King & Spalding posts stronger year globally with UK revenue up 12%

King & Spalding posts stronger year globally with UK revenue up 12%

US outfit King & Spalding notched a 12% growth in its UK business for 2018, with London revenue rising to $48.3m, up from $43.1m last year. Meanwhile, firmwide revenues rose 9% to $1.26bn from $1.14bn in 2017, while firmwide profit per equity partner rose 9% to $2.85m. The results in London in particular mark a stronger …

Revolving Doors: DAC Beachcroft hires from Kirkland in the City while Morgan Lewis leads international team push

Revolving Doors: DAC Beachcroft hires from Kirkland in the City while Morgan Lewis leads international team push

There was no love lost between firms in the lateral market last week, with DAC Beachcroft, Withers and Reed Smith being the primary movers in the City while Morgan Lewis led a trio of firms looking further afield to the Middle East and Asia Pacific to expand their international benches. In the most significant City …

‘Not adequately protected’: Junior lawyers demand SRA response on concerns over toxic working conditions

‘Not adequately protected’: Junior lawyers demand SRA response on concerns over toxic working conditions

Junior lawyers have penned a letter to the Solicitors Regulation Authority (SRA) demanding clarification on the protection available to junior lawyers who are subject to ‘toxic’ work environments. The letter, published yesterday (13 February) by the Law Society’s Junior Lawyers Division (JLD), cited concerns around rulings from the High Court and Solicitors Disciplinary Tribunal that …

Post-merger chemistry and an absence of crisis mark BCLP launch but firm is yet to settle into its stride

Post-merger chemistry and an absence of crisis mark BCLP launch but firm is yet to settle into its stride

Thomas Alan finds mixed omens in the wake of BCLP’s high-stakes union. A solid start cannot obscure that 2019 will be a crucial period for the Anglo-American challenger When indications of a merger between legacy firms Berwin Leighton Paisner (BLP) and Bryan Cave first emerged in late 2017, there were mixed reactions about the potential union. …

New Law meets Big Four – Has Deloitte got the conviction to match its free-thinking legal pitch?

New Law meets Big Four – Has Deloitte got the conviction to match its free-thinking legal pitch?

Thomas Alan asks if Deloitte can find a new angle on legal services The often cited but seldom-seen legal arrival of the Big Four has long passed into a professional joke, though renewed investment from the major accountancy groups in the last three years has given the debate fresh urgency. But, truly, something must have …

Dentons risks Venezuelan instability to secure Norton Rose Caracas business

Dentons risks Venezuelan instability to secure Norton Rose Caracas business

Dentons has acquired Norton Rose Fulbright (NRF)’s 26-lawyer Caracas office, coinciding with Venezuela’s acute economic and political crisis. As part of the acquisition, Dentons hired eight partners with a sector focus on energy and natural resources, as well as employment. Currently led by labour partner Juan Carlos Pró-Rísquez, who became NRF managing partner in the …

M&A focus: A sign of things to come? Europe’s deal market ends 2018 with a whimper after a forceful start

M&A focus: A sign of things to come? Europe’s deal market ends 2018 with a whimper after a forceful start

The ghost of political turmoil did little to hinder deal-doing in Europe in the first half of 2018 but its presence appears to have made itself increasingly felt as the year wore on. With plcs wary of major investments ahead of the threat of mounting Brexit-related convulsions, not to mention a mainland European economy that …

Luminance valuation hits $100m as Slaughters stumps up in $10m investment round

Luminance valuation hits $100m as Slaughters stumps up in $10m investment round

UK legal tech leader and Slaughter and May ally Luminance has received further backing from existing investors, propelling the start-up to a $100m valuation. The AI company boosted its war chest by $10m following further backing from existing investors Talis Capital, Mike Lynch-backed technology investor Invoke Capital and City bluebloods Slaughters.

LLP accounts show BLP flagging ahead of Bryan Cave merger as profit fell 21%

LLP accounts show BLP flagging ahead of Bryan Cave merger as profit fell 21%

Legacy Berwin Leighton Paisner was hit by a 21% drop in profit and 3% dip in revenue in its last full financial year prior to its merger with Bryan Cave, LLP accounts reveal. Last February, Berwin Leighton Paisner (BLP)’s quest for a US tie-up received a shot in the arm when its transatlantic merger with …

MoJ faces parliamentary grilling over IT network meltdown

MoJ faces parliamentary grilling over IT network meltdown

The Ministry of Justice (MoJ) has come under fire in parliament after widespread IT disruption wrought chaos on the functioning of the justice system. The meltdown, which saw several IT systems repeatedly crash over the last few days, prompted difficult questions from Labour MP Yasmin Qureshi to under-secretary of state and conservative MP Lucy Frazer …