Fried, Frank, Harris, Shriver & Jacobson, RPC, Mayer Brown and Bryan Cave Leighton Paisner were among the firms to enjoy a pre-summer deal rush this week as Sports Direct bought Jack Wills and private equity player Aurelius acquired BT’s fleet business. Fried Frank advised high street clothing retailer Jack Wills on the buy-out of its UK …
In an otherwise sedate week for City legal recruitment, DAC Beachcroft has proved the exception to the rule for August hiring, adding a seven-strong insurance team from Norton Rose Fulbright (NRF) in London. The team joining DAC was led by insurance litigation partner Kirsty Hick who joined on 1 August and acts for global and London …
The UK legal services market could experience a 10% fall in revenue following a no-deal Brexit, according to a Law Society report, labelled by one City partner as ‘sensationalist’. The findings, published today (1 August), predict that the UK legal sector would see a £3.5bn decrease in turnover, as well as 10,000 job cuts, if …
Continue reading “No-deal Brexit could trigger £3.5bn revenue drop in UK legal market”
The City offices of progressive US firms continue to set the tone for the London lateral recruitment market – a charge most recently exemplified by Goodwin Procter, which has secured a four-partner technology and life sciences team from Taylor Wessing. Goodwin hired Malcolm Bates, David Mardle, Tim Worden and Adrian Rainey in a move that …
Mishcon de Reya has maintained steady revenue growth in its 2018/19 financial results, increasing its top line by 10% to £177.8m, as profit per equity partner (PEP) remained flat. While the firm saw a greater revenue growth rate than the 8% uptick last year to £161.3m, PEP has failed to keep pace, with the flat result …
Continue reading “PEP stays flat for Mishcon as revenue growth regains momentum”
Gordon Dadds has posted a pace-setting set of results that have seen revenue and profit soar thanks to the addition of Ince & Co last year. The listed entity, Gordon Dadds Group Plc, saw revenue boosted 69% from £31.2m to £52.6m following its £43m acquisition of Ince. It is a positive set of results that come …
Stewarts Law has partly recovered from a 20% drop in turnover last year in what managing partner John Cahill described as a ‘very satisfactory’ year, although partner profits have continued to fall. The UK’s largest litigation-only firm increased revenue by nearly 11% to £69m in the 2018/19 financial year, following a 20% drop in turnover …
HFW has scored a litigation ‘win-win’ after adding both a £25m litigation funding deal and a litigation analytics partnership to its practice. The firm announced today it was partnering with both litigation start-up Solomonic, which launched commercially at the start of the year and uses court data for predictions and case research, and with litigation funder …
Mishcon de Reya is considering options for raising capital in a bid to fund its ‘ambitious plans’ for growth, including a possible initial public offering (IPO). Sky News reported on Saturday (20 July) the firm is looking to either list on the stock exchange or sell a stake to a private equity investor to raise …
Continue reading “Spin-offs likely as Mishcon ‘considering all options’ for a capital raise”
In a quiet week for lateral recruitment, Weil, Gotshal & Manges hired from Ashurst in the City as other firms made notable moves further abroad. In London, Weil expanded its banking and finance practice with the hire of Paul Stewart, currently at Ashurst. Stewart has experience in domestic and international finance transactions as well as leveraged …
Continue reading “Revolving doors: City move for Weil as HSF adds duo in South Africa”
