The long read: Plenty of firms wanted a 2020 Vision, but did they stick to it?
The world and everything in it is going through a period of unprecedented change, which means it has never been more difficult to devise a five-year strategy. For firms nearing the end of their 2020 vision, how did they fare?
Slaughter and May, DWF and CMS Cameron McKenna Nabarro Olswang are acting on Countrywide’s £38m sale of its commercial property business, a year after it called on shareholders to raise fresh funds to cut its debt. The crisis-hit estate agency group has sold Lambert Smith Hampton to Monaco-based property developer John Bengt Moeller. Milton Keynes-based […]
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to offer NQs £100,000 in London back in 2010, it seemed a shockingly […]
A hearing date has been scheduled in a case brought against Raymond McKeeve by Ocado, with the Jones Day partner looking to defend allegations that he ordered for the destruction of documents. With Mishcon de Reya on call for the claimants and Foot Anstey acting for McKeeve, an initial one-day application hearing to consider allegations […]
Lloyds Banking Group has appointed the Phoenix Group’s former legal director as its new head of legal for corporate and M&A. The Lawyer Hot 100 2017 Phil Hagan, who led the FTSE 100 Phoenix Group’s legal team for over ten years, has moved to Lloyds to act as interim head of legal for corporate and […]
Partners at Eversheds Sutherland are considering a cut in monthly drawings in order to protect the firm from the economic fallout of Covid-19. The cuts are part of a number of measures that the firm announced today (8 April 2020) to safeguard the non-US side of its business. Eversheds stated that partners have expressed their […]
Bryan Cave Leighton Paisner (BCLP) is to make pay cuts over the coming months, as it faces the financial consequences stemming out of the Covid-19 crisis. The firm will defer the payment of certain portions of planned partner distributions and is making a 15 per cent salary reduction for its staff across the international network […]
Linklaters has decided not to pay the next quarter’s distribution of profits to partners, which had been scheduled to take place in June. The decision reflects similar moves taken by Freshfields Bruckhaus Deringer, which this week confirmed it too would not be dishing out profits to partners for Q4. As well as this, Linklaters will […]
Hogan Lovells has refreshed its global leadership team on the back of its CEO elections last year, with London office head Susan Bright set to take on a new role at the firm. Antitrust partner Bright was elected to the London office role in 2013, but will take on a new role as global managing […]
The Solicitors Disciplinary Tribunal has decided that the SRA’s case against Baker McKenzie and former partner Gary Senior will be heard remotely on April 27. The case was adjourned in November 2019, after nine days because former HR director Martin Blackburn, who was also referred to the tribunal by the SRA, was unable to appear […]
Taylor Wessing has put in place a series of measures to weather the Covid-19 health crisis and its financial fallout. The firm has decided to withhold distribution of profits to its partners, also choosing to sign onto the UK Government’s furlough scheme. It is understood that the firm is furloughing at least 20 people, both […]