Six firms have now taken the giant leap on the London Stock Exchange, but it’s still not for everyone. One of the main reasons for trepidation is the influence that outside investors can gain at the expense of a traditional law firm partnership. However, added investment means more money and firms wanting to expand quickly […]
Shearman & Sterling’s revenue reached $968m in 2019 as the firm continues its laboured rise towards $1bn. Last year’s turnover represents a 1.3 per cent increase on its 2018 revenue, when Shearman’s global results showed 5 per cent growth to $955.5m. Meanwhile, the firm’s average profit per equity partner (PEP) was $2.5m, a modest rise […]
Linklaters has worked with a group of academics to create a new legal technology curriculum for its youngest lawyers. The curriculum, which was developed in partnership with Swansea University, will first prioritise the firm’s trainee population, starting with those who joined the firm in August 2019: around 200 people globally. But the firm has plans […]
The Bar Council has released new figures on barristers’ earnings.
Six firms have now taken the giant leap on the London Stock Exchange, but it’s still not for everyone. One of the main reasons for trepidation is the influence that outside investors can gain at the expense of a traditional law firm partnership. However, added investment means more money and firms wanting to expand quickly […]
Shearman & Sterling’s revenue reached $968m in 2019 as the firm continues its laboured rise towards $1bn. Last year’s turnover represents a 1.3 per cent increase on its 2018 revenue, when Shearman’s global results showed 5 per cent growth to $955.5m. Meanwhile, the firm’s average profit per equity partner (PEP) was $2.5m, a modest rise […]
Linklaters has worked with a group of academics to create a new legal technology curriculum for its youngest lawyers. The curriculum, which was developed in partnership with Swansea University, will first prioritise the firm’s trainee population, starting with those who joined the firm in August 2019: around 200 people globally. But the firm has plans […]
The Bar Council has released new figures on barristers’ earnings.
RPC will be acting for Bloomberg in a fascinating Court of Appeal encounter this week, as it takes on Byrne and Partners during a three-day hearing that is floated for either Tuesday or Wednesday. The case will rule upon whether criminal suspects have a reasonable expectation to privacy, and if so, when. Following a string […]
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Now ‘watercooler moments’ are finally set to return, they shouldn’t be stifled by an obsession with efficiency.
Eversheds has benefited from the Government’s levelling up agenda, particularly Network Rail’s infrastructure projects.
Lawyers need to be aware of ESG if they hope to keep the business of the biggest funds
The move to get lawyers commuting back into the office will cut the billable hour
Goodwin has been building its Munich offering, but is still some way off the established firms
UK firms outperform their US counterparts when it comes to working parents
Allen & Overy has released its autumn trainee retention figures, keeping hold of 88 per cent of its qualifiers. Out of its cohort of 41 trainees, 38 applied and received offers for newly-qualified positions at the magic circle firm. A total of 36 accepted, giving the firm a retention score of 88 per cent. One […]
Freshfields Bruckhaus Deringer’s revenue went up five per cent in the last financial year, the first under new senior partner Georgia Dawson and a refreshed management line-up. The magic circle firm’s turnover reached £1.59bn from £1.52bn. Meanwhile, its profit per equity partner grew by the same percentage, more muted growth than its peers which have […]
Paul Hastings is to bring in a leveraged finance partner from Latham & Watkins’ City office, The Lawyer can reveal. Partner Adrian Chiodo has been a member of Latham’s finance department since 2011. He was previously a partner at Australian outfit Gilbert + Tobin, and prior to that an associate at Milbank and legacy Allens Arthur […]
Addleshaw Goddard’s revenue surpassed the £300m barrier over 2020/21, with an uplift of 12 per cent. Following a sluggish 2020, the firm’s revenue hit £321m while average profit per equity partner (PEP) was up 23 per cent to £849,000, having fallen below £700,000 during the last financial year. The latest revenue figure means that the […]
The top of the equity at Charles Russell Speechlys skyrocketed by more than 40 per cent last year, with both ends of the rung going up. There was a 43 per cent rise at the top end from £635,000 to £910,000, while the bottom went up by 32 per cent from £207,000 to £275,000. These […]
Osborne Clarke is joining the raft of firms witnessing a dramatic rise in profits per equity partner (PEP), after a drop in 2019/20. The UK firm’s UK PEP went up by 16 per cent from £614,000 to £714,000. The previous year, the metric had dropped by 12 per from £703,000. The firm’s revenue meanwhile grew […]
