Charles Russell unveils 8% PEP rise amid modest revenue growth in year of consolidation

Charles Russell unveils 8% PEP rise amid modest revenue growth in year of consolidation

Charles Russell Speechlys (CRS) has revealed 3% revenue growth for the 2016/17 financial year, alongside an 8% jump in profit per equity partner (PEP) in its second full year since the merger of Charles Russell and Speechly Bircham in 2014. CRS managing partner James Carter said last year was one of consolidation for the merged firm, while dealing …

‘Firing on all cylinders’: Freshfields appoints Paul Weiss lawyer to head US IP team

‘Firing on all cylinders’: Freshfields appoints Paul Weiss lawyer to head US IP team

Freshfields Bruckhaus Deringerhas appointed Paul, Weiss, Rifkind, Wharton & Garrisonlawyer Menachem Kaplan (pictured) as its first partner to head up the firm’s intellectual property (IP) capabilities in the US. Kaplan joins Freshfields today (24 July) as the firm’s first IP partner to be based in New York. He joins Freshfield’s international IP offering led by three …

Revolving doors: Hogan Lovells and Gibson Dunn expand on continent, McGuireWoods appoint to London, Winston to Dubai

Revolving doors: Hogan Lovells and Gibson Dunn expand on continent, McGuireWoods appoint to London, Winston to Dubai

Firms have strengthened their global practices, as Hogan Lovells appointed a key Paris partner, Gibson Dunn & Crutcher recruited in Munich, McGuireWoods hired in London and Winston & Strawn brought in a new Dubai managing partner. Hogan Lovells have recruited heavyweight antitrust Francois Brunet in Paris, after a 26-year career building Cleary’s antitrust practice. His practice focuses …

Court rejects landmark application for £14bn class action against MasterCard in Freshfields win

Court rejects landmark application for £14bn class action against MasterCard in Freshfields win

The Competition Appeal Tribunal (CAT) has today (21 July) ruled against certifying one of the first US-style £14bn opt-out consumer damages antitrust class actions, against payment giant MasterCard, in what would have been the UK’s largest claim. CAT president Mr Justice Roth ruled against allowing the collective proceedings application on grounds that potentially disparate groups …

20% hike at Vinson pushes associate starting pay to £120k as US leaders heat up City talent market

20% hike at Vinson pushes associate starting pay to £120k as US leaders heat up City talent market

Vinson & Elkins(V&E) has increased its London associate and trainee solicitor salary levels, boosting newly qualified salaries 20% to £120,000 and first-year trainee salaries by 11% to£50,000. The firm announced the rates this week (20 July), alongside its second-year associates pay. They will receive a pay rise of 15% to £127,000 (from £110,000 previously), while the firm …

‘Acted recklessly’: White & Case fined record sum by SDT for conflict of interest breach

‘Acted recklessly’: White & Case fined record sum by SDT for conflict of interest breach

White & Case has been fined £250,000 in the largest-ever sanction imposed by the Solicitors Disciplinary Tribunal (SDT) against a firm, as it said today (19 July) that the firm had breached conduct rules by acting recklessly in failing to identify a conflict of interest and failure to protect confidential information regarding a $2bn Ukrainian commercial dispute. …

‘Work in an agile way’: Ince & Co revenues rebound with 16% growth after three-year decline

‘Work in an agile way’: Ince & Co revenues rebound with 16% growth after three-year decline

Ince & Co’s revenue has grown 16% to £88.5m this year, signalling recovery from a three-year decline, in what Ince’s international senior partner Jan Heuvels described as a ‘good year of investment and growth.’ Heuvels (pictured) told Legal Business that, ‘if you strip out the FX effect, as we do have significant non-sterling earnings, we still have …

‘GCs are becoming much more discerning’: CPS special crime head Vamos to join Peters & Peters

‘GCs are becoming much more discerning’: CPS special crime head Vamos to join Peters & Peters

Disputes and business crime boutique Peters & Peters has today (19 July) announced that the former head of special crime at the Crown Prosecution Service (CPS), Nick Vamos, will become a partner at the firm. Vamos, a qualified barrister, will join the firm as a partner on 4 September. He has significant criminal law experience, specialising in …