The latest mergers in Scotland will be followed by more soon enough
The Lawyer’s first Regional Powerhouse Ranking shows the strength of the UK’s legal market outside London
A period of radical change has descended on the profession, with firms contending with a raft of organisational challenges. Major tax reforms are underway for the 2023/24 year, with many firms expected to issue cash calls to satisfy the income tax bills from HM Revenue & Customs. But this one-off hit is little compared with […]
How many people does it take to keep lawyers honest? For the Solicitors Regulation Authority (SRA) the answer is 646. That’s how many people were employed by the body that regulates solicitors across England and Wales as of October 2022, with headcount having grown by nearly 50 since 2018. In turn, those 646 members of […]
The reimagining of the office is a hallmark of the post-pandemic era. In 2022, law firms took 1.5m sq ft of space in London, a new record, according to Knight Frank. And this isn’t a phenomenon confined to the capital: from Glasgow to Plymouth, law firms are leading the climate-friendly office revolution. The upcoming The […]
Watson Farley & Williams has reduced energy usage in its London office by 24 per cent as the firm gears up for an external audit by the British Standards Institute (BSI) towards the end of the year. The firm was aided by an internationally recognised environmental management system (EMS) that helps a business complete 23 […]
Lengthy discussions over Arm’s multibillion-dollar listing proved fruitful for its advisers as the legal fees wracked up ahead of its Nasdaq float. Since Arm’s parent company SoftBank announced in February 2022 that plans to sell to NVIDIA had fallen through, all eyes were on Arm to complete its IPO now valued at $54.5bn (£44bn). For the […]
Boodle Hatfield has joined a raft of firms that have confirmed they will be switching their financial year-end to 31 March due to HMRC’s new tax rules, joining Mishcon de Reya, Macfarlanes, Burness Paul and Weightmans. The new rules will cause administrative headaches for finance teams as they enable HMRC to tax a business’ profits in the […]
Three years after pledging to reward a panel firm for its diversity efforts, BT has made good on its promise and automatically reappointed one of its advisers. BT Group has crowned Addleshaw Goddard as having the best diversity and inclusion (D&I) track record among its existing legal panel, which automatically wins the firm a spot […]
Magic circle firm Allen & Overy is mulling a sale of its legal risk management division prior to its merger with Shearman & Sterling. Aosphere is part of A&O’s advanced delivery and solutions offering, which also includes A&O consulting and flexi-lawyer business Peerpoint. Divisions performed well over the last financial year, with revenue across this […]
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