The Bar Standards Board (BSB) has received approval from the Legal Services Board (LSB) for its application to regulate businesses that are authorised to carry out and provide reserved legal activities.
£1.25bn in revenue: Linklaters top earner brings home £2.4m as profits rise 7%
Recently filed accounts at Companies House have shown the highest paid member of the Linklaters partnership took home £2.4m at the end the last financial year, £100,000 more than in 2013.
Guest post: money or culture? What culture really means to law firms
Circling in the wings around almost any discussion of management and leadership issues in law firms, sometimes touted as a virtue above all others and sometimes only alluded to with caution, as one might a wraith, is the issue of a firm’s ‘culture’.
Leadership: managing partner candidates emerge as Freshfields elections loom
With next year being David Aitman’s final period as global managing partner at Freshfields Bruckhaus Deringer, two partners are emerging as standout candidates to take on the management of one of the world’s largest and powerful law firms.
Bar shuffles: Matrix hires media silk Millar from Doughty Street
High-profile silk Gavin Millar QC is set to join Matrix Chambers from Doughty Street in a bid to enhance its media, employment and sports law teams.
Guest post: judicial review at bay – playing ping pong with the Criminal Justice and Courts Bill
Judicial review has been described by Liberty as ‘a crucial tool which allows ordinary people to challenge decisions by the authorities – either because they’re unlawful, irrational, or made in the wrong way’. This tool has come under attack from the Government. In this post, I look at the House of Commons debate on 1 December when House of Lords amendments to the Criminal Justice and Courts Bill were considered.
Dealwatch: Magic Circle lead on £5.2bn Aviva takeover of Friends Life
In one of the biggest deals the UK insurance sector has seen in years, Aviva‘s acquisition of Friends Life for £5.2bn has also gifted Magic Circle trio Linklaters, Allen & Overy and Clifford Chance with leading advisory roles.
Worst-kept secret: Locke Lord and Edwards Wildman approve combination
Dallas-bred Locke Lord and Boston’s Edwards Wildman Palmer have rubber-stamped their high-profile union, today (1 December) announcing that their respective partnerships have approved a combination from 10 January 2015, a move which will generate gross revenues of $675m and a headcount of 1,000 lawyers.
‘Culture of valuing and recognising everyone’s contribution’: Slaughters unveils bumper associate bonus package
Slaughter and May has increased the size of its annual bonuses, with associates qualified for more than four and a half years set to receive an additional 15% on top of their salary.
US expansion: Clifford Chance boosts Washington office with Bingham structured finance team
Clifford Chance has recruited a five-strong team from beleaguered US firm Bingham McCutchen to its Washington DC office, led by partners Robert Gross and William Cejudo, in a bid to enhance its US structured finance and real estate finance offering.