From Ince acquirer to suspended by the regulator – last week it was revealed that the former managing partner of Axiom Ince had been hit with a freezing order from his old firm. What more can be gleaned from this latest development? Pragnesh Modhwadia has found himself at the centre of regulatory scrutiny ever since he […]
A team of seven regulatory lawyers from Axiom Ince is the latest to leave as concerns mount over the firm’s future. Irwin Mitchell has recruited the group, led by former Ince Group partners Philip Somarakis and Colette Kelly. Somarakis is Ince’s former head of regulatory solutions and joins as Irwin Mitchell’s national head of regulatory. […]
Has the Covid-19 pandemic and the economic turmoil put an end to extravagant City law firm cascades?
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 […]
From Ince acquirer to suspended by the regulator – last week it was revealed that the former managing partner of Axiom Ince had been hit with a freezing order from his old firm. What more can be gleaned from this latest development? Pragnesh Modhwadia has found himself at the centre of regulatory scrutiny ever since he […]
A team of seven regulatory lawyers from Axiom Ince is the latest to leave as concerns mount over the firm’s future. Irwin Mitchell has recruited the group, led by former Ince Group partners Philip Somarakis and Colette Kelly. Somarakis is Ince’s former head of regulatory solutions and joins as Irwin Mitchell’s national head of regulatory. […]
Has the Covid-19 pandemic and the economic turmoil put an end to extravagant City law firm cascades?
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 […]
The UK’s 100 largest law firms generated revenue of £33.7bn between them in 2022/23, The Lawyer can reveal in its annual UK200 report, released today. The figure is up 7 per cent from £31.3bn in 2021/22, demonstrating the resilience the UK’s legal sector despite continued turbulence in the political and economic landscapes. Meanwhile, the Independents […]
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 […]
Talk of associates losing faith in the partnership track is nowhere to be seen at Addleshaw Goddard, which recently unveiled its largest round to date. The partnership count is currently running at 429 – up 75 per cent from the 245 it housed back in 2019. Those promotions show a firm that is bullish about […]
1 May is a big day for many in the legal industry, not just the thousands of people at Allen & Overy and Shearman who have now combined officially. Scores of lawyers become partners today after a wave of promotions, meaning that also – in the great circle of life – plenty of veterans are […]
The significance of the unstoppable growth of US-headquartered firms in London isn’t solely about jaw-dropping scale, although the size of headcount and revenue at some of these big City beasts is truly head-turning. Notably, several US firms have doubled down on their investment in London of late, and not just Paul Weiss. While the New […]
It has been over four years since the UK first went into lockdown because of the Covid-19 pandemic. That’s four years since the world went crazy and stocked up on toilet roll, since staff had to bundle up their laptops and work on makeshift garden furniture desks, and since most of the nation actually looked […]
Manchester United’s interim CEO and general counsel has left following another shake-up within the club’s executive ranks. Patrick Stewart served as general counsel at the club for over 18 years and stepped into the interim CEO role at the end of last year following the departure of Richard Arnold. Stewart completed his legal training at Burness and qualified in […]
Iberian firm Uría Menéndez will close in New York when its Park Avenue lease expires, after more than three decades in the US. The firm runs with a small staff in New York of just three lawyers, led by office managing partner and corporate lawyer José Félix Zaldivar. Uría Menéndez felt its US strategy would […]
Lawfront, the business backed by private equity firm Blixt Group, has made its eighth acquisition of a law firm, and its third in the last 12 months, as it continues its expansion. Manchester-headquartered full-service practice Slater Heelis is the latest to be acquired, with Farleys, Fisher Jones Greenwood and Nelsons the other large firms to […]
One of Shearman & Sterling’s London partner contingent left the firm ahead of its merger with Allen & Overy today. Leveraged finance partner Sanjeev Dhuna has not made the move to the new A&O Shearman. He joined Shearman during the firm’s hiring spree of 2021. Dhuna was previously at A&O, where he had spent the […]
Allen & Overy and Shearman & Sterling officially tie the knot today after a year of client discussions, integration planning and team introductions. The firm brings together nearly 4,000 lawyers, including 800 partners, with combined revenues of approximately $3.5bn. It had long been the plan of A&O’s outgoing senior partner Wim Dejonghe to develop a […]
