⭐ Trainee retention 2023: live
All the latest from the 2023 retention rounds. For our 2022 live blog go here
The Lawyer’s top 200 UK law firms revealed
The largest 200 UK law firms are revealed in The Lawyer’s UK 200 latest report.
A&O u-turns on NQ salaries
Allen & Overy has joined Linklaters in hiking its newly-qualified solicitor pay, despite the pair last year deciding not to match rates announced by Freshfields and Clifford Chance. A spokesperson for A&O told The Lawyer, “We have increased our NQ salaries to £125,000 p.a. in line with the market.” Earlier today, Linklaters also upped NQ […]
Cravath to launch long-awaited English practice with Shearman hires
In a major transatlantic development, Cravath is to offer English law services in London for the first time, hiring from Shearman & Sterling’s finance team.
PrivatBank: What to expect from next week’s mammoth trial
⭐ Trainee retention 2023: live
All the latest from the 2023 retention rounds. For our 2022 live blog go here
The Lawyer’s top 200 UK law firms revealed
The largest 200 UK law firms are revealed in The Lawyer’s UK 200 latest report.
A&O u-turns on NQ salaries
Allen & Overy has joined Linklaters in hiking its newly-qualified solicitor pay, despite the pair last year deciding not to match rates announced by Freshfields and Clifford Chance. A spokesperson for A&O told The Lawyer, “We have increased our NQ salaries to £125,000 p.a. in line with the market.” Earlier today, Linklaters also upped NQ […]
Cravath to launch long-awaited English practice with Shearman hires
In a major transatlantic development, Cravath is to offer English law services in London for the first time, hiring from Shearman & Sterling’s finance team.
“I’m not a lawyer!” Teresa Owusu-Adjei on becoming head of legal at PwC
In its century-old history, Teresa Owusu-Adjei was PwC’s first black female partner, and is now its first head of legal who isn’t a lawyer. Having initially trained as a chartered accountant and known as a PwC ‘lifer’ for having remained at the firm ever since, Owusu-Adjei is now tasked with drawing together its legal offerings […]
Here’s what you think about Gen AI
Generative AI and its likely impact on the legal market has been one of the themes of 2023 but as we close in on Q4, at least we can all take solace in the fact that substantive structural change is years away. Right? Well, maybe. This year’s UK 200 report, available now on the City […]
Clifford Chance is banking on energy
The hire of a global energy and infrastructure duo from Latham & Watkins by Clifford Chance last week is symbolic of a strategic divergence emerging between the UK firm and its US City peer. Coming after Clifford Chance (CC) opened in Houston, the arrival of partners Craig Nethercott in London and Chirag Sanghrajka in Dubai […]
CMS redundancies: the partners will be next
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 partnership model is creaking
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 […]
On your marks, get set, A&O
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 […]
Axiom Ince finally collapses
Axiom Ince, which bought troubled firms Ince and Plexus earlier this year, has asked the High Court to appoint administrators. Axiom Ince, previously known as Axiom DWFM, instructed Devonshires Solicitors partner Jim Varley to file a notice of intention to appoint an administrator today. It is understood that the firm had to cease trading as […]
Exclusive: The promotions set to bolster Kirkland’s partner ranks
Lawyers across Kirkland & Ellis are celebrating their promotion to partner, as the firm looks set to announce its annual round later on today. While the full list will be available later, a large group of London lawyers are expected to make the cut. Over the summer, the biggest story emerging from the firm was […]
“We aren’t that Axiom”: Flexi-lawyer business distances itself from stricken firm
Axiom Law, a flexible legal resources provider, has put a disclaimer on its website to warn customers it is not affiliated with beleaguered Axiom Ince. A pop-up box on its website reads: “With over 20 years of experience, and a client roster that includes over 60 per cent of F100 companies, Axiom is the global […]
Goodwin bolsters London team with white-collar expertise
Goodwin Procter has accelerated plans to offer a full-service contentious practice in the City, having appointed its first dedicated white-collar partner in London. Partner Mark Beardsworth joins from Cadwalader, where he has practised since 2019. Beardsworth joined Cadwalader at a time when it was undergoing its own hiring spree to grow the white-collar defence and […]
Pogust Goodhead signs $552m litigation investment deal
Pogust Goodhead, a disputes firm known for securing a settlement in the 2022 Volkswagen emissions group litigation, has agreed to a partnership deal with investment manager Gramercy. The corporate debt finance deal is thought to be the largest worldwide investment in a law firm to date. It is also the largest single investment to date […]
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