How does the magic circle compare when assessing measures of efficiency such as revenue per lawyer, revenue per partner, associate leverage and churn rate? The Lawyer’s new Practice Analysis service delves deeper.
This story has been updated from its original version after an error in the court filing system, upon which this story was based, was brought to our attention. Lexlaw Solicitors and Advocates is not suing Knights itself as originally reported. Rather, it is acting for one of the parties suing Knights, Gary and Deborah Eden. […]
Firms in the UK are starting to drop the hybrid working model, reverting to full-time office attendance. The Lawyer understands that Winn Solicitors has mandated that its employees be in the office five days per week, which was the policy before the Covid-19 pandemic. Based in Newcastle, Winn Solicitors brought everyone back into the office full-time […]
Axiom Ince has filed a preservation order and freezing injunction against its former managing partner. Axiom’s former managing partner, Pragnesh Modhwadia, along with partners Shyam Mistry and Idnan Liaqat, were suspended from the firm earlier this month by the Solicitors Regulation Authority (SRA). The SRA ruled that the trio failed to comply with account rules, […]
How does the magic circle compare when assessing measures of efficiency such as revenue per lawyer, revenue per partner, associate leverage and churn rate? The Lawyer’s new Practice Analysis service delves deeper.
This story has been updated from its original version after an error in the court filing system, upon which this story was based, was brought to our attention. Lexlaw Solicitors and Advocates is not suing Knights itself as originally reported. Rather, it is acting for one of the parties suing Knights, Gary and Deborah Eden. […]
Firms in the UK are starting to drop the hybrid working model, reverting to full-time office attendance. The Lawyer understands that Winn Solicitors has mandated that its employees be in the office five days per week, which was the policy before the Covid-19 pandemic. Based in Newcastle, Winn Solicitors brought everyone back into the office full-time […]
Axiom Ince has filed a preservation order and freezing injunction against its former managing partner. Axiom’s former managing partner, Pragnesh Modhwadia, along with partners Shyam Mistry and Idnan Liaqat, were suspended from the firm earlier this month by the Solicitors Regulation Authority (SRA). The SRA ruled that the trio failed to comply with account rules, […]
A suspended partner from Axiom Ince has filed a lawsuit against the Solicitors Regulation Authority (SRA) and its intervention agent, Gordons. Shyam Mistry was one of three partners who was suspended from Axiom Ince earlier this month as he was accused of failing “to comply with the rules made under sections 31 and 32” of […]
We’re all watching eagerly for the changes coming at Allen & Overy on 1 May as its merger with Shearman & Sterling finally goes live. But Addleshaws has its own significant change that day. Next Wednesday, Andrew Johnston will officially kick off his tenure as managing partner with longstanding incumbent John Joyce stepping aside. Addleshaws […]
There’s no doubt that firms are using non-UK growth to power their global figures. Of the 35 Top 50 firms for which The Lawyer has historical global revenue data, all but four saw higher growth outside the UK in the five years since 2019. Included in this group is Herbert Smith Freehillls (HSF), where London remains […]
Which law firms are private equity houses looking to invest in? The answer, if the conversations we’re having with managing partners are anything to go by, is ‘pretty much all of them’. Most regional firms of note have had speculative approaches at some time in the last five years or so, as private equity gradually […]
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, […]
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 […]
The Court of Appeal has overturned a ruling made against Saudi businessman Sheikh Mohamed Bin Issa Al Jaber, in a claim brought by the liquidators of one of the Sheikh’s former companies, MBI International & Partners. Mishcon de Reya represented the Sheikh in the appeal, which was brought on the basis that Mrs Justice Smith […]
The High Court has ordered that the jurisdiction challenge in the $13.8bn dispute brought by jailed Russian businessman Ziyavudin Magomedov be heard this Autumn following a successful expedition application brought by the claimants. In December 2022, Magomedov was sentenced to 19 years in jail for embezzlement alongside his brother, having already spent more than four years […]
US firms Kirkland & Ellis and Latham & Watkins are leading on another US private equity acquisition of a London-listed company. This morning it was announced that US private equity firm Thoma Bravo has reached an agreement for Bidco to acquire leading UK-based cybersecurity company Darktrace. Darktrace is listed on the London Stock Exchange and will be […]
HSBC has prevailed in the £240m claim against it, which alleged deceit, conspiracy and joint tort-feasance against the banking giant. The case was listed as one of The Lawyer’s Top 20 Cases of 2024 and saw HSBC instruct Norton Rose Fulbright to defend two jointly managed actions being pursued by Edwin Coe and Stewarts on behalf of […]
Today’s savvy General Counsel (GCs) are facing a raft of challenges posed by tech, resourcing, and budget constraints, with in-house teams stretched beyond capacity. While some challenges offer opportunities for GCs to change their organisation’s approach – for example resourcing – how can GCs justify investment in their function when budgets are being slashed? […]
