Welcome to this week’s edition of The Hearing, your insider’s guide to the UK litigation market. This week, we break down a brutal costs decision, bring you another example of just how big competition litigation is now, and tell you which judgment of the year’s biggest cases is expected as soon as today. A costs […]
As US firms pile in to report their 2023 financials, Cooley has announced its London office turnover rose to over $100m last year. The firm increased its City revenue by 8 per cent to $103.1m, having fallen to $95.2m the prior year. This isn’t the first time the firm has generated over $100m in London. […]
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 […]
Kirkland & Ellis is poised to hire a financial restructuring duo from German firm Gleiss Lutz, following its launch in Frankfurt this month. Partner Christian Halàsz and counsel Friedrich Schlott, from Frankfurt and Düsseldorf respectively, are understood to be set to join Kirkland. Earlier in the month, the firm hit Latham & Watkins for key […]
Slaughter and May and Travers Smith are leading on Legal & General’s sale of its UK housebuilder, Cala Homes. Slaughters is leading for longstanding client L&G as it sells Cala to to Ferguson Bidco, a joint venture between Sixth Street Partners and Patron Capital. Slaughters corporate partner Victoria MacDuff is at the helm of the […]
Cahill Gordon & Reindel has added a new partner to its ranks in London, following a number of exits from its finance practice over the year. Cahill has hired Andrew Kelly as a partner, a former Clifford Chance member. He joins its banking and capital markets practice, working on high yield matters, acquisition financings, recapitalisations […]
Greenberg Traurig is leading for Harland & Wolff, the company famous for building the Titanic, as it looks set to appoint administrators. Harland & Wolff posted a notice of intention to appoint an administrator yesterday. Greenberg’s team is led by corporate partner Shashank Krishna, co-vice chair of the restructuring group John Houghton and corporate partner […]
In a bid to expand its intellectual property practice, Addleshaw Goddard is adding five lawyers to its ranks from a specialist City firm. Stobbs’ head of litigation Geoff Steward is joining Addleshaws, along with four lawyers. Steward has worked at Stobbs for nearly six years, and played a key role in developing the firm’s IP […]
Having introduced a firmwide bonus for the first time two years ago, Shoosmiths is now contemplating whether to develop an individual reward scheme for its lawyers. The firmwide bonus, set up in August 2022, recognises all firm employees (excluding partners). It set out to pay staff between 5 to 7 per cent of their basic salary […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
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.
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Eversheds partners aren’t really in the business of throwing curveballs. This week, partners in the International LLP – that’s everything outside the US – cemented Keith Froud as Lee Ranson’s chief executive successor in an uncontested election. We’d have stopped taking bets on this one years ago, you could see it coming a mile off. […]
The Higher Education sector is in big trouble. As we reported last month, universities are struggling to fill places on their undergraduate courses – not least for law degrees. Many are in financial distress. Tuition fees for home students have been capped at £9,250 since 2017 and are falling well behind what is profitable, but […]
Associate retention is one of the biggest bugbears for law firm leaders, as competitive salaries and the promise of greater opportunities lure rising stars away. Added to this, a firm’s biggest cost is its people, but that didn’t stop Freshfields last year pledging to up its trainee intake from 90 to 100 from 2025. Should […]
Of the UK Top 50 firms, just 16 have no overseas offices, and of the remaining 34, more than half (19) were bigger outside the UK last year. Internationalisation is a hallmark of a Top 50 firm, but for many it is the UK that keeps the investment pipelines pumped. For firms with international offices, […]
The upcoming UK200 has welcomed its sixth employee ownership trust (EOT) member. Altrincham’s Myerson Solicitors joins Yorkshire’s Ison Harrison and the West Midlands’ Talbots Law in embracing employee ownership, having converted from a limited liability partnership (LLP) to a 100 per cent employee-owned company last week. The EOT model allows all employees to take a […]
Slaughter and May and Travers Smith are leading on Legal & General’s sale of its UK housebuilder, Cala Homes. Slaughters is leading for longstanding client L&G as it sells Cala to to Ferguson Bidco, a joint venture between Sixth Street Partners and Patron Capital. Slaughters corporate partner Victoria MacDuff is at the helm of the […]
Cahill Gordon & Reindel has added a new partner to its ranks in London, following a number of exits from its finance practice over the year. Cahill has hired Andrew Kelly as a partner, a former Clifford Chance member. He joins its banking and capital markets practice, working on high yield matters, acquisition financings, recapitalisations […]
Greenberg Traurig is leading for Harland & Wolff, the company famous for building the Titanic, as it looks set to appoint administrators. Harland & Wolff posted a notice of intention to appoint an administrator yesterday. Greenberg’s team is led by corporate partner Shashank Krishna, co-vice chair of the restructuring group John Houghton and corporate partner […]
In a bid to expand its intellectual property practice, Addleshaw Goddard is adding five lawyers to its ranks from a specialist City firm. Stobbs’ head of litigation Geoff Steward is joining Addleshaws, along with four lawyers. Steward has worked at Stobbs for nearly six years, and played a key role in developing the firm’s IP […]
Having introduced a firmwide bonus for the first time two years ago, Shoosmiths is now contemplating whether to develop an individual reward scheme for its lawyers. The firmwide bonus, set up in August 2022, recognises all firm employees (excluding partners). It set out to pay staff between 5 to 7 per cent of their basic salary […]