External investment trend continues as offshore leader seals private equity deal Will Lewallen Offshore law firm Walkers has agreed a deal with private equity house Vitruvian Partners to co-invest in its corporate services…
Thirty firms win roles in revamped £820m government legal panel – with three new appointments Theresa Hargreaves The Crown Commercial Service (CCS) has announced its final legal panel, worth up to £820m, with a total of 30…
‘A slippery slope in one direction’ – white collar partners raise concerns over plans to cut jury trials Kate Peacock White collar partners have warned of the ‘slippery slope’ facing the UK criminal justice system, following the news that jury…
A&O Shearman’s first post-merger accounts reveal scale of pension deficit and partner capital injections Eliza Winter A&O Shearman has filed its first set of accounts as a merged firm, shedding light on the financial implications of…
‘Anything that begins with admin is at risk’ – the pressures fuelling firms’ business services cuts Eliza Winter Recent weeks have seen a flurry of major law firms confirm plans to restructure their paralegal ranks and business services…
Sidley leader Yvette Ostolaza on role models, ambition and private investment in law Alex Ryan Yvette Ostolaza is Sidley’s management committee chair – a role she has held since 2022 – and a commercial litigator.…
‘For us, it all came together’ – how Proskauer built a London high yield offering in 12 months Alex Ryan ‘When you start a new practice, there are a tremendous amount of variables,’ says Jake Keaveny, head of European capital…
‘There’s definitely competition around rates’ – Clifford Chance and Linklaters match Cravath bonuses for US associates Kate Peacock Clifford Chance and Linklaters will match Cravath scale year-end and special bonuses for associates across their US offices, but not…
‘Puts our money where our mouth is’ – partners size up the key measures in Budget 2025 Will Lewallen The usual period of pre-Budget speculation was ended prematurely yesterday (26 November) when the Office for Budget Responsibility inadvertently published…
‘It was never a marriage made in heaven’- what Norton Rose Fulbright’s exit means for South Africa Kate Peacock Earlier this month, Norton Rose Fulbright (NRF) became the third major firm to withdraw from South Africa in just over…
Slaughters, Gibson Dunn lead on Daily Mail’s £500m Telegraph Media Group acquisition Eliza Winter Slaughter and May is advising Daily Mail and General Trust plc (DMGT) on its proposed acquisition of the Telegraph Media…
City of London Law Society and partners launch North East SQE scholarship in honour of Stephen Denyer Kate Peacock A new scholarship for aspiring social welfare solicitors in the North East of England has been launched to honour Stephen…
The rise of CLOs: how the structured finance niche became one of the hottest lateral markets Will Lewallen Collateralised loan obligations (CLOs) have been an important, if somewhat obscure, part of the finance ecosystem for many years. However,…
Cohen & Gresser follows McDermott in eyeing up external investment Eliza Winter Cohen & Gresser is positioning itself to become one of the first US law firms to tap external capital, confirming…
Paul Hastings makes fourth London lateral in November with funds finance partner Will Lewallen Paul Hastings has hired its fourth lateral partner in London this month, bringing over funds finance partner Jennifer Passagne from…
Revolving Doors: Latham hires real estate partner as HSF Kramer loses partners in London and Middle East Eliza Winter Leading the high profile hires this week, Latham & Watkins has continued its financial sector push with a notable partner…
‘There’s never been a merger of equals of firms this size’ – what the market thinks about Ashurst Perkins Coie Eliza Winter ‘Bringing together two firms with more than a billion dollars in revenue each has never been done before. There’s never…
Clifford Chance to cut 10% of London business support staff Eliza Winter Clifford Chance (CC) is set to cut around 10% of its business services staff in London, as part of a…
Trading places: Skadden creates new C-suite role as Davis Polk makes trophy sports signing Alex Ryan Skadden has appointed its first chief digital and information officer, hiring PwC partner Vince DiMascio (pictured) into the newly created…
‘This was not a good idea and we’re entitled to say so’ – LLP tax proposals get short shrift Kate Peacock After alarm bells were raised last month, Chancellor Rachel Reeves is now reportedly U-turning on plans to apply employers’ national…
