RBG Holdings has purchased independent London outfit Memery Crystal in a £30m acquisition. As a result of the transaction, which was announced on the London Stock Exchange on Tuesday morning, the parent group of litigation-focused Rosenblatt Limited confirmed that the two firms will retain their own brands and offices in the deal, while also stating […]
Herbert Smith Freehills (HSF) is broadening the offering of its alternative legal services arm, as its revenue smashes through its £50m target. Launched in Belfast in 2011, the alternative legal technology (ALT) service unit now includes more than 350 people around the world, having grown to over £50m from the £40m reported in 2019 and […]
Shearman & Sterling has changed its fiscal year-end to June, The Lawyer can reveal, meaning partners will have to wait longer to receive their distributions as the firm transitions. The US firm had previously tallied up its financials, promoted partners and calculated compensation at the end of the calendar year. However, it has now shifted […]
Eversheds Sutherland and Addleshaw Goddard have announced reduced promotions rounds, with 22 and nine freshly-minted partners respectively. Eversheds has cut back on its partner promotions after two enlarged rounds, with 22 lawyers making the grade. Last year after the firm announced its biggest ever promotions round, promoting 38 partners. In 2019, 27 were made up. […]
RBG Holdings has purchased independent London outfit Memery Crystal in a £30m acquisition. As a result of the transaction, which was announced on the London Stock Exchange on Tuesday morning, the parent group of litigation-focused Rosenblatt Limited confirmed that the two firms will retain their own brands and offices in the deal, while also stating […]
Herbert Smith Freehills (HSF) is broadening the offering of its alternative legal services arm, as its revenue smashes through its £50m target. Launched in Belfast in 2011, the alternative legal technology (ALT) service unit now includes more than 350 people around the world, having grown to over £50m from the £40m reported in 2019 and […]
Shearman & Sterling has changed its fiscal year-end to June, The Lawyer can reveal, meaning partners will have to wait longer to receive their distributions as the firm transitions. The US firm had previously tallied up its financials, promoted partners and calculated compensation at the end of the calendar year. However, it has now shifted […]
Eversheds Sutherland and Addleshaw Goddard have announced reduced promotions rounds, with 22 and nine freshly-minted partners respectively. Eversheds has cut back on its partner promotions after two enlarged rounds, with 22 lawyers making the grade. Last year after the firm announced its biggest ever promotions round, promoting 38 partners. In 2019, 27 were made up. […]
The leading City law firms have grown at more than double the speed of the wider UK legal industry.
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Quinn Emanuel Urquhart & Sullivan has increased its salary for newly-qualified solicitors (NQs) to £180,000. The US disputes specialist’s other associate salaries will also rise when the move takes effect from June. A 1 PQE associate is set to be paid £195,000, while a 2 PQE associate will be on £220,000. For 6 PQE associates, […]
Quinn Emanuel Urquhart & Sullivan has lost its UK head of competition, a year and a half after he joined the firm. Lambros Kilaniotis left the firm in April, having joined Quinn from RPC (where he was head of competition) in January 2023 to co-head Quinn’s UK competition practice with partner Kate Vernon. In a […]
The latest episode of The Lawyer Podcast is out now. Last week, all eyes were on A&O Shearman, a union hailing Big Law and its future. But in this week’s episode, we consider why so many solicitors are pursuing another future: opening their own firm. A survey from Censuswide on behalf of Harbour Litigation Funding […]
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
A senior member of Travers Smith’s corporate group has left for Linklaters, after a string of departures from both firms. Richard Spedding has left the firm for Linklaters after 25 years at Travers, making partner in 2003. Working in M&A and equity capital markets, Spedding was also an associate at Freshfields Bruckhaus Deringer for five […]
