26 May 2008

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Camerons salary rises keep pace with magic circle

CMS Cameron McKenna has raised its trainee and newly-qualified (NQ) salaries by an average of three per cent as it bids to keep pace with the magic circle. First year trainee solicitors will now receive £37,500, an increase of 2.7 per cent on last year’s £36,000. Second year trainee salaries rose by 3.8 per cent […]

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Revealed: legal staff the UK’s happiest workers

Legal employees are the happiest workers in the UK, according to a new survey of office professionals. Eighty-eight per cent of legal staff rated their happiness in the workplace as three out of five or above – some 10 per cent higher than the average employee in the nation as a whole. This makes the […]

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McGrigors set for City office redundancies

Scottish-headquartered firm McGrigors is cutting a number of jobs in its London office with fee earners and secretaries in the real estate and banking practices likely to be affected. Managing partner Richard Masters said a consultation process began yesterday (29 May) that is likely to result in four real estate fee earners, none of whom […]

Berwin Leighton Paisner: could do better

After its stellar performance in recent years we expected more from Berwin Leighton Paisner (BLP). While its turnover rise of 10.1 per cent rise in turnover is hardly disastrous, it represents a massive slowdown on the previous two years, when turnover grew by 16 per cent and 19 per cent. Top of the PEPs Revenue […]

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There’s more than one way to make sure your lawyers work harder.

Bird & Bird turnover up nearly a quarter

Bird & Bird has emerged as one of the fastest growing technology and media outfits in the top 100 UK firms, outstripping its peers with a 24 per cent increase in turnover to reach £143m. The firm added more than £27m onto last year’s haul of £115.6m, posting its highest revenue growth in three years. […]

Taylor Wessing posts 11 per cent revenue rise

Taylor Wessing has posted a double-digit increase in turnover, boosting global revenue by 11 per cent to hit a total of £180m. Taylor Wessing’s UK branch grew at a similar rate, posting a similar turnover increase of 11 per cent to reach £97.5m. This figure marks and increase of £7m from last year’s haul of […]

Akin Gump in Specialist Fund Market’s first IPO

The London office of US firm Akin Gump Strauss Hauer & Feld has advised the first vehicle to list on the Specialist Fund Market, the London Stock Exchange’s public capital market for alternative investment vehicles. Akin Gump landed an instruction from alternative investment company Da Vinci Capital Management, with investment funds partner Simon Thomas and […]

Clifford Chance turnover up 11 per cent

Clifford Chance turnover up 11 per cent” />Clifford Chance is the first magic circle firm to announce its financial figures for the 2007-08 year, posting an 11 per cent revenue increase and 13 per cent rise in profit per equity partner (PEP). Over the course of the year the firm turned over £1.33bn, up from […]

Links to take CC’s crown?

Clifford Chance is the first of the magic circlers to announce its financial results for the past year and, while it’s posted reasonably robust figures, it looks like Linklaters could be in with a chance of surpassing it as the UK’s number one firm. Top of the PEPs Revenue PEP Table Clifford Chance is the […]

Addleshaw Goddard turnover up 11 per cent

Addleshaw Goddard has reported an increase in turnover for 2007-08 of 11 per cent, hitting £195.4m after last year’s figure of £176.7m (The Lawyer, 8 May 2007) The biggest earner across the firm’s four divisions is the contentious and commercial group, which brought in £57.9m. This was closely followed by its real estate group, which […]

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