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…
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…
