Bakers makes up seven in London in bumper promotion round Marco Cillario Baker McKenzie has promoted 81 lawyers to partners, continuing a trend which saw several law firms increase their intake this…
Former Ashurst managing partner Collis quits for Squire Patton Boggs Marco Cillario Ashurst lifer and former managing partner James Collis has quit the firm to join the London arm of Squire Patton…
Eating our lunch: Eversheds unshackles New Law offering and sets £100m revenue target Hamish McNicol Eversheds Sutherland is spinning off its £40m New Law business in a bid to supercharge its growth to £100m over…
A&O pips Links to the post in Magic Circle NQ pay hikes Nathalie Tidman Allen & Overy (A&O) has become the latest Magic Circle firm to hike its salary for newly-qualified solicitors (NQs) to…
Bakers scraps 46 City business services staff roles, more at risk Marco Cillario Baker McKenzie is the latest firm to scale down its London business support staff in favour of low-cost centres, scrapping…
Mayhew secures new four-year term at BCLP with Pritchard ineligible to run again Thomas Alan Bryan Cave Leighton Paisner (BCLP) co-chair Lisa Mayhew has been elected to serve another four years in the role. Meanwhile,…
Fieldfisher reducing UK reliance following third consecutive year of double-digit growth Thomas Alan Fieldfisher is looking to further reduce the percentage of overall turnover generated in the UK following a year defined by…
Pay for today: Slaughters boosts associate remuneration package to £100k as talent war intensifies Thomas Alan Slaughter and May is bolstering associate pay to a £100,000 including bonuses, becoming the latest of the City elite to…
Time for a change: well-regarded BAML European legal chief departs for EY Anna Cole-Bailey The long-serving EMEA general counsel (GC) at the Bank of America Merrill Lynch (BAML) has stepped down after 14 years…
Guest comment: LB’s New Law critique flawed as alt players build a ‘new order of client value’ Guest Blog LB editor-in-chief Alex Novarese recently posted a piece entitled ‘Innovation needs law firm champions’, which hooked on to the story of…
Freshfields partner fails to block SDT sexual misconduct tribunal Nathalie Tidman The Solicitors Disciplinary Tribunal (SDT) has thrown out an application by Freshfields Bruckhaus Deringer partner Ryan Beckwith to dismiss its prosecution…
Latham confirms death of Spain managing partner Juan Picón Marco Cillario Latham & Watkins’ Spain managing partner and former DLA Piper senior partner Juan Picón, one of his home country’s top…
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.…
