Lawyers rank top for satisfaction, value for money, but access to justice gaps persist

Lawyers rank top for satisfaction, value for money, but access to justice gaps persist

Solicitors in England and Wales received a glowing review in a new survey of legal needs but evidence of gaps in access to justice shows the profession has a perception problem. The survey – the largest legal needs survey of its kind – was conducted by the Legal Services Board and Law Society using data …

HSF brings German offices into UK LLP to mitigate Brexit concerns

HSF brings German offices into UK LLP to mitigate Brexit concerns

Herbert Smith Freehills (HSF) has finalised a move to absorb its German partnership into its UK LLP, as firms enter the final stages of preparations ahead of a 31 January Brexit. The move was implemented in December last year as the firm faced a complex regulatory environment in Germany due to the UK’s imminent departure from …

Late to the party: Reed Smith hires partners from five firms for Brussels launch

Late to the party: Reed Smith hires partners from five firms for Brussels launch

Reed Smith has opened its fifth European office in Brussels, following the hire of five partners to the firm’s corporate group. The partners all come from different firms, and will be joined by two associates and one counsel. The partners focus on competition/antitrust, with Brussels long being a hub for international firms’ competition work.

Ince stock plummets as firm seeks £16m from shareholders

Ince stock plummets as firm seeks £16m from shareholders

Shares in listed law firm Ince Group fell drastically today (15 January) after the company called for an additional £16m in finance to reload its balance sheet following Gordon Dadds’ acquisition of the firm in 2018. The placing saw shares fall almost 50% to 45p from 89p, before rising slightly to 47p. Ince sought the accelerated …

Axiom break-off rebrands after failing to find a buyer as LOD launches second German hub

Axiom break-off rebrands after failing to find a buyer as LOD launches second German hub

Axiom Managed Solutions (AMS) has abandoned efforts to sell to new investors following its split from Axiom, instead rebranding as Factor following further commitments from existing stakeholders. The legal managed services business was put on the market in early 2019 when the wider Axiom group unveiled plans to pursue an initial public offering (IPO), although …

Slaughters ups the ante on associate pay with PQE salary boost

Slaughters ups the ante on associate pay with PQE salary boost

City blueblood Slaughter and May has increased its salary for associates with 2.5 years post-qualified experience (PQE) or more, after putting newly-qualified (NQ) solicitors in line for a £100,000 pay package last summer. The move means associates in the 2.5 PQE salary scale and above will now receive an increase of between 2.2% and 8.2%, …

Continental growth ‘high on the agenda’: BCLP bolsters Paris outpost with seven-partner splash

Continental growth ‘high on the agenda’: BCLP bolsters Paris outpost with seven-partner splash

Starting the New Year with a bang, Bryan Cave Leighton Paisner (BCLP) has recruited a 21-strong team of lawyers in Paris, including seven partners. The hires mark the largest addition to the firm since its transatlantic merger in 2018, with expansion on the continent high on the agenda for the firm’s leadership. Two partners have joined …

MJ Hudson raises £31m as the latest law firm float as Gateley continues acquisition drive

MJ Hudson raises £31m as the latest law firm float as Gateley continues acquisition drive

Despite the relative drought of listings in recent months, former SJ Berwin private equity head Matthew Hudson has raised £31m for his asset management consultancy MJ Hudson (MJH) following a floatation of the business last week. Meanwhile, listed firm Gateley also revealed last week it acquired Cambridge-based management consultancy T-three. Founded in 2010, MJ Hudson focuses …

Charismatic and strategic: HSF names Asia managing partner and disputes leader D’Agostino as CEO

Charismatic and strategic: HSF names Asia managing partner and disputes leader D’Agostino as CEO

Herbert Smith Freehills (HSF) has appointed senior litigation hand and managing partner for Asia Justin D’Agostino (pictured) as its new chief executive officer (CEO), following Mark Rigotti’s decision to stand down from the role in spring of next year. D’Agostino, 47, also spearheads the firm’s global disputes practice and US regions. Unlike the London-based Rigotti, D’Agostino …

Regime change – The scorched-earth approach to legal education reform

Regime change – The scorched-earth approach to legal education reform

Its supporters are accused of advocating reforms not fit for purpose, posing a threat to the standing of the profession; its detractors are derided as ‘dinosaurs’, apologists for inequality and ‘buggers’ who moan about everything. Four years since the Solicitors Regulation Authority (SRA) announced plans to shake up legal education in England and Wales with …