Law firms across the UK with revenues below £46m ‘should expect tougher conditions in 2016’ despite generating a 6% increase in average fee income last year, according to NatWest’s latest Legal Benchmarking Report.
Continue reading “Tough times predicted for mid-tier firms, says NatWest report”
Boies, Schiller & Flexner has filed its first office revenues since launching in the City raking in £7.6m through to the end of October 2015.
Continue reading “Boies Schiller posts first London revenue figures, raking in £7.6m”
Two parliamentary committees have written to express outrage as a Pinsent Masons partner has been nominated to chair Britain’s leading equality and human rights body.
Continue reading “Pinsents partner grilled over appointment to human rights body”
The rough and tumble of trainee retention season offers contrasting images to future lawyers as Eversheds keeps on all eight trainees while Simmons & Simmons becomes the latest firm accused of tampering with its figures.
Continue reading “KWM and Simmons clock poor retention rates as Eversheds hits 100%”
With the recent relaunch of Legal Business‘ sister title The In-House Lawyer, we are unveiling a total overhaul of the magazine first launched over 20 years ago. The title, the first dedicated to the UK’s expanding community of corporate counsel, has long been an important part of the stable of our parent company Legalease, which is committed to expanding its links with general counsel.
A firm rarely to lose its senior talent, Wall Street firm Cravath, Swaine & Moore‘s corporate partner Scott Barshay is leaving the prestigious firm to join disputes leader Paul, Weiss, Rifkind, Wharton & Garrison as its global head of M&A.
Continue reading “After 25 years, Cravath loses top deal lawyer Barshay to Paul Weiss”
Holman Fenwick Willan (HFW) and Simmons & Simmons have made moves to boost their presence in Asia, with HFW entering a formal association with Shanghai firm Wintell & Co, while Simmons expands its financial markets practice in Singapore, hiring Dentons’ former managing partner.
In the coming days you will hear a lot about the difference between tax avoidance and tax evasion.
Continue reading “Guest post: The Panama Papers – why it’s very possible the behaviour is criminal”
Taking its second step to expand its private equity (PE) practice in Europe, Goodwin Procter has turned to King & Wood Mallesons (KWM) for the second time in 12 months with six partners, including KWM’s Paris head, to launch a PE practice.
Continue reading “Goodwin Procter hires from KWM private equity team again for Paris office launch”
City law firm Simmons & Simmons has been named in the Panama Papers leak, after 11.5 million confidential documents were leaked from Panamanian law firm Mossack Fonseca.
Continue reading “Simmons cited in Panama Papers leak after working with Mossack Fonseca”
Addleshaw Goddard has promoted 15 to partner this year, three fewer than last year when it more than doubled its promotions with 18 making the ranks.
Pinsent Masons has made up two thirds of its 18-strong partner promotions round in its City office, while Weightmans promoted three in Liverpool this year.
The legal market has seen a high-profile return to chambers and a series of both national and international lateral appointments this week at firms such as Squire Patton Boggs, Allen & Overy (A&O) and Eversheds.
London-listed investment group Old Mutual’s longstanding legal chief and company secretary, Martin Murray (pictured), is to retire in June, and is expected to be replaced by his deputy Colin Campbell.
Continue reading “Old Mutual legal chief and company secretary to step down”
Allen & Overy, Macfarlanes and Travers Smith are among the firms competing to be named Law Firm of the Year at this year’s Legal Business Awards.
The Co-operative Bank’s legal risk expenditure almost doubled in 2015 mostly to address issues caused by the mis-selling of payment protection insurance.
Continue reading “PPI costs drive Co-op Bank’s legal risk expense up 91%”
Heavyweight financial services silk Andrew Green QC (pictured) of Blackstone Chambers has been appointed as a specialist adviser to the Treasury Select Committee and commissioned to review ‘Maxwellisation’ after it took regulators seven years to publish a report on the failure of HBOS.
Sidley Austin is upping its game in the City by announcing it will increase the salary of all its London associates to at least £100,000.
Mired in controversy over the restructuring of its internal legal team, Lloyds Banking Group (LBG) has lost another senior figure as it has emerged its head of legal for wealth management and international retail, John Pitt, is set to join HSBC where he will work alongside UK general counsel Hugh Pugsley, also formerly of LBG.
Continue reading “In-house: Lloyds loses wealth management chief to HSBC”
Having long voiced its intention to boost revenues in the Asia-Pacific region Hogan Lovells has recruited four new partners to expand its operations in Australia, hiring Scott Harris from DLA Piper, Richard Hayes from King & Wood Mallesons (KWM), and Gilbert & Tobin duo Andrew Crook and Ros O’Malley. Continue reading “Hogan Lovells triples Australian partner headcount with new hires”
