Mishcon de Reya’s borrowings have increased by more than ten fold over the 2023/24 financial year from £3.3m to £40m. The firm’s cash in the bank is £17.2m (down 10.2 per cent on the previous year’s £19.5m), meaning net debt at the firm stands at £23m. Speaking with The Lawyer, Mishcon’s chief operating officer Matt […]
Milbank has restocked its restructuring group after several departures this year, hiring a partner from White & Case. Ian Wallace joins Milbank after nearly 10 years as a partner at White & Case. He joined the firm in 2015 from Freshfields Bruckhaus Deringer where he trained. Wallace focuses on international restructuring situations including advising businesses […]
Cooley has expanded its commercial litigation practice with a hire from Bird & Bird. Bryony Hurst joins the US tech-renowned firm having previously been a partner in the dispute resolution team at Bird & Bird in London. Hurst spent over a decade at her previous firm and was promoted to partner back in 2017. Speaking […]
The Post Office has appointed a law firm to assist it with the aftermath of a data breach this summer, in which contact details of 555 Horizon claimants were mistakenly released. DAC Beachcroft is advising the company in a pre-action dispute with claimants who took the Post Office to the High Court in 2016. In […]
Slaughter and May and Travers Smith are leading on Legal & General’s sale of its UK housebuilder, Cala Homes. Slaughters is leading for longstanding client L&G as it sells Cala to to Ferguson Bidco, a joint venture between Sixth Street Partners and Patron Capital. Slaughters corporate partner Victoria MacDuff is at the helm of the […]
Cahill Gordon & Reindel has added a new partner to its ranks in London, following a number of exits from its finance practice over the year. Cahill has hired Andrew Kelly as a partner, a former Clifford Chance member. He joins its banking and capital markets practice, working on high yield matters, acquisition financings, recapitalisations […]
Greenberg Traurig is leading for Harland & Wolff, the company famous for building the Titanic, as it looks set to appoint administrators. Harland & Wolff posted a notice of intention to appoint an administrator yesterday. Greenberg’s team is led by corporate partner Shashank Krishna, co-vice chair of the restructuring group John Houghton and corporate partner […]
In a bid to expand its intellectual property practice, Addleshaw Goddard is adding five lawyers to its ranks from a specialist City firm. Stobbs’ head of litigation Geoff Steward is joining Addleshaws, along with four lawyers. Steward has worked at Stobbs for nearly six years, and played a key role in developing the firm’s IP […]
Having introduced a firmwide bonus for the first time two years ago, Shoosmiths is now contemplating whether to develop an individual reward scheme for its lawyers. The firmwide bonus, set up in August 2022, recognises all firm employees (excluding partners). It set out to pay staff between 5 to 7 per cent of their basic salary […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
The upcoming UK200 has welcomed its sixth employee ownership trust (EOT) member. Altrincham’s Myerson Solicitors joins Yorkshire’s Ison Harrison and the West Midlands’ Talbots Law in embracing employee ownership, having converted from a limited liability partnership (LLP) to a 100 per cent employee-owned company last week. The EOT model allows all employees to take a […]
NatWest’s former chief executive officer is stepping into a new role at Mishcon de Reya, well over a year after leaving her post at the bank. Alison Rose joins Mishcon as an adviser following a 23-year long career at NatWest, where she started as managing director for leveraged finance before rising through the ranks in […]
33 Chancery Lane is undergoing a mass operational overhaul and rebrand, hiring its first chief executive, three new barristers and moving premises. The 19-barrister set, led by Kennedy Talbot KC, has hired Outer Temple’s practice director Sam Carter as chief executive and director of clerking to help guide the chambers through its new chapter. Carter […]
Eversheds Sutherland has anointed its next co-CEOs for the international and US sides of the business, as Lee Ranson and Mark Wasserman prepare to step down. Eversheds Sutherland partners have decided that managing partner Keith Froud will take the reins from Ranson, while Austin-based global energy co-head Lino Mendiola will replace Wasserman in the US. […]
Kennedys has appointed its first chief knowledge officer, who has moved across to the UK insurance firm from US powerhouse Paul Hastings. Having previously developed Paul Hastings knowledge management strategy at a global level, Catherine Goodman will now be in charge of heading Kennedys knowledge strategy. Goodman was director of innovation and knowledge management at […]
A solicitor has been fined by the Solicitors Disciplinary Tribunal (SDT) after appearing on an antisemitic TV show that “took the form of a wide-ranging attack” upon Mishcon de Reya. Mohammed Akunjee, who has over 30,000 followers on X, has been fined £6,500 and ordered to pay £30,000 in costs after appearing in a TV […]