2019/20 financial results live blog: the latest news
Which firms have reported so far?
Stewarts and K&S clash over millions worth of unpaid costs in Kazakh dispute
Judgment may have been handed down months ago in the case of National Bank of Kazakhstan v The Bank of New York Mellon & Ors, but Stewarts and King & Spalding remain locked in a bitter tussle over £3m worth of costs. Stewarts alleges that King & Spalding’s clients, which includes Moldovan businessman Anatolie Stati […]
Debevoise posts record financials as City revenue hits $170m
Debevoise & Plimpton has joined the growing roster of US firms posting double-digit rises in revenue for the 2020 financial year, with the New York-headquartered business reporting an increase in turnover of 17 per cent to $1.22bn. Firmwide average profit per equity partner (PEP) is also up significantly, by 23 per cent to $4.55m. This […]
Revealed: UK Government’s legal fees mount amid Covid-19 crisis
The Government Legal Department (GLD) spent almost £20m on external law firms and counsel in the second half of the year, The Lawyer can reveal. In a Freedom of Information request, the GLD confirmed that it spent £17.02m on legal spend between May 2020 and December 2020, with a large proportion of its legal spending […]
Walker Morris revamps flexible working policy after staff survey
Capital Markets Update – March 2021
ICSA and IA respond to corporate reporting consultation.
Uber’s drivers are ‘workers’
Employment status cases back in the spotlight.
Planning relaxations for commercial property
The first of these changes came into force on 1 September 2020 in The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020. The Use Classes Amendment effectively re-categorises commercial property into one single use class. Simultaneously with the Use Classes Amendment, The Town and Country Planning (General Permitted Development) (England) (Amendment) (No. 3) […]
Coronavirus and commercial leases: What landlords and tenants need to know
As the UK continues to tackle the challenges caused by the spread of Coronavirus/COVID-19, Walker Morris continue to receive a number of enquiries from landlord and tenant clients as to how this may affect their property arrangements and obligations.
Industrial Energy Transformation Fund
On 7 February 2021 the government announced £40 million in funding for businesses to help the hard to decarbonise industrial sectors reduce emissions and improve energy efficiency.
2019/20 financial results live blog: the latest news
Which firms have reported so far?
Stewarts and K&S clash over millions worth of unpaid costs in Kazakh dispute
Judgment may have been handed down months ago in the case of National Bank of Kazakhstan v The Bank of New York Mellon & Ors, but Stewarts and King & Spalding remain locked in a bitter tussle over £3m worth of costs. Stewarts alleges that King & Spalding’s clients, which includes Moldovan businessman Anatolie Stati […]
Debevoise posts record financials as City revenue hits $170m
Debevoise & Plimpton has joined the growing roster of US firms posting double-digit rises in revenue for the 2020 financial year, with the New York-headquartered business reporting an increase in turnover of 17 per cent to $1.22bn. Firmwide average profit per equity partner (PEP) is also up significantly, by 23 per cent to $4.55m. This […]
Revealed: UK Government’s legal fees mount amid Covid-19 crisis
The Government Legal Department (GLD) spent almost £20m on external law firms and counsel in the second half of the year, The Lawyer can reveal. In a Freedom of Information request, the GLD confirmed that it spent £17.02m on legal spend between May 2020 and December 2020, with a large proportion of its legal spending […]
Magic circle scrap conference plans as lockdown drags on
Linklaters and Clifford Chance have reached decisions on their upcoming partnership conferences, as the protracted disruption brought by new lockdowns forced them to once again alter plans. Linklaters has scrapped plans to hold its partnership conference in person. The magic circle firm was meant to host an event in a Berlin hotel, benefitting from the […]
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Working to live, not living to work: it’s an easy sell
The demographics of the legal market are in flux with Covid 19 creating the conditions for a generational shift in working patterns.
A&O’s accidental LA office
With the arrival of the Akin Gump team, A&O’s US bench has doubled at a stroke.
Hausfeld loves a bit of competition
Calls for reform of the CMA will be music to the ears of claimant litigators.
Latham is taking both more and less space in London
If Latham’s growth rate continues unabated, its future home could end up offering proportionately less space per staff member.
£30m isn’t enough to get you into the Premier League
DMH Stallard has reached critical mass size – but it now has more work to do to secure its future.
Meghan Markle’s opponents have a busy year
Fans of celebrity showdowns will be denied their thrills this year following the Duchess of Sussex’s successful application for summary judgment against Associated Newspapers, but the Daily Mail’s favourite law firm still has a full pipeline for 2021. Over the last few years RPC partner Keith Mathieson has also fastened his grip on defence work […]
Bevan Brittan hands out all-staff pay rise and ‘thank-you bonus’
Bevan Brittan has handed out a 3 per cent pay rise to all its employees alongside an additional 3 per cent ‘thank-you bonus’ to be applied to the last six months and paid now. The firm had previously postponed its September 2020 annual pay review due to uncertain economic conditions caused by the Covid-19 pandemic. […]
Ropes adds funds partner in second hire this week
Ropes & Gray has added a new partner to its funds team, in the same week it also launched a European life sciences group with a recruit from Arnold & Porter. Emily Brown is the latest funds joiner from Schulte Roth & Zabel. She has been at Schulte’s London office for over two years and […]
Linklaters rethinks secretarial work with new allocation method
Linklaters has rolled out a platform to change the way its secretarial function operates in light of new working practices introduced during the pandemic. The magic circle firm has bought a third-party platform, called Service Now, to ensure better work allocation across its secretarial pool. With the prospect of a hybrid model split between remote […]
Covington’s London revenue jumps by 12 per cent
Covington & Burling’s London revenue increased by 12 per cent last year, as global turnover also saw double-digit growth. This is after the firm’s City growth was static in 2019, decreasing by 0.1 per cent. In 2020, the firm’s revenue in its London offering leapt to $113.6m from $101.2m. In 2015, the firm’s London turnover […]
Reed Smith and A&O lead on New Scientist sale
Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]
Simmons approves long-term remote working plan
Simmons & Simmons has introduced a long-term working policy inspired by the changes brought about by the pandemic. The firm will introduce a hybrid working system that allows employees to work up to two to three days per week from home when restrictions are lifted, as agreed with line managers. Over the coming months, country […]
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