobs. The Lawyer can reveal that the suspension will come into force at the end of this week and will apply to all members of staff in the firm’s […]
A group of trainees and associates brimming with innovative tech ideas is being given the opportunity to take the reins, collaborate with partners and revolutionise how firms work
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 […]
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 […]
CMS senior partner Penelope Warne has revealed her next steps ahead of her departure from the firm at the end of the month. After 10 years at the helm, Warne is spearheading a project that she founded at the World Bank, via her own company, which promotes the rule of law and access to justice, […]
Slaughter and May is to add another senior lawyer to its pensions team in the City, this time from Freshfields Bruckhaus Deringer. Charles Magoffin, a partner at Freshfields since 2010, is joining Slaughters as a senior counsel from September. Slaughters has still only ever made one lateral hire in the City, also into its pensions […]
Litigation funders will be keeping a close eye on an upcoming review into third-party funding regulation, proposed caps on returns, as well as litigation costs. The Civil Justice Council is looking to produce a full report by the summer of 2025. The review follows an increased focus on litigation funders and their role in disputes, […]
