Gateley IPO pioneer Ward to stand down as chief executive Hamish McNicol The man who led Gateley in its pioneering move to become the first UK law firm to float on the public…
Pinsents holds back ‘significant’ investment from partner profits amid 7% revenue growth Hamish McNicol Pinsent Masons has ring-fenced ‘significant funds’ from partner profits in a bid to prioritise investing in the business, in turn cutting…
Revenue continues to fly at Bird & Bird as PEP growth lags behind Marco Cillario Global traveller Bird & Bird has recorded its 28th consecutive year of revenue growth, hiking its top line 7% to…
Knights eyes another four acquisitions after 51% revenue increase in first post-IPO results Thomas Alan Knights has produced a strong debut financial year following its AIM listing, with acquisitions and organic growth propelling the firm…
NRF hires the mind behind Barclays radical panel shake-up to launch legal ops consulting arm Marco Cillario Norton Rose Fulbright (NRF) is making an ‘offensive move’ against the Big Four on legal operations consulting with the hire of…
Revolving doors: Ashurst bolsters project finance as Eversheds expands in the Netherlands Muna Abdi In a week dominated by European hires, Ashurst and Dentons turned to the City with hires in project finance and data privacy,…
Ashurst set to reach £1m PEP target after 31% surge as revenue tops £641m Nathalie Tidman Paul Jenkins, Ashurst’s indomitable managing partner, is aiming to reach profit per equity partner (PEP) of £1m in the next…
Getting on with it: resilient market provides growth for Scottish independents Hamish McNicol Scottish independents Brodies and Shepherd and Wedderburn have continued their strong growth tracks despite ongoing uncertainty. Brodies, Scotland’s largest firm, had a…
In-house: Severn Trent open to extending panel beyond Eversheds’ sole-adviser role Anna Cole-Bailey Severn Trent group general counsel (GC) Bronagh Kennedy (pictured) is keeping an open mind as to how many firms will…
Corporate picks up disputes slack as HSF profits climb 11% Thomas Alan Revenue growth at Herbert Smith Freehills (HSF) remains sluggish after a strong year for the corporate practice was offset by a…
We’re in control: DACB clears debt as revenue lifts 6% in ‘more difficult’ market Hamish McNicol DAC Beachcroft (DACB) has cleared nearly £40m of debt in about four years, providing the icing on a financial cake…
Prohibitively expensive: Pinsent lands £25m litigation funding deal Muna Abdi Pinsent Masons has secured a £25m preferred-supplier deal with litigation funder August Ventures to offer ‘non-recourse’ funding at better terms than…
‘Uncertainty is now having an impact’: revenue and profit growth slow at Simmons Thomas Alan Simmons & Simmons saw growth slow last year following a ‘much tougher’ second half in the UK, as uncertainty begins to…
Private equity provides the pace as Freshfields posts second year of steady growth while net profits edge up Nathalie Tidman Freshfields Bruckhaus Deringer has become the second of the Magic Circle to reveal 2019 results, posting a 6% uptick in…
Travers’ private equity star Dolman joins Summerfield at the corporate helm Muna Abdi Travers Smith has appointed Paul Dolman as co-head of corporate in addition to his existing role of head of private equity…
CC reveals first Magic Circle 2018/19 results as PEP grows just 1% and revenue nears £1.7bn Marco Cillario Clifford Chance (CC)’s managing partner Matthew Layton spoke of ‘times of investment’ and pointed to his firm’s four-year performance after…
In-house: Rio Tinto GC to retire as Transferwise and ASOS legal heads depart Anna Cole-Bailey Multiple general counsel (GCs) have stepped down from their posts this week, including the legal heads of FTSE 100 mining…
HSF hikes associate pay package to £105k as firms jostle for talent Thomas Alan Herbert Smith Freehills (HSF) has joined the ranks of firms upping their associate pay commitments, boosting its compensation package to £105,000…
Revolving doors: Dechert makes hires from Sidley and Hill Dickinson expands its commodities team Muna Abdi The lateral hires market has seen significant moves recently with Dechert hiring more partners from Sidley Austin, Crowell & Moring…
Linklaters digs down back of sofa to match rivals’ £100k associate pay packages Thomas Alan Linklaters has finished off the Magic Circle’s robust response to associate pay increases from US firms in London, raising its…
