The run of gloomy news regarding job cuts continues with Clyde & Co and Eversheds this week confirming job losses as 2013 looks set to rival the deep run of cuts at major law firms seen in 2009.
Clyde confirmed that it has made eight support staff redundant after a consultation earlier in the year. The top 20 UK law firm declined to confirm reports that it had separately made two senior associates redundant in its Manchester office.
Merger talks between private client law firms Speechly Bircham and Withers have been abandoned, the firms announced today (23 May).
A joint statement from the firms said: 'Following detailed discussions between the management and partnerships of Withers and Speechly Bircham, both sides have now concluded that a merger would not be in the best interests of both firms and have agreed not to pursue this further. The talks have enhanced the respect that both firms have for each other.'
After years of conservative City growth, further signs emerge this week of Wall Street's finest pushing into mainstream UK work with Sullivan & Cromwell recruiting Linklaters banking and restructuring partner Chris Howard.
The high-profile hire will be seen as a significant boost to Sullivan's English practice in restructuring, distressed M&A and finance. Howard will advise international corporations, banks and financial sponsors on corporate restructurings and financings throughout Europe, the Middle East and the US.
Eleven firms, including Allen & Overy (A&O) and Baker & McKenzie, have been successful in winning a place on Shell's new global legal panel, which was unveiled yesterday (22 May).
The tender, which kicked off in March, went out to 357 firms in 20 jurisdictions. The aim, according to legal director Peter Rees QC, was to find between two and five suitable firms for each practice area in each jurisdiction who would then be 'pre-qualified' for Shell legal work and who would compete with each other for significant mandates.