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Rosenblatt parent company snaps up Memery Crystal in £30m deal

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 […]

HSF

HSF expands alternative services arm as revenue hits £50m

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 […]

counting money

Shearman partners face six-month delay in distributions amid structural changes

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 […]

ladder

Eversheds and Addleshaws unveil slimmed-down partner promos

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. […]

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