Travers Smith PEP smashes through £1m
Travers Smith’s average profit per equity partner (PEP) has hit the £1m mark for the first time.
Law Firm of the Year 2016: Clyde & Co
Over the past decade Clyde & Co has undergone a massive transformation, doubling in size twice. In 2005 the firm’s turnover stood at £125m and it boasted 13 offices. By 2015, revenue at the award-winning firm had soared by 316 per cent to £395m and Clydes operated from 45 offices globally. During the 2014/15 financial […]
Barclays appoints ex-Gibson Dunn partner as divisional GC amid restructure
Barclays has appointed former Gibson Dunn & Crutcher partner Mark Shelton as general counsel of its corporate and international business (C&I).
KWM sees fresh City exits for Covington and Norton Rose
The lawyer exodus at KWM continued on Monday after two more partners announced their departures.
- 23 March: KWM to cut 15% of partners in restructure
- 26 May: KWM in bid to “reset” firm
Travers Smith PEP smashes through £1m
Travers Smith’s average profit per equity partner (PEP) has hit the £1m mark for the first time.
Law Firm of the Year 2016: Clyde & Co
Over the past decade Clyde & Co has undergone a massive transformation, doubling in size twice. In 2005 the firm’s turnover stood at £125m and it boasted 13 offices. By 2015, revenue at the award-winning firm had soared by 316 per cent to £395m and Clydes operated from 45 offices globally. During the 2014/15 financial […]
Barclays appoints ex-Gibson Dunn partner as divisional GC amid restructure
Barclays has appointed former Gibson Dunn & Crutcher partner Mark Shelton as general counsel of its corporate and international business (C&I).
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Former Freshfields partner joins FCA as interim GC
The FCA has rejigged its in-house legal group, with roles going to two former members of Freshfields Bruckhaus Deringer’s disputes team. The institutional body has appointed David Scott as interim GC, replacing incumbent Sean Martin. Scott retired from the firm in October 2020. At Freshfields, where he spent his entire career, Scott specialised in High […]
Vinson & Elkins boosts pay for London NQs
Vinson & Elkins has followed in the footsteps of its US rivals by raising its pay level for British newly qualified (NQ) solicitors. The firm has increased NQ pay from £147,500 to £153,400. Five of the firm’s six qualifiers this autumn will stay on to take advantage of the new rates, which come into effect […]
Dechert wraps redundancy process for City secretaries
Dechert has concluded a review of its secretarial function in London, with nine individuals taking voluntary redundancies. The nine people who took the opportunity included six part-time individuals and three full-time ones. They received an enhanced package and outplacement support upon leaving the firm. Meanwhile, the firm’s City office has restructured the secretarial function. The […]
Pinsents ups NQ salaries across UK offices
Pinsent Masons is the latest firm to increase its NQ salaries as the rest of the legal market starts to play catch-up with recent hikes at the top end. For those based in the firm’s London office, associates will now be paid a salary of £75,000, which is an increase of £2,500 on last year. […]
Hogan Lovells ushers in new remote working policy
Hogan Lovells expects the majority of staff to spend at least 60 per cent of the working week in the office once its employees return in mid-September. With staff set to spend just under half of the week working remotely, the firm said this will serve as a response to certain staff’s wishes for a […]
Bakers issues etiquette for hybrid meetings
Baker McKenzie has sent out a guide for hybrid meeting etiquette as part of its new agile working policy. For when it returns to the office later in the summer, the firm has introduced a “2+2+1” approach to remote working – BAgile – meaning people can work two days in the office, two from home, […]
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