Partners at Gowling WLG may not receive their share of partner distributions to keep the firm steady during the coronavirus pandemic. Partner distributions for Gowling’s UK LLP have been deferred and it has made no commitment to pay them. In order to safeguard the firm during the crisis, the firm is also keeping drawings under […]
UK partners at Osborne Clarke are to defer 75 per cent of their quarterly profit distributions, with the firm also furloughing staff across its offices. The Lawyer understands that the firm has furloughed more than 100 staff members, though the firm did not comment on specifics. It is understood that the roles affected are all largely […]
Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Four silks from separate chambers have strayed from usual custom to come together in a bid to create a detailed and publicly available analysis of the UK Government’s furloughing scheme. The collaborating authors include Littleton Chambers’ David Reade QC, Old Square’s Michael Ford QC, 11KBW’s Sean Jones QC and Caspar Glyn QC of Cloisters, all […]
The Lawyer’s 2019 Litigation Tracker reflected on a year that saw political turmoil, a case which could open the gate to more class actions and public law dominating
Partners at Gowling WLG may not receive their share of partner distributions to keep the firm steady during the coronavirus pandemic. Partner distributions for Gowling’s UK LLP have been deferred and it has made no commitment to pay them. In order to safeguard the firm during the crisis, the firm is also keeping drawings under […]
UK partners at Osborne Clarke are to defer 75 per cent of their quarterly profit distributions, with the firm also furloughing staff across its offices. The Lawyer understands that the firm has furloughed more than 100 staff members, though the firm did not comment on specifics. It is understood that the roles affected are all largely […]
Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]
Four silks from separate chambers have strayed from usual custom to come together in a bid to create a detailed and publicly available analysis of the UK Government’s furloughing scheme. The collaborating authors include Littleton Chambers’ David Reade QC, Old Square’s Michael Ford QC, 11KBW’s Sean Jones QC and Caspar Glyn QC of Cloisters, all […]
Gateley is the latest firm to furlough fee-earners in response to the Covid-19 crisis, with trainees on the receiving end of the firm’s latest bid to cut costs. After the listed outfit scrapped its dividend payments last month, the firm has now ramped up precautionary measures and opted not only to furlough its trainees, but […]
These are painful times for CMS corporate associates, who were informed three weeks ago that the firm would be carrying out layoffs and that up to 19 roles were at risk. The first take: CMS plays firmly in the City low-to-mid-market and has suffered from the dearth of deals, AIM floats and venture capital fundraising. […]
The lower down The Lawyer UK200 rankings your firm sits, the more difficult it is to grow. The revenue gap between the Top 10 firms and those outside the Top 50 was £1.14bn in 2022/23, but all that separates the firm ranked 50th (Browne Jacobson) and 100th (Payne Hicks Beach) is £66m in revenue. It […]
Today’s the day: will Allen & Overy (A&O) and Shearman & Sterling vote to merge, or have efforts by both firms’ management failed to convince the naysayers? Unlike the excitement of a day’s General Election, both sides are being very lawyerly about it and can ponder for two whole weeks. The vote closes on 13 […]
On Halloween 2024, all that remained of SJ Berwin will end, as King & Wood Mallesons’ (KWM) retreat from the UK, Europe and the Middle East is finalised and its offices in those regions closed. The fate of its people in London, Brussels, Madrid, Milan, Frankfurt and Dubai will be sealed. And that will be […]
The latest mergers in Scotland will be followed by more soon enough
The UK’s 100 largest law firms generated revenue of £33.7bn between them in 2022/23, The Lawyer can reveal in its annual UK200 report, released today. The figure is up 7 per cent from £31.3bn in 2021/22, demonstrating the resilience the UK’s legal sector despite continued turbulence in the political and economic landscapes. Meanwhile, the Independents […]
Wilko’s general counsel is taking on a new role at Sofina Foods after the high street retailer fell into administration. After last ditch attempts to save Wilko failed, general counsel Robert Powell appealed on LinkedIn for staff support of his legal team. He is now joining Sofina Foods as its head of legal. Sofina Foods […]
Senior lawyers from Revolut’s panel firms will mentor in-housers at the fintech as part of a new professional development initiative. While Revolut has its own reverse mentoring scheme internally, the in-house team were keen to mirror this with external providers. They approached panel firms Osborne Clarke and Latham & Watkins with the idea of matching […]
The UK boss of Bryan Cave Leighton Paisner (BCLP) has been appointed to the position of global senior partner. Segun Osuntokun will take up the newly-created role from 1 January, supporting the firm’s sole CEO Steve Baumer. Osuntokun joined the firm in 2008 as a partner in the litigation and corporate risk practice, and was […]
The latest episode of The Lawyer Podcast is out now! Proposed redundancies at CMS and Taylor Rose have raised associate anxieties across the market, with many wondering whether they could be the start of wider trouble. The Lawyer‘s editor Catrin Griffiths and litigation editor Christian Smith are joined by director of insight Matt Byrne and […]
