CMS Cameron McKenna revealed what it described as an 'uncharacteristically low' trainee retention rate today (27 March), with only 61.5% of its 26-strong intake staying with the firm while Pinsent Masons secured 15 trainees but from a smaller round of 19.
A quartet law firms including Clifford Chance (CC), Travers Smith, Debevoise & Plimpton and Berwin Leighton Paisner (BLP) have all secured instructions on the £1.2bn sale of BCA (formerly British Car Auction) to publicly listed investment vehicle, Haversham Holdings.
Mayer Brown has bolstered its European corporate team with the hire of two former Freshfields Bruckhaus Deringer lawyers, including one from Davis Polk & Wardwell, to its corporate and securities practice in Paris.
'Taking advantage' is a phrase I hear a lot when lawyers discuss their work. I think it is linked to the idea of lawyers as business people concerned with competitiveness and commerciality, but in any event it manifests itself in the restless and energetic pursuit of getting the best possible deal/outcome for each client on each occasion.