Financial results round-up: Freshfields tops UK elite firms Legal Business Magic Circle firm shines with 7% revenue spike in flat market Freshfields Bruckhaus Deringer has led the Magic Circle for…
It’s now or… later. Hogan Lovells to make decision on dual chief executive structure Legal Business Hogan Lovells’ senior management has begun discussions over whether to retain the firm’s dual US-UK chief executive (CEO) structure or…
BT moves to extend its use of legal outsourcing in the UK Sarah Downey BT has begun an extensive legal process outsourcing (LPO) tender for its work in India and the US and is…
Ashurst’s new Glasgow unit ‘part of a continuing trend’ Jaishree Kalia Law firms look outside City to meet client cost expectations It is a sign of the times that the majority…
Legal profession forms united front on proposed cuts to legal aid Legal Business Last month court staff across the country took the unusual step of going on strike in a rare show of…
Calm down, it’s just an IPO David Stevenson IPO market set for best year since 2007 While corporate partners continue to protest about the lack of large mandates…
Back at the gate: US invaders raise fresh questions over private equity status of CC and Linklaters David Stevenson David Stevenson surveys a fast-changing buyout landscape to find US ‘barbarians’ once again pressing in on City leaders Unfortunately for…
A&O finance veteran joins Co-op Jaishree Kalia Alistair Asher takes on GC role as firm acts on major bank rescue Securing a major deal and having one…
Slaughters leads on Punch Taverns £2.4bn debt restructuring Francesca Fanshawe Longstanding Magic Circle client warns creditors that it could face administration Slaughter and May is advising Punch Taverns on its…
Landmark Prest v Petrodel Resources verdict reached Caroline Hill Supreme Court decision hailed as end to ‘cheat’s charter’ The landmark divorce battle between Yasmin and Michael Prest came to…
Mills & Reeve adds DLA’s defendant insurance team Legal Business DLA completes withdrawal as CMS adds RPC head Mills & Reeve and CMS Cameron McKenna boosted their offerings at opposite…
Visa Europe’s GC joins A&O’s global antitrust practice Caroline Hill Allen & Overy (A&O) has hired Visa Europe’s general counsel (GC), executive vice president and company secretary Vanessa Turner as…
Taylor Wessing to review secretarial jobs Sarah Downey 96 London support staff put on notice of potential redundancy. Taylor Wessing is to make 26 of its City secretaries…
All or nothing: Only a handful of DBAs entered into as confusion reigns over hybrid model Legal Business ‘It’s an extraordinary thing – hundreds of lawyers should have entered into damages-based agreements (DBAs) by now.’ So says Leslie…
Shell completes review of global legal panel Caroline Hill Linklaters, Norton Rose and Baker & McKenzie win spots Royal Dutch Shell concluded its extensive global panel review at the…
Redundancy announcements increase as top partners predict difficult H2 for UK firms David Stevenson Continuing pressure on UK legal market threatens largest redundancy levels since 2009 The level of legal redundancies this year is…
HSF merger throws up partnership issues as Herbert Smith issues cash call Legal Business Global giant raises capital and shakes up corporate as HSF moves through merger integration The merger between Herbert Smith and…
Magic Circle unveils new pay levels Jaishree Kalia Four of the five Magic Circle firms have now revealed their decisions on newly qualified (NQ) and trainee salaries, with…
Ashurst takes lead role in headline deals Francesca Fanshawe Top 15 UK firm advises clients Commerzbank and Morrisons Ashurst is leading on two headline transactions announced in mid-May as…
Cinven gifts Freshfields with IPO while HSF defends Severn Trent Jaishree Kalia A handful of major corporate mandates were unveiled last month as private equity house Cinven kicked off its £1.4bn proposed…
