Pinsent Masons has posted more subdued figures for this financial year, with revenue up 5% from £362.4m to £382.3m and profit per equity partner (PEP) rising 2% from £538,000 to £550,000.
Financials 2015/16: Scottish independent Brodies continues strong form with double-digit revenue and PEP growth
One of the big four remaining independent law firms in Scotland, Brodies has continued its strong form announcing revenue growth of 12% from £57.9m to £65.1m, while profits per equity partner (PEP) is up 13% from £532,000 to £602,000.
Revolving doors: Willkie and Hogan Lovells add to City offices while A&O continues Europe hiring
Law firms have attempted to blow away the Brexit blues with new partner hires. Willkie Farr & Gallagher and Hogan Lovells have added to their London offices, while in the Magic Circle Allen & Overy has expanded in Germany and Clifford Chance has boosted its Washington DC practice.
‘Key to success’: Grosvenor’s Schwarz-Runer takes on Boston Consulting Global GC job
The latest corporate to boost its in-house legal capabilities through a high-profile recruit is Boston Consulting Group (BCG) which has appointed Ulrike Schwarz-Runer from property development company Grosvenor as global general counsel.
Latham makes double real estate finance play with hires from GE Capital and Dechert
Latham & Watkins has boosted its real estate finance practice in the City, hiring Quentin Gwyer, who was executive counsel at GE Capital Real Estate. The appointment follows the hire of Jeremy Trinder from Dechert who started at the firm this week.
Parabis collapse update: Creditor dividend halved, latest report reveals
An administrators’ progress report for the now-defunct Parabis Group, published this week on Companies House, showed that unsecured creditors will receive only half of what was already a dismal return on their outstanding debts.
Continue reading “Parabis collapse update: Creditor dividend halved, latest report reveals”
HSF enters pay war with newly-qualified base salaries above Linklaters and Slaughters
Herbert Smith Freehills has significantly bumped up pay packets, awarding its associates with a base salary of £82,000, up £13,000 on last year’s £69,000.
Dealwatch: KWM leads for regular client TransDigm on $1bn US defence purchase
King & Wood Mallesons, Latham & Watkins (KWM) and Cleveland firm BakerHostetler have advised on the $1bn sale of defense company Data Device Corporation (DDC) to TransDigm Group.
Continue reading “Dealwatch: KWM leads for regular client TransDigm on $1bn US defence purchase”
Devereux Chambers barrister raises £10,000 in crowdfunder to challenge Brexit article notice
A high-profile barrister has launched a publicly-funded campaign with human rights firm Bindmans to consider a public law case on the result of the EU referendum.
Making it official: Taylor Wessing deepens Vietnam reach with local merger
Taylor Wessing has expanded its offering in Vietnam, by merging its Singapore outpost, RHTLaw Taylor Wessing, with its Vietnamese alliance firm PBC Partners.
Continue reading “Making it official: Taylor Wessing deepens Vietnam reach with local merger”
Strengthening Sweden: DLA Piper acquires 21 lawyer firm
DLA Piper has continued its Nordic expansion, confirming a merger with Swedish law firm Grönberg Advokatbyrå. Continue reading “Strengthening Sweden: DLA Piper acquires 21 lawyer firm”
Faith in London: Texas firm Haynes and Boone to open in the City with boutique merger
Texas headquartered law firm Haynes and Boone is to open its first European office, announcing a merger with London boutique Curtis Davis Garrard (CDG).
Gibson Dunn continues Germany push, launching in Frankfurt with double Latham hire
The renewed interest in Germany’s legal market continues apace with US firm Gibson, Dunn & Crutcher to launch in Frankfurt after hiring Latham & Watkins corporate partners Dirk Oberbracht and Wilhelm Reinhardt. Continue reading “Gibson Dunn continues Germany push, launching in Frankfurt with double Latham hire”
‘Sheer inadequacy’: Chakrabarti calls on Labour party to appoint GC in independent antisemitism review
Shami Chakrabarti, the former director of Liberty, and the author of Labour’s report into antisemitism, has called on the party to appoint a general counsel or other staff lawyer, as well as a legal panel.
Financials 2015/16: Nabarro latest to report slow growth with 3.5% revenue increase
Nabarro has increased turnover by 3.5% to £130.4m, joining other mid-market firms with muted results for 2015/16. Last year the firm posted an 8% revenue rise to £126m, its biggest rise in more than a decade.
The Brexit effect: Law Society urges government to delay plans to separate from SRA after EU vote
Due to the uncertainty and economic volatility stoked by last week’s shock Brexit vote, the Law Society has told MPs that plans to give the Solicitors Regulation Authority (SRA) and other regulators full independence should be shelved.
Financials 2015/16: Kennedys highlights Asia growth as firm posts solid turnover boost of 7%
Insurance specialist Kennedys has announced solid revenue growth of 7% for this financial year from £129.9m to £138.8m. In addition, the firm’s UK figure has topped £100m, with turnover at £102m from £99.6m.
Quinn, Stewarts and Signature demand costs from Mishcon clients in RBS litigation saga
The ongoing saga that is the £4bn shareholder group action against the Royal Bank of Scotland (RBS) continues to prove controversial, as it has emerged that litigation powerhouses Quinn Emanuel Urquhart & Sullivan, Stewarts Law and Signature Litigation are seeking millions worth of costs incurred from the claimants of Mishcon de Reya.
US focus: Columbia Threadneedle restructures legal division post-merger
Following its US merger, international asset manager Columbia Threadneedle has carried out a restructure of its UK legal team, scrapping the head of legal and head of compliance roles.
Continue reading “US focus: Columbia Threadneedle restructures legal division post-merger”
Expansive White & Case opens second African office with Egypt launch
Rapidly expanding US firm White & Case is launching an office in Cairo, Egypt, as a wave of global law firm investment into Africa gathers pace. Continue reading “Expansive White & Case opens second African office with Egypt launch”