Lenders aren’t happy – and lawyers are in the ethical firing line
After the row over Shearman’s perceived closeness to Kirkland on the Access refinancing, is the law firm designation model on private equity deals about to crumble?
City associates offered partner-style pay in Boies recruitment drive
Boies Schiller is giving UK associates the option of either partner-style “formula compensation” or standard salaries to recruit and retain new talent, The Lawyer can reveal. Each City associate at Boies Schiller can now choose whether to receive a standard market competitive annual bonus or instead be paid a percentage of the number hours they […]
KC appointments decline again as 95 take silk
The Lord Chancellor has announced a total of 95 new King’s Counsel, meaning the number of barristers to receive silk status has fallen for the second year in a row. The latest cohort is 5.9 per cent smaller than the 101 barristers promoted in 2021, which at the time marked a 13 per cent dip […]
Magic circle partner swiped by KPMG Law
Nick Roome, who has led KPMG Law’s UK legal practice since 2014, is passing the baton to Linklaters partner Stuart Bedford. Bedford has been a corporate partner at the magic circle firm for over 20 years. Prior to which, he had experience in-house as counsel for BAE Systems, as a senior consultant for Grosvenor, and […]
Pre-trial interview: The case to watch for insurers
Lenders aren’t happy – and lawyers are in the ethical firing line
After the row over Shearman’s perceived closeness to Kirkland on the Access refinancing, is the law firm designation model on private equity deals about to crumble?
City associates offered partner-style pay in Boies recruitment drive
Boies Schiller is giving UK associates the option of either partner-style “formula compensation” or standard salaries to recruit and retain new talent, The Lawyer can reveal. Each City associate at Boies Schiller can now choose whether to receive a standard market competitive annual bonus or instead be paid a percentage of the number hours they […]
KC appointments decline again as 95 take silk
The Lord Chancellor has announced a total of 95 new King’s Counsel, meaning the number of barristers to receive silk status has fallen for the second year in a row. The latest cohort is 5.9 per cent smaller than the 101 barristers promoted in 2021, which at the time marked a 13 per cent dip […]
Magic circle partner swiped by KPMG Law
Nick Roome, who has led KPMG Law’s UK legal practice since 2014, is passing the baton to Linklaters partner Stuart Bedford. Bedford has been a corporate partner at the magic circle firm for over 20 years. Prior to which, he had experience in-house as counsel for BAE Systems, as a senior consultant for Grosvenor, and […]
Live blog: Legal profession mourns Queen Elizabeth II (1926 – 2022)
Here is how the legal world is responding.
New York alone isn’t worth it anymore
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Here’s one solution to Linklaters’ departures
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss has rewritten the playbook
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
The Cristiano Ronaldo of law firms is…
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
The legal hub you didn’t know existed
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Hill Dickinson hires six-strong team from Clydes
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
Linklaters restocks in corporate with Travers hire
A senior member of Travers Smith’s corporate group has left for Linklaters, after a string of departures from both firms. Richard Spedding has left the firm for Linklaters after 25 years at Travers, making partner in 2003. Working in M&A and equity capital markets, Spedding was also an associate at Freshfields Bruckhaus Deringer for five […]
NatWest names new GC as Moore departs
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
Orrick replenishes Milan office with hires from Shearman’s Italian arm
Orrick Herrington & Sutcliffe has drafted in the former M&A head of Shearman & Sterling’s Italian associate firm to rebuild its transactional capacity in the country. Fabio Fauceglia joins the firm from Studio Legale Associato Shearman & Sterling, bringing with him a team of six lawyers, comprising of counsel Leonardo Pinta and five associates. Fauceglia […]
A&O Shearman partner moves over to Clifford Chance
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
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