DLA Piper International’s operating costs have increased by £10.6m to £502.7m according to the firm’s latest LLP accounts, which DLA said is ‘largely attributable to inflationary salaries and key investments into delivering effective and efficient client service’ including project management capabilities and the transfer of 200 business support jobs in the UK to Warsaw last year. Continue reading “DLA LLPs reveal costs up by £11m due to inflation and ‘key investments’ including Warsaw”
Addleshaws highest paid member took home more than £1m, LLP accounts reveal
Addleshaw Goddard‘s highest paid partner took home £1.1m in 2015/16, up from £936,000, its recently filed LLPs reveal. The accounts show turnover at £195.1m, an increase of 4%. Continue reading “Addleshaws highest paid member took home more than £1m, LLP accounts reveal”
Guest post: Rolls Royce Service – risk, compliance, and ethics – where were the lawyers?
Readers of Lawyer Watch will be familiar with my posts on the tensions inherent in a lawyers’ duties to their clients and their duties to uphold the rule of law and the proper administration of justice. Continue reading “Guest post: Rolls Royce Service – risk, compliance, and ethics – where were the lawyers?”
LLP latest: Dentons European and African business turns over £169m as top-earning member pockets 60% more
Dentons‘ UK, Middle East and Africa business has seen turnover increase 7% to £169m for the financial year ending 2015/16, up from £157m the previous year, according to the firm’s LLP accounts. Continue reading “LLP latest: Dentons European and African business turns over £169m as top-earning member pockets 60% more”
Freshfields loses another New York heavyweight as securities litigator Fishman moves to Goodwin
Freshfields Bruckhaus Deringer has lost a member of its US partnership with Goodwin Procter hiring securities and commercial litigation partner Marshall Fishman. Continue reading “Freshfields loses another New York heavyweight as securities litigator Fishman moves to Goodwin”
Bird & Bird profits rise 2% after €17m spend on new City headquarters, accounts reveal
Bird & Bird‘s turnover increased 5% to €344.5m for the 2015/16 financial year, according to the firm’s recently filed accounts. Alongside the increase in turnover, the firm saw its profits rise by 2% to €96m and net debt tumble by 15% to €39.5m. The accounts partially attribute this downslide to the stronger Euro against Sterling. Continue reading “Bird & Bird profits rise 2% after €17m spend on new City headquarters, accounts reveal”
In-house: Berendsen hires first general counsel as textile firm expands
FTSE 250 company Berendsen has appointed its first general counsel with the appointment of Alice Darwall from Proxmity Advisors. Continue reading “In-house: Berendsen hires first general counsel as textile firm expands”
Mishcon’s claimants succeed as Supreme Court rules an Act of Parliament is required to trigger Brexit
The Supreme Court has ruled that the UK cannot leave the EU without parliamentary approval, in a decision which means there will be a debate in the House of Commons to determine how Article 50 can be triggered. Continue reading “Mishcon’s claimants succeed as Supreme Court rules an Act of Parliament is required to trigger Brexit”
‘The only resort’: KWM administrators’ interim report says partner exits hastened demise of legacy SJ Berwin
Joint King & Wood Mallesons (KWM) EUME administrators Andrew Hosking and Sean Bucknall of Quantuma have said partner exits accelerated the demise of the practice in their first interim report to creditors. Continue reading “‘The only resort’: KWM administrators’ interim report says partner exits hastened demise of legacy SJ Berwin”
DWF adds 200 staff with claims management acquisition
DWF has continued its expansion by acquiring claim managers Triton, saving them from administration. The bolt-on will see 215 members of Triton’s staff join DWF, as the firm continues expanding its fast-growing global insurance practice. Continue reading “DWF adds 200 staff with claims management acquisition”
Revolving doors: Addleshaws loses another litigator as Kirkland, Hogan Lovells and Bryan Cave make new hires
The steady pace of lateral hires continues in the beginning of 2017, with Kirkland & Ellis, TLT, Hogan Lovells, K&L Gates and Bryan Cave making appointments around the globe. Continue reading “Revolving doors: Addleshaws loses another litigator as Kirkland, Hogan Lovells and Bryan Cave make new hires”
‘Packed to the rafters’: Quinn to move to Olswang’s office after outgrowing London space
Quinn Emmanuel Urquhart & Sullivan will increase its office space by half with a move into a floor of Olswang’s 90 High Holborn premises as the TMT player heads toward its merger. Continue reading “‘Packed to the rafters’: Quinn to move to Olswang’s office after outgrowing London space”
Reed Smith adds 10% to European headcount with hire of 50 lawyers from KWM
Reed Smith has hired what is understood to be the largest group of lawyers from collapsed legacy SJ Berwin in a move which adds 10% to its European headcount.
Continue reading “Reed Smith adds 10% to European headcount with hire of 50 lawyers from KWM”
‘Careful growth’: Morgan Lewis enters Hong Kong and expands in China with nine Orrick partners
Morgan, Lewis & Bockius has opened a Hong Kong office and broadened out its China offering, taking nine partners from Orrick, Herrington & Sutcliffe. Continue reading “‘Careful growth’: Morgan Lewis enters Hong Kong and expands in China with nine Orrick partners”
Four more years: Addleshaws elects Joyce for second term as managing partner
Addleshaw Goddard managing partner John Joyce has been re-elected uncontested for a second term as the firm continues its growth through mergers.
Continue reading “Four more years: Addleshaws elects Joyce for second term as managing partner”
‘Shared strategic objectives’: Weightmans in merger talks with Newcastle’s Ward Hadaway
National firm Weightmans is in merger talks with Newcastle-based Ward Hadaway, Legal Business can reveal, with both firms understood to have been in talks for the past year.
DAC Beachcroft signs up to new Legalign alliance to provide global client reach
DAC Beachcroft has signed up to a collaborative new insurance alliance, Legalign, along with three others: German firm BLD Bach Langheid Dallmayr, US firm Wilson Elser and Australian outfit Wotton + Kearney. Continue reading “DAC Beachcroft signs up to new Legalign alliance to provide global client reach”
‘A truly global caseload’: ICC figures show arbitration growth in LatAm and Asia in record year
The International Chamber of Commerce (ICC) has revealed record figures for new cases filed in 2016, with substantial increases in caseload for Latin America and South and East Asia. Continue reading “‘A truly global caseload’: ICC figures show arbitration growth in LatAm and Asia in record year”
‘The best possible deal’: Truss meets with the City’s top lawyers ahead of Brexit, promises another Global Summit
The City’s top lawyers have met with the Lord Chancellor to discuss the future of the industry ahead of Brexit negotiations. Continue reading “‘The best possible deal’: Truss meets with the City’s top lawyers ahead of Brexit, promises another Global Summit”
LLP latest: Scots deal adds £7m to Clydes bottom line as highest-paid member takes home £1.4m
Clyde & Co‘s highest-paid LLP member received £1.4m during the last financial year, while its merger with Simpson & Marwick brought in an additional £7m in profit in 2015/16.