JMW has made 19 redundancies, including seven fee-earners in its property team. The firm said that 19 roles had been redundant, including six Manchester fee-earners in real estate commercial, and one in London. It did not specify which departments the remaining twelve roles were in. Their employment completes on 31st October. JMW said that the […]
HSBC and Monzo have brought in senior temporary replacements to fill the shoes of their departing legal heads. HSBC has brought in a replacement through Allen & Overy’s flexible resourcing platform Peerpoint while it looks for a permanent new M&A associate general counsel following the exit of Graham Kirk to British defence company Cobham. The […]
Clifford Chance has introduced a new formula to regulate its profit distributions against the economic fallout of the pandemic, The Lawyer understands. Sources in the firm said that management has introduced a new self-regulating cash management formula that calculates the amount of distributions to be dished out against current financial and operational statistics. Previously distribution […]
Rather than mass redundancies, we are instead likely to see a movement of legal support teams into remote roles.
JMW has made 19 redundancies, including seven fee-earners in its property team. The firm said that 19 roles had been redundant, including six Manchester fee-earners in real estate commercial, and one in London. It did not specify which departments the remaining twelve roles were in. Their employment completes on 31st October. JMW said that the […]
HSBC and Monzo have brought in senior temporary replacements to fill the shoes of their departing legal heads. HSBC has brought in a replacement through Allen & Overy’s flexible resourcing platform Peerpoint while it looks for a permanent new M&A associate general counsel following the exit of Graham Kirk to British defence company Cobham. The […]
Clifford Chance has introduced a new formula to regulate its profit distributions against the economic fallout of the pandemic, The Lawyer understands. Sources in the firm said that management has introduced a new self-regulating cash management formula that calculates the amount of distributions to be dished out against current financial and operational statistics. Previously distribution […]
Rather than mass redundancies, we are instead likely to see a movement of legal support teams into remote roles.
A&O employee data for 2020 for London Mean hourly gender pay gap: 16.1 per cent (down 1 per cent) Median hourly gender pay gap: 28.7 per cent (down 3.1 per cent) A&O combined partner and employee data for 2020 Mean hourly gender pay gap: 59.9 per cent (down 1.6 per cent) Median hourly gender pay […]
We’re all watching eagerly for the changes coming at Allen & Overy on 1 May as its merger with Shearman & Sterling finally goes live. But Addleshaws has its own significant change that day. Next Wednesday, Andrew Johnston will officially kick off his tenure as managing partner with longstanding incumbent John Joyce stepping aside. Addleshaws […]
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 […]
The Court of Appeal has overturned a ruling made against Saudi businessman Sheikh Mohamed Bin Issa Al Jaber, in a claim brought by the liquidators of one of the Sheikh’s former companies, MBI International & Partners. Mishcon de Reya represented the Sheikh in the appeal, which was brought on the basis that Mrs Justice Smith […]
The High Court has ordered that the jurisdiction challenge in the $13.8bn dispute brought by jailed Russian businessman Ziyavudin Magomedov be heard this Autumn following a successful expedition application brought by the claimants. In December 2022, Magomedov was sentenced to 19 years in jail for embezzlement alongside his brother, having already spent more than four years […]
US firms Kirkland & Ellis and Latham & Watkins are leading on another US private equity acquisition of a London-listed company. This morning it was announced that US private equity firm Thoma Bravo has reached an agreement for Bidco to acquire leading UK-based cybersecurity company Darktrace. Darktrace is listed on the London Stock Exchange and will be […]
HSBC has prevailed in the £240m claim against it, which alleged deceit, conspiracy and joint tort-feasance against the banking giant. The case was listed as one of The Lawyer’s Top 20 Cases of 2024 and saw HSBC instruct Norton Rose Fulbright to defend two jointly managed actions being pursued by Edwin Coe and Stewarts on behalf of […]
Today’s savvy General Counsel (GCs) are facing a raft of challenges posed by tech, resourcing, and budget constraints, with in-house teams stretched beyond capacity. While some challenges offer opportunities for GCs to change their organisation’s approach – for example resourcing – how can GCs justify investment in their function when budgets are being slashed? […]
