More details are emerging on associate pay at Magic Circle firms as Freshfields Bruckhaus Deringer has joined the list of firms to announce increased salaries for US associates, as competition to recruit top lawyers intensifies. The move by Freshfields will see the firm match the rates set by Milbank Tweed Hadley & McCloy, which set the …
Regional and international hires dominated lateral recruitment in the last week as City hiring stalled, with DLA Piper bringing on a corporate partner in Manchester and national firm Shoosmiths adding to its Birmingham bench. Meanwhile, CMS Cameron McKenna Nabarro Olswang and Clifford Chance (CC) both made international hires.
An artificial intelligence (AI) company boasting Linklaters as one of its key clients is targeting the world’s biggest firms after securing £13m in one of the legal tech sector’s biggest investments. Heavyweight investors Goldman Sachs and Temasek, Singapore’s sovereign wealth fund, co-led on the investment in Eigen Technologies, announced Monday (11 June). The round outstrips the …
Continue reading “Linklaters legal AI partner ropes in market-leading £13m investment”
In what has otherwise been a relatively subdued week for City laterals, Paul Hastings, Reed Smith and Mayer Brown have bolstered their London partner ranks with financial regulatory, intellectual property (IP) and finance hires respectively. Paul Hastings continued its recruitment spree with the hire, announced today (11 June), of partner Arun Srivastava from Baker McKenzie, where he …
One of the earliest adopters of the Alternative Business Structure (ABS) model is turning to the public capital markets to raise tens of millions to pay off debt and fund a war chest big enough to land three acquisitions by 2020. Stafforshire-based Knights said on Monday (4 June) it was listing on the Alternative Investment Market …
Continue reading “‘A sufficient war chest’: Knights turn to IPO for acquisition agenda”
City recruitment was strong last week as DWF and Fladgate followed headline laterals at White & Case and Ashurst with London plays. International recruitment, meanwhile, continued a strong run of form. DWF added to its City insurance practice with the hire of Iftikhar Ali from Simmons & Simmons, where he led the construction all risks practice. Ali will …
Expansive US firm White & Case is continuing to walk the talk on its going ‘toe to toe with the Magic Circle’ mantra after making another City hire in its litigation practice. The experienced Chris Brennan is joining White & Case from Addleshaw Goddard, where he headed the firm’s Financial Conduct Authority (FCA) investigations and …
Continue reading “White & Case makes another City litigation play with Addleshaw Goddard hire”
Lawyers On Demand (LOD) has secured new private equity backers in place of parent Bryan Cave Leighton Paisner (BCLP) as the New Law pioneer gears up for a growth drive aimed at positioning it as a global player. Buyout house Bowmark Capital is acquiring BCLP’s entire stake of 62% in LOD for an undisclosed sum. …
Continue reading “New Law pioneer LOD primed for growth as BCLP sells to buyout house”
City recruitment kept pace last week as a trio of firms made City hires, led by Baker McKenzie’s corporate hire from Clifford Chance, while Reed Smith made big plays in the US. Baker McKenzie added to its London bench with the hire of Kathy Honeywood to its energy, mining and industrials practice. Honeywood joins from Magic …
A £20m government fund for the development of artificial intelligence (AI) and data analysis in law, accounting and insurance is being welcomed as a positive step for what is ‘under-funded and under-thought’ research and development (R&D) in the legal tech space. Earlier this month, the government launched the fund as part of a wider drive …
