‘Getting access to the talent’ – The profession struggles to react as sweeping training reform looms

‘Getting access to the talent’ – The profession struggles to react as sweeping training reform looms

Thomas Alan reports on a lively LB debate on training the solicitors of tomorrow

With the new Solicitors Qualifying Examination (SQE) primed for a 2021 launch; a new generation of lawyers entering the industry; and the partnership model under increasing strain, the legal education sector is set for its largest upheaval in a generation. Continue reading “‘Getting access to the talent’ – The profession struggles to react as sweeping training reform looms”

RPC’s surprise partnership shake-up signals focus on next generation but is the firm still playing too safe?

RPC’s surprise partnership shake-up signals focus on next generation but is the firm still playing too safe?

Marco Cillario assesses the background to RPC’s decision to abandon all-equity structure

At a November press event held by a top-25 UK law firm, Legal Business was struck by a sudden spike in the guests’ interest in RPC. The 76-partner firm has long been a respected insurance and litigation business, and solid mid-weight operator, but not generally a firm to cause too many ripples of interest among peers. Continue reading “RPC’s surprise partnership shake-up signals focus on next generation but is the firm still playing too safe?”

Three firms cut as National Grid unveils panel following ‘pay to play’ review and BAE loses longstanding legal chief

Three firms cut as National Grid unveils panel following ‘pay to play’ review and BAE loses longstanding legal chief

Anna Cole-Bailey rounds up the latest in-house panel reviews and moves

In a busy month of in-house activity, National Grid revealed the line up of its new legal panel, Lombard International embarked on creating its first-ever legal roster, and blue chips BAE Systems and Lloyds Banking Group lost senior legal heads. Continue reading “Three firms cut as National Grid unveils panel following ‘pay to play’ review and BAE loses longstanding legal chief”

A boon for Global London firms on big-ticket buyouts as US investors target hot tech assets

A boon for Global London firms on big-ticket buyouts as US investors target hot tech assets

The take-private market has cooled after a prolonged spree of deals across Europe but US investors have continued to pile cash into non-domestic assets, with Kirkland & Ellis, Latham & Watkins, Baker McKenzie and Simpson Thacher & Bartlett all commanding lead roles on multi-billion-dollar transactions with a tech flavour in recent weeks.

Blackstone’s proposed $3bn acquisition of a majority stake in MagicLab, the London-based dating and social networking app start-up, spelled instant attraction for transatlantic teams from Simpson Thacher and Bakers. Continue reading “A boon for Global London firms on big-ticket buyouts as US investors target hot tech assets”

Goodwin and Eversheds make bold corporate plays amid hopes of increasing City transactional firepower

Goodwin and Eversheds make bold corporate plays amid hopes of increasing City transactional firepower

Goodwin Procter and Eversheds Sutherland both made significant corporate hires in November, with the pair recruiting Kirkland & Ellis partner Carl Bradshaw and Simmons & Simmons former head of UK corporate Giles Dennison respectively.

For Goodwin, the hire of Bradshaw comes during an expansive period for the firm, particularly in private equity. He brings nine years of experience from Kirkland – four of which were as partner – and a practice that focuses on cross-border private equity deals; leveraged buyouts; carve-outs; public-to-privates; consortium deals; and co-investments. Continue reading “Goodwin and Eversheds make bold corporate plays amid hopes of increasing City transactional firepower”

Significant hires

Significant hires
  • Simmons & Simmons added to its international banking practice with the hire of Kirsty Barnes, formerly Gowling WLG’s head of banking and finance in the UK. Barnes brings with her experience in leveraged and acquisition finance, real estate finance and corporate lending transactions.
  • CMS Cameron McKenna Nabarro Olswang hired pensions partner Tim Green from DWF, where he was the national head of its pensions team, advising on trustees, sponsors and government providers. Green had been at DWF for almost seven years. Continue reading “Significant hires”

Life During Law: Segun Osuntokun

Life During Law: Segun Osuntokun

I was born in Nigeria as one of five children. My parents were medical doctors. My father was one of Nigeria’s pre-eminent neurologists, and quickly became globally renowned. A typical aspirational father, he built himself up through effort and excellence and thought all his children should be equally excellent. By the age of 15 I was sent to a boarding school in England to do my A levels. After that I did an economics degree at Queen Mary London.

I went back to Nigeria and did national service. Not as exciting as it sounds, more community service than military service. Did that for a year and part of it was working in a bank. It was not for me. Continue reading “Life During Law: Segun Osuntokun”

Sponsored briefing: Celebrating the successes of the legal sector

Sponsored briefing: Celebrating the successes of the legal sector

Ahead of the 2020 Legal Business Awards, James Tsolakis of NatWest reports on the past year’s developments for the profession

As the deadline for the 2020 Legal Business Awards entries closes, there is much to reflect on and celebrate in the UK legal sector. Once again, NatWest is delighted to be the headline sponsor of the awards and recognise the success of the legal sector as it continues to support major global transactions, reshaping the commercial world domestically and internationally. Continue reading “Sponsored briefing: Celebrating the successes of the legal sector”

Growth and investment define New Law as frontrunners make big gains

Growth and investment define New Law as frontrunners make big gains

Industry pioneers are attracting public and private interest in alternative models

While many lofty predictions of New Law’s rise remain unrealised, the market’s traditional champions have all made major contributions to its growth in recent weeks. Flexible lawyering business Axiom engaged in a surprise private equity (PE) sale; US alternative provider UnitedLex turned over $350m in an impressive year; while Elevate achieved revenues of £76m in another record result. Continue reading “Growth and investment define New Law as frontrunners make big gains”