2
How much do barristers earn?
How much can a barrister realistically expect to earn?
RPC steers clear of furloughing but cuts partner drawings
RPC has cut partner drawings by up to 20 per cent to weather the challenges of the Covid-19 crisis. The firm has introduced a number of time-limited measures that have been put in place with immediate effect. They include the deferral of partner distributions and a “sliding scale” reduction to monthly drawings of up to […]
Gide cuts partner remuneration but keeps associate pay rises
French firm Gide Loyrette Nouel has decided to cut partner pay by up to 25 per cent to keep the business afloat in response to the global impact of Covid-19. Gide’s executive committee has recently taken two precautionary measures to protect the financial stability of the firm. A reduction of up to 25 per cent […]
CMS replenishes corporate ranks with HSF capital markets hire
CMS has hired Herbert Smith Freehills’ capital markets head, just a few days after it lost a longtime corporate partner to White & Case. The firm has hired partner Charles Howarth, who has spent most of his career at HSF. There, he was head of the capital markets practice, advising investment banks on IPOs and […]
Dechert’s Gerrard ordered to pay costs as court rejects stay bid
2
How much do barristers earn?
How much can a barrister realistically expect to earn?
RPC steers clear of furloughing but cuts partner drawings
RPC has cut partner drawings by up to 20 per cent to weather the challenges of the Covid-19 crisis. The firm has introduced a number of time-limited measures that have been put in place with immediate effect. They include the deferral of partner distributions and a “sliding scale” reduction to monthly drawings of up to […]
Gide cuts partner remuneration but keeps associate pay rises
French firm Gide Loyrette Nouel has decided to cut partner pay by up to 25 per cent to keep the business afloat in response to the global impact of Covid-19. Gide’s executive committee has recently taken two precautionary measures to protect the financial stability of the firm. A reduction of up to 25 per cent […]
CMS replenishes corporate ranks with HSF capital markets hire
CMS has hired Herbert Smith Freehills’ capital markets head, just a few days after it lost a longtime corporate partner to White & Case. The firm has hired partner Charles Howarth, who has spent most of his career at HSF. There, he was head of the capital markets practice, advising investment banks on IPOs and […]
The deals that closed last week: newspapers, bikes and retail rescues with Slaughters, Mayer Brown and RPC
The majority of corporate work announced last week revolved around the buying and selling of distressed assets, featuring firms such as Macfarlanes, Slaughter and May and RPC. One of the sales that caught the eye at the beginning of the week was the $16m sale of the IP rights and certain assets of Norton Motorcycles […]
Who’s in and who’s out at Barclays
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, […]
The platform firm has moved mainstream
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 […]
Don’t wait for the climate crisis to come to you
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 […]
Welcome to your TikTok legal career
Talent churn is accelerating among the junior ranks with today’s associates more mobile than the generations before them. The concept of long-term professional loyalty is fading as Gen Z rises. These lawyers ask not what they can do for you, but what your firm can do for them. This generational shift in working attitudes is […]
Slaughters and Linklaters can breathe a huge sigh of relief
Hooray, big-ticket M&A is having a mini-revival and so are the firms that make so much of their money out of it. Already in 2024, major European M&A deals to have been announced include International Paper’s £5.8bn planned acquisition of London-listed packaging company DS Smith, which trumped another offer from rival Mondi. Other significant matters […]
Bakers lawyers told to enjoy ‘spontaneous collisions’ in new hot-desk scheme
Staff at Baker McKenzie are being encouraged to sit next to co-workers outside their teams, in a bid to stop people from flocking to familiar faces on office days. Bakers’ seating scheme at its new London headquarters 280 Bishopsgate is intended to encourage workers to meet people with whom they would not normally interact. While […]
The Passport: Technological change is driving mergers across the Continent
Welcome to The Passport, your regular round-up of all the most important stories to come from the European legal market. In this edition, CMS Wistrand recently went live and its drivers were myriad, but one in particular stood out for us; Poland is dangerously underlawyered in one very particular area; and Pinsents has embarked on […]
“We’re not setting any limitations”: Competition boutique opens in Paris
Competition boutique Geradin Partners opens its doors in Paris today as the firm seeks to become a serious player in the French capital’s vibrant competition and litigation scenes. Opening on the same block as Freshfields in the heart of Paris’ 8e Arrondissement, Geradin has brought in competition litigator Marc Barennes from Bureau Brandeis with his […]
Hill Dickinson presses on with partner car scheme amid EV revolution
Car lease schemes for partners are rapidly dwindling in the wake of the electric vehicle (EV) salary sacrifice revolution, but Hill Dickinson is not one of them. Once a more common method for partners to enjoy part of their profit share, traditional car lease schemes have lost their lustre. The tax incentives that once made […]
Stinklaters: Barbican residents lash out at Links’ ‘noxious’ generator
The residents of the Barbican Centre’s Cromwell Tower organised a demonstration outside magic circle firm Linklaters on Tuesday to protest against its diesel generator, which was installed in late March.
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