Ashurst to lose five remaining New York structured finance launch partners to US firm

Ashurst to lose five remaining New York structured finance launch partners to US firm

Five New York-based partners are to leave Ashurst for US finance firm Chapman and Cutler, completing the full departure of the ten-partner team the firm hired from McKee Nelson in 2009 to launch a structured finance practice. Collateralised loan obligation (CLO) partners Pat Quill, David Nirenberg, Steve Kopp, Doug Bird and Tom Glushko will all leave Ashurst …

‘A new challenge’: Freshfields antitrust veteran Jon Lawrence to leave for Brick Court

‘A new challenge’: Freshfields antitrust veteran Jon Lawrence to leave for Brick Court

Freshfields Bruckhaus Deringer competition litigation head Jon Lawrence is to leave the firm to pursue a career as a barrister at Brick Court Chambers. Lawrence, who works in the EU dispute resolution group and heads the firm’s competition litigation team, as well as co-leading its cartel skills group. Lawrence, who has worked at Freshfields for over …

Fieldfisher posts 100% autumn trainee retention rates for second consecutive year

Fieldfisher posts 100% autumn trainee retention rates for second consecutive year

Fieldfisher is retaining all of its London-based trainees for a second consecutive year, with a 13-strong cohort qualifying into a range of practice areas. The newly-qualified lawyers (NQs), who will earn £63,000 a year, will join Fieldfisher’s corporate, dispute resolution, employment and pensions, finance, intellectual property, regulatory, property litigation and technology practices.

Financials 2017: Pensions boutique Sackers records 16% fall in PEP as revenue static

Financials 2017: Pensions boutique Sackers records 16% fall in PEP as revenue static

Turnover at boutique pensions firm Sacker & Partners has slowed after last year’s strong growth, with average profit per equity partner (PEP) dropping to 794,000, 16% less than the previous year. This year, Sackers also recorded stagnant turnover and a 5% fall in net income from £13.3m to £12.7m. Revenue at the firm, which focuses on pensions …

Trowers and Withers post fall in autumn trainee retention rates

Trowers and Withers post fall in autumn trainee retention rates

Trowers & Hamlins will retain 70% of its second-year trainees in newly-qualified (NQ) roles this autumn, while Withers has decided to keep 73% of its final-year group this year, both a fall from last year’s retention rates. Seven Trowers’ trainees from ten-strong cohort will be retained to qualify into the firm’s commercial property, corporate, construction and real estate …

Mishcon boosts fledgling cyber security consultancy service

Mishcon boosts fledgling cyber security consultancy service

Mishcon de Reya has brought in Mike Owen from PwC as the fourth member of its expanding cyber security consultancy service, advising clients on cyber intelligence, risk consultancy and reputation management. In a month of global cyber attacks, the new cyber security adviser, who previously worked at BAE Systems and Sage Pay, joined Mishcon’s non-lawyer …

‘Should be the end of the proposal’: Queen’s Speech reprieve for SFO as abolition move recedes

‘Should be the end of the proposal’: Queen’s Speech reprieve for SFO as abolition move recedes

Theresa May’s Conservative manifesto pledge to subsume the Serious Fraud Office (SFO) into the National Crime Agency (NCA) was absent from June’s Queen’s Speech, with lawyers welcoming the prospect of the merger being shelved. The speech, outlining the next two years’ statutory agenda, instead introduced a UK repeal and a customs bill and related European …