Leading the high-profile moves this week, Paul Weiss hired Akin restructuring partner Liz Osborne in London for its much-anticipated European practice launch.
Leaving Akin after almost a decade at the US firm, Osborne will join Paul Weiss as the head of European restructuring.
Latham & Watkins, Freshfields Bruckhaus Deringer and A&O Shearman are among the most-nominated firms at the 27th annual Legal Business Awards, the shortlist for which has been unveiled today (click here for the full list of nominees).
The trio, which have a total of 18 nominations between them, are all up for the prestigious Law Firm of the Year prize. To win, they will have to see off competition from fellow nominees Brodies, Burges Salmon, Freeths, Osborne Clarke, Pinsent Masons and Paul Weiss at the ceremony on 17th September at Grosvenor House.
McDermott Will & Emery has become the latest firm to increase pay for London associates, raising salaries for newly qualified (NQ) associates to $225,000 as competition for talent among firms in the City intensifies.
Shopping centre owners have weathered a difficult few years, with the rise of e-commerce, Covid and the cost of living crisis causing much grief for those with stakes in bricks and mortar retail.
There is cause for optimism, however, with private equity firm L Catterton’s acquisition of Hammerson’s £1.5bn stake in Value Retail – owner of the Bicester Collection – emblematic of increasing confidence in the sector, and raising hopes of a continued recovery in deal activity.
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14%
Clifford Chance (CC) has become the third magic circle to reveal its financial results for 2023-24, posting global revenue growth of 9% to £2.3bn, up from 5% last year.
Simmons & Simmons and Bird & Bird have both posted revenue growth of 10%, as major UK firms continue to report healthy results for the last financial year.
Taylor Wessing has become the latest firm to announce solid results for 2023-24, revealing a 9.5% increase in global revenue to £480.7m.
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
Kirkland & Ellis is overhauling its equity partner exit terms – ushering in new policies to withhold compensation for departing partners, as well as slashing notice periods and speeding up the time it takes those leaving to be repaid their capital.
