The first £200,000 NQ draws near
The latest newly-qualified (NQ) salary rise from Freshfields Bruckhaus Deringer still managed to raise interest last week, despite the fact enormous pay hikes are the new normal these days and that even £150,000 isn’t unusual any more (as of last week, Quinn’s £180,000 tops the market alongside Gibson Dunn). But it is still significant because […]
New York alone isn’t worth it anymore
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Here’s one solution to Linklaters’ departures
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss has rewritten the playbook
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
The Cristiano Ronaldo of law firms is…
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
Simmons fights $150m Russian litigation for Barclays
Simmons & Simmons represented Barclays Bank in an $150m anti-suit and anti-enforcement injunction against Russian state investment bank, VEB. VEB was founded in 1922 as the first international bank of the USSR, and since 2018 it has been chaired by the country’s former deputy prime minister under Putin, Igor Shuvalov. The bank was represented by […]
Take that, Freshfields: Quinn hikes NQ pay to £180,000
Quinn Emanuel Urquhart & Sullivan has increased its salary for newly-qualified solicitors (NQs) to £180,000. The US disputes specialist’s other associate salaries will also rise when the move takes effect from June. A 1 PQE associate is set to be paid £195,000, while a 2 PQE associate will be on £220,000. For 6 PQE associates, […]
Quinn’s competition litigation head leaves firm
Quinn Emanuel Urquhart & Sullivan has lost its UK head of competition, a year and a half after he joined the firm. Lambros Kilaniotis left the firm in April, having joined Quinn from RPC (where he was head of competition) in January 2023 to co-head Quinn’s UK competition practice with partner Kate Vernon. In a […]
The Lawyer Podcast: Why you should leave Big Law for a boutique (and why you shouldn’t)
The latest episode of The Lawyer Podcast is out now. Last week, all eyes were on A&O Shearman, a union hailing Big Law and its future. But in this week’s episode, we consider why so many solicitors are pursuing another future: opening their own firm. A survey from Censuswide on behalf of Harbour Litigation Funding […]
Hill Dickinson hires six-strong team from Clydes
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
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