Online January 2016

money

Clydes’ highest paid partner remuneration up 36% to £1.8m

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 […]

abu dhabi

Abu Dhabi exodus: Simmons is latest firm to close

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

Hogan Lovells PEP falls to below £700k as profit drops 10%

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 […]

1

Legal aid procurement challenge over after Government climbdown

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 […]

Miami

Kennedys hires US-qualified lawyers in Miami

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 […]

lending money

Freshfields’ profits to highest-paid partner jumps to £3.2m as salaries drop

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 […]

Düsseldorf

Pinsents raids KPMG to open second German office

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 advertisement

Slater & Gordon puts 51 jobs and two offices in firing line

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 […]

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