Clifford Chance recruits new CFO as Purse retires after 11 years Legal Business Clifford Chance has hired Patrick Glydon, the global director of commercial initiatives from advertising agency Dentsu Aegis Network (DAN), to…
‘Simpler and better’: CMA calls for more competition but stops short of recommending full legal services review Legal Business An interim report into the legal services market released by the Competition and Markets Authority (CMA) has found that competition…
Revolving doors: K&L Gates and CC make key appointments as Pinsent Masons makes Magic Circle hire for new Düsseldorf office Legal Business In this week’s appointment round-up, Clifford Chance (CC) has added muscle to its New York office and K&L Gates has…
Record year for Linklaters as strong M&A run pushes firm over £1.3bn revenue boundary Legal Business Revenue at Linklaters has crossed £1.3bn for the first time, up 3% in 2015/16 to £1.31bn, as profits per equity…
A mixed bag for Simmons & Simmons as firm posts record turnover but tumbling PEP Legal Business Results season has proved something of a mixed bag for Simmons & Simmons, with turnover up 2% in 2015/16 to…
Eversheds records 7% revenue bump but PEP stays flat Legal Business Eversheds has reported revenue growth of 7% to £405.5m for 2015/16. The increase follows a year of flat turnover for…
In-house: RBS latest to shake up internal function with summer review of legal team structure Legal Business The Royal Bank of Scotland (RBS) has kicked off a review of its 400-strong legal team to control costs and…
Big Bar boost: Fountain Court makes seven strong team hire, including two silks Sarah Downey Leading set Fountain Court Chambers has boosted its commercial offering and with the recruit of two silks and five junior…
The Brexit effect: BLP becomes the first City firm to freeze pay post EU referendum Tom Moore City firm Berwin Leighton Paisner (BLP) has become the first law firm to freeze pay for UK staff following the…
KWM mulls cash call after increasing Barclays facility to £25m Legal Business King & Wood Mallesons‘ (KWM) European and Middle East business is mulling a cash call months after increasing its loan…
Maintaining growth: Bird & Bird keeps pace with 6% revenue hike Legal Business Bird & Bird has reported another year of solid growth, with revenue up 6% to €343.8m from €325.5m for the…
Travers Smith matches Slaughters associate base pay as indies beat Brexit woes to lift salaries Legal Business Despite post-Brexit referendum market turbulence, independent firms Travers Smith and Macfarlanes have both elevated their newly-qualified (NQ) pay levels, with…
‘The time is right’: ENRC drops Debevoise for Quinn Emanuel on SFO probe Legal Business Mining giant Eurasian National Resources Corp (ENRC) has ceased its working relationship with Debevoise & Plimpton in favour of Quinn…
Freshfields leads the pack as London’s big four continue flat financial trajectory Legal Business Firm posts impressive 8% PEP hike and 7% revenue increase despite headcount drop With the unaudited results of firms in,…
The profession takes stock as Brexit vote sends UK crashing out of EU… and into years of uncertainty Tom Moore Tom Moore and Matthew Field size up the immediate impact of the vote on City lawyers It was the result…
Barclays slashes number of firms by over 60% in global review Kathryn McCann DLA Piper misses out as bank sets out new categories Barclays picked a raft of firms, including Clifford Chance, Ashurst,…
Under fire: Linklaters and Olswang in the spotlight as dealmakers face parliament over BHS collapse Legal Business City lawyers faced the wrath of MPs during May and June in an inquiry over the sale of BHS. The…
Allen & Overy beats UK rivals to top 2015 deal table for European private equity Madeleine Farman Allen & Overy (A&O)’s growing private equity (PE) team has had a strong year, topping Dealogic’s European PE table after…
A&O teams up with Deloitte for pioneering joint venture targeted at banking giants Madeleine Farman Axiom and Ashurst follow with similar service to meet regulations In the first marquee joint venture between a Magic Circle…
‘Natural choice’: long relationships see Freshfields and Linklaters bag roles on Poundland bid Legal Business Both Linklaters and Freshfields Bruckhaus Deringer scored lead roles on an attempt by South Africa’s Steinhoff International Holdings to take…
