Simmons gets on the legal technology and data Wavelength with start-up acquisition Thomas Alan Simmons & Simmons has made a rare acquisition in the form of legal engineering start-up Wavelength for an undisclosed sum.…
Revolving doors: City move for Weil as HSF adds duo in South Africa Muna Abdi In a quiet week for lateral recruitment, Weil, Gotshal & Manges hired from Ashurst in the City as other firms made…
Spin-offs likely as Mishcon ‘considering all options’ for a capital raise Hamish McNicol Mishcon de Reya is considering options for raising capital in a bid to fund its ‘ambitious plans’ for growth, including…
A long-time coming: Shepherd and Wedderburn lands in Dublin amid Brexit uncertainty Anna Cole-Bailey Shepherd and Wedderburn has become the latest firm to set up shop in the Republic of Ireland in response to Brexit.…
Dealwatch: Kirkland and CMS drink in $3bn pub group takeover as Slaughters and Latham analyse Moody’s disposal Muna Abdi In the customary rush to get deals over the line before the summer lull, the City and US elite have…
Two Clydes lawyers suspended for alleged financial breaches Muna Abdi Clyde & Co has suspended two lawyers, including a partner, while alleged breaches of accounting rules are investigated. The firm…
Death and taxes: UK legal and accountancy firms hand over £19bn to the public purse Thomas Alan The legal and accounting sectors contributed an eye-catching £19.1bn in tax to the UK economy in 2018, suggests a new…
Thomson Reuters makes ‘transformational’ HighQ acquisition as ContractPodAi raises $55m Anna Cole-Bailey Thomson Reuters has snapped up legal software provider HighQ, making good on plans to bolster its cloud-based software products after…
Baker McKenzie steps up to associate pay war with 20% NQ salary uplift Marco Cillario Baker McKenzie has become the latest law firm to put its newly-qualified (NQ) solicitors in line for a six-digit pay…
Paul Hastings targets private equity again with Hogan Lovells trio Thomas Alan Paul Hastings has made a significant private equity play at the expense of Hogan Lovells, hiring a three-partner transatlantic team.…
TLT banks 7% revenue lift as £500k experimentation fund beds in Hamish McNicol TLT has its sights on the £100m revenue barrier after adding nearly 50% to its top line over the last five…
Gateley clears £100m ‘psychological barrier’ as incoming CEO pledges more of the same Hamish McNicol The incoming chief executive of the UK’s first listed law firm, Gateley, says he reflects a ‘comforting continuance’ of the…
Italian job: HSF hires two partners from Paul Hastings in Milan energy drive Thomas Alan Herbert Smith Freehills (HSF) has hired a six-strong energy and infrastructure team from Paul Hastings, with two partners and four…
Revolving doors: Baker McKenzie expands £40m City tax practice as Eversheds makes multiple hires Muna Abdi In a muted week for lateral recruitment, Baker McKenzie and Eversheds Sutherland made hires in the City, while Eversheds also grew on…
Change was necessary: Ashurst joins the war for talent with 9% NQ pay raise Nathalie Tidman City stalwart Ashurst has followed suit with peers in the Square Mile to raise the salary for newly-qualified solicitors (NQs), upping…
Continuing apace: Stevens & Bolton posts eighth year of growth amid 9% revenue rise Muna Abdi South East heavyweight Stevens & Bolton has completed its eighth successive year of growth, posting a 9% turnover increase to…
Dice falls in Linklaters’ favour as partner profits shoot up 10% and £100m added to top line Marco Cillario Linklaters has posted the strongest financial performance of its peer group with a 7% revenue uptick to £1.63bn and double-digit profit…
Not easy out there: A&O adds £75m to its top line amid muted PEP showing Nathalie Tidman Bringing up the rear of the Big Four City firms to post solid but unspectacular financial results, Allen & Overy…
Some challenges: Travers ups NQ pay range following 11% revenue growth and subdued PEP Muna Abdi Travers Smith has marked a tenth consecutive year of revenue growth with an 11% increase in turnover, although profit per equity…
Macfarlanes’ revenue continues to defy gravity but PEP holds steady Marco Cillario City stalwart Macfarlanes has posted a mixed bag of financial results as the ninth consecutive year of revenue growth failed to…
