The market’s been buzzing all day about the latest massive salary hike by a US firm. As we reveal today, Weil Gotshal & Manges has raised its newly qualified salary to £90,000 – within shouting reach of London’s other big payers Latham & Watkins (£96,000) and Cleary Gottlieb Steen & Hamilton (£92,000). The market’s been […]
UK firms could be winning the battle for talent, as exclusive research by The Lawyer reveals that only 7 per cent of associates found US firms to be the most attractive employers. Only 6 per cent of the 2,886 lawyers polled found US firms appealing as employers. Global UK firms were the most popular, winning […]
Weil Gotshal & Manges’ London associates now earn more than their counterparts in New York after a 20 per cent pay hike in London. The US-headquartered firm is now offering some of the most generous pay packets in the City with newly qualifieds (NQs) now receiving £90,000, representing a 20 per cent jump from £75,000. […]
Former Littleton Chambers head Michel Kallipetis QC and chief executive David Douglas have reunited to launch a mediation outfit known as Independent Mediators. The duo has teamed up with mediators Bill Marsh, a former director at the Centre for Effective Dispute Resolution, and Nicholas Pryor, a former head of legal in the insurance market, to […]
The German offices of Freshfields Bruckhaus Deringer and Cleary Gottlieb Steen & Hamilton have scooped lead roles on the federal state of Berlin’s €4.6bn (£3.1bn) sale of an 81 per cent stake in Landesbank to Deutsche Sparkassen-und Giroverband öK. Freshfields advised the state of Berlin, a longstanding client, led by the firm’s Frankfurt-based co-head of […]
Baker & McKenzie has made up five partners in its London office, bringing the total number in London to 84. They will assume their roles on 1 July. The corporate practice gains two partners in the round of promotions in the form of Edward Bibko and Karen Guch. In the finance practice Rebecca Ford has […]
The Milan office of Allen & Overy (A&O) has lost yet another associate, this time to Bonelli Erede Pappalardo. Corporate/M&A associate Elena Busson has left the magic circle firm after four years to join Slaughter and May‘s Italian best friend, where she will become a senior associate. Busson is the latest in a series of […]
Olswang has acted for longstanding client New Star Asset Management on its return of £364m to shareholders and admission to the London Stock Exchange’s official list. Corporate partner Simon Morgan led the Olswang team along with banking partner Moni Mannings, employee share schemes partner Michael Deeks and a number of associates. Olswang has acted for […]
Allen & Overy (A&O) has opened its second Middle Eastern office in a month, raiding Simmons & Simmons to launch an office in Abu Dhabi. A&O has lured Simmons’ Abu Dhabi managing partner, Ibrahim Mubaydeen, who has expertise in project finance and particularly in infrastructure and energy. He brings with him François Duquette, who is […]
Fladgate Fielder has scored a win for Crystal Palace FC against former manager Iain Dowie. Mr Justice Tugendhat ruled that Dowie tricked the club into releasing him from his contract, allowing him to join London rivals Charlton Athletic FC Dowie claimed that he had not been in contact with Charlton Athletic, but the court found […]
Lovells has boosted its dispute resolution team in Germany with the hire of a team from German independent Aderhold von Dalwigk Knüppel. Partner Jürgen Witte, counsel Kim Mehrbrey and at least one associate will join Lovells’ Düsseldorf office, boosting the practice to more than 40 lawyers in Germany. Witte said he joined Lovells for a […]
Taylor Wessing is the latest firm to release financials for the 2006-07 period, posting an increase in total revenue of 13 per cent. See story. The firm’s average profit per equity partner (PEP) also moved upwards, breaking the £400,000 barrier for the first time. While this figure is clearly small fry when compared against the […]