Supporting Ukrainian refugees: a story of hope in dark times
Employing and housing Ukrainian refugees is not just ethically correct, it has proved good for business and friendship.
Thanks to the competition lawyers, the busiest team in your firm
As the markets uneasily shook into 2023, much attention was given to the role of restructuring lawyers and the need for firms to bolster their teams. However, there’s an area that’s shown little sign of dwindling in a slowdown: competition. There are plenty of US firms with sizeable, or longstanding, competition practices in London, namely […]
Anything Clifford Chance can do, Norton Rose wants to do better
Law firms are well-accustomed to a bit of friendly – and sometimes unfriendly – rivalry. How else are they to remain competitive in such a merciless market? The ongoing talent wars means firms must be sharp about talent retention, whether that means upping the cash stakes, hastening the track to partnership or getting vocal about […]
Hiring another firm’s managing partner? Surely not
It sounds mad, but this very thing happened twice in Scandinavia late last year
Pay rise, or one-off payment – what would you prefer?
Wage bills are climbing, and it’s not just because of the hefty pay packets of the lawyers. From the executive suite to the postal room, firms are dipping into their cash piles to raise wages for business service professionals (BSPs). How that cash is being dished out, however, reveals the social divisions that characterise the […]
Move over, Leeds. Birmingham’s overtaken you
For growth potential, firms are looking to the Midlands
You’re making your clients miserable
Junior lawyers might think it’s a haven away from the billable hour tyranny, but new research suggests that the in-house legal sector has reached peak crisis mode. The rising complexity of workloads, combined with deepening budget cuts and mis-matched legal resources, means burnout is now a set feature of working life for many senior in-house […]
Debevoise’s City revenue drops as global income stays flat
Revenue fell by 5.5 per cent at Debevoise & Plimpton’s London office last year, from $173m to $163.3m. Average revenue per partner in London was also down, by 16 per cent to $7.4m, while average revenue per lawyer in the City fell by 12.2 per cent to $1.3m. Globally, Debevoise narrowly avoided posting a drop […]
Kirkland expands ESG group with DLA Piper hire
Kirkland & Ellis has hired a partner in its ESG and impact practice group in London from DLA Piper. Rhys Davies previously served as DLA’s international sustainability and ESG lead. He spent 16 years at the firm and was given the nod to partner in 2017, while he was still in Perth, Australia. He relocated […]
Firms line up to advise on UBS’s takeover of Credit Suisse
Cleary Gottlieb Steen & Hamilton and Homburger are among the firms to have landed roles on the historic tie-up of Swiss banks UBS and Credit Suisse. The merger comes after the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority, which intervened last week. It […]
Close Brothers sets up in-house litigation team
Merchant bank Close Brothers is to establish an in-house litigation team. The bank has set up a small litigation group led by head of bank legal, litigation, Jessica Wicker. It is understood that the group has been put together as the team works in a more structured and consistent way in relation to litigation. Wicker […]
Lawyers left in limbo as MJ Hudson leaves legal arm behind
Uncertainty looms for lawyers at MJ Hudson as the legal arm will not be included in the sale of the firm to a private investor, The Lawyer can confirm. Tower Gate Capital, a subsidiary of MJ Hudson, has agreed to sell its UK fund management business to a private investor via special purpose acquisition vehicle Khepri. […]
City talk: Banking lawyers can breathe a short sigh of relief
It’s been a hectic week for banking and finance lawyers, as clients swarmed for advice following the collapse of Silicon Valley Bank (SVB). Lawyers needed to act quickly and calm their clients after a rise in interest rates pushed SVB to the brink, with banking giant Credit Suisse going on to receive a capital injection […]
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