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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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Disruptive Models: ABS tally for 2013 reaches 2012 level as Shakespeares becomes latest to convert
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Corporate stirrings: Cinven gifts Freshfields with IPO while HSF defends Severn Trent
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Asia round-up: Bingham makes funds push in Tokyo while Eversheds launches in Beijing
Travers Smith in surprise discrimination defeat
Top 50 City firm Travers Smith has suffered the rare public humiliation of losing a high profile discrimination case...
A&O falls behind on associate pay table as it announces a freeze
Allen & Overy (A&O) has become the latest of the Magic Circle to reveal that it is...
Cadwalader focuses on Europe with London restructuring hires
US firm Cadwalader, Wickersham & Taft is focusing its restructuring practice on Europe with the hire of partners Holly Neavill...
Guest post: Forget Dewey – what you need to be assessing on strategy and partner pay
Law firm managers who are planning large-scale, hubristic expansion-by-acquisition should study the Dewey & LeBoeuf morality play very closely. The rest of us...
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.
Guest post: Forget Dewey – what you need to be assessing on strategy and partner pay
- 21 May 2013 13:52
Law firm managers who are planning large-scale, hubristic expansion-by-acquisition should study the Dewey & LeBoeuf morality play very closely. The rest of us should not. It's a distraction that diverts attention from what matters closer to home.
Permit me to analogise: those of us who are dealing with the daily stresses and strains of keeping a marriage healthy could, I suppose, closely study the example of Tiger Woods as a way of understanding how marriages fail in a spectacular explosion of adultery.
Cadwalader focuses on Europe with London restructuring hires
- 21 May 2013 10:16
US firm Cadwalader, Wickersham & Taft is focusing its restructuring practice on Europe with the hire of partners Holly Neavill and Louisa Watt, who have joined the firm's London office.
Neavill was previously a partner at Latham & Watkins London office, although she began her career in the US. She has worked on some high profile restructurings and distressed M&A deals, including advising the committee of bondholders in the restructuring of the publicly-listed Italian directories business SEAT Pagine Gialle last year.
