Slaughters lifts associate salaries alongside performance-related bonuses

Slaughters lifts associate salaries alongside performance-related bonuses

Slaughter and May has increased its salary rates for newly qualified (NQ) associates by £3,000, with junior associates also seeing an increase alongside performance-related end-of-year bonuses. All associates from NQ to 18 months post-qualification (PQE) will enjoy salary increases, with NQs seeing their pay increase to £83,000 from £80,000. Pay for associates 6 months after qualification …

Whatever happened to PRIME? – Drift sets in for once lauded diversity project

Whatever happened to PRIME? – Drift sets in for once lauded diversity project

Thomas Alan assesses the initially lauded, now forgotten social inclusion initiative ‘Forgive my ignorance, can you tell me what you mean by PRIME? What is it exactly?’ asks one partner at a top-25 UK law firm, a partner charged with responsibility for overseeing apprenticeships at a firm with membership to that same cross-industry group.

Pharma just the tonic for US firms leading on Boston Scientific’s £3bn bid for BTG

Pharma just the tonic for US firms leading on Boston Scientific’s £3bn bid for BTG

An array of City and US firms have landed roles advising on Boston Scientific’s buyout of British healthcare firm BTG in the latest bumper deal in the pharmaceutical sector. Allen & Overy (A&O), Shearman & Sterling, Travers Smith, White & Case, and Arnold & Porter Kaye Scholer were all called upon to advise on the …

Still more promise than delivery but Paul Hastings shows signs of progress

Still more promise than delivery but Paul Hastings shows signs of progress

Thomas Alan assesses the fortunes of the US giant after a (relatively) expansive 2018 Paul Hastings’ recent London history could be seen as a story of tempered ambitions. In the mid-2000s, the firm talked about hitting 200 lawyers in the City, while in 2012 the hope was to be at around 140 lawyers by 2016. …

Legal tech focus: Is Kira the real deal?

Legal tech focus: Is Kira the real deal?

AI contract analysis system Kira has been on a trying journey. Having landed $50m in funding, Hamish McNicol and Thomas Alan assess how much longer that journey could last Noah Waisberg recently threw a diamond into an audience of more than 1,000 people. It was the annual Legal Geek legal tech conference in London. Public …

The Simmons interview: What to worry about

The Simmons interview: What to worry about

Legal Business: Simmons seems to have come out of a period of malaise. What have been the primary drivers for that growth over the last two years? Jeremy Hoyland, managing partner: Most of that has been driven by the sectors, so [opening in] Ireland is not because we’re interested in the domestic market. We’re interested …

Legal leaders in Africa: Waking the elephant

Legal leaders in Africa: Waking the elephant

Encapsulated in the 1982 hit song by US soft rock band Toto, Africa is frequently referred to in hoary metaphors in the West. However, in a business context, tired clichés of a ‘scramble for Africa’ have made way for the less-frenetic tones of international law firms committed to proven, revenue-generating strategies. Nonetheless, the continent still …

Revolving Doors: Fieldfisher lands new energy co-head as King & Spalding and Pinsents strengthen City benches

Revolving Doors: Fieldfisher lands new energy co-head as King & Spalding and Pinsents strengthen City benches

Firms began their Christmas shopping in earnest last week, with LB100 pacesetter Fieldfisher strengthening its energy practice while Pinsent Masons recruited in structured finance and King & Spalding enhanced its City corporate practice. Meanwhile, TLT made a hire in the regions as Bird & Bird and Dentons made moves abroad.

‘Scale and investment capability’: Ashfords and Boyes Turner merger to create £60m southern force

‘Scale and investment capability’: Ashfords and Boyes Turner merger to create £60m southern force

South west-based Ashfords and Thames Valley firm Boyes Turner are primed to merge, creating a 100 partner-strong £60m southern law firm. The merger will go live on 1 May 2019, subject to due diligence and legal agreements, while initial talks taking place in early 2017. The new firm will have a total of 700 employees and seven …

City criminal law firm HJA ushers in sweeping ownership changes amid succession problem

City criminal law firm HJA ushers in sweeping ownership changes amid succession problem

London law firm Hodge Jones & Allen (HJA) has brought in sweeping changes to its ownership model, making it the first firm to be wholly owned by its employees. The reform, which has been implemented through an employee ownership trust (EOT), is intended to secure the firm’s long-term future and address succession issues posed by the …