As firms grapple with the advantages – and risks – associated with ChatGPT, Dentons has developed its own version of the product that it will launch later this month. Called “fleetAI”, the chatbot is based on OpenAI’s GPT-4 large language model. It has been developed with Microsoft to ensure that data uploaded to the service […]
Deloitte is targeting growth outside of London, and it’s prepared to pay for it
The Solicitors Regulation Authority (SRA) has suspended the managing partner and two other partners at Ince’s new owner, Axiom DWFM, over failure to comply with account rules. Managing partner Pragnesh Modhwadia and fellow partners Shyam Mistry and Idnan Liaqat have been suspended, with further allegations that Modhwadia has misappropriated “very significant sums of money”. A […]
In July, The Lawyer started its analysis of the third group in its Practice Analysis offering – real estate. The report for July looks at the UK real estate practices of more than 180 firms, ranks them by the size of their real estate team and provides important efficiency measures such as revenue per lawyer […]
The new episode of The Lawyer Podcast is out now!
Across the UK and Europe, new types of litigation are booming – and the money is pumping in.
On this episode of The Lawyer Podcast, editor Catrin Griffiths, litigation editor Christian Smith and international editor Alex Taylor sit down to debate what the future holds for the once maligned practice area, and whether litigators are proving themselves more creative than their transactional colleagues.
Linklaters is retaining 46 of its 59 qualifying trainees for this autumn round, posting a retention rate of 78 per cent. No qualifiers will be kept on fixed-term contracts (FTC) unlike the previous round this year where one was offered an FTC. Eleven of the qualifiers were also part of the cohort transferred over from […]
Hogan Lovells and Pinsent Masons have scored roles on a deal that will see NatWest purchase nearly £2.5bn worth of Metro Bank’s residential mortgage portfolio. The two firms are the latest to get involved in recent transactional efforts made by Metro Bank to bolster its finances and manage potential risks to its clients and shareholders. […]
Listed firm Knights has acquired the West Midlands firm Thursfields in a deal worth £12.5m as it aims to enter another period of rapid growth. Knights has been a prolific acquirer of mid-market law firms over the past decade, with Langleys (£17.7m), Shulmans (£17.6m), Keebles (£12.6m), ASB (£12.5m) and Coffin Mew (£11.3m) among its most […]
Millions of people around the world will tune in to the opening ceremony of the Summer Olympics in Paris this evening. With both the Olympics and Paralympics set to dominate headlines over the coming weeks, we climb to the top of the 10-meter platform for a deep dive into one of the firms that specialises […]
BDB Pitmans is throwing its entire weight into finding mid-market US firms to join its soon-to-be-launched international network, Broadfield. The Lawyer understands there is space in the proposed network for multiple US firms with BDB Pitmans managing partner John Hutchinson describing the UK and US as “starting points” for its grand plan. The firm announced […]
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
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
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.
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.
This report includes: analysis of partner promotions at the UK Top 50 firms since 2020 insight into regional promotion trends a look at the progress towards gender parity in partner promotions data on the practice areas experiencing the highest number of promotions.
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This summer has seen two sizeable acquisitions in Paris by major international firms of smaller boutique practices. First, Paul Hastings bolstered its white collar team with the incorporation of Antonin Lévy & Associés. The move brought three partners and nine associates into the US firm’s fold, upgrading its offering as a key Paris practice. Then […]
Few UK start-up firms have experienced the same meteoric rise as Knights. Its position as a mid-tier disruptor and consolidator has been largely unchallenged, helping it to lift revenue by a market-topping 185 per cent over the last five years. With so many sub £50m firms contending with the twin issues of a cashflow crunch […]
How did your firm fare in salary review season? For associates at Freshfields, their firm can claim the early-mover advantage prize after announcing a bold NQ salary jump to £150,000. But its moment was short-lived. Within a week, Quinn had upped its junior lawyer pay from £152,000 to £180,000. If there was an award for […]
Mid-market firms have been forced to re-evaluate their hiring strategies in the face of greater competition for partners. With lawyers more likely than ever before to switch firms, these firms have to move fast to secure the right talent, and one handy way to achieve that is to recruit from outside the partnership. Where first-time […]
Does anyone need any confirmation of the gradual takeover of the City by rampaging US law firms? No, thought not. If, however, your answer is yes, then more evidence of the Americanisation of London can be found in the upcoming edition of the UK Corporate 50. Much of the focus in this year’s report is […]
British healthcare company PZ Cussons has lost its general counsel to tobacco business Imperial Brands. Kevin Massie is making the move to the owner of the Lambert & Butler, Rizla and Golden Virginia brands after four years of leading the legal, governance and compliance function. In a LinkedIn post, he wrote: “I will soon be […]
One year after GenAI tools have revolutionised the way we think about AI and how the legal sector operates, we delve into how legal AI tools are addressing client challenges and explore the industry’s response to AI-related concerns. Join this webinar to hear the panel discuss: • What impact has GenAI had on the legal […]
TLT’s transition into national firm territory has been solidified after the firm posted a 12 per cent revenue rise from £157m to £174m. It has been a year of expansion for TLT, with the firm moving into Birmingham for the first time after taking a team of 10 from Shoosmiths. That group hire has helped […]
Slaughter and May’s head of legal operations is set to depart the firm after 19 years. Jane Stewart has been with Slaughters her entire career, spanning numerous roles. She joined the firm in 2005 as a trainee solicitor, qualifying into the corporate finance team as an associate in 2007. After spending nearly 10 years as […]
Dentons has elected a successor to global boss Elliott Portnoy, hiring its next leader from Big Four giant EY. A former global vice chair of EY, Kate Barton joins Dentons as its next global CEO. She will replace Portnoy, who stands down in November after 11 years. Dentons kickstarted the CEO search last December, stressing […]