A year since its much-touted launch, Fieldfisher’s alternative legal services platform Condor has agreed a partnership with pioneering legal outsourcer Integreon.
Launched in January 2017, Condor is a division of LB100 pacesetter Fieldfisher that offers clients a flexible package of process-efficient services. Among those on offer are contract negotiation outsourcing, contract automation and AI and robotics.
The old days when the only ways in and out of a Magic Circle partnership were promotion and retirement (forced or otherwise) seems like ancient history with this week already seeing Allen & Overy (A&O) make a rare City hire as Freshfields Bruckhaus Deringer loses one of its own in Europe.
A&O’s move sees the firm recruit partner Ben Regnard-Weinrabe from the London arm of Paul Hastings as the City giant moves to bolster its position in the fast-expanding payment services sector. Regnard-Weinrabe has been a partner in the banking practice of Paul Hastings since 2014. He had been credited with establishing and leading a practice focused on payment services regulation and fintech.
Pinsent Masons has lifted its 2018 partner promotion numbers after a slight dip last year, but the proportion of female promotions has fallen ahead of its target of a 30% female partnership by 2020.
The firm has made up 23 partners, effective 1 May, up from last year’s 16. A quarter of the promotions are female, sharply down from last year’s 68%, when Pinsents reached its 25% female representation target a year early.
The Big Four accountancy firms have set a precedent for their legal counterparts by disclosing updated gender pay gap figures that include equity partners.
The result is a substantial increase in the pay gap between men and women, adding pressure on law firms to follow suit and reveal the disparity in remuneration at the top.
Pinsent Masons has sold one of its earliest New Law investments to financial information giant Dow Jones for an undisclosed sum, citing a need for it to move on for its next phase of growth.
The firm has sold online compliance solutions business Cerico, which it launched in 2013 as a joint venture with IT consultancy Campbell Nash and latterly upped its investment to a majority stake in 2015. Pinsent Masons retains a ‘strategic relationship’ with Dow Jones following the sale, meaning it will continue to provide and be paid for legal content, compliance support and consultancy to Dow Jones clients, when required.
The string of sexual harassment scandals that are blighting the legal profession shows no sign of stopping, with Herbert Smith Freehills (HSF) becoming the latest firm to fire a partner following claims of workplace misconduct.
An unnamed male partner based in Australia was suspended from the partnership on 9 March, after an internal investigation discovered evidence of misconduct. The investigation came after a number of female employees of the firm made claims of sexual harassment. HSF will remove the partner from the partnership on 23 March.
Six former Cobbetts partners have been fined by the Solicitors Disciplinary Tribunal (SDT) after an admission of failings relating to the firm’s high-profile collapse in 2013.
The six partners – which includes former managing partner Nicholas Carr and senior partner Stephen Benson – were found to be in breach of Solicitors Regulation Authority (SRA) principles by failing to enact an appropriate contingency plan. All six were referred to the SDT last year following allegations of providing misleading information and exhibiting manifest incompetence.
A resounding indication of the impact funders are having on the disputes market, Burford Capital has unveiled impressive financial results underlined by a 109% rise in income.
Elsewhere, the Serious Fraud Office (SFO) has been chastised by a judge over the quality of one of its witnesses, while Berwin Leighton Paisner (BLP) has won a High Court case after the first use of predictive coding technology.
City firm Lewis Silkin is to follow in the footsteps of Simmons & Simmons, Covington & Burling and Pinsent Masons by launching a Dublin office.
The new outpost, which will focus on Lewis Silkin’s core strength of employment law, is set to open on 3 April. To staff the new office it has hired employment specialist Siobhra Rush , who will join from local firm Leman Solicitors. On launch, Rush will be supported by London-based partner Sean Dempsey, with fellow City associates Catherine Hayes and David Hopper offering reinforcements when needed.
The world’s largest law firm by fee-earners, Dentons, is continuing its relentless global expansion as it announces new combinations with seven law firms across Africa, the Caribbean and South East Asia today (14 March).
Dentons is combining with Hamilton, Harrison & Mathews in Kenya, Mardemootoo Solicitors and Balgobin Chambers in Mauritius, Dinner Martin in the Cayman Islands, Delany Law in the Eastern Caribbean, Hanafiah Ponggawa & Partners (HPRP) in Indonesia, and Zain & Co in Malaysia. The combinations mean the firms become full voting, contributing and participating members of the Dentons group, and are expected to launch later this year subject to partner approval and meeting regulatory requirements.