The cash boom that many firms enjoyed during the Covid-19 pandemic has been replaced with a surge in borrowing as costs rise and firms ready themselves for equity partner tax reforms. Early analysis of 2023/24 reveals that at least 20 per cent of the UK200 firms (43 of 200) increased their borrowings last year, while […]
The CEO of Danish big five firm Bech-Bruun is set to leave the firm later this year, marking the latest in a number of exits the firm has seen in 2024. Christian Ejvin Andersen formally resigned from the firm this month and will see out a six-month notice period. He joined Bech-Bruun in 2014 from […]
A Clifford Chance partner is one of those feared missing after a British yacht sank off the coast of Sicily. Clifford Chance partner Chris Morvillo is among the passengers missing along with former DWF chairman Jonathan Bloomer. The superyacht Bayesian was hit by a powerful storm in the early hours of the morning of Monday […]
US giant Simpson Thacher & Bartlett has been referred to the Solicitors Disciplinary Tribunal (SDT) by the Solicitors Regulation Authority (SRA) over allegations relating to failures with anti-money laundering regulations. The SRA alleges that Simpson Thacher failed to have in place a compliant “Firm Wide Risk Assessment” (FWRA) between 2017 and 2023, and between 2017 […]
Paul Weiss Rifkind Wharton & Garrison is acting for General Atlantic on its bid to acquire 100 per cent of French software company Esker. The Paul Weiss team is led by partners William Aitken-Davies and Dan Schuster-Woldan and associate Richard Bach. They were supported by French firm Bredin Prat. Aitken-Davies and Schuster-Woldan are recent joiners […]
Paul Weiss Rifkind Wharton & Garrison has unveiled a number of perks for aspiring solicitors in its inaugural internship programme, including half of their pay upfront and money for work attire. Paul Weiss has launched its bi-annual two-week work experience scheme, which will be based in its Soho office commencing next year. A total of […]
In a blow to Noughties trophy office design, Slaughter and May is to remove its iconic water feature from its London HQ reception. The Lawyer first reported last year that the fate of Slaughters’ water feature hung in the balance amid refurbishment works set to take place across the building. This followed its decision to […]
Last week, A&O Shearman set out post-merger plans to close its legacy Allen & Overy base in Johannesburg, reduce its partnership by 10 per cent by the end of the financial year, and sell its consultancy business Consulting by A&O Shearman. So, is this a sign of things already going wrong, or is this all […]
As Hogan Lovells prepares to close three of its global offices, figures obtained by The Lawyer show that profits generated by the affected Warsaw base halved in 2023. Earlier this month, the firm announced it would close offices in Johannesburg, Sydney and Warsaw. The firm’s Warsaw office is the larger of the three, home to […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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Newly-qualified (NQ) lawyers have seen salary levels soar over the last decade. In 2014, a fresh-faced Clifford Chance lawyer could earn £67,500; that figure reached £150,000 this summer. It is US firms that have inflated the pot with constant base raises that align London and New York operations. But the ripples spread outwards. When Quinn […]
Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
Media, technology and IP firm Wiggin has poached a six-strong sports team from Walker Morris. Led by partner David Hinchliffe, the team works primarily on football matters, having acted for clients including Crystal Palace and Leeds United across contentious and non-contentious mandates. Hinchliffe, who joined Walker Morris 28 years ago, was head of sport at […]
Slaughter and May and Travers Smith are leading on Legal & General’s sale of its UK housebuilder, Cala Homes. Slaughters is leading for longstanding client L&G as it sells Cala to to Ferguson Bidco, a joint venture between Sixth Street Partners and Patron Capital. Slaughters corporate partner Victoria MacDuff is at the helm of the […]
Cahill Gordon & Reindel has added a new partner to its ranks in London, following a number of exits from its finance practice over the year. Cahill has hired Andrew Kelly as a partner, a former Clifford Chance member. He joins its banking and capital markets practice, working on high yield matters, acquisition financings, recapitalisations […]
Greenberg Traurig is leading for Harland & Wolff, the company famous for building the Titanic, as it looks set to appoint administrators. Harland & Wolff posted a notice of intention to appoint an administrator yesterday. Greenberg’s team is led by corporate partner Shashank Krishna, co-vice chair of the restructuring group John Houghton and corporate partner […]
In a bid to expand its intellectual property practice, Addleshaw Goddard is adding five lawyers to its ranks from a specialist City firm. Stobbs’ head of litigation Geoff Steward is joining Addleshaws, along with four lawyers. Steward has worked at Stobbs for nearly six years, and played a key role in developing the firm’s IP […]