Game on: HSF eclipses A&O with bumper £120k NQ salary

Game on: HSF eclipses A&O with bumper £120k NQ salary

Just a day after Allen & Overy (A&O) revealed it was standing firm with its £107,500 newly-qualified (NQ) salary, Herbert Smith Freehills (HSF) has announced an eye-catching 14% uptick in NQ pay from £105,000 to £120,000. The remuneration jump became effective today (Friday 1 July), with scope for further payouts as it does not include bonuses. …

The ESG report – Russia: All bite, no bark

The ESG report – Russia: All bite, no bark

It was uncharacteristically decisive. Rapidly after Russia did the unthinkable and invaded Ukraine on 24 February, many international law firms with Moscow operations hurried out strongly-worded statements at the behest of a hysterical legal press. Linklaters was the first of the major players to react, announcing on 4 March that it would ‘wind down’ its …

The Client profile: Wayne Spillett, Vodafone

The Client profile: Wayne Spillett, Vodafone

Unlike some flightier in-house counsel, Vodafone’s head of legal for commercial operations, IP and corporate secretariat, Wayne Spillett, has stayed loyal to the company for close to 13 years. After a lengthy conversation, it is easy to see why. Spillett studied both English and French law at the University of Exeter, developing a keen interest …

Strategic recruitment: Ropes makes triple private equity swoop as Latham loses energy partner to Milbank

Strategic recruitment: Ropes makes triple private equity swoop as Latham loses energy partner to Milbank

The hot legal recruitment market is showing no sign of cooling down with summer looming, as firms continued to strengthen their benches at home and abroad. Starting in May, Ropes & Gray took further steps towards its goal of becoming the go-to private equity practice in the City with the addition of partners Dan Oates, …

Gerrard revelations and Ince restaurant-gate pose ethical quandaries for profession

Gerrard revelations and Ince restaurant-gate pose ethical quandaries for profession

If the Ukraine invasion and its ensuing debates around right to representation inflicted a bruise on the legal profession’s reputation, recent professional misconduct episodes have surely left a greater wound. In early May, a Twitter post authored by a Cardiff restaurant owner went viral, containing claims that a group of Ince lawyers had behaved inappropriately …

International round-up: Ashurst pursues American dream with Texas opening as Eversheds expands in Bulgaria

International round-up: Ashurst pursues American dream with Texas opening as Eversheds expands in Bulgaria

In a week of globetrotting action for firms, Ashurst has solidified its American ambitions by opening a new office in Texas. In May, Legal Business reported that Ashurst was seeking to add depth in the US as a ‘strategic priority’, with chief executive Paul Jenkins stating the firm needed ‘to do more in the US over …

Osborne Clarke adds over €60m to top line amid buoyant financials

Osborne Clarke adds over €60m to top line amid buoyant financials

Osborne Clarke (OC) has joined the slew of firms reporting robust financials, today (13 June) unveiling a 19% increase in overall turnover from €341m to €407m. And in an endorsement of the UK market, domestic revenues jumped 20% from £166.4m to £199.1m. Profit per equity partner (PEP) also saw a notable increase, climbing 11% from …

BLM salaried partners forced to re-apply for roles as Clyde merger looms

BLM salaried partners forced to re-apply for roles as Clyde merger looms

Salaried partners at BLM will have to re-apply for their positions once the firm’s merger with Clyde & Co goes live on 1 July. Subject to a consultation, the salaried partners at BLM will be automatically transferred to Clyde with the title of legal director, and then given three options. Aside from remaining a director, …