UK firms are flashing the cash
UK law firms are starting to pay back employees’ salaries as the economy recovers.
PCP Capital’s High Court claim fails against Barclays
The High Court has rejected PCP Capital’s claim against Barclays in a highly-anticipated judgment from Mr Justice Waksman, which ruled that Quinn Emanuel Urquhart & Sullivan’s client is not entitled to the damages it sought. In a mammoth ruling handed down today, Waksman J concluded that PCP’s claim should be dismissed despite finding that Barclays […]
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Trainee and newly qualified solicitor salaries
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last update: 3 November 2023 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to offer NQs £100,000 in London back in […]
PwC appoints new UK head of legal
PwC legal head Ed Stacey is to stand down from his role, handing over the reins to partner Teresa Owusu-Adjei. As UK head of legal, Owusu-Adjei will lead 400 lawyers and other legal professionals. She has been with the accountancy firm since 1995, and a financial services partner since 2008 Stacey was appointed head of […]
In court this week: Rescue deals, TV and Azima
UK firms are flashing the cash
UK law firms are starting to pay back employees’ salaries as the economy recovers.
PCP Capital’s High Court claim fails against Barclays
The High Court has rejected PCP Capital’s claim against Barclays in a highly-anticipated judgment from Mr Justice Waksman, which ruled that Quinn Emanuel Urquhart & Sullivan’s client is not entitled to the damages it sought. In a mammoth ruling handed down today, Waksman J concluded that PCP’s claim should be dismissed despite finding that Barclays […]
1
Trainee and newly qualified solicitor salaries
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last update: 3 November 2023 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to offer NQs £100,000 in London back in […]
PwC appoints new UK head of legal
PwC legal head Ed Stacey is to stand down from his role, handing over the reins to partner Teresa Owusu-Adjei. As UK head of legal, Owusu-Adjei will lead 400 lawyers and other legal professionals. She has been with the accountancy firm since 1995, and a financial services partner since 2008 Stacey was appointed head of […]
What are billable hours and what do students need to know about them?
The billable hour system is when a lawyer records how they spend every minute of their working day to calculate how they bill the client. It used to be the most common method of charging a client for the work of a lawyer. Different bands of lawyers at different firms cost different amounts and clients […]
Who’s in and who’s out at Barclays
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, […]
The platform firm has moved mainstream
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 […]
Don’t wait for the climate crisis to come to you
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 […]
Welcome to your TikTok legal career
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 […]
Slaughters and Linklaters can breathe a huge sigh of relief
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 […]
Addleshaws, Eversheds and Simmons unveil partner promotions
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 defends Grindr in new High Court class action
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 […]
Euro 100 firm left reeling after rival’s six-partner raid
Norway’s Sands has suffered one of the largest mass defections in its history after six partners left to join Big Five firm Wiersholm in Trondheim. The hires bolster Wiersholm in a range of the firm’s key sectors, including marine law, renewables, technology, real estate and tax. The firm has committed to further growth over the […]
Bakers lawyers told to enjoy ‘spontaneous collisions’ in new hot-desk scheme
Staff at Baker McKenzie are being encouraged to sit next to co-workers outside their teams, in a bid to stop people from flocking to familiar faces on office days. Bakers’ seating scheme at its new London headquarters 280 Bishopsgate is intended to encourage workers to meet people with whom they would not normally interact. While […]
The Passport: Technological change is driving mergers across the Continent
Welcome to The Passport, your regular round-up of all the most important stories to come from the European legal market. In this edition, CMS Wistrand recently went live and its drivers were myriad, but one in particular stood out for us; Poland is dangerously underlawyered in one very particular area; and Pinsents has embarked on […]
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