Ten prominent law firm leaders have signed a letter urging voters against voting for Brexit in the UK referendum on its EU membership tomorrow.
The growth continues: Stephenson Harwood posts 9% bump in another record turnover year
Stephenson Harwood has posted another record financial year, with revenue up 9% on last year from £145m to £158m.
Guest post: The tax position of out campaign funders
If you click here you can see a link to the Electoral Commission list of donations to referendum participants arranged by size.
Continue reading “Guest post: The tax position of out campaign funders”
Building momentum: Dentons boosts City corporate team again with Nabarro hire
The ever-growing Dentons has made its fifth London corporate hire in less than 12 months, bringing in partner Jonathan Cantor from Nabarro.
Continue reading “Building momentum: Dentons boosts City corporate team again with Nabarro hire”
Review recommended: Justice Committee latest to critique court fee hike
The House of Commons Justice Select Committee has come out against increases in court and tribunal fees in a report to the Ministry of Justice (MoJ), recommending last year’s increase in commercial court fees be reviewed.
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Italian Job: Fieldfisher merges with Milan headquartered firm SASPI
UK law firm Fieldfisher has entered Italy through a merger with 21 partner firm Studio Associato Servizi Professionali Integrati (SASPI), which has offices in Milan, Rome, Venice and Turin.
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Pinsents, Gowling WLG and KWM appointed to reduced Royal London Asset Management panel
Pinsent Masons, Gowling WLG, King & Wood Mallesons and specialist commercial firm Cannings Connolly have been appointed to Royal London Asset Management’s (RLAM) reduced real estate panel following a review.
Freshfields loses executive from leadership quartet as Michael Lacovara joins Latham
Michael Lacovara, executive partner at Magic Circle firm Freshfields Bruckhaus Deringer, has quit to join Latham & Watkins.
Record length SDT hearing expected for Leigh Day solicitors under fire for British Army claims
Partners from Leigh Day are set to face a seven week Solicitors Disciplinary Tribunal hearing over claims that the British Army unlawfully killed and tortured Iraqi civilians.
Building momentum: Dentons boosts City corporate team again with Nabarro hire
The ever-growing Dentons has made its fifth London corporate hire in less than 12 months, bringing in partner Jonathan Cantor from Nabarro.
Continue reading “Building momentum: Dentons boosts City corporate team again with Nabarro hire”
Rolling on: Pinsents sole supplier deal with E.ON to run full term
Energy giant E.ON has confirmed its five–year single-supplier mandate with Pinsent Masons will run its full course, with the energy supplier electing not to exercise a three-year break clause after appointing the firm as sole legal adviser for general matters in October 2013.
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Freshfields’ top deal lawyer Mark Rawlinson quits for senior banking role at Morgan Stanley
Mark Rawlinson, one of the top City lawyers of his generation, is to quit Freshfields Bruckhaus Deringer to join Morgan Stanley as its new chair of UK investment banking.
Shutting down Sweden: Ashurst’s Stockholm outpost defects to local firm
Ashurst has closed its Swedish offering Ashurst Stockholm, with the entire team of 30 staff moving to fellow Stockholm-based firm Hamilton.
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Reed Smith lands CMS Cameron McKenna’s capital markets head as it hunts financial services growth
Intent on building up its financial industry group in the City, Reed Smith has hired CMS Cameron McKenna‘s head of capital markets Daniel Winterfeldt. He joins Reed Smith with a team of three associates.
Brexit fears: Record number of UK solicitors seek admission in Ireland
New figures from the Law Society of Ireland have revealed that in the first six months of 2016, a record-breaking 186 solicitors from the UK have been admitted to practice in Ireland.
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FCA fines to companies drop by a third as banking scandals pass, while individual penalties rocket
New figures show while the total value of fines handed down by the Financial Conduct Authority (FCA) has dropped by more than a third in the past year, new regulations relating to senior management has caused penalties to individuals to more than double over the same period.
Brexit battle: Nissan engages Lewis Silkin to sue Vote Leave campaign
Lewis Silkin is representing Nissan as it applies for an injunction against pro-Brexit campaign group Vote Leave.
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Freshfields’ top deal lawyer Mark Rawlinson quits for senior banking role at Morgan Stanley
Mark Rawlinson, one of the top City lawyers of his generation, is to quit Freshfields Bruckhaus Deringer to join Morgan Stanley as its new chair of UK investment banking.
‘Trust the lawyers’ won’t cut it
The report, Mapping the Moral Compass, is the second stage of an initiative to assess the ethical approach of and pressures on the in-house profession. Based on 400 responses, the report documents what was already apparent anecdotally: employed lawyers face considerable and specific ethical pressure points. While those tensions are not obviously more severe than in private practice, there is a far less developed framework to manage them. Continue reading “‘Trust the lawyers’ won’t cut it”
Working smarter
Let’s start with an assumption: we will reach peak in-house. Though the in-house profession has hugely expanded over the last 15 years – those in the private sector growing threefold since 2000 to over 16,000 solicitors in England and Wales by 2015 – in-house legal teams cannot keep growing forever.
At some point companies will tire of employing more lawyers. At some point lower cost providers than law firms will make such expensive recruitment harder to justify. At some point the money for expanding legal budgets (and the available data in the US and UK shows they are still expanding) will run out. And, as the joke goes, when the money runs out, it is time to start thinking. Continue reading “Working smarter”
