In-house: TransferWise cashes in on competitor’s legal head as mammoth US GC pay packets revealed

In-house: TransferWise cashes in on competitor’s legal head as mammoth US GC pay packets revealed

In a month of significant hires and departures, online money payment company TransferWise has snapped up rival Monzo Bank’s chief legal officer Dean Nash (pictured) as its new general counsel (GC) following the departure of Jenifer Swallow in July. Nash, who featured in the GC Powerlist 2019, has left the company after nearly four years …

Revolving doors: City laterals abound as RPC hires DWF restructuring head and Linklaters recruits White & Case banking partner

Revolving doors: City laterals abound as RPC hires DWF restructuring head and Linklaters recruits White & Case banking partner

Firms got back into the swing of City hiring last week after an early January lull as RPC added DWF’s head of business restructuring, Linklaters hired a banking partner and Sidley Austin recruited to its antitrust and competition practice. RPC has beefed up its restructuring and insolvency team in London with the hire of DWF’s head …

Mishcon turns off the lights in New York as partners defect to KWM

Mishcon turns off the lights in New York as partners defect to KWM

Mishcon de Reya has called it quits in Manhattan after ten years as the firm’s three remaining partners jumped ship for the New York office of King & Wood Mallesons. Dispute resolution partners Mark Raskin, Robert Whiteman and Vincent Filardo have joined the global disputes practice at KWM along with six senior counsel and one …

A record year for ethnic minorities as Clydes, Freshfields, HSF and White & Case partners make 2019 silk round

A record year for ethnic minorities as Clydes, Freshfields, HSF and White & Case partners make 2019 silk round

The number of new Queen’s Counsel (QC) has rebounded after a 2018 dip, including a record 22 appointments from ethnic minority backgrounds. The proportion of female appointments fell, however, two percentage points to 28% of successful candidates, making up 30 of the 114 to take up silk in total. A total of 108 QCs were …

Late to the party: Reed Smith hires partners from five firms for Brussels launch

Late to the party: Reed Smith hires partners from five firms for Brussels launch

Reed Smith has opened its fifth European office in Brussels, following the hire of five partners to the firm’s corporate group. The partners all come from different firms, and will be joined by two associates and one counsel. The partners focus on competition/antitrust, with Brussels long being a hub for international firms’ competition work.

Ince stock plummets as firm seeks £16m from shareholders

Ince stock plummets as firm seeks £16m from shareholders

Shares in listed law firm Ince Group fell drastically today (15 January) after the company called for an additional £16m in finance to reload its balance sheet following Gordon Dadds’ acquisition of the firm in 2018. The placing saw shares fall almost 50% to 45p from 89p, before rising slightly to 47p. Ince sought the accelerated …

Axiom break-off rebrands after failing to find a buyer as LOD launches second German hub

Axiom break-off rebrands after failing to find a buyer as LOD launches second German hub

Axiom Managed Solutions (AMS) has abandoned efforts to sell to new investors following its split from Axiom, instead rebranding as Factor following further commitments from existing stakeholders. The legal managed services business was put on the market in early 2019 when the wider Axiom group unveiled plans to pursue an initial public offering (IPO), although …

Revolving doors: Crowell & Moring recruits seventh Squire partner in a year as Linklaters loses real estate disputes head

Revolving doors: Crowell & Moring recruits seventh Squire partner in a year as Linklaters loses real estate disputes head

The City lateral recruitment market is struggling to return to pre-Christmas activity levels, with only two firms making notable partner hires. Crowell & Moring has revisited Squire Patton Boggs for another partner hire while Addleshaw Goodard has appointed Linklaters’ real estate disputes head as partner. Crowell & Moring continues to make prominent hires to its …

Slaughters ups the ante on associate pay with PQE salary boost

Slaughters ups the ante on associate pay with PQE salary boost

City blueblood Slaughter and May has increased its salary for associates with 2.5 years post-qualified experience (PQE) or more, after putting newly-qualified (NQ) solicitors in line for a £100,000 pay package last summer. The move means associates in the 2.5 PQE salary scale and above will now receive an increase of between 2.2% and 8.2%, …

International roundup: Dentons enters Ireland and Cooley steps into Singapore as Winston leaves the Middle East

International roundup: Dentons enters Ireland and Cooley steps into Singapore as Winston leaves the Middle East

Dentons is to enter one of the few European jurisdictions missing from its sprawling international network by launching an outpost in Dublin. Law firms’ strategies in the Middle East and Asia continue to diverge, meanwhile, with Winston & Strawn concluding its five-year spell in Dubai as Cooley confirmed its third office launch in less than a …