Financials 2015/16: DAC Beachcroft posts 9% profit boost despite subdued turnover Legal Business As the firm continues gradual growth, DAC Beachcroft increased turnover to £202m, a 2% increase on last year’s £200m. Profit before…
‘Obviously some headwinds’: Clifford Chance revenue up 3% while PEP leaps by 10% Legal Business Clifford Chance (CC) has become the second Magic Circle firm to announce its financial results for the 2015/16 year, with…
‘Building our business’: Turnover growth stalls at Shoosmiths with 4% revenue rise Legal Business Shoosmiths has seen revenue rise 4% for 2015/16 to £107m, down on the firm’s double digit growth last year of…
US firms take roles as Melrose becomes first post-Brexit acquirer with $2.81bn Nortek purchase Legal Business In a post-Brexit referendum takeover which has seen turnaround group Melrose’s shares soar, Simpson Thacher & Bartlett and Weil, Gotshal…
‘Not where I’d like them to be’: Ashurst disappoints again with 10% revenue tumble Madeleine Farman Ashurst has posted its second year of falling revenues following its merger with Blake Dawson in 2013 with turnover dipping…
HSF delivers best post-merger revenue performance yet with revenues up 7% to £870m Legal Business Herbert Smith Freehills (HSF) has put in its strongest financial performance since its creation in 2012 through the merger of…
Clifford Chance latest to partner with tech firm Kira as major players make AI push Legal Business Clifford Chance (CC) has become the latest firm to increase its investment in technology initiatives, announcing this morning (5 July)…
OneSavings Bank takes Santander’s Elphick for GC role Legal Business Former Santander head of banking legal Jason Elphick has joined OneSavings Bank as group general counsel and company secretary.
Another one bites the dust: KWM’s former European head of finance leaves for Cadwalader Tom Moore The partner exits at King & Wood Mallesons‘ (KWM) City office keep coming, with former Europe head of finance, Jeremy…
Comment: GCs are just like private practice, so ‘Trust the lawyers’ won’t cut it for them either Legal Business Are you a Capitulator? A Coaster? A Champion? Comfortably Numb perhaps? To an in-house profession used to having its qualities…
Eastern Mediterranean expansion: Interlaw adds Rokas and Tohme to global network Matthew Field Interlaw has expanded its global referral network by adding two new member firms from the eastern Mediterranean.
Quinn acts on biggest UK lawsuit ever as MasterCard hit by £19bn claim Legal Business MasterCard has become the first big victim of new UK laws allowing US-style class actions, with litigation powerhouse Quinn Emanuel…
‘Very well-balanced’: Allen & Overy posts modest growth with revenue up by 2.3% Madeleine Farman The first of the Magic Circle to report financials this year, Allen & Overy (A&O) posted another year of growth…
Ashurst extends banking practice with KWM funds finance hire Madeleine Farman Ashurst has continued to hire into its banking practice, appointing King & Wood Mallesons (KWM) partner Robert Andrews to its…
In transformation: KPMG’s Barton to rework legal team amid review of external firms Kathryn McCann KPMG’s UK general counsel (GC) Jeremy Barton is leading a transformation of its legal team, while also reviewing the broad…
Improved strategy sees Addleshaw Goddard post modest revenue bump of 5% for 2015/16 Kathryn McCann Following the pattern of other mid-tier firms, which have seen slower growth this year compared to the financial year 2014/15,…
Financials 2015/16: Clyde & Co posts double-digit revenue growth and record PEP Legal Business Clyde & Co has posted an impressive 13% increase in turnover, topping last year’s 9% revenue boost amid a year…
Brexit challenged: Mishcon takes on article 50 action for mystery clients Legal Business Mishcon de Reya is preparing to launch a legal action over the triggering of article 50 and the process of…
Linklaters leadership shuffle: Senior partner candidate Comiskey made corporate head Legal Business Less than two months after missing out on the coveted senior partner role at Linklaters, Aedamar Comiskey has been made…
‘Questions remain’: Three former Barclays traders convicted in London Libor trial Legal Business The Serious Fraud Office (SFO) has secured a major win today (4 July) after three former Barclays traders were found…
