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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
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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A cheat sheet for your next dinner party
Criminal barristers deserve the full support of the profession
The end of the in-house mega-team
With internal teams shrinking, legal budgets are rising at a faster rate than in a decade
We’re a happy bunch, but cash is still king
The Simmons & Simmons happiness survey has shown that happiness isn’t all that
Four barristers the tabloids love and hate
The zeitgeist is playing out in defamation disputes, and 5RB are at the heart of it
Saudi, the pariah state we now love
It’s not been easy for Western firms to break into the Saudi market
The great British office strategy refurb
Demand for office space is booming in London
White & Case finance partner exits for Shearman
Shearman & Sterling is boosting its leveraged finance practice with a White & Case hire, its fourth new partner joiner of 2022. Shameer Shah makes the move, having spent almost nine years at White & Case. His main practice focuses on acquisition finance and special situations across private credit, investment banks and other financial institutions. […]
Slater & Gordon splits business in two after strategic review
Slater & Gordon has finalised part of a strategic review of its UK business, with discussions ongoing as to whether certain practices fit into its revised model. As a result of the review, the firm will split its business into two main departments named Essential Legal Services (ELS) and Specialist Legal Services (SLS). ELS will […]
Linklaters puts financial sponsors at core of revamped APAC strategy
Magic circle firm Linklaters is to put financial sponsors at the heart of its Asia-Pacific operation after a strategy refresh led by regional managing partner William Liu. As part of the strategy, Linklaters is aiming to increase revenue by 10 per cent each year as well as making commitments to flesh out what the firm […]
Sky Group hires new GC
Sky Group’s general counsel has left the business, leading to the appointment of a new legal head at the broadcasting company. Niamh Grogan has joined Sky as its new group general counsel after leaving multinational insurance adviser Willis Towers Watson. There, she was its global deputy general counsel and chief operating officer for more than […]
US firms set to cover abortion costs for employees
Firms in the US, with workforces impacted by last week’s Supreme Court decision on abortion rights, are entering discussions with their medical insurers to determine whether they can cover out-of-state travel costs. The US Supreme Court last week overturned Roe v Wade, meaning it will be up to individual states to make decisions on abortions. […]
Ashurst leads in CareTech’s £870m take-private deal
Social care provider CareTech has been sold to a consortium, advised by Ashurst, in an £870m deal. Ashurst chair Karen Davies led the team representing Amalfi Bidco, a newly-formed company indirectly owned by Sheikh Holdings Group (Investments), Belgravia Investments and Kensington Capital, and funds managed and advised by THCP Advisory. Davies was supported by fellow […]
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