Remember the days when Russia was the El Dorado of the Western legal elite? Potent New York outfits like Cleary Gottlieb Steen & Hamilton and Skadden, Arps, Slate, Meagher & Flom forged hugely lucrative businesses catering to Russian clients, while oligarchs and their top-dollar disputes were regulars in London’s commercial courts. Just half a decade …
It has been another busy week on the lateral market, with Freshfields Bruckhaus Deringer seeing other departures and a raft of international firms growing their ranks in Europe and the US. Freshfields’ restructuring and insolvency partner Nicholas Segal will leave the Magic Circle firm after 12 years to start a new career at Erskine Chambers …
After years of convincing growth on the back of its rapid international expansion, private wealth specialist Withers increased its turnover by a modest 1% to £176.6m this year. Growth in profit per equity partner (PEP) also slowed down and was up by 3% to £402,000 after jumping 25% to £381,000 last year, when the firm …
Continue reading “Withers’ expansion rush comes to an end as revenue grows 1% to pass £175m mark”
Shipping specialist Ince & Co has announced 32 redundancies in its London office in the latest wave of cuts by law firms in the City. Ince is letting 25 business services staff and seven fee earners go, with three further roles still under consultation, including a managing associate whom Ince aims to relocate to one …
Continue reading “More cuts in the City as Ince & Co slashes more than 30 roles”
Private wealth specialist Withers has re-appointed Margaret Robertson as chief executive for a fourth term following an uncontested election, meaning she will lead the firm until 2021. Longstanding leader Robertson has overseen the rapid internationalisation of the firm from one to 17 offices and a decade of consecutive revenue growth in which Withers added almost …
