How have firms in the second half of The Lawyer UK Top 100 fared since the recession hit many of them so hard a decade ago? In this feature, the data shows which firms are the winners and losers in the mid-tier.
One of my biggest bugbears is the prediction that the City mid-tier is doomed. That opinion is simply not rooted in evidence; these firms with revenues in the £100m-£250m band constitute a perfectly healthy and unconsolidated market. Rather, the problems lie elsewhere. The Lawyer UK 200 data shows that the most vulnerable group of firms […]
Capsticks has poached a five-partner team from DAC Beachcroft’s health practice in Leeds, with the planning to join the firm in 2014. Partners Ian Cooper, Rachael Heenan, Robert McGough, Ron Simms and Claire Reynolds have all resigned – a notable exit from the biggest health practice of any UK law firm. Heenan is the firm’s national […]
A Freshfields Bruckhaus Deringer partner will face the Solicitors Disciplinary Tribunal this October, after his application to dismiss allegations of misconduct were thrown out. The decision means that the case against restructuring partner Ryan Beckwith will now be heard for 10 days later this year, with evidence from the complainant lasting for three days. A […]
The HM Treasury has settled a £1.25bn damages suit brought against it by an Iranian Bank over sanctions imposed by the UK Government in 2009 because of alleged links to Iran’s nuclear programme. The sanctions imposed on Zailwalla & Co’s clients, Bank Mellat, prevented it doing business within the UK financial sector. The two parties have […]
Stephenson Harwood has managed to push up its average profit per equity partner (PEP) in the latest financial year, reporting a rise of 9 per cent after a two year slump. The firm’s PEP has reached £727,000 for the financial year 2018/19, having dropped below £700,000 in 2017/18. Despite surpassing £700,000, the latest PEP doesn’t […]
The Solicitors Regulatory Authority (SRA) has been accused of “contaminating” evidence as Freshfields Bruckhaus Deringer partner Ryan Beckwith attempts to get his sexual misconduct hearing dismissed. Beckwith appeared in front of the Solicitors Disciplinary Tribunal in April over allegations of non-consensual sex after a firm event. Two, as yet unproven, allegations were brought against him. […]
Following a spate of acquisitions, NewLaw business Elevate has secured further private equity investment amid aspirations to list in the UK over the coming years. The $25m investment comes from Kayne Partners, taking the amount of capital it has so far deployed to almost $60m. Last April the Los Angeles-based legal services business secured a […]