Keating Chambers – UK 100

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Mills & Reeve – UK 100

Turnover: £36.1m Profit per equity partner: £224,000 Equity spread: £176,000-£316,000 Net profit: £12.8m Profit margin: 35 per cent Salaried partner remuneration: None Revenue per lawyer: £171,000 Revenue per partner: £531,000 Revenue per equity partner: £820,000 Cost per lawyer: £110,000 Profit per lawyer: £61,000 No of partners: 68 No of equity partners: 44 No of female […]

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Turnover: £16.6m Profit per equity partner: £250,000 Equity spread: £190,000-£270,000 Net profit: £4.5m Profit margin: 27 per cent Salaried partner remuneration: £90,000-£120,000 Revenue per lawyer: £255,000 Revenue per partner: £474,000 Revenue per equity partner: £922,000 Cost per lawyer: £186,000 Profit per lawyer: £69,000 No of partners: 35 No of equity partners: 18 No of female […]

SLG suffers in-fighting over training

Solicitors in Local Government (SLG), the professional body representing the 4,000 local government lawyers in England and Wales, has become embroiled in a spat over the future of its training unit. Protracted negotiations over the future of the unit broke down last year when its manager Peter Godper broke away from SLG to launch his […]

Clarke Willmott – UK 100

Turnover: £26.7m Profit per equity partner: £172,000 Equity spread: £110,000-£179,000 Net profit: £5.6m Profit margin: 21 per cent Salaried partner remuneration: £65,000-£70,000 Revenue per lawyer: £175,000 Revenue per partner: £534,000 Revenue per equity partner: £1,068,000 Cost per lawyer: £138,000 Profit per lawyer: £36,000 No of partners: 50 No of equity partners: 25 No of female […]

White & Case – UK 100

UK/global turnover: £51.9m/£495m UK/global PEP: £535,000/£616,000 UK/global revenue per lawyer: £300,000/£319,000 UK revenue per partner/equity partner: £1.3m/£1.7m Global revenue per equity partner: £2m UK/global number of partners: 31(41)/238 UK/global number of lawyers: 173/1,552 UK number of staff: 151 UK/global leverage ratio: 1:4.5/1:5.5 UK equity partner to staff ratio: 1:4.8 Equity structure: Modified lockstep. Billable hours […]

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