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RPC scraps associate bonuses after ditching performance reviews
RPC has overhauled its pay structure for associates by axing bonuses in favour of higher basic salaries.
Carey Olsen partner recognised as future leader
Newly-promoted Carey Olsen partner Alexa Saunders has been named as a future leader in the 2016 Citywealth Future Leaders 100 list. The list features professionals in the private wealth sector who are under 40 and is drawn from the fields of accountancy, trust, private banking, family office and law across the UK and Europe. The rising […]
China Elite: The firm that tripled its revenue in two years
Beijing-headquartered Han Kun has emerged as the fastest growing firm in this year’s China Elite report after it tripled its annual turnover between 2013 and 2015. Han Kun also more than doubled its revenue per lawyer (RPL) over the same period. The Lawyer’s third annual China Elite report has collated three years of data to illustrate how fast […]
Slater & Gordon to sue Watchstone over Quindell accounts errors
Slater & Gordon is suing Watchstone Group for £50m over its acquisition of Quindell’s professional services arm.
Arbitrators’ liability in Austria
Romanian companies will be able to distribute dividends on a quarterly basis
The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]
Poland: Recent competition developments in merger control field
Merger control is one of the Polish Office for Competition and Consumer Protection’s (OCCP’s) main areas of activity, as it deals with 170 to 220 filings annually. Recent notable developments in this regard include: a case concerning the Nord Stream 2 project; and the unconditional approval of Cyfrowy Polsat’s takeover of Netia…
Bulgaria: Boost to creditors’ rights on pledged receivables
“Banks may now agree to collect pledged receivables prior to accelerating the secured debt under floating charges like security interests.” – Tsvetan Krumov The most popular Bulgarian security interests under credit transactions are special pledges, resembling English floating charges. Problems under the statutory framework until recently…
Efficient arbitration – Part 1: Metrics
This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. The series explores various tools that serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration actually means…
Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive
The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…
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RPC scraps associate bonuses after ditching performance reviews
RPC has overhauled its pay structure for associates by axing bonuses in favour of higher basic salaries.
Carey Olsen partner recognised as future leader
Newly-promoted Carey Olsen partner Alexa Saunders has been named as a future leader in the 2016 Citywealth Future Leaders 100 list. The list features professionals in the private wealth sector who are under 40 and is drawn from the fields of accountancy, trust, private banking, family office and law across the UK and Europe. The rising […]
China Elite: The firm that tripled its revenue in two years
Beijing-headquartered Han Kun has emerged as the fastest growing firm in this year’s China Elite report after it tripled its annual turnover between 2013 and 2015. Han Kun also more than doubled its revenue per lawyer (RPL) over the same period. The Lawyer’s third annual China Elite report has collated three years of data to illustrate how fast […]
Slater & Gordon to sue Watchstone over Quindell accounts errors
Slater & Gordon is suing Watchstone Group for £50m over its acquisition of Quindell’s professional services arm.
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The Lawyer Salary Survey 2016 PDF
How much are you paid? Are you happy with your salary? Are your skills adequately recognised and rewarded? Who are the happiest lawyers when it comes to remuneration? How big a pay rise – or drop – could you expect to get if you moved elsewhere? All these questions and more are answered in The […]
US salary wars: Pay hikes for Akin Gump’s London lawyers, but not White & Case’s
Akin Gump Strauss Hauer & Feld has become the latest US firm to increase its salaries for associates worldwide, while White & Case has decided against moving its UK lawyers over to the new Cravath pay scale. Akin Gump confirmed it will now pay its associates globally on a scale beginning at $190,000, rising to […]
Simmons financials rebound in second consecutive year of PEP growth
Simmons & Simmons’ average profit per equity partner (PEP) rose 8 per cent to £686,000 over 2017/18, just two years after the firm reported a 10 per cent slump in its profits. In its 2017/2018 financials, Simmons’ turnover grew 12 per cent from £316.1m to £354m, following on from a more modest 7 per cent rise in […]
2017/18 financials: The latest law firm results
UK-headquartered firms have been piling in to release their 2017/18 financial results. Which firms have reported so far?
Trio of firms lead as Allianz pushes into student accommodation market
Herbert Smith Freehills (HSF) has advised Allianz Real Estate on its largest equity investment into the UK, agreeing a £350m deal with Greystar and the Public Sector Pension Investment Board (PSP Investments). The deal sees German investor Allianz Real Estate acquire a 40 per cent stake in UK student accommodation platform Chapter from Greystar and PSP. HSF […]
Akin Gump confirms London’s central role with new committee appointment
Akin Gump Strauss Hauer & Feld has underlined its commitment to London as one of its key offices worldwide with the appointment of office head Sebastian Rice as chair of the firm’s global partnership admissions committee. M&A partner Rice has been a member of the committee, which is responsible for laterals and promotions, since 2014, […]
Gianni Origoni joins rivals in Shanghai
Italian heavyweight Gianni Origoni Grippo Cappelli & Partners is launching an office in Shanghai in its first international expansion for four years. The Shanghai office is Gianni Origoni’s eleventh office globally, and its second in Asia. It launched in Hong Kong in 2014 and signed a formal alliance agreement with Chinese firm Han Kun Law […]