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…
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…
