Clyde & Co’s highest paid partner took home £1.8m last year, up 36 per cent on the £1.3m paid out in 2014, the firm’s LLP accounts revealed. The increase follows a 21 per cent jump in profit from £92.4m to £112.4m and turnover growth of 8 per cent to £396.8m last year. Charitable donations were […]
Simmons & Simmons has become the latest law firm to close its Abu Dhabi office following a “detailed review” of its work in the region. The firm will continue to work for its clients from a “consolidated and enhanced offering in Dubai”, its largest office in the UAE, read a statement. The statement continued: “Ultimately, the […]
Hogan Lovells’ international arm saw its net profit fall by nearly 10 per cent to £175.4m in 2014/15, while the firm’s revenue dipped below £600m, LLP accounts for its offices outside the Americas revealed. The total profit available for equity partners also fell 10 per cent from £163.3m to £146.9m, while profit per equity partner […]
The Government has bowed to the threat of litigation by criminal solicitors and suspended the introduction of changes to the legal aid system. The Government had been facing a dual challenge to legal aid procurement in the form of a judicial review and related claims by around 100 firms. The case was recently listed as […]
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Kennedys will be able to practice US law for the first time after making two hires to its Miami office. The firm has hired Gray Robinson partner Neil Bayer and Zurich head of technical claim excellence Dan Sanders. Kennedys’ Miami hub has until now focused on supporting Latin American, Caribbean and London market insurers and reinsurers. The […]
Freshfields Bruckhaus Deringer’s highest-paid partner received £3.2m last year, up 68 per cent from £1.9m in 2013/14, LLP accounts revealed. In a note to the accounts the firm said that the amount included profit and remuneration and payments in relation to the partner’s retirement from the firm. At the same time the firm’s salary costs […]
Pinsent Masons has hired a three-partner team from KPMG to launch its second German office in Düsseldorf in February. The hires include KPMG’s energy and major projects head Thorsten Volz who will lead Pinsents’ German energy practice. He will become head of the firm’s Düsseldorf office. The other two partners are Torsten Wielsch and Sönke Gödeke, who led KPMG’s […]
Slater & Gordon could make 51 fee-earners and staff redundant following a consultation over the closure of its Derby office and former Fentons base in Failsworth, Manchester. A total of 37 staff in Failsworth and 14 in Derby are affected by the consultation. The news follows profit warnings for the Australian-listed firm, which said in December […]
News UK has appointed Kingsley Napley partner Angus McBride as its new general counsel, replacing current legal head Emma Moloney who is leaving this month.
Linklaters could be forced to take another look at its global lockstep structure following Latham & Watkins poaching private equity star Rainer Traugott in Germany, sources have revealed.