Addleshaws promotions rebound after a sedate 2017 as nine make the grade

Addleshaw Goddard has nearly doubled its promotions round from last year as nine partners are made up across the UK and Dubai.

The top 30 UK law firm’s partner promotions include three in London and Manchester, one in Leeds and two in Dubai, led by the corporate practice’s three promotions. The other new partners include one in each of employment, business support and restructuring, litigation, health and safety, construction, and environment. Continue reading “Addleshaws promotions rebound after a sedate 2017 as nine make the grade”

‘Top of our list’: A&O hires white-collar specialist Giles from Kingsley Napley

As the demand for criminal defence lawyers intensifies amid increased scrutiny from regulators, Allen & Overy has bolstered its firepower with the hire of white-collar crime partner Eve Giles from Kingsley Napley.

Giles has been a partner at Kingsley Napley since 2009 and will become A&O’s sixth corporate crime partner later this year, joining head of corporate and commercial litigation Lawson Caisley and partners Jonathan Hitchin, Calum Burnett, Arnondo Chakrabarti and Alice Englehart. Continue reading “‘Top of our list’: A&O hires white-collar specialist Giles from Kingsley Napley”

Comment: Allen & O’Melveny – a research-free, hot take

Hats off to my old shop, Legal Week for a quality scoop on Allen & Overy (A&O) and O’Melveny & Myers doing the come-hither shuffle. As usual, various outfits have lifted it without credit or attempted to imply that they forecast it. I didn’t forecast it and haven’t given it more than a cursory kick-of-the-tyres because – deadlines – so I am just riffing off anorak industry knowledge rather than proper research. But it’s still enough to make a few observations about what it says about the global market and London elite in general and A&O specifically.

For A&O, a tie-up with O’Melveny would clearly be highly significant – only the second US merger for a Magic Circle firm and just about the largest of its kind nearly 20 years on from Clifford Chance’s disaster-strewn takeover of Rogers & Wells. Continue reading “Comment: Allen & O’Melveny – a research-free, hot take”

Further uncertainty for SFO as agency appoints COO as caretaker chief

Serious Fraud Office

In a move unlikely to inspire, the perennially-embattled Serious Fraud Office (SFO) has appointed Mark Thompson, its chief operating officer (COO), as its new director on an interim basis.

Thompson, who will take up the post on 21 April, replaces outgoing director David Green QC, who has held the position since 2012. In an SFO press release, Thompson said: ‘The search for a new director has been successful, although the individual cannot take up the post immediately. In the meantime, it’s important that the SFO pursues its cases with vigour and discharges its legal and corporate obligations responsibly. My role will be to ensure we continue to do this, and to ensure a smooth transition when the new director arrives.’ Continue reading “Further uncertainty for SFO as agency appoints COO as caretaker chief”

Comment: The golden age of law firm leadership has passed… what now?

I used to say three things when asked for a view on the quality of leadership in the profession. Firstly, that it was pretty good (certainly better than commonly supposed). Secondly, the standard has generally improved (since the early 2000s). And, thirdly, the notion that law lags far behind most industries in management is nonsense (poor leadership being rife).

It was only when recently asked this by a new reporter – an experienced business correspondent but new to the profession – I realised that I could only now stand by the latter contention. After all, there is still much to be said for the disciplines of the owner-manager structure, even amid New Law disruption (and perhaps more than ever in an age that has revived the fashion for the cash-burn phase). But as someone who has met hundreds of managing and senior partners, my view is that this is a long way from the golden age of law firm leadership. Standards of operational polish have continued to improve – there is a reason that major law firms so rarely fail in the UK. That matters, but it is only part of the equation in an industry facing structural issues. Continue reading “Comment: The golden age of law firm leadership has passed… what now?”

Flat partner promotions round at Eversheds Sutherland a year after merger

Eversheds Sutherland

Eversheds Sutherland’s international business has made 20 partner promotions globally, the same as last year, with more than half outside the UK.

In the UK the firm made up nine partners across Cardiff, Manchester, Leeds, Nottingham and London, where four were promoted. The 11 promoted outside the UK are in Dubai, Dublin, Hong Kong, Johannesburg, Milan, Munich, Riyadh, Rotterdam and Warsaw. Continue reading “Flat partner promotions round at Eversheds Sutherland a year after merger”

Quest for efficiency: Reed Smith set to open new low-cost centre in Leeds

Reed Smith is set to establish a low cost legal service centre outside of London in Leeds, it has emerged.

The centre, to be named RS Global Solutions, will see Reed Smith open its second UK office to offer additional support to its London hub. Plans for the new centre are being discussed internally today (10 April) with details yet to emerge on how many roles will be affected by the move, or who will lead the management team in the new northern office. Continue reading “Quest for efficiency: Reed Smith set to open new low-cost centre in Leeds”

Revolving Doors: Ashurst and Greenberg Traurig strengthen City benches as Pinsents sees moves both ways

A bumper week for City and international lateral hires followed the Easter break last week with Ashurst and Greenberg Traurig among those to make strategic additions in London, strengthening their real estate and white-collar practices respectively.

Ashurst announced the hire of Alison Hardy from Squire Patton Boggs where she was national head of its property litigation team. James Levy, head of Ashurst’s London disputes practice, said: ‘Alison is a highly regarded and experienced real estate litigator. We have every confidence that she will deliver great results for clients and play a key role in further developing our capability in high value disputes.’ Continue reading “Revolving Doors: Ashurst and Greenberg Traurig strengthen City benches as Pinsents sees moves both ways”

Addleshaw Goddard seeks material Asia growth with former BLP region head hire

Addleshaw Goddard has brought in the former Asia head of legacy Berwin Leighton Paisner as it looks to triple the size of its presence in Asia.

Bob Charlton is joining Addleshaws after leaving BLP, now Bryan Cave Leighton Paisner (BCLP) following its US merger in February, where he was the legacy firm’s head of Asia since 2014. Charlton previously held a similar role for DLA Piper in the region. Continue reading “Addleshaw Goddard seeks material Asia growth with former BLP region head hire”

Skadden zeros out of London for second year running in global partner promotion round

While other US rivals beef up their London partner headcount, Skadden, Arps, Slate, Meagher & Flom has for the second consecutive year passed over its City office for promotions, making up 14 new partners in a heavily US-focused round.

The move sees an uptick of partner promotions generally for the New York giant from last year’s round of 12 lawyers but continues its omission of the City branch. Four of the promotions – effective 1 April – were made outside of the US: one each in Frankfurt, Hong Kong, Paris and Tokyo. Continue reading “Skadden zeros out of London for second year running in global partner promotion round”

Trio of top-30 firms unveil new partners with Taylor Wessing and HFW boosting promotions rounds

game of hoopla with lawyers

LB100 top-30 firms Taylor Wessing, Holman Fenwick Willan (HFW) and Dentons have all announced their Spring partner promotions covering the UK and beyond.

For Taylor Wessing, it is an increased UK round compared to last year when just one lawyer was made up to its London partnership. This year, the firm has promoted three lawyers to its partnership, with a further five being made up to senior counsel. Continue reading “Trio of top-30 firms unveil new partners with Taylor Wessing and HFW boosting promotions rounds”

Back on track: DLA Piper revenue rebounds past $2.6bn as 62 lawyers make partner

DLA Piper has bounced back from last year’s global turnover drop with double-digit percentage growth in net profit and promoted 62 lawyers to its partnership.

The firm’s global revenue rose to $2.63bn in 2017, up 7% on last year when turnover dipped below $2.5bn because of exchange rate fluctuations across its international business, which is divided between an international LLP and a US LLP. Continue reading “Back on track: DLA Piper revenue rebounds past $2.6bn as 62 lawyers make partner”

Five get promoted: Freshfields makes up handful of partners in London amid slimmed down global round

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer has elected five London-based lawyers to its partnership from its dispute resolution and corporate practices as part of a 12-strong promotions round spanning seven offices.

This was the smallest global promotions round by the firm for some years. Last year there was an 18-strong round, of which six were London-based, while five London lawyers were among the 17 promoted in 2016. Continue reading “Five get promoted: Freshfields makes up handful of partners in London amid slimmed down global round”

Mass exodus as McDermott bags 50-lawyer team from DLA to add ‘$100m’ to revenues

McDermott Will & Emery has brought in a team – including more than 20 partners – from DLA Piper’s US offices, in a string of major moves touted as adding $100m in revenue to its top line.

The Chicago-based firm announced on 29 March that a four-partner real estate finance team, led by DLA’s New York-based global co-chair of finance, Jeffrey Steiner, would be arriving. Continue reading “Mass exodus as McDermott bags 50-lawyer team from DLA to add ‘$100m’ to revenues”

Guest comment: NDAs and the profession’s cultural problem revealed before Parliament

Harvey Weinstein

Evidence before the Women and Equalities Committee last week (28 March) paints a worrying picture of ethics in the legal profession. And by ethics I do not mean some whispy, academic notion of doing the right thing. I mean professional ethics: understanding the Code of Conduct, and the law that governs lawyer behaviour. It was a lesson crystallised at the hearing by that well known purveyor of fey, leftist nostrums, Philip Davies MP. He distilled for the lawyers ranged before him a central question: why is it lawyers are very clear about their obligations to act in their clients best interests but so unclear about their other obligations?

Because though Allen & Overy (A&O) partner Mark Mansell did a decent job of balancing the need to engage with the new-fangled idea that all was not well with non-disclosure agreements (NDAs) without breaching that holy of holies, client confidences, he still dug himself a few holes in front of the assembled MPs. The veteran employment lawyer did so by talking in the abstract about an imagined, 20-year-old agreement that was negotiated over 24-hours-plus, with one 12-hour ‘all-nighter’ session, which prohibited one party from having a copy, which contained clauses designed to inhibit and limit disclosures to the police, medical practitioners, and others. Mansell said such an agreement could be described as unusual, or very unusual, or very, very unusual. But he wasn’t able to tell us, he said, about this agreement. Continue reading “Guest comment: NDAs and the profession’s cultural problem revealed before Parliament”

‘No reservations’: Linklaters hires divisive director of public prosecutions Alison Saunders

As City firms continue to ramp up their efforts to snare former prosecutors, the UK’s director of public prosecutions (DPP), Alison Saunders, will join Linklaters shortly after she steps down in October.

Saunders, who became the first internal candidate to lead the Crown Prosecution Service (CPS) when she replaced Keir Starmer in 2013, will join Linklaters as a partner in its business crime team. Continue reading “‘No reservations’: Linklaters hires divisive director of public prosecutions Alison Saunders”

Different origins, same excuses: Kirkland, Bakers, Weil Gotshal and Mayer Brown reveal UK gender pay gap stats

train track graphic

US-based firms Kirkland & Ellis, Baker McKenzie, Weil Gotshal & Manges and Mayer Brown have revealed the gulf between male and female pay for their staff in the UK, with all four firms blaming fewer senior women employees for the significant disparity between genders.

As per previous disclosures from UK-based firms, all cite the preponderance of females in secretarial roles or fewer females in senior roles as the root cause of the disparity. But unlike some of the UK firms that have come under pressure for full disclosure lately, none of the firms disclosed gender pay gap for partner pay. Continue reading “Different origins, same excuses: Kirkland, Bakers, Weil Gotshal and Mayer Brown reveal UK gender pay gap stats”

Preparing for Brexit – alternative provider Axiom launches new AI as deadline looms

Marking the 365-day countdown to Brexit, alternative legal services provider Axiom has today (29 March) launched a purpose-built service to aid companies revise millions of financial services contracts as the pressure to update paperwork increases with the UK’s exit from the EU looming.

Designed specifically for in-house legal teams, the service, named ‘BrexitBridge’, will incorporate artificial intelligence (AI) to help companies update and rewrite their contracts they begin one of the largest contract-renewal endeavours ever undertaken. Continue reading “Preparing for Brexit – alternative provider Axiom launches new AI as deadline looms”

Comment: Why law firm ‘values’ ring hollow (a call for honesty)

man with a barcode mask

Attending a conference recently for general counsel was a reminder that for all the chasm that remains between clients and law firms, they have both imbibed many of the same corporate fashions. A few years back it was all adding value and performance, now it is ‘values’, ‘authenticity’ and other forms of Diet Coke morality.

Talk to law firms, as with plcs, and without irony, you will hear much about ‘tone from the top’, ‘walking the talk’ and interchangeably using ‘piece’ when you mean ‘issue’. Which would all be fine if there was any indication this was leading to a more ethical or caring profession. It would also help if such talk resonated remotely beyond the upper echelons of the corporate and professional services worlds, and did not provoke huge cynicism in staff and clients. Continue reading “Comment: Why law firm ‘values’ ring hollow (a call for honesty)”

Switzerland – The rough and the smooth

mountain skier

Switzerland has not been in a foreign conflict since 1815 when its neutrality was first established by the Treaty of Paris. But, two centuries on, the peace-loving nation could be set to experience a discreet civil war – this time between its law firms.

Despite a cluster of top domestic players vying for the best work, Swiss lawyers have never experienced the level of international competition felt by France and Germany. The market has perhaps been too cosy, the work too plentiful and the outlook too certain. Yet there is something in the Alpine air that suggests this might change – and when it does, the battle for business will intensify. To be fought entirely by stealth rather than with steel, it may nevertheless reshape the domestic legal landscape. Continue reading “Switzerland – The rough and the smooth”