The London office of Akin Gump Strauss Hauer & Feld may have failed to maintain 2018’s pacy revenue growth of 28% on the back of a restructuring bonanza, but globally the firm has reported steady global growth amid a sustained lateral push. City turnover was broadly flat in 2019, rising only 1% to $125.1m from …
In a bold play for the Boston-bred firm, Ropes & Gray has increased its London NQ salary by 8% to £130k plus bonus. The move means a notable uptick on the previous City NQ rate of £120k and present a boon for Ropes’ appeal to young lawyers at a time of internal transition and increasing …
Continue reading “Ropes ups the ante in the City talent war with £130k NQ pay package”
Allen & Overy (A&O) has become the latest City firm to update its policies for working families, ushering in extensions to parental leave allowances. The move will be a fillip for an industry still beset by out-dated policies and the ongoing battle to retain women into senior partnership.
Marco Cillario and Nathalie Tidman report on Freshfields’ role in the tax scandal rocking Germany It is not often that a law firm makes headlines outside the legal media, yet the name Freshfields Bruckhaus Deringer is rapidly becoming a regular feature of German newspapers. That is bad news for the City giant. How bad, many …
The last decade emerged with the shockwaves of the banking crisis still making themselves felt on the profession. Having just made a series of job cuts in major markets the like of which had never been seen in the legal industry, the mood was infused by uncertainty, the brutal realities of austerity and the sudden …
Continue reading “The vision thing – Sizing up the big issues set to shape law through the 2020s”
Investment in Weil, Gotshal & Manges’ City arm has long come in fits and starts, avoiding broader M&A ambitions to become a well-regarded private equity player, while arguably being outpaced by US rivals Kirkland & Ellis, Latham & Watkins and Simpson Thacher & Bartlett. Questions also linger around who will lead when Mike Francies, its …
A dearth of megadeals in 2019 did little to dampen the spirits of dealmakers with buyout teams capitalising on the ongoing private equity boom while wider pharma and tech deals drove bid activity. On the face of it, headline figures from Mergermarket speak of a subdued year, with global M&A activity declining 6.9% from 2018 to …
The Solicitors Disciplinary Tribunal’s (SDT) controversial decision to fine instead of ban Freshfields Bruckhaus Deringer partner Ryan Beckwith was because his misconduct was ‘a lapse in his judgement’ and ‘unlikely to be repeated’. The SDT published today (4 Feburary) its judgment detailing its full reasons after the tribunal last October fined Beckwith £35,000 and ordered …
Skadden, Arps, Slate, Meagher & Flom continues to turn heads with its uncharacteristic hiring spree in London, this time in the form of Milbank restructuring partner Peter Newman. A firm not famed for aggressive recruitment drives, the move is notable for being Skadden’s third London lateral recruit within the last six months, after it benefited from …
The management of Freshfields Bruckhaus Deringer has seen a 20% drop in pay even as its Asia business offered a silver lining with double-digit turnover growth. Published today [31 January], the City giant’s LLP accounts for the financial year to 30 April 2019 make for subdued reading as the firm grew its top line by only …
