Trainee recruitment has come a long way from the days when Mishcon partner and Hot 100 2024 member Adam Rose got asked at interview if he “was the sort of chap who would train and then run off to Israel”. Thankfully, it is a long time since being the right sort of chap rather than […]
If evidence were required that legacy Lovells has not been wholly consumed after almost 14 years of marriage with its US partner Hogan & Hartson, then last week’s news of a significant investment into its Italian team is the place to look. In total, 23 lawyers left Orrick, led by finance partner and European head […]
Utilising debt to finance growth is an uneasy concept for the legal profession. The booming cash reserves of the last year have done little to assuage this; lawyers would prefer firms use that money to make investments rather than take it from a lender. Bucking the trend here is a Top 30 duo that has […]
Appetite for generative AI tools that manage menial, yet important, tasks has risen rapidly, with new data showing that adoption rates have doubled in the last six months. But it isn’t just private practice lawyers who are embracing the latest tech explosion, clients are too. There’s no denying that, while appetite is high, law still […]
Last week’s The Lawyer Podcast was a good’un, eh? Lofty metaphors about the flapping wings of a butterfly, searing insights contrasting London with New York, and explosive statistics about how seriously the European firms are taking London. Give it a listen, and you’ll hear how European law firms are sensing a moment to pounce on opportunity […]
CMS’s German arm is facing heavy criticism from a cross-section of its associates after new pay structures were announced, freezing salaries at the firm for all but first and second year associates. The associates’ complaints, published in German title Juve, outline deep discontent among the firm’s junior ranks after salary increases were announced for its […]
Generative AI will have transformative implications for the legal sector. As the capability of the technology increases, questions inevitably arise including the impact on the lawyer-client experience, disruption to the law firm business model, and others. What will be the biggest change? Empowering more work to be done by individual lawyers? A shift in the […]
The English Court has ordered Russian state-controlled pipeline operator Transneft to drop its case in Moscow that sought to prevent jailed businessman Ziyavudin Magomedov from bringing a $13.8bn claim in England against 22 defendants. In December 2022, Magomedov was sentenced to 19 years in jail for embezzlement alongside his brother, having already spent more than four […]
A structured finance team is moving to Allen & Overy, soon to be A&O Shearman, from Milbank’s London office. Partner John Goldfinch is leading the move to the magic circle firm. He focuses on CLOs and related markets, with his arrival expanding A&O’s capabilities in acting for private capital clients. He will be joined by […]
Latham & Watkins and Cleary Gottlieb Steen & Hamilton were called on by legacy client Whirlpool Corporation to handle a year-long transaction and CMA investigation on the company’s combination with Turkish appliance business Arçelik. After the deal’s announcement in January 2023, a merger inquiry was launched by the CMA to review potential competition concerns. Following […]
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