Nobody has dared to declare their financial results – yet
Where are all the financial results? We’re a week into July and by now reporting season should be in full swing.
Covid-19 forces BLM to kick off redundancy consultation
BLM has entered redundancy negotiations as it seeks to stave off the financial threat posed by the Covid-19 crisis. Employees in the costs and business development and marketing teams are set to leave the firm, with approximately 20 roles being made redundant. So far, a total of 170 members of staff have been furloughed at […]
The deals that closed last week: New “Green” Milan and AI with Linklaters, Taylor Wessing and Paul Hastings
Every week of June a retailer has collapsed into administration, citing cash flow pressures exacerbated by Covid-19. The last week saw further collapses, including shirt maker TM Lewin and furniture store Harveys while Bensons for Beds was saved. Shoosmiths and Eversheds Sutherland picked up two mandates apiece; Shoosmiths led for the administrators on the TM Lewin […]
In-house interview: Crabtree & Evelyn GC Katie Power on the benefits of flexibility
The UK is being slow to shift from the traditional nine to five, but thanks to Katie Power, Crabtree & Evelyn is using flexible working to its advantage
Temperature checks and wasted office space: how the Bar is going back to the office
Nobody has dared to declare their financial results – yet
Where are all the financial results? We’re a week into July and by now reporting season should be in full swing.
Covid-19 forces BLM to kick off redundancy consultation
BLM has entered redundancy negotiations as it seeks to stave off the financial threat posed by the Covid-19 crisis. Employees in the costs and business development and marketing teams are set to leave the firm, with approximately 20 roles being made redundant. So far, a total of 170 members of staff have been furloughed at […]
The deals that closed last week: New “Green” Milan and AI with Linklaters, Taylor Wessing and Paul Hastings
Every week of June a retailer has collapsed into administration, citing cash flow pressures exacerbated by Covid-19. The last week saw further collapses, including shirt maker TM Lewin and furniture store Harveys while Bensons for Beds was saved. Shoosmiths and Eversheds Sutherland picked up two mandates apiece; Shoosmiths led for the administrators on the TM Lewin […]
In-house interview: Crabtree & Evelyn GC Katie Power on the benefits of flexibility
The UK is being slow to shift from the traditional nine to five, but thanks to Katie Power, Crabtree & Evelyn is using flexible working to its advantage
In court this week: JD Sports, horse racing and bankruptcy with Linklaters, K&L Gates and RPC
With the Competition Appeal Tribunal (CAT) back up and running, there is a remote case management conference taking place on Monday in the scrap between JD Sports Fashion and the Competition and Markets Authority, with Freshfields Bruckhaus Deringer and Linklaters both involved. The dispute concerns JD Sports’ application for review against a recent decision made […]
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 […]
Lucozade manufacturer hires new GC from Diageo
Commercial and corporate lawyer Ewa Chappell has joined Suntory Beverage and Food GB&I as the soft drink manufacturer’s new general counsel. Chappell joins from the spirits and beers company, Diageo. Over her seven years with the company, she had gone from junior counsel to legal counsel in areas including global procurement and demand, Europe partner […]
The Passport: The battle for Caverion intensifies and Frankfurt beckons
Welcome to The Passport: your regular guide to all the most important and meaningful developments in the European legal market. This week, we’ve a Finnish double-header as we look at how Roschier is taking inspiration from its founder to empower a new generation of leaders in law, the deal turning heads in Helsinki, Cuatrecasas’ trans-Atlantic […]
Mishcon unveils latest round of partner promotions
Mishcon de Reya has announced its partner promotions for 2023, with seven lawyers joining the firm’s partnership. The firm has made seven promotions to junior equity partner, while another has been made an equity partner in the firm. In 2021, Mishcon tweaked its structure, which saw a large group of legal directors promoted to the […]
Osborne Clarke fills COO role after seven-year gap
Osborne Clarke is broadening out its chief operating officer function, having appointed investment funds partner Tim Simmonds to the role earlier this year. Simmonds has been a partner at Osborne Clarke since 2011 and was previously at legacy Berwin Leighton Paisner. His appointment as COO followed the election of real estate partner Conrad Davies as […]
HogLov and Slaughters take lion’s share of UK Infrastructure Bank work
The UK Infrastructure Bank (UKIB) has expanded its pool of external legal advisers, with Slaughter and May and Hogan Lovells among its key law firms. Since the start of 2023, the Leeds-based bank has issued contract awards for legal services to Slaughters, Hogan Lovells, Addleshaw Goddard, Ashurst, Pinsent Masons, Mills & Reeve and DLA Piper. […]
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 […]
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