Taylor Wessing rules out merger talk as firm seals West Coast alliance
Furthering its reach on the West Coast, Taylor Wessing has entered into a non-exclusive joint relationship with California’s Wilson Sonsini.
Taylor Wessing top earner made £1.2m in double-digit growth year
Taylor Wessing has posted an 11 per cent increase in turnover, taking it from £128m to £143m, according to its LLP accounts for the year 2017/18. Net profit also grew, from £47.8m to £55.7m, with the firm’s highest earner netting more than £1.2m in the last financial year. Headcount slightly decreased to 563, with a drop […]
Taylor Wessing kickstarts consultation for business services staff
Over 30 business services roles could be at risk at Taylor Wessing, after the firm outlined plans to shift work from the City to its new Liverpool base. The firm will enter a collective consultation on February 5, which is expected to last for 30 days. This follows a review of the business services functions last autumn […]
Taylor Wessing’s former chief lands new management role
Taylor Wessing’s former managing partner Tim Eyles has joined consulting group Parker Fitzgerald as its chairman, marking his first official role since leaving the law. As part of his role, Eyles will be tasked with overseeing the international growth strategy and financial performance of the consulting group, tapping into his longtime leadership experience in the legal […]
Taylor Wessing in board shake-up as operations chief leaves
Paul Weiss and Kirkland win roles on General Atlantic’s software bid
Paul Weiss Rifkind Wharton & Garrison is acting for General Atlantic on its bid to acquire 100 per cent of French software company Esker. The Paul Weiss team is led by partners William Aitken-Davies and Dan Schuster-Woldan and associate Richard Bach. They were supported by French firm Bredin Prat. Aitken-Davies and Schuster-Woldan are recent joiners […]
Paul Weiss vac schemers to get 50 per cent pay upfront
Paul Weiss Rifkind Wharton & Garrison has unveiled a number of perks for aspiring solicitors in its inaugural internship programme, including half of their pay upfront and money for work attire. Paul Weiss has launched its bi-annual two-week work experience scheme, which will be based in its Soho office commencing next year. A total of […]
Slaughters to ditch water feature – and the spare socks for visitors
In a blow to Noughties trophy office design, Slaughter and May is to remove its iconic water feature from its London HQ reception. The Lawyer first reported last year that the fate of Slaughters’ water feature hung in the balance amid refurbishment works set to take place across the building. This followed its decision to […]
The Lawyer Podcast: Is the A&O Shearman honeymoon over?
Last week, A&O Shearman set out post-merger plans to close its legacy Allen & Overy base in Johannesburg, reduce its partnership by 10 per cent by the end of the financial year, and sell its consultancy business Consulting by A&O Shearman. So, is this a sign of things already going wrong, or is this all […]
Revealed: Hogan Lovells’ Warsaw profits plunged in year before closure
As Hogan Lovells prepares to close three of its global offices, figures obtained by The Lawyer show that profits generated by the affected Warsaw base halved in 2023. Earlier this month, the firm announced it would close offices in Johannesburg, Sydney and Warsaw. The firm’s Warsaw office is the larger of the three, home to […]
UK Corporate 50 2024
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
3VB AND TWENTY ESSEX: HOT ON THE HEELS OF THE MAGIC CIRCLE
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
The European 100’s newest managing partners
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
Litigation Tracker: Q2 2024 (Claims)
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
Litigation Tracker: Q2 2024 (Judgments)
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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US firms have pushed NQ salaries to boiling point
Newly-qualified (NQ) lawyers have seen salary levels soar over the last decade. In 2014, a fresh-faced Clifford Chance lawyer could earn £67,500; that figure reached £150,000 this summer. It is US firms that have inflated the pot with constant base raises that align London and New York operations. But the ripples spread outwards. When Quinn […]
Eversheds needs a radical streak
Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
Pinsent Masons and Mills & Reeve are cornering the university market
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Slaughters and Freshfields share a trainee strategy
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
HSF is leaning on London
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
Paul Weiss and Kirkland win roles on General Atlantic’s software bid
Paul Weiss Rifkind Wharton & Garrison is acting for General Atlantic on its bid to acquire 100 per cent of French software company Esker. The Paul Weiss team is led by partners William Aitken-Davies and Dan Schuster-Woldan and associate Richard Bach. They were supported by French firm Bredin Prat. Aitken-Davies and Schuster-Woldan are recent joiners […]
Paul Weiss vac schemers to get 50 per cent pay upfront
Paul Weiss Rifkind Wharton & Garrison has unveiled a number of perks for aspiring solicitors in its inaugural internship programme, including half of their pay upfront and money for work attire. Paul Weiss has launched its bi-annual two-week work experience scheme, which will be based in its Soho office commencing next year. A total of […]
Slaughters to ditch water feature – and the spare socks for visitors
In a blow to Noughties trophy office design, Slaughter and May is to remove its iconic water feature from its London HQ reception. The Lawyer first reported last year that the fate of Slaughters’ water feature hung in the balance amid refurbishment works set to take place across the building. This followed its decision to […]
The Lawyer Podcast: Is the A&O Shearman honeymoon over?
Last week, A&O Shearman set out post-merger plans to close its legacy Allen & Overy base in Johannesburg, reduce its partnership by 10 per cent by the end of the financial year, and sell its consultancy business Consulting by A&O Shearman. So, is this a sign of things already going wrong, or is this all […]
Revealed: Hogan Lovells’ Warsaw profits plunged in year before closure
As Hogan Lovells prepares to close three of its global offices, figures obtained by The Lawyer show that profits generated by the affected Warsaw base halved in 2023. Earlier this month, the firm announced it would close offices in Johannesburg, Sydney and Warsaw. The firm’s Warsaw office is the larger of the three, home to […]