Kirkland & Ellis – UK 100

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Latest Briefings

Implementation of EU anti-tax avoidance directive

The bill of law to implement the provisions of the EU Directive 2016/1164 on anti-tax avoidance (ATAD) in Luxembourg law was made available on 20 June 2018. Subject to parliamentary approval, Luxembourg will introduce controlled foreign corporation (CFC), interest deduction limitation and anti-hybrid rules. It will also modify its existing general anti-abuse rule..

Portugal: Competition and the right to compensation for damages

Act 23/2018, establishing the legal framework on the right to compensation for damages from infringements of competition law, was published on 5 June 2018. This legislative act transposes into Portuguese law the Directive 2014/104/EU of the European Parliament and of the Council, of 26 November 2014, which established common rules to all Member States on […]

Pimlico Plumbers: the self-employed v brand debate

By Paula Rome The widely reported decision in Pimlico Plumbers emphasises the risks of retaining control over staff. However, such control can be key to protecting an organisations’ brand and reputation in the marketplace. Where does this leave us? What does control mean?

What do employers need to know about whistleblowing policies?

By Antonia Blackwell In this instalment of our ‘Breaking Down the Handbook’ series, we look at whistleblowing policies, why they are needed, what they should contain and what traps employers need to avoid. What does whistleblowing mean?

I’m divorced, that’s it, right?

By Miranda Nairn There is a common misconception that once in possession of a decree absolute (the final decree dissolving a marriage), your divorce is done and dusted and you and your ex-spouse can walk off into the sunset, in opposite directions, never to see or hear from each other again. In fact, unless you […]

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B&M’s stringent rules force partner to quit Draxis board

Baker & McKenzie (B&M) partner Stewart Saxe has been forced to resign from his position on the board of Canadian pharmaceutical company Draxis Health after B&M tightened its corporate governance rules. Since long before most lawyers had even heard of messrs Sarbanes and Oxley, the firm has had a rule in place that required its […]

Fladgate Fielder – UK 100

Turnover: £20.3m Profit per equity partner: £393,000 Equity spread: £195,000-£635,000 Net profit: £5.1m Profit margin: 25 per cent Salaried partner remuneration: Fixed-share partner average £150,000, salaried partner average £90,000. Revenue per lawyer: £312,000 Revenue per partner: £615,000 Revenue per equity partner: £1,562,000 Cost per lawyer: £234,000 Profit per lawyer: £78,000 No of partners: 33 No […]

Baker & McKenzie – UK 100

UK/global turnover: £84m/£691m UK/global PEP: £335,000/£363,000 UK/global revenue per lawyer: £339,000/£226,000 UK revenue per partner/equity partner: £1.2m/£1.5m Global revenue per equity partner: £1.1m UK/global number of partners: 55(71)*/611 UK/global number of lawyers: 248/3,053 UK number of staff: 673 UK/global leverage ratio: 1:3.5/1:3.9 UK equity partner to staff ratio: 1:12 Equity structure: Modified lockstep, 70 per […]

Death chambers

The shooting baton that was carried so successfully last week by Freshfields head honcho Hugh Crisp (he of the 212 grouse fame) was picked up this week by David Baylis, head of private equity at Norton Rose. Baylis’s excuse for his no-show at this Wednesday’s (19 January) stellar Hot 100 party is that he’s taking […]

Speechly Bircham – UK 100

Turnover: £25.1m Profit per equity partner: £265,000 Equity spread: £160,000-£290,000 Net profit: £6.4m Profit margin: 25 per cent Salaried partner remuneration: £130,000 average Revenue per lawyer: £239,000 Revenue per partner: £534,000 Revenue per equity partner: £1,046,000 Cost per lawyer: £178,000 Profit per lawyer: £61,000 No of partners: 47 No of equity partners: 24 No of […]

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