Travers Smith has deferred salary reviews and reduced its annual firmwide bonus as part of additional measures to protect the financial stability of the firm. In April, the firm cut monthly partner drawings, with senior partners taking a 25 per cent cut in drawings. It also deferred partner distributions “until the longer-term trading position becomes […]
Pinsent Masons’ flexible resourcing service Vario has brought in the German leadership duo of rival Lawyers On Demand (LOD), as the latter prepares to shut down in the region. Vario, whose turnover is understood to have grown by 30 per cent in the last financial year from £14m to an estimated £18m, has hired Carl […]
Kirkland and Latham top the US 50 law firms in London table in 2021.
Allen & Overy’s revenue increased by 4 per cent to £1.69bn over 2019/20, though the firm anticipates tough market conditions ahead. A&O is one of the first City firms, and the first among the magic circle, to post its financials this year, as others cautiously hold back. The results are for the financial year to […]
Deutsche Bank has selected three of its panel firms to take on trainees who need to complete contentious seats as part of their training contract. Herbert Smith Freehills, Simmons & Simmons and Norton Rose Fulbright are the three to have been selected from a panel that contains a number of silver circle, magic circle and […]
Listed water services company Pennon Group has finalised its first panel review under its new general counsel, with Allen & Overy and Slaughter and May among those appointed. The other firms with places on the panel are Ashfords, Burges Salmon, Charles Russell Speechly, Squire Patton Boggs, TLT and Winston & Strawn. The selected firms will […]
A partner duo from Brown Rudnick is leaving the firm’s London office for PCB Byrne, The Lawyer can reveal. Neil Micklethwaite, Brown Rudnick’s London managing partner, is to make the move, along with fellow partner Olga Bischof. The pair specialises in complex litigation, regulatory investigations and fraud matters, with a particular focus on disputes relating […]
Stephenson Harwood’s turnover increased 11 per cent during the last financial year, as firms across the country prepare to announce their results for 2022/23. The firm posted a revenue figure of £228m, up from its flat £206m the previous financial year. It is the first time the firm has posted positive revenue figures in three […]
Latham & Watkins is boosting its equity capital markets practice with the hire of a Freshfields Bruckhaus Deringer partner, known for advising on some of the City’s largest IPOs. Mark Austin is leaving the magic circle firm after over two decades to join Latham’s capital markets and public company representation practice. He joined as a […]
This report contains: analysis of the financial performance of the largest US firms by UK-generated revenue key metrics highlighting the fragmentation of the market individual firm profiles highlighting financial performance and strategy, hirings and exits, and deals and cases
Identify key recruitment trends in the corporate legal market across all sectors from The Lawyer’s proprietary jobs data Get critical data on firms that have hired most corporate lawyers and firms that have lost most corporate lawyers. Also see where a firm’s hires have come from and where a firm’s lawyers have gone to Compare the […]
This report contains: a brief look at the latest trends in life sciences sparked or accelerated by Covid-19 analysis of the main law firms working in the area across the spectrum of contentious and non-contentious practices insight into the 100 largest UK life sciences deals since 2020
This report contains stratification of the market by firmwide headcount at the domestic Italian firms comparison to the international firms that are present there context for how the market has reached this point following the era of mass privatisation in Italy
This report contains: a ranking of the largest chambers by tenant headcount in the last financial year a look at the changes in headcount over the past year, barristers’ year of call, retention rates and gender diversity data from The Lawyer‘s Litigation Tracker offering insight into which chambers feature most in some of the main […]
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The hub model of using a particular city is a tried, tested and proven method of a firm being present in one place while retaining the ability to plug into work from the wider region. Singapore has long played that role for South East Asia, then there’s Miami for Latin America, and for Central and […]
Lawyers will keep moving in-house if the city doesn’t provide more opportunities
The legacy of the pandemic isn’t the death of the office
Don’t miss out on hearing from The Lawyer’s superstar US managing partner panel at our live webinar to mark the launch of this year’s US 50 report. Where will growth come from in 2023, how is law firm culture changing and what does the A&O/Shearman merger mean for the global elite market? Register here
Significant salary hikes provoke outrage among the legal elite. “Newly qualified lawyers are paid how much?” is the common response to the latest NQ pay jump. Still, at well over £100,000 a pop for a lawyer straight from university, it’s a fair question. This level of pay at a time when costs are spiralling is […]
Addleshaw Goddard and Gowling WLG have led on the purchase of milk testing company National Milk Records by Associated British Foods. A team from Addleshaws advised longstanding client Associated British Foods, a conglomerate that owns brands such as Primark, Twinings and Allinsons. Partner Simon Wood led the firm’s team, along with legal director Jeremy Cruse […]
Shearman & Sterling has taken another hit in the City, losing a structured finance partner to Freshfields Bruckhaus Deringer. James Duncan has spent over a decade at Shearman. He advises on cross-border deals including buy-side and sell-side equity solutions and financing. Upon joining the magic circle firm, Duncan is expected to work closely […]
Defendant insurance firm Plexus has filed a notice of intention to appoint an administrator, having confirmed last week that its investors had pulled back their support. According to the public filing system, both Plexus Law and Plexus Legal have applied to the High Court to appoint an administrator. Macfarlanes has been appointed as its representative. […]
Welcome back to The Passport, your weekly roundup of the most impactful stories from across the European continent. This week, Vienna’s importance to the European legal community appears to be increasing, Milan was named as the home of the third court of the UPC’s central division and a Brussels-based trade and sanctions boutique makes a […]
Join the Slaughter and May partnership – and then move out. That’s what new Slaughters partner Hemita Sumanasuriya is doing when he joins the Takeover Panel as its secretary for a two-year secondment starting in September. Sumanasuriya has been a Slaughters’ partner for just two months, having been promoted in the firm’s most recent round […]
