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Redundancy watch: Trowers the latest top 50 firm to announce fee-earner job losses
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Italy: Hogan Lovells trio departs to Ernst & Young while Bonelli changes management
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Closed shop: Law Society report shows sharp fall in training contracts
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Headline Deals: Ashurst takes lead for Commerzbank and Morrisons
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Redundancy watch: Trowers the latest top 50 firm to announce fee-earner job losses
- 22 May 2013 15:25
Trowers & Hamlins has made four fee-earners and three secretarial staff redundant in the last three months, the firm confirmed today (22 May).
'In light of continuing pressures on the UK legal market, we have streamlined a few of our practice areas so that they better reflect our business needs,' the firm said in a statement.
Italy: Hogan Lovells trio departs to Ernst & Young while Bonelli changes management
- 22 May 2013 13:06
Hogan Lovells' Rome office has lost partners Gianroberto de Giovanni, Massimiliano Marinozzi and Paolo Ricci to Ernst & Young.
The trio will join as partners of the Italian legal offering of the global audit firm in its Rome and Milan offices. Ricci will take over the leadership team in Italy, while de Giovanni and Marinozzi will head the corporate and dispute teams respectively.
Closed shop: Law Society report shows sharp fall in training contracts
- 22 May 2013 11:29
Entering the legal profession has become harder than ever, with the latest Law Society data revealing that the number of training contracts offered by law firms in England & Wales is at its lowest level since 1999.
The Law Society's Annual Statistical Report reveals that the number of training contracts registered to July 2012 stood at 4,869; a 10.5% drop compared to the 5,441 registrations in 2011. The report also reveals that new solicitor admissions have seen nearly a 25% drop from 8,402 in 2011 to 6,330 in 2012.
Headline Deals: Ashurst takes lead for Commerzbank and Morrisons
- 22 May 2013 08:29
Ashurst is leading on two headline deals announced this week as Germany's Commerzbank enters talks to sell a £4bn UK loan portfolio and Wm Morrisons signed a potentially market changing agreement with online grocer Ocado.
The top 15 UK firm is advising longstanding client Commerzbank on the proposed sale of its Eurohypo UK operation to US bank Wells Fargo and private equity group Lone Star. If the deal goes ahead it is reported to be one of the largest disposals of real estate debt by a European bank since the start of the financial crisis.
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