Bird & Bird CEO Christian Bartsch has set out the firm’s new five-year strategy, with the financial goal of hitting the €1bn revenue milestone by the end of the 2029/30 financial year. The firm’s most recent financial results saw it post €573m, meaning that Bird & Bird will need to grow its topline by 74.5 […]
Clifford Chance has hired a partner from Paul Hastings to bolster its private capital offering in London. Blake Jones, who makes the move having spent the last five years at the US firm, will join Clifford Chance’s global financial markets team as the firm expands its European collateralised loan obligations (CLO) practice. Jones has also […]
US firm Jones Day has been appointed as the lead law firm acting on the administration of The Body Shop. It is understood that the collapse of the London-headquartered retailer expects to put over 2,200 jobs at risk, just three months after the brand was sold to German asset manager Aurelius Group by its previous […]
Orrick Herrington & Sutcliffe has been hit by a second mass defection in Italy this week, seeing a 15-lawyer team leave to join BonelliErede just days after another group moved to Hogan Lovells. The BonelliErede joiners will strengthen the firm’s risk, compliance and investigations (RCI) group, as well as its IP, privacy and IT team […]
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last full update: 3 November 2023 Last minor update: 1 May 2024 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to […]
Pharma wars: Hampshire firm takes on Aspirin producer An IP battle has begun between Hampshire-headquartered Aspire Pharma and German behemouth Bayer after the former filed a part 7 ‘patents and registered designs’ claim on Wednesday 7 February. Bayer is one of the largest pharmaceutical companies in the world, responsible for products including Aspirin, Claritin and Rennie, […]
British utility company National Grid has kicked off a major tender for legal services as it looks to create a dedicated net zero panel worth £250m. Law firms appointed to the roster will support National Grid with its business ambitions and net zero projects for the next eight years. The panel spots have been separated […]
Welcome to The Passport, your regular round-up of all the most important stories to come from the European legal market. In this week’s edition, it looks as though the days of just having your bonuses linked to billable hours are almost over in Europe as firms increasingly seem to be moving away from that sole […]
From employment wannabe to head of energy and utilities at Burges Salmon, Phillips explains how the firm is building a national energy practice that’s fit for the transition.
Pinsent Masons has doubled down on its Middle East offering with the launch of its NewLaw business Vario in Dubai. The move will see senior legal counsel Britta Spachtholz relocate to Pinsents’ Dubai office, which is where Vario will be based. The Middle East launch comes after a period of expansion for Vario. Since launching […]
Hogan Lovells’ office relocation could be delayed by up to 12 months following the discovery of priceless Roman relics in the foundation of its future London home. An archaeological dig carried out by Museum of London Archaeology (MOLA) underneath the development of 21 Holborn Viaduct uncovered what has been described as “exceptionally important” Roman artifacts. […]
BonelliErede has enacted a trio of radical overhauls affecting partner remuneration, associate progression into the partnership and how partners should approach their retirements in one of the most significant policy shifts in its history. The new measures decided by BonelliErede’s new-look management committee represent an early marker of how they will look to reform the […]