Tech Pioneers: Meet Addleshaws’ trainee innovators
A group of trainees and associates brimming with innovative tech ideas is being given the opportunity to take the reins, collaborate with partners and revolutionise how firms work
What are billable hours and what do students need to know about them?
The billable hour system is when a lawyer records how they spend every minute of their working day to calculate how they bill the client. It used to be the most common method of charging a client for the work of a lawyer. Different bands of lawyers at different firms cost different amounts and clients […]
The Lawyer Awards 2021: Shortlist revealed
The Lawyer Awards takes place in November this year, with scores of firms, in-house teams and chambers making the shortlist. The winners will be announced in our virtual awards ceremony, taking place on Tuesday 2 November. Last year saw Keystone win the top prize, as the coronavirus pandemic vindicated the firm’s non-traditional and remote working model in spades. […]
Monzo set for in-house overhaul after GC hire
Monzo’s new general counsel has outlined her plans to re-engineer the challenger bank’s lawyers to equip them for digital disruption. Stephanie Pagni joined Monzo from Barclays in March as its GC and company secretary, filling a void left by the departure of head of legal James Sullivan. Founded six years ago, Monzo was the UK’s […]
Stewarts seeks unpaid fees from Russian divorce scrap
Tech Pioneers: Meet Addleshaws’ trainee innovators
A group of trainees and associates brimming with innovative tech ideas is being given the opportunity to take the reins, collaborate with partners and revolutionise how firms work
What are billable hours and what do students need to know about them?
The billable hour system is when a lawyer records how they spend every minute of their working day to calculate how they bill the client. It used to be the most common method of charging a client for the work of a lawyer. Different bands of lawyers at different firms cost different amounts and clients […]
The Lawyer Awards 2021: Shortlist revealed
The Lawyer Awards takes place in November this year, with scores of firms, in-house teams and chambers making the shortlist. The winners will be announced in our virtual awards ceremony, taking place on Tuesday 2 November. Last year saw Keystone win the top prize, as the coronavirus pandemic vindicated the firm’s non-traditional and remote working model in spades. […]
Monzo set for in-house overhaul after GC hire
Monzo’s new general counsel has outlined her plans to re-engineer the challenger bank’s lawyers to equip them for digital disruption. Stephanie Pagni joined Monzo from Barclays in March as its GC and company secretary, filling a void left by the departure of head of legal James Sullivan. Founded six years ago, Monzo was the UK’s […]
Clifford Chance finalises long-term remote working plans
Clifford Chance has approved a long-term UK remote working policy, as it prepares to give its lawyers access to the upper floors of its Canary Wharf tower. Everyone at the firm will be expected to be in the office for a minimum of 50 per cent of their hours, with the remaining percentage being devoted […]
Who’s in and who’s out at Barclays
Barclays’ legal team was once among the most influential in the UK. That power has diminished over the last decade, yet the banking giant still packs a punch when it comes to talent management. Some 40 lawyers are understood to have left Barclays in the UK last year. There are cost-cutting measures at play here, […]
The platform firm has moved mainstream
Keystone Law, the poster child for the platform firm, is likely to break the psychologically important £100m revenue barrier in 2025. The success of this firm has spawned a new market, which is challenging traditional firms on the talent front. More than 3,500 lawyers now work across a variety of fee-sharing outfits, research from Atlas […]
Don’t wait for the climate crisis to come to you
Gibson Dunn & Crutcher, Gowling WLG and Norton Rose Fulbright’s London offices will all be under water in a few decades. This trio shares idyllic views overlooking the Thames, but they will all be submerged in the river by the year 2100 as climate change-induced sea level rises occur. And this is based on the […]
Welcome to your TikTok legal career
Talent churn is accelerating among the junior ranks with today’s associates more mobile than the generations before them. The concept of long-term professional loyalty is fading as Gen Z rises. These lawyers ask not what they can do for you, but what your firm can do for them. This generational shift in working attitudes is […]
Slaughters and Linklaters can breathe a huge sigh of relief
Hooray, big-ticket M&A is having a mini-revival and so are the firms that make so much of their money out of it. Already in 2024, major European M&A deals to have been announced include International Paper’s £5.8bn planned acquisition of London-listed packaging company DS Smith, which trumped another offer from rival Mondi. Other significant matters […]
Freshfields partner to join Slaughters’ pensions team
Slaughter and May is to add another senior lawyer to its pensions team in the City, this time from Freshfields Bruckhaus Deringer. Charles Magoffin, a partner at Freshfields since 2010, is joining Slaughters as a senior counsel from September. Slaughters has still only ever made one lateral hire in the City, also into its pensions […]
Post Office scandal sparks review of litigation funding
Litigation funders will be keeping a close eye on an upcoming review into third-party funding regulation, proposed caps on returns, as well as litigation costs. The Civil Justice Council is looking to produce a full report by the summer of 2025. The review follows an increased focus on litigation funders and their role in disputes, […]
Ashurst promotions: Eight City lawyers make the grade
In its largest promotions round ever, Ashurst has elevated eight London lawyers to partner out of 30 worldwide. The firm has made up eight lawyers in London, as well as seven in Sydney. In total, 17 promotions were made in Ashurst’s Australian offices, meaning just five were made outside of either London or Australia. Loans […]
SQE shambles: Candidates lambast pricey appeals process
Frustrated Solicitors Qualifying Examination (SQE) candidates are calling on the SRA to increase accessibility to the appeals process after a results error saw 175 candidates mistakenly told they had failed their exams. On Monday last week, the SRA announced that 175 candidates who sat SQE1 in January and were told they had failed on 14 […]
Ex-Axiom Ince boss to face bankruptcy petition
The administrators of collapsed firm Axiom Ince have filed a creditors’ bankruptcy petition against its former boss. Filed at the end of last week, the petition will seek to force Pragnesh Modhwadia’s bankruptcy, The Lawyer understands, applying to the court for his assets to be taken and sold to pay debts to the administrators. Pinsent Masons […]
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