Shoosmiths and Bryan Cave Leighton Paisner are acting on the rescue of Monsoon Accessorize, which has been saved by a buyout deal. The fashion brand collapsed into administration last night (9 June). Almost immediately, founder Peter Simon bought the business out of administration as part of a pre-pack deal, leaving him in control of a […]
Macfarlanes’ chief knowledge and innovation officer Chris Tart-Roberts speaks to The Lawyer about the legal profession of tomorrow, as part of the Business Leadership Series. Who do you envision being the next big revenue generators in law firms after lawyers? We’re already seeing diversification within firms in terms of the range of professionals who contribute to […]
NQ salaries at Reed Smith have been decreased to closer to last year’s levels, in what is the latest in a spate of measures enacted by the firm since the start of the pandemic. The firm had dished out considerable uplifts only last January, upping compensation of its newly-qualified associates from £77,000 to £90,000. But […]
How many students enrolled on the Legal Practice Course (LPC) last year? Go on, have a guess. Googling will do you no good, for this particular number is nowhere to be found on the internet. Until a decade ago, LPC stats were fairly easy to come by – making it easier to see the post-2008 […]
Shoosmiths and Bryan Cave Leighton Paisner are acting on the rescue of Monsoon Accessorize, which has been saved by a buyout deal. The fashion brand collapsed into administration last night (9 June). Almost immediately, founder Peter Simon bought the business out of administration as part of a pre-pack deal, leaving him in control of a […]
Macfarlanes’ chief knowledge and innovation officer Chris Tart-Roberts speaks to The Lawyer about the legal profession of tomorrow, as part of the Business Leadership Series. Who do you envision being the next big revenue generators in law firms after lawyers? We’re already seeing diversification within firms in terms of the range of professionals who contribute to […]
NQ salaries at Reed Smith have been decreased to closer to last year’s levels, in what is the latest in a spate of measures enacted by the firm since the start of the pandemic. The firm had dished out considerable uplifts only last January, upping compensation of its newly-qualified associates from £77,000 to £90,000. But […]
How many students enrolled on the Legal Practice Course (LPC) last year? Go on, have a guess. Googling will do you no good, for this particular number is nowhere to be found on the internet. Until a decade ago, LPC stats were fairly easy to come by – making it easier to see the post-2008 […]
Latham & Watkins has hired a new restructuring partner from Willkie Farr & Gallagher to boost its Paris office. The US firm has reined in partner Alexandra Bigot, who has spent almost her entire career in the French office of the rival firm. There, she specialised on restructuring matters on behalf of debtors, hedge funds […]
Barclays’ legal team was once among the most influential in the UK. That power has diminished over the last decade, yet the banking giant still packs a punch when it comes to talent management. Some 40 lawyers are understood to have left Barclays in the UK last year. There are cost-cutting measures at play here, […]
Keystone Law, the poster child for the platform firm, is likely to break the psychologically important £100m revenue barrier in 2025. The success of this firm has spawned a new market, which is challenging traditional firms on the talent front. More than 3,500 lawyers now work across a variety of fee-sharing outfits, research from Atlas […]
Gibson Dunn & Crutcher, Gowling WLG and Norton Rose Fulbright’s London offices will all be under water in a few decades. This trio shares idyllic views overlooking the Thames, but they will all be submerged in the river by the year 2100 as climate change-induced sea level rises occur. And this is based on the […]
Talent churn is accelerating among the junior ranks with today’s associates more mobile than the generations before them. The concept of long-term professional loyalty is fading as Gen Z rises. These lawyers ask not what they can do for you, but what your firm can do for them. This generational shift in working attitudes is […]
Hooray, big-ticket M&A is having a mini-revival and so are the firms that make so much of their money out of it. Already in 2024, major European M&A deals to have been announced include International Paper’s £5.8bn planned acquisition of London-listed packaging company DS Smith, which trumped another offer from rival Mondi. Other significant matters […]
In its largest promotions round ever, Ashurst has elevated eight London lawyers to partner out of 30 worldwide. The firm has made up eight lawyers in London, as well as seven in Sydney. In total, 17 promotions were made in Ashurst’s Australian offices, meaning just five were made outside of either London or Australia. Loans […]
Frustrated Solicitors Qualifying Examination (SQE) candidates are calling on the SRA to increase accessibility to the appeals process after a results error saw 175 candidates mistakenly told they had failed their exams. On Monday last week, the SRA announced that 175 candidates who sat SQE1 in January and were told they had failed on 14 […]
The administrators of collapsed firm Axiom Ince have filed a creditors’ bankruptcy petition against its former boss. Filed at the end of last week, the petition will seek to force Pragnesh Modhwadia’s bankruptcy, The Lawyer understands, applying to the court for his assets to be taken and sold to pay debts to the administrators. Pinsent Masons […]
Partnership promotions are continuing apace, with three City firms announcing a fresh new set of partners for 2024. Addleshaw Goddard has bumped up 26 lawyers this promotions round, which is the largest number of lawyers to make partner in one go in the firm’s history. The international firm’s partner count now stands at 429. Nine […]
Cooley is set to defend LGBTQ+ social networking and dating app Grindr in a High Court class action launched by Austen Hays, a new collective actions firm owned by Gateley. The claim alleges that Grindr is in breach of UK data protection laws for sharing sensitive data with third parties for commercial purposes without their […]
