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With the Brexit deal finally signed, global firms have picked up pace in rejigging their European structures.
Under former CEO Peter Martyr the aim of the game was growth; cost-cutting is now order of the day at NRF. But there is cause for optimism.
Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]
With the Brexit deal finally signed, global firms have picked up pace in rejigging their European structures.
Under former CEO Peter Martyr the aim of the game was growth; cost-cutting is now order of the day at NRF. But there is cause for optimism.
Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]
Reed Smith has hired a new finance partner from Sidley Austin, with the latter witnessing a spate of exits from its London outpost over the last few months. The US firm has taken on partner Jason Richardson, who will join its financial industries group. Richardson has spent most of his career at Sidley, which he has […]
The Crossrail service has paid thousands in legal fees to a few select firms
Four US City firms have topped $10m in revenue per partner
Rising professional indemnity rates threaten to destabilise the market
One firm has set the precedent for a controversial WFH policy
Revenue per lawyer has jumped by 44 per cent in three years at Paul Weiss
All change for partners in the quartet right now
Clifford Chance has increased its base pay for newly-qualified lawyers by 16 per cent. The pay increase to £125,000 will see Clifford Chance competing with the levels set by magic circle firm Freshfields Bruckhaus Deringer, which bumped up NQ salaries to the same level last month. In June last year, Clifford Chance upped its NQ […]
Latham & Watkins is on a mission to increase the percentage of revenue generated by its London litigation team, bringing it more in line with global figures. The Lawyer understands that across Latham, the litigation department accounts for 30 per cent of global turnover. Over 2021, Latham’s revenue soared 27 per cent to nearly $5.5bn, meaning […]
Ashurst is the firm that has won the mandate on advising communications company Next Fifteen on sealing a £310m takeover of M&C Saatchi. At the start of this year, The Lawyer reported that CMS won the mandate to advise M&C Saatchi with a team led by corporate partner Simon Morgan. This came after it had […]
Allen & Overy is on the lookout for space in Dublin, as it seeks regulatory approval to practise from the Republic of Ireland capital. The Lawyer understands the purpose of the outpost is to accommodate the firm’s latest litigation addition David Herlihy, who joined the magic circle firm last month after more than 20 years […]
CMS has decided to introduce beehives across its UK and international offices as part of the firm’s new sustainability programme. The news comes five years after The Lawyer reported that Olswang’s 80,000 bees were looking for a new home ahead of its merger with CMS. CMS’s new initiative to bring in beehives coincides with World Bee […]
Latham & Watkins has dethroned Kirkland & Ellis as London’s largest US firm by revenue after overtaking its closest rival over 2021. Latham’s broad City practice, powered by consistent investment over recent years, sees it reclaim the number one spot in The Lawyer’s exclusive ranking of US firms in the UK by revenue it last […]
