A gloomy week for legal job prospects as OC follows BLP to announce likely job cuts

Osborne Clarke (OC) is to make up to 13 fee-earners redundant as it begins a two-week consultation, the top 50 UK law firm announced today (15 May). Managing partner Simon Beswick said that the 400-lawyer firm would be informing associates affected by the consultation today in response to what he said was ‘over-capacity’ in the …

Revolving Doors: Clutch of firms including Bird & Bird, Dentons and Sidley make key hires

The lateral hires market has over the past week continued to defy an overall drop in activity as Bird & Bird, DWF, Dentons, Sidley Austin and Baker & McKenzie all made strategic hires. Late last week 234-partner Bird & Bird was joined by Field Fisher Waterhouse (FFW) franchising partners Graeme Payne and Victoria Hobbs – …

UK Green Investment Bank welcomes Pinsents McVicar as MacRitchie moves on

The formal establishment of the UK Green Investment Bank (GIB) has had a domino effect on senior counsel moves as the government funded initiative’s hunt for a general counsel (GC) comes to a successful close with the hire of rated Pinsents Masons energy partner Euan McVicar. McVicar, who specialises in the financing and development of …

Wragges to cut up to 30 jobs in BPO venture

In a move that stands out against the recent backlash towards business process outsourcing, Wragge & Co is to cut up to 30 full-time equivalent support roles following an agreement with Intelligent Office. A consultation has been launched with affected PAs, secretaries and other administrative staff following a comprehensive review of the firm’s back office …

Legal education – either free or very expensive as BPP to train job-hungry grads for nothing

Law schools have been dogged by controversy in recent years on both sides of the Atlantic but one of the UK’s major providers has a novel response: giving education away for free. BPP Law School this week confirmed that it is to offer a free qualification worth up to £16,500 to any of its legal …

Three steps forward… will Tyco-style deals ever sweep the market?

As infrastructure giant Balfour Beatty signs up Pinsent Masons as its sole legal adviser for general matters, Legal Business asks why the trend for single-supplier deals hasn’t really taken off yet. The single-supplier legal advisory model pioneered by Tyco International has resurfaced yet again. In April, infrastructure giant Balfour Beatty announced a radical overhaul of …

Insurance giants move into legal services market

Three insurance companies announced significant moves into the legal services market in April after sealing alternative business structure (ABS) joint ventures with law firms. The Solicitors Regulation Authority (SRA) granted Admiral, Ageas and RAC ABS licences to extend their services beyond insurance to provide legal services for customers making no-fault personal injury claims.

Insurance giants move into legal services market

Three insurance companies announced significant moves into the legal services market in April after sealing alternative business structure (ABS) joint ventures with law firms. The Solicitors Regulation Authority (SRA) granted Admiral, Ageas and RAC ABS licences to extend their services beyond insurance to provide legal services for customers making no-fault personal injury claims.

Nabarro’s talent programme reaps eight partner promotions

Nabarro has promoted eight lawyers to its partnership, with the majority of appointments in the firm’s City office. The promotions, effective from 1 May, are split across the construction, real estate, tax, corporate and disputes practices. Five London lawyers were promoted in this latest round, namely construction lawyer Alistair McGrigor, real estate specialist Chris Oakley, …

Clyde & Co to open Madrid office with DAC Beachcroft insurance team

Clyde & Co is to open a Madrid office following the appointment of a four-partner insurance team from DAC Beachcroft’s local office. The team of nine lawyers, including insurance partners Ignacio Figuerol, Ricardo Garrido, Pablo Guillen and Miguel Relano, have resigned to establish the office for Clyde & Co, extending the firm’s international footprint to …