Comment: Less dire than expected but profession may yet squander influx of BAME lawyers Alex Novarese The good news is that up close the reality turns out to be not as awful as the cynics have…
CMS grows UK revenue 5% in second year post-merger but keeps profits under wraps Marco Cillario Revenue at CMS Cameron McKenna Nabarro Olswang hit £545.8m in 2018/19, 5% up on the previous year in what managing partner…
Taylor Wessing beset by Goodwin’s City expansion as four more partners defect Nathalie Tidman Goodwin Procter has made good on its promise to build out its City technology and life sciences bench having again…
Return to growth for Stephenson Harwood as PEP rises 9% and revenue tops £213m Thomas Alan Stephenson Harwood’s profit per equity partner (PEP) bounced back from two consecutive years of decline, rising 9% to reach £727,000…
City O’Melveny exodus continues as Akin Gump hires private equity funds duo Nathalie Tidman The London woes of Allen & Overy’s prospective merger partner O’Melveny & Myers have continued with the loss of private…
Serious money: Elevate bolsters acquisition chest with $25m backing while Orbital Witness raises £1.2m Thomas Alan Investment continues to flow into New Law and legal tech with US-based law company Elevate securing $25m in private equity…
Comment: A Big Four breakthrough will need a far better GC offensive Alex Novarese This title is on the record as having doubts regarding the Big Four’s legal ambitions, at least judged against claims…
Eversheds records double-digit growth as ‘uncertainty barometer’ rises Hamish McNicol Eversheds Sutherland (International) has built on its 2017 transatlantic merger with a second year of strong revenue and profit growth.…
Herbert Smith Freehills partner reported to SRA for threatening sexual harassment claimant Thomas Alan A woman who filed a sexual harassment case against her employer was allegedly told by a Herbert Smith Freehills (HSF) lawyer…
No Buzz Lightyear complex as Kennedys’ revenue tops £200m for the first time Hamish McNicol Kennedys senior partner Nick Thomas will be ‘very disappointed’ if the firm does not have another year of double-digit growth…
At best, murky: MPs slam ‘legally sanctioned secrecy’ of gagging orders in discrimination cases Nathalie Tidman A parliamentary select committee has condemned the ‘routine cover-up’ of discrimination allegations by employers as calls for a clampdown on…
Ashurst dismisses board member under cloud of misconduct Nathalie Tidman The board of Ashurst has asked Bernd Egbers, a Munich-based board member, to leave the firm ‘as a result of…
CC follows Freshfields with £100k package for junior lawyers as pay war with US rivals intensifies Marco Cillario Clifford Chance (CC) has become the second Magic Circle law firm to raise the starting pay for its associates to…
Deal watch: City teams fly on £4.6bn Rolls-Royce pension deal as Kirkland and Goodwin take multi-billion dollar mandates Nathalie Tidman Big-ticket deals have been fuelling the market in pensions, private equity and fundraising recently with UK top-10 firms and US…
Clydes senior partner Konsta to step down as firm grows revenue 11% in 2018/19 Marco Cillario Clyde & Co senior partner Simon Konsta (pictured) is to step down from his role in October just over half…
Revolving doors: Freshfields hire to leave DWF managed services role after less than a year Thomas Alan DWF’s New Law credentials have been dealt a blow as its managed services chief executive is set to leave the…
Government ushers in emergency pay boost for judges amid mounting staff shortages Nathalie Tidman The Ministry of Justice (MoJ) has ushered in an emergency boost to senior judges’ remuneration as an unprecedented recruitment crisis…
Cash in hand: Slaughter and May to pocket £6m in fees for advice on failed hostile bid Thomas Alan Slaughter and May is set to receive over £6m in fees after advising sub-prime lender Non-Standard Finance (NSF) on its failed…
Herbert Smith Freehills to scale back German operation with Berlin office closure Thomas Alan Herbert Smith Freehills (HSF) will be closing its Berlin office by the end of the year, reducing the firm’s German…
Dentons UK and Middle East revenue nears £230m in first post-Scotland results Marco Cillario Dentons’ UK and Middle East revenue rose 13% to £229.8m in 2018/19 but growth in profit per equity partner (PEP)…
