Solicitors set to own non-regulated businesses after watchdog levels ‘the playing field’ with ABSs Legal Business The Solicitors Regulation Authority (SRA) has decided to relax the Separate Business Rule, allowing law firms to own outside businesses…
Freshfields’ Pugh and Braham form unity ticket as teams assemble in leadership election Legal Business After Freshfields Bruckhaus Deringer veterans Edward Braham and Christopher Pugh (pictured) canvassed separately and were set to go head-to-head for…
Enyo hires Eversheds partner and intelligence duo to tackle business in ‘unusual jurisdictions’ Legal Business In a sign of the travails facing law firms doing business in ‘unusual jurisdictions’, Enyo Law has established an in-house…
DLA Piper enters booming contract lawyer market with Peerpoint-style alumni venture Legal Business DLA Piper is to launch a flexible working unit to rival Allen & Overy’s (A&O) Peerpoint and other alumni-based ventures…
Clifford Chance’s New York office loses corporate duo to Greenberg Traurig Legal Business Clifford Chance’s (CC) ambition to build its New York office have suffered a setback with the loss of M&A duo Ivan…
Financials 2014/15: Taylor Wessing’s UK operations see revenues rise 8% and PEP reach £767k Legal Business Taylor Wessing has released its financials for 2014/15 with UK revenues increasing by 8.2% to £121m from £112m last year…
CC matches peers in associate salary race – both Slaughters’ £70k NQs and Links’ 3 year PQE pay Legal Business Clifford Chance has revealed its 2015 pay bands for newly-qualified (NQ) lawyers, matching the £70,000 NQ rates of Slaughter and May while also meeting…
Kirkland exits continue as high-yield heavyweight McKimm set to join Freshfields Legal Business Reversing the trend of partners departing Magic Circle firms for US rivals, Freshfields Bruckhaus Deringer, subject to a partnership vote, is…
Addleshaws launches AG Consulting ahead of contract lawyer offering Kathryn McCann As it looks to return to its pre-financial crisis form Addleshaw Goddard is set to launch AG Consulting, which will…
Dealwatch: White & Case, CC and Debevoise among raft of firms on SPIE’s €700m revived float Tom Moore White & Case capital markets duo Thomas Le Vert and Philippe Herbelin, alongside corporate partner François Leloup, have resurrected the…
Comment: Lockstep has to go for Magic Circle to enter new global elite Legal Business Conservatism and intransigence are qualities often bemoaned in the legal industry, in many cases beyond their manifestation. But there is…
A&O ushers in bonus pool for ‘exceptional partners’ as City giants edge from lockstep Jaishree Kalia With the Magic Circle facing increasing pressure from US firms’ ability to pay top dollar for star talent, Allen &…
Six months after surprise exit, ex-Olswang head Stewart packs his bags to re-emerge at Caribbean law firm Legal Business After having unexpectedly stepped down from his role as Olswang’s chief executive in October last year amid differences with other…
DLA builds LatAm presence with Colombia pact as firm hopes to leverage Spanish relationships Legal Business Just three months after sealing its entry into Canada by combining with local firm Davis, DLA Piper has continued its…
Financials 2014/15: Fieldfisher revenues rise 9% while PEP jumps 22% to pass £500,000 Legal Business A year since it edged past the £100m barrier, revenue at tech-heavy law firm Fieldfisher rose by 9% to reach…
DAC Beachcroft set for defining post-merger management election Kathryn McCann DAC Beachcroft is gearing up for a management election this summer between both insurance and non-insurance partners as the firm…
After downsizing Germany Orrick bucks trend with Geneva launch as US firm bolsters arbitration credentials Jaishree Kalia Having recently shut two out of four of its German offices as it refocuses its European strategy, Orrick, Herrington &…
Defendants shift advisers in favour of Quinn Emanuel in Arcadia $335m oil trading case Tom Moore Quinn Emanuel Urquhart & Sullivan’s Ted Greeno has been brought in to defend ex-Arcadia Petroleum chief executive Peter Bosworth and…
Having lost two Magic Circle clients, University of Law sold to GUS less than three years after purchase Legal Business Europe’s largest law school The University of Law (ULaw) has been sold by Montagu Private Equity to Global University Systems…
Financials 2014/15: Bond Dickinson passes the £100m revenue mark with 7% growth Kathryn McCann In its first full financial year since its May 2013 merger, Bond Dickinson has surpassed the £100m mark with a 7% growth…
