Leading AI platform Kira Systems will not feature in the latest cohort of tech companies in Allen & Overy (A&O)’s Fuse incubator, making room for more nascent start-ups to enter the Magic Circle firm’s tech space. In September of last year Kira secured $50m in private equity backing in what was a benchmark for the …
Slaughter and May has published its first partner-level pay gap report, revealing that male partners earn on average 8.9% more than their female counterparts. Including all employees, the figures remained flat from 2017, with the mean pay gap between men and women standing at 14.4% and the median gap steady at 38.7%.
Traditionally phobic to partner hires, Slaughter and May has recruited in Hong Kong again almost a year after its previous move in the jurisdiction, this time recruiting Jing Chen as partner from the Listing Division of Hong Kong Exchanges and Clearing Limited (HKEX). Chen re-joins the firm having been a trainee solicitor at Slaughters in …
Continue reading “Slaughter and May chooses Hong Kong once more for rare partner hire”
Chicago-bred Mayer Brown saw its global revenue rise 5.8% to $1.38bn as profit per equity partner (PEP) hiked 8.2% to hit $1.7m in 2018. The growth rate is up from last year, when the firm increased its top line 4.2% to $1.31bn globally. However PEP growth slowed slightly, having grown 8.8% in 2017. Revenue per …
Continue reading “Mayer Brown’s global revenue nears $1.4bn as PEP spikes 8.2% amid expansive year”
Two years after the collapse of King & Wood Mallesons (KWM) the saga rumbles on, with administrators primed to pay former staff as an £18.3m funding deficit leaves unsecured creditors out of pocket. A progress report filed last week details how some former employees of the firm have been ranked as preferential creditors following KWM’s …
Chicago-bred Mayer Brown has bolstered its restructuring, bankruptcy and insolvency (RBI) practice with a double hire from DLA Piper in London. DLA veterans Michael Fiddy and Amy Jacks join Mayer Brown as co-head of the firm’s global RBI practice and co-head of the firm’s UK RBI practice respectively. Fiddy will lead the global group alongside New York …
Continue reading “‘Great synergies’: Mayer Brown adds long-awaited restructuring hires with DLA duo”
City recruitment was steady last week with Crowell & Moring being the main mover after luring yet more talent from Squire Patton Boggs. Meanwhile Monckton Chambers secured Steven Gee QC from Joseph Hage Aaronson and DLA Piper and Mayer Brown made moves in a busy international round. Crowell & Moring has emboldened its London strategy …
Paul Hastings saw its strong revenue growth in London tempered slightly to 14% in 2018 in what remained a strong year for the US outfit. The double-digit revenue increase in London is lower than last year’s 25% rise, however it outstrips the firm’s global growth figure of 9%, itself up from 4% last year. Profit per …
Slaughter and May has announced today (27 February) its much-anticipated legal tech incubator, Slaughter and May Collaborate, with the firm primed to select about six legal tech companies for its first cohort. Magic Circle counterparts Allen & Overy (A&O) and Linklaters, meanwhile, have both featured in fintech company Nivaura’s $20m funding round as the City elite bustle …
RPC has announced its insurance practice will form an official alliance with Chicago-based law firm Hinshaw & Culbertson. The partnership will see both firms deepen their existing relationship in the insurance sector, with talks regarding a formal alliance developing throughout January. The firms will now work together on pitching and client marketing as well as collaborating …
Continue reading “Chicago firepower for RPC as insurance team secures formal US tie-up”
