Transfer window stays open for summer as Paul Weiss picks up Kirkland City funds partner and Goodwin hires from Dechert.
Revolving Doors: Paul Weiss hires Kirkland City funds partner as US firms make moves in Paris
Dentons’ UKIME revenue growth picks up pace with 6% rise
Dentons posts solid 2023-24 financial results showing UK, Ireland and Middle East regional revenue up 6% after slight dip last year Continue reading “Dentons’ UKIME revenue growth picks up pace with 6% rise”
ESG in Switzerland: Schellenberg Wittmer Q&A
In the last two years, how has the ESG practice group grown at the firm?
Anya George: One notable characteristic of our group now is that it is truly multidisciplinary. We possess expertise in both transactional matters and disputes. In recent years, we have placed increased emphasis on financial market regulation, greenwashing, and carbon credits—areas where many of our competitors lack expertise. In Switzerland, there has been a noticeable rise in requests for advice on ESG matters across the board, although understanding due diligence and reporting requirements remains a primary concern for our clients. Continue reading “ESG in Switzerland: Schellenberg Wittmer Q&A”
Travers Smith reaches record highs for revenue and PEP despite recent partner exits
Turning the page on last year’s disappointing financial performance, when revenue nudged up by just 1% and profit per equity partner (PEP) stayed flat, Travers Smith today (29 July) announced record-breaking results for 2023-24.
Revenue passed £200m for the first time, reaching £215m —a nearly 10% increase from last year’s £197.5m.
Revolving Doors: Paul Weiss makes European restructuring bow as Dentons hires in new global CEO
Leading the high-profile moves this week, Paul Weiss hired Akin restructuring partner Liz Osborne in London for its much-anticipated European practice launch.
Leaving Akin after almost a decade at the US firm, Osborne will join Paul Weiss as the head of European restructuring. Continue reading “Revolving Doors: Paul Weiss makes European restructuring bow as Dentons hires in new global CEO”
Latham, Freshfields and A&O Shearman top the nominations for Legal Business Awards 2024
Latham & Watkins, Freshfields Bruckhaus Deringer and A&O Shearman are among the most-nominated firms at the 27th annual Legal Business Awards, the shortlist for which has been unveiled today (click here for the full list of nominees).
The trio, which have a total of 18 nominations between them, are all up for the prestigious Law Firm of the Year prize. To win, they will have to see off competition from fellow nominees Brodies, Burges Salmon, Freeths, Osborne Clarke, Pinsent Masons and Paul Weiss at the ceremony on 17th September at Grosvenor House.
‘At the top of UK associate compensation’ – McDermott hikes London NQ pay to $225k
McDermott Will & Emery has become the latest firm to increase pay for London associates, raising salaries for newly qualified (NQ) associates to $225,000 as competition for talent among firms in the City intensifies. Continue reading “‘At the top of UK associate compensation’ – McDermott hikes London NQ pay to $225k”
Dealwatch: Slaughters, Latham lead as Hammerson sells £1.5bn stake in Bicester Village owner
Shopping centre owners have weathered a difficult few years, with the rise of e-commerce, Covid and the cost of living crisis causing much grief for those with stakes in bricks and mortar retail.
There is cause for optimism, however, with private equity firm L Catterton’s acquisition of Hammerson’s £1.5bn stake in Value Retail – owner of the Bicester Collection – emblematic of increasing confidence in the sector, and raising hopes of a continued recovery in deal activity.
‘Ambition remains high’: Taylor Wessing heads towards €1bn target with strong financials
Taylor Wessing has become the latest firm to announce solid results for 2023-24, revealing a 9.5% increase in global revenue to £480.7m. Continue reading “‘Ambition remains high’: Taylor Wessing heads towards €1bn target with strong financials”
Simmons & Simmons and Bird & Bird eye growth opportunities as both post 10% hike
Simmons & Simmons and Bird & Bird have both posted revenue growth of 10%, as major UK firms continue to report healthy results for the last financial year.
Continue reading “Simmons & Simmons and Bird & Bird eye growth opportunities as both post 10% hike”
‘Great progress everywhere but fastest in the US’: CC posts 28% Stateside hike as PEP rebounds
Clifford Chance (CC) has become the third magic circle to reveal its financial results for 2023-24, posting global revenue growth of 9% to £2.3bn, up from 5% last year. Continue reading “‘Great progress everywhere but fastest in the US’: CC posts 28% Stateside hike as PEP rebounds”
PEP surges at Macfarlanes with 24% rebound to record high
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14% Continue reading “PEP surges at Macfarlanes with 24% rebound to record high”
Cooley London head Stock exits to Akin in three-partner move
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
Continue reading “Cooley London head Stock exits to Akin in three-partner move”
‘When someone is so disaffected it’s best to get them out sooner rather than later’: Kirkland to hold back pay for departing partners; cut notice period
Kirkland & Ellis is overhauling its equity partner exit terms – ushering in new policies to withhold compensation for departing partners, as well as slashing notice periods and speeding up the time it takes those leaving to be repaid their capital. Continue reading “‘When someone is so disaffected it’s best to get them out sooner rather than later’: Kirkland to hold back pay for departing partners; cut notice period”
Linklaters claims top spot in Stonewall Top Employers list
Linklaters has leapt to first place in Stonewall’s Top 100 Employers 2024 list, while last year’s number one Clifford Chance has dropped outside of the top ten for the first time since 2020 and is ranked 14th.
Continue reading “Linklaters claims top spot in Stonewall Top Employers list”
‘Strong momentum’: Revenue and profit rise as Herbert Smith Freehills marks 11th consecutive year of growth
Building on last year’s record performance, Herbert Smith Freehills has achieved its 11th consecutive year of annual revenue growth in its latest financial results.
O’Melveny and Hogan Lovells lead PE hiring wave as Kirkland boosts tech team with Clifford Chance hire
Ashurst global PE co-head exits to O’Melveny; Hogan Lovells hires from K&L Gates and Weil and Kirkland picks up a CC tech partner
Ashurst sets sights on US growth as revenue nears billion-pound mark
Ashurst is targeting expansion in the US as the firm announces financial results that show profit per equity partner reaching a record high and turnover just shy of £1bn.
Continue reading “Ashurst sets sights on US growth as revenue nears billion-pound mark”
‘Clients are not only seeking legal expertise but also looking for firms that practice what they preach’ – ESG Q&A: Herbert Smith Freehills
Could you share some examples of innovative ways Herbert Smith Freehills is working with clients in the ESG space?
Silke Goldberg: At Herbert Smith Freehills, we are actively engaging with our clients in the ESG space through innovative tools like our Global ESG Tracker and ESRS Navigator. Continue reading “‘Clients are not only seeking legal expertise but also looking for firms that practice what they preach’ – ESG Q&A: Herbert Smith Freehills”
Brodies and Shoosmiths among firms reaching new revenue highs as results season continues
A clutch of major law firms have continued the trend for strong 2023-24 results, with Brodies, Shoosmiths, Clyde & Co and Watson Farley & Williams among the latest to reveal healthy financial figures.