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Merging with small firms is like shooting fish in a barrel
More and more Independent firms are actively looking a merger or acquisition
London is where global firms should invest in disputes
Activity levels in the High Court returned to normal levels in 2021 and that’s a positive sign for litigators’ resilience
Innovation is a slow-burn return for Clifford Chance
Innovation projects need long-term investment to avoid becoming vanity projects
Macfarlanes and Wachtell have a friendship to watch
US connections with Macfarlanes and other UK firms prove to be crucial in dealmaking
Sidley’s PE restock hits a roadblock
The arrival of a three-strong PE team from Vinson & Elkins comes at a moment of readjustment for Sidley’s London office.
Radcliffes couldn’t modernise, so it merged instead
The tie-up between Weightmans and RadcliffesLeBrasseur shows what consolidation will look like in 2022
Tesco Bank’s legal chief prepares to stand down
Tesco Bank has promoted from within, ahead of the departure of its legal director and company secretary. Michael Mustard is set to leave his role in February this year, with Fiona Burden, the bank’s current head of legal, taking the helm. Mustard has spent more than seven years in the business after joining in 2014. […]
First super-exam results: Half of students pass but huge diversity gap emerges
The first pass rates of the Solicitors Qualification Exam (SQE) have been revealed. The students who sat the first-ever SQE1 exam in November received their results yesterday, with just over half – 53 per cent – receiving the good news that they had passed. Some 1,090 candidates, including 27 solicitor apprentices, took the exam across […]
Eleven firms secure places on NHS roster
NHS Resolution, which helps to resolve disputes for the UK Government organisation, has cut the number of firms on its roster from to 13 to 11. Alongside the reduction in firm numbers, the value of the panel has also been cut from £523m to just under £200m. Three lots had previously been announced in 2017, […]
BCLP ups charge-out rates to match peers
Bryan Cave Leighton Paisner has raised its charge-out rates to clients, The Lawyer can reveal, following a benchmarking exercise against the market. The merged firm has increased the rates by up to 10 per cent, a decision communicated at the end of last by its departmental heads to the rest of the partnership. While the […]
Clydes increases NQ pay by 14 per cent
Clyde & Co has increased its NQ salaries in London by 14 per cent, while the firm’s lawyers will also be able to pick up higher bonuses than last year. City NQ pay has risen from £70,000 to £80,000 after a mid-year review. While the firm has not reached the £100,000 figure offered by many […]
Freshfields publishes spring retention
Freshfields has published its trainee retention result for spring 2022. The firm offered newly qualified (NQ) positions to all of its 37 final-seat trainees, with 34 accepting, a 92 per cent retention rate. The firm did not disclose, however, how many were on fixed-term contracts. Training partner Craig Montgomery said: “We are very pleased that many […]
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