Travers Smith has recorded a 4% rise in revenue to £125m, marking eight consecutive years of growth, while the firm’s profits fell amid investment and challenging market conditions.
Continue reading “‘Top end of expectations’: Travers PEP drops below £1m as turnover edges up”
LB100 firm Gordon Dadds is in ‘very advanced negotiations’ to become an AIM-listed law firm by August this year, following a recent share offer of £18.75m by Work Group.
Litigation specialist Stewarts Law has posted its third consecutive year of double-digit growth, with a record profit per equity partner (PEP) rising 30% to reach £1.9m.
Claire Chapman (pictured), the general counsel (GC) and company secretary of the Daily Mail and General Trust (DMGT) has left the company after almost five years, Legal Business can reveal.
Continue reading “In-house: Daily Mail’s GC Claire Chapman departs after five years”
Travers Smith, Macfarlanes and Jones Day have all boosted their junior lawyers pay in this year’s review, in contrast to Herbert Smith Freehills and CMS McKenna Nabarro Olswang which have held pay for London associates, with some regional pay rises.
The arrival of July marked a heightened pace of lateral hires by UK firms boosting their London bases. Simmons & Simmons recruited to its corporate team, while Dentons, Watson Farley & Williams (WFW), RPC and PwC also appointed key new partners.
Shearman & Sterling and Mayer Brown have recorded lower retention rates for their trainees due to qualify this autumn, from full retention last year to 87% and 73% respectively.
The Co-operative Group has begun reviewing its corporate and commercial legal panels, as well as its property law and litigation advisers, as the former Dixons Carphone group general counsel (GC) Helen Grantham replaced Alistair Asher in the group’s top legal role.
CMS Cameron McKenna Nabarro Olswang has continued to expand by opening its Monaco office through a combination with Pasquier Ciulla & Marquet Avocats (PCM), the firm’s first global practice launch since the UK tripartite merger went live on 1 May.
Continue reading “CMS launches Monaco office with local merger to service international investors”
Dentons has taken the lead advising French oil and gas company Total in signing a £4bn ($5bn) contract with Iran’s national Oil company, the republic’s first energy deal with a foreign enterprise since sanctions eased 18 months ago.
Clifford Chance (CC) has instructed lawyers at Clyde & Co to represent it in an investigation by the Solicitors Regulation Authority (SRA), reportedly involving the firm’s part in the Excalibur professional negligence case, resulting from a claim in which an appeal judge criticised CC for an ‘acute’ conflict of interest.
The legal team at Lloyds Banking Group (LBG) will now report to the bank’s finance team in the group’s latest reorganisation, which led to the departure of chief people, legal and strategy officer and ex-Linklaters managing partner Simon Davies, after less than two years.
Legal Business’ sister brand The Legal 500 is to launch a new recruitment service.
Continue reading “LB sister brand The Legal 500 launches new global recruitment service”
In a challenging but ‘good year’ for the firm, Macfarlanes has continued growing with revenues up 4% to £167.6m.
Continue reading “‘Willingness to adapt’: Macfarlanes defies Brexit effect with PEP up 8%”
Top 50 national firm Weightmans has today (6 July) posted a flat turnover of £95m, while profit is up 21% to £11m in what was a year ‘of great change and growth for the business.’
Berwin Leighton Paisner (BLP) has posted mixed financial results for the year, with revenues up 7% while profit per equity partner (PEP) fell 8%.
Continue reading “Financials 2017: Mixed results for BLP as revenues up 7% while PEP falls”
Competition boutique Hausfeld is partnering with litigation funder Burford Capital to offer a financing package for UK claimants to pursue follow-on damages claims against the participants in a truck manufacturing cartel.
Continue reading “Hausfeld takes the wheel in truck cartel damages claim with funding from Burford”
Allen & Overy (A&O) has soared ahead of its Magic Circle competitors, increasing its revenues by 16% to £1.52bn, while profits per equity partner (PEP) also rose by a significant 25%.
Continue reading “Allen & Overy posts pace-setting 25% rise in PEP with top line reaching £1.52bn”
It has been a mixed financial year for Anglo-Australian firm Herbert Smith Freehills (HSF), which recorded double-digit revenue growth bolstered by a strong run of disputes work, while profit per equity partner (PEP) fell slightly in what the firm attributed to the ‘volatile global economy.’
Lord Neuberger, president of the UK Supreme Court, has defended London’s prospective status as a legal hub in the international sphere after Brexit, in a 3 July speech in London.
