UK

UK updates from The Lawyer, covering London and regional law firms and the Bar.

News

Roger Morris

Burges Salmon posts double-digit profits rise

Burges Salmon saw its average profit per equity partner (PEP) spike by 15 per cent, as its revenue posted more modest growth. The PEP metric went up from £446,000 to £512,000. Meanwhile, its revenue grew by four per cent from £104.9m to £108.7m. The Bristol firm smashed the £100m revenue milestone the previous financial year. […]

A&O’s Peerpoint expands in Middle East

Allen & Overy’s flexible resourcing business Peerpoint has launched in Dubai, the latest jurisdiction included in its offering. The firm debuted its services in the United Arab Emirates in May, and it is now fully operational. The launch was driven by demand for projects within the firm’s network and from external clients over the years. […]

business deal room

Mishcon strikes merger deal with UK200 firm

Mishcon de Reya has struck a deal to create a newly-merged entity with Taylor Vinters, just over a week after the firm’s partnership voted through its IPO proposals. This new business will offer legal and consultancy services, with MDR Taylor Vinters set to be led by the Taylor Vinters management team. Following the deal, Mishcon’s […]

Keystone directors to reap rewards of £6.9m share sale

Several members of Keystone Law’s leadership team have cashed out on millions of pounds worth of shares after the firm’s value recently hit its highest-ever peak. Those selling shares included chief executive officer James Knight, compliance and operations chief William Robins and finance director Ashley Miller. Robins gained the most from his recent sale by […]

Ofgem GC returns to Pinsent Masons

Ofgem’s former GC Euan McVicar has moved back to Pinsent Masons after eight years in-house.  McVicar joins as senior climate adviser in the firm’s climate change mitigation and sustainability team, having served as GC at Ofgem for two years. He moved to the energy regulator from Green Investment Group, where he served as GC between […]

Tech platform Remote appoints general counsel

Former WorldRemit lawyer Sam Ross has returned in-house after a spell at Stephenson Law. Ross has joined business Remote as VP general counsel. After a decade in-house, he moved to boutique Stephenson Law as associate director and head of scaleups last April. Remote is an HR technology platform for international payroll, benefits and compliance. It […]

exit

Mishcon real estate partner set to depart

Mishcon de Reya is to lose one of its partners to a real estate fund, just days after the move of its international arbitration head was announced. Real estate special situations partner Omega Poole is leaving the firm after almost three years, having joined in 2019 from Brown Rudnick. Poole will become head of capital […]

James Knight, Keystone Law

Pandemic bounce-back fuels Keystone’s half-year growth

Keystone Law’s revenue climbed to £33.7m for the six months ending 31 July, representing a 10.8 per cent increase on its last set of half-year results. This was alongside a significant hike in profit before tax, which in comparison to the first half of the last financial year, leapt by 109 per cent to reach […]

Informa legal head moves to Hg-backed tech fund

Informa’s head of legal for EMEA and APAC has taken on a new global general counsel role at FE Fundinfo. Lisa Maxwell is set to join Fe Fundinfo, a global fund and technology company backed by private equity house Hg Capital, as GC on 27 September. She will be the first GC, and lawyer, at […]

SRA takes aim at ex-Mishcon partner in latest tribunal bout

The Solicitors Regulation Authority shifted its attention towards Liz Ellen on the second day of tribunal proceedings, with the regulator criticising the former Mishcon de Reya partner for a “deeply unattractive” change in position. Opening submissions from the SRA’s counsel, James Ramsden QC of 39 Essex Chambers, heaped pressure on Ellen when referring to allegations […]

Analysis

How in-house lawyers can navigate a legal ecosystem in flux

There is no doubt that the legal landscape has shifted dramatically over the past five years, none more so for in-house lawyers. No longer are law firms the sole external supplier of legal services, but rather consultancies and technology providers continue to edge themselves further into the picture. Unsurprisingly, this has led to the role […]

CC

Clifford Chance after Layton: Fresh faces wanted, new ideas needed

As Clifford Chance gears up for its leadership election this autumn, names of potential nominees have started to emerge alongside talk of wider management structural reforms. The firm will hold its process later this year, with its incumbent Matthew Layton understood to be set to leave the firm entirely once his term ends. The former […]

Kevin Gold

Mishcon’s fate lies in the hands of its junior partners

The news this week that Mishcon de Reya was seeking a listing may, on the face of it, appear a simple confirmation of a widely-anticipated event. However, the planned float is in no way a done deal, and executive chair Kevin Gold and managing partner James Libson need to persuade a lot of people outside […]

Public M&A rankings: UK firms go missing in action

A number of success stories come to light in the public M&A rankings for Q1, with firms that have been busy investing being rewarded for their labours. But the magic circle are mysteriously absent, for now. The first few months of 2021 have seen over 8,900 transactions preliminarily agreed globally, according to Refinitiv data, the […]

Amazon

Cooley’s problem with Amazon

Last month, Cooley unveiled its first revenue dip since it opened in the City in 2015. Behind that lies a major tussle over firm strategy – and in particular, its relationship with one of the most powerful companies in the world.

Roundtable: How to start a digital strategy – even if you’re late

The whole in-house legal industry is facing unprecedented stress levels fueled by an impending sense of urgency. Over the past few months, legal departments have dealt with uncertainty surrounding their teams, increased workload and complex work to support their businesses and stakeholders. Almost counterintuitively, there has never been a better moment to think about creating […]

Transform or evolve: Tackling the innovation debate head-on

Five years ago, LexisNexis asked the University of Cambridge business school a simple question on resistance to change: “Why is it that law firms are not changing as fast as some clients and some partners want?” The research revealed the most agile firms benefitted from leveraging the voice of the client. Not only was internal […]

Roundtable: How process optimisation can confront shrinking budgets

As the client service transformation partner at TLT, Siân Ashton’s first question for a group of in-house lawyers during a virtual roundtable with The Lawyer was: “What causes you pain?” This was not an enquiry about the physical or mental wellbeing of GCs, but rather one for the workplace as she seeks to identify where […]

Roundtable: The growing influence of litigation funding and managing London’s reputation

This year’s Litigation Team of the Year, sponsored by Gallagher’s Dispute Resolution/Major Risks Practice, shows the strength and breadth of London’s disputes market and the shortlisted litigation teams joined The Lawyer for a discussion in the lead up to this year’s virtual awards. Representatives from Akin Gump Strauss Hauer & Feld, Freshfields Bruckhaus Deringer, Freeths […]

Latest UK Briefings

New plans for the UK immigration system

The Government has published its first statement setting out its vision for legal migration and border control as part of the new plan for immigration. This article summarises the key goals that form part of the vision.

CMA review into competition law and ‘vertical agreements’ in the UK

The CMA recently launched its much anticipated review as to how competition law should apply to many common types of commercial arrangements (including, among others, distribution agreements (including exclusive and selective distribution), agency and franchising). It will, of course, be relevant in the automotive sector, bearing in mind that dealer agreements now fall under the “general” competition law rules rather (with the Motor Vehicles Block Exemption being confined to aftermarkets).

Online Harms regulation – getting closer?

The Government’s much anticipated response to the Online Harms White Paper consultation has finally been released but those seeking clarity at this stage may be left scratching their heads. It appears to represent no more than an indication of the Government’s direction of travel under considerable media pressure to ensure that “something must be done” […]

Balancing fear and greed: Does an expansion of the UK foreign direct investment rules beckon?

By Bernardine Adkins, Sean Giles In 2018, new measures were introduced to expand the scope of government intervention in mergers. This year, the government’s briefing note accompanying the Queen’s Speech proposes new rules on investment screening. What does this mean for business? Our experts examine the existing UK foreign direct investment rules, and explain what any […]

The Environment Bill 2019 – water, water, everywhere

By Lee Perry Part 5 of the Environment Bill, contains a number of disparate proposals relating to water – which could have major implications for many. Senior associate Joanne Sear and solicitor Grace Mitchell take a look at some of the key points in the Bill. Water resources planning According to its explanatory notes, the […]

End of consultation on the abolition of ASTs – response awaited

By David Perry The recent Government consultation on ending no fault terminations of residential tenancies, which will effectively abolish assured shorthold tenancies, came to a close on 12 October. Many people will be looking to see what, if anything, results from that process. As a generational change in residential letting, many stakeholder groups are likely […]

Court finds power of inspection is limited in the event of litigation

By Serge Amar, Nicolas Dubé How does one reconcile the concept of equality of the parties before the court and the guiding principle of fair debate with a party’s statutory advantage of being able to obtain information and evidence from its opponent? Such was the question examined in Ville de Montréal c. Sanimax Lom inc., wherein the Superior Court had to […]

Trends in the food and drink sector

By James Webb Despite 2018 being a very tough year for many in the food and drink industry, according to research compiled by Grant Thornton, M&A and private equity deal activity in the sector remained steady with a fall of just 2.8% compared to 2017. This is supported by our experience during the period where […]

Proceeds of sale of school site lost due to operation of reverter

By Alan Corcoran, Charlotte Walker The closure of a school prior to its sale meant the use for which the land had originally been given had ceased and so the proceeds of sale did not belong to the local authority. This was the decision in Rittson-Thomas v Oxfordshire County Council, which concerned the redevelopment of a […]

Fiduciary management: Improvement through competition?

Have you ever considered using fiduciary management services? Does your scheme have a fiduciary manager? Are you considering appointing or replacing a fiduciary manager? If so, you should already be considering the implications of the Competition and Markets Authority’s final report into the investment consultants market. The new requirements arise from concerns around the operation of the […]