Herbert Smith Freehills (HSF) has posted a spring trainee retention rate of 77%, compared to a rate of 94% this time last year when the firm recorded its third straight score of more than 90%. Continue reading “Trainee retention: HSF and Hogan Lovells post rates as Macfarlanes joins top of the class at 100%”
As the latest firm to report its global financial results, Winston & Strawn had revenue growth of less than 1% last year to $823m, while Goodwin Procter saw its revenue increase by 5% to $912m as the firm made a series of lateral hires in 2016. Continue reading “US financials: Turnover flat at Winston as Goodwin Procter increases revenue by over 5%”
In a move that could increase the future loss element of personal injury claims by 30% in catastrophic cases, the government is planning to significantly cut the discount rate that calculates the value of injury awards.
Anglo American has appointed a former external adviser, Shearman & Sterling‘s co-head of mining and metals Richard Price, as its new group general counsel (GC) following the retirement of Ben Keisler.
Continue reading “‘He knows us well’: Anglo American appoints Shearman’s Price as new GC”
Cambridge tech success story ARM Holdings has appointed senior Symantec Corporation lawyer Carolyn Herzog as its new general counsel (GC) as previous legal chief Philip Davis departs. Continue reading “In-house: ARM appoints Symantec’s Herzog as GC as Davis steps down”
In a big week for lateral recruitment, a two partner pensions team has quit DLA Piper‘s Leeds office, while Freshfields Bruckhaus Deringer‘s Paris real estate head has left for a US firm. Meanwhile, Dechert and Debevoise & Plimpton have made key hires. Continue reading “Revolving doors: DLA Piper pensions partners exit as Freshfields loses Paris real estate head”
National player Bond Dickinson is to expand its Scottish presence with a second office, in Edinburgh. The firm, which already has a presence in Aberdeen, will open an office with around two or three partners and up to 20 staff. Continue reading “Vaulting ambition: Bond Dickinson to launch in Edinburgh”
The struggle continues for Slater and Gordon (S&G) with the firm posting a A$425.1m (£262.6m) net loss for the second half of last year. Continue reading “‘Taking longer than anticipated’: Slater and Gordon posts another loss as restructure continues”
Allen & Overy (A&O) has broken lockstep again for a New York finance team hired last week, about six months after it used its rejigged remuneration system to bring in a four partner leveraged finance team. Continue reading “‘We can compete’: A&O breaks lockstep again for new Manhattan finance team”
The Crown Estate has awarded the legal mandate for its energy, minerals and infrastructure portfolio to LB 100 firms Hogan Lovells and Bond Dickinson. Continue reading “Hogan Lovells ousts NRF to join Bond Dickinson on Crown Estate energy portfolio”
Latham & Watkins announced today (27 February) that capital markets partner Richard Trobman has won a contested election to become one of two vice-chairs of the firm, to succeed New York-based David Gordon who has been vice chair since 2011. Continue reading “More leadership in London: Latham elects Trobman as vice-chair”
Goodwin Procter has returned to Freshfields Bruckhaus Deringer‘s New York offering for the second time this year, taking on financial litigation partner Gabrielle Gould. Continue reading “Goodwin returns to Freshfields for New York litigation hires”
After years of lacklustre growth, Hogan Lovells has seen a boost in global turnover of 6% up to $1.93bn for 2016. At like-for-like rates the firm said results were up around 8%, while in sterling the firm experienced an almost 20% boon due to the falling pound. Continue reading “‘Plenty of challenge’: Hogan Lovells earns 6% revenue uptick to hit $1.9bn as partner profits stall”
After considerable speculation over the fate of international partners post-merger, CMS Cameron McKenna has confirmed a number of lawyers in the European offices of Olswang and Nabarro will be joining its network on 1 May, while the fate of Olswang’s remaining lawyers in Paris remains uncertain.
Reed Smith‘s global revenues fell for the second consecutive year in 2016, by 4% to $1.08bn from $1.12bn, which the firm said was the result of managing down headcount by 81 lawyers over the year. Continue reading “Reed Smith posts second year of declining revenue as firm manages down headcount”
Allen & Overy (A&O) has continued its US push picking up a three partner finance and securities team from Paul Hastings. The team brings A&O’s US lateral hire count to six since the start of the year. Continue reading “A&O continues US spree with three finance partners from Paul Hastings”
Latham & Watkins is the latest US firm to boost its revenue, announcing 7% growth and breaking the $3m mark for profit per equity partner (PEP) for the first time. Continue reading “‘All cylinders running’: Latham breaks the $3m PEP mark and adds $1bn to its post-crisis top line”
The NHS Litigation Authority (NHSLA) is reviewing its panel of law firm advisers with a total legal spend of £544m. The health body last had a legal spend of around £400m when it unveiled its last panel in 2013. Continue reading “More for less: NHS ups legal spend but offers fewer spots in latest panel review”
The ever expanding Quinn Emanuel Urquhart & Sullivan saw a 21% spike in its London revenue for 2016 reaching £44.8m while London net profit sat at £32.8m. Continue reading “Quinn continues growth as disputes powerhouse posts 20% turnover jump in London”
In its second major US merger in four years, Norton Rose Fulbright (NRF) has secured strength for its New York practice through a deal with 400-lawyer Chadbourne & Parke. Continue reading “East side story: NRF adds Manhattan capability with projects-driven Chadbourne tie-up”
