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If your hours-to-pay ratio stinks, there’s only one surefire solution
The billable hours system means firms have little flexibility to give their employees time off.
Hot 100 career quiz: ‘T Level’ general counsel Kris McGhee
“My trainee supervisor once said: ‘Kris, remember, pressure makes diamonds’. To this day, that still sticks in my mind.”
Eight firms land places on Vodafone’s refreshed roster
Latham & Watkins and Slaughter and May are among the firms to have won spots on Vodafone’s revamped panel. The telecoms giant has wrapped a review of its roster of legal advisers, which started at the end of last year. The assessment focused on diversity and inclusion as well as ESG credentials, with general counsel […]
Rabobank’s Rashpal Kaul: Prospering in the fast-moving world of finance
Rabobank senior counsel Rashpal Kaul says having a generalist approach and constantly reinventing yourself are key to making a success of his role
Shetland is much more interesting than California
Anderson Strathern and Allen & Overy’s growth strategies have a few similarities.
Freshfields NQ pay rockets past A&O Shearman’s to £150,000
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
Charles Russell Speechlys tells trainees to lead on innovation projects
Charles Russell Speechlys (CRS) is continuing its innovation strategy rollout with the introduction of a new programme for its trainee solicitors. Following the launch of its ‘advanced client solutions’ (ACS) team in early April, the firm has now brought in Russell Up, a scheme designed to have each trainee deliver four innovation projects throughout their two-year training […]
Davis Polk lands finance partner in rare hire
Davis Polk & Wardwell has recruited from Paul Hastings’s finance team, expanding its partnership ranks in the City to nine. The small City outfit has hired Luke McDougall from Paul Hastings. McDougall focuses on UK and cross-border acquisition finance and restructuring, acting for senior lenders, junior lenders and borrower groups on a variety of capital […]
All change at McDermott: Corporate duo take the reins in London
Having returned to the legal market after seven years in retirement, Graham White has been named as senior partner of McDermott Will & Emery’s London office, along with a new managing partner. Private equity lawyer White, who joined McDermott this year after leaving Fried Frank Harris Shriver & Jacobson in 2017, has taken on the […]
Travers exits continue as infrastructure partner departs
A week after losing a private equity duo, Travers Smith is set for another partner exit – this time from its infrastructure finance team to Sidley Austin. Partner Ben Thompson has exited the firm and is joining Sidley Austin. Thompson joined the firm in September 2021 from Weil Gotshal & Manges, where he was a […]
The impact of tech on financial management
This report contains: an analysis of 15 UK firms’ cash flow management and lock-up trends over the past five years lock-up correlated with profitability to demonstrate the impact of strong financial management for firms’ bottom line details on the adoption of technology by firms to make their financial management more efficient
How Iberian firms are deploying their international strategies
This report contains: an overview of the international strategies of the Iberian firms in The Lawyer‘s European 100 an analysis of the expansion strategies of Spanish and Portuguese-heritage firms in key jurisdictions outside of Iberia
The Scottish legal market in 2024
This report contains: an analysis of the Scottish legal market as a whole, covering key locations and sectors the challenges and opportunities of doing business in the country analysis of the Scottish independent firms’ efficiency
Under the hood: Quinn Emanuel’s London Office
This report contains: a look at the profitability and growth of Quinn Emanuel’s London office since its opening in 2008 an analysis of Quinn’s bench strength and how it weighs up against competitors an overview of Quinn’s practice in London
Linklaters and the race for the global elite
This report contains: The Lawyer‘s new global elite index which ranks firms on four key financial metrics analysis of the magic circle firms’ growth trajectories in the US insights from industry experts on firms poised for global dominance in the next decade detailed analysis of the magic circles practice area performance using data from The […]
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Associates are leaving Eversheds
Associate churn is gathering pace across some of the largest UK firms
AI, Freshfields and Richard Susskind
GenAI will force firms to re-evaluate their pricing models
At Slaughters, labels matter
No corporate promotions at Slaughter and May, but that doesn’t mean investments have been curtailed
The true cost of being Scottish
How many trainees does it take to build a law firm? We welcome your suggestions for punchlines on that one (winner gets published in a future Horizon). But if one was inclined to think of a serious answer, one would naturally say that the larger the firm, the more graduates you need. After all, big […]
The retirement age is there for a reason
In the lower echelons of The Lawyer UK200, some firms are contending with major succession issues that could mean there is little option to find a merger deal whatever the cost. Growth is increasingly hard to come by for the Independent firms (ranked 101-200), but that doesn’t mean it’s all doom and gloom. Analysis by […]
Vinge CEO exits firm after 12 years in top job
Vinge’s Maria-Pia Hope has left the Swedish firm after stepping down as CEO after 12 years in the role. Hope’s final day at the firm was 31 March with her successor, banking and finance partner Louise Brorsson Salomon, stepping into her shoes on 1 April. Having joined the firm in 1996, Hope made partner seven […]
Trowers reveals innovation trainee seat amid legal tech push
Trowers & Hamlins has become the latest firm to offer an innovation seat to its trainees as a part of its training contract. From the beginning of April, trainees at Trowers will have the option to sit in the innovation team and develop their competency in legal tech. Trowers’ training contract is divided into four […]
Scandi shake-up as Hannes Snellman finalises split between offices
Scandinavian firm Hannes Snellman has finalised the split between its Swedish and Finnish businesses, citing “a divergence of the business strategies…in Helsinki and Stockholm”. The firm announced in February 2024 that the split would take place and the necessary arrangements have taken place splitting the offices into two distinct entities under the Hannes Snellman operating […]
Harbottles partners told to step up on lock-up
With the 2023/24 financial year-end just days away, law firm leaders are doing everything they can to make sure no bill is left unsent and no debt is left uncollected. For many firms, that process will include turning to a raft of new technology solutions to try and speed up the cashflow process. However, at […]
Linklaters cuts partner promotions by a third in latest round
This year marks an end to a series of bumper promotions rounds at Linklaters, with just 27 being made partner as of 1 May 2024. The magic circle firm has elected 27 new partners – a decrease of 34 per cent from the 41 promotions announced in both 2023 and 2022. The size of the […]
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