The latest to emerge in a run of recent LLP filings is Holman Fenwick Willan, which has seen its revenue dip 5% to £139m from £145m while operating profit fell by 16% to £49.9m from £59m.
Continue reading “Holman Fenwick Willan posts revenue and profit slide in latest LLP accounts”
Prosecutors at the SFO have made another request for cash, seeking an additional £21.1m for ‘blockbuster’ cases, after making a £10m request in June last year. The SFO’s core funding budget for 2015-16 is £33.8m.
Continue reading “‘Not unexpected’: SFO asks for extra funds for fourth time in as many years”
Slaughter and May and Nabarro improved their trainee retention figures this month with the latter firm retaining 89%, while the Magic Circle firm posted a 95% retention rate.
Continue reading “Trainee retention: Slaughter and May and Nabarro up their intakes for spring 2016”
Slaughter and May, the UK’s most profitable law firm, has elected its longstanding head of M&A Steve Cooke as its next senior partner.
Australian-listed Slater and Gordon is facing further inquiry as the company’s lenders have appointed their own investigative accountants to look at the firm’s books.
Continue reading “Further scrutiny: Banks order investigative review of Slater and Gordon’s books”
Dentons has (7 January) confirmed the hire of Matthew Arnold & Baldwin‘s (MAB) 75-strong banking and finance litigation team, including 11 partners and 64 fee earners.
Allen & Overy‘s (A&O) senior partner and managing partner, global practice heads and support directors took home £1.1m more in the financial year ending 30 April 2015 than the year before, the Magic Circle firm’s latest LLP filings show.
In a record year for global M&A, US firm Skadden, Arps, Slate, Meagher & Flom and Magic Circle firm Freshfields Bruckhaus Deringer were the top performers in the US and Europe respectively, according to Dealogic’s 2015 league tables.
Benefitting from a resurgence of financial work in the City in 2014/15, Simmons & Simmons acted prudently to boost its profitability and reduce debt, its LLP filing shows.
Scottish engineering business Weir Group has appointed Burness Paull and CMS Cameron McKenna to its first ever European panel following a competitive tender process while Herbert Smith Freehills (HSF) and Baker & McKenzie have been gifted with advisory roles on its global legal roster.
More than 2,500 unsecured creditors of the now defunct Parabis Group will lose almost £50m, a report from the company’s administrators reveals.
Hogan Lovells today (5 January) announced 24 associates have joined the partnership, including five in London, mostly across the firm’s corporate, disputes and government regulatory practices.
Baker & McKenzie‘s push in the UK disputes arena has continued into the new year with the hire of Hogan Lovells stalwart Hugh Lyons.
Continue reading “Disputes drive: Baker & McKenzie hires Hogan Lovells litigator Lyons”
Teams from Jones Day, Herbert Smith Freehills and Walker Morris have won mandates as Premier League football club Crystal Palace FC restructures in an ownership deal with US billionaires Josh Harris and David Blitzer which includes an initial £50m investment.
The highest-paid LLP member at Stephenson Harwood took home £1.3m during the last financial year compared to just over £1m the previous year – an increase of nearly 30% on what was paid in 2013/14.
Continue reading “Stephenson Harwood pays 30% more to highest-earning member, latest accounts show”
Clifford Chance‘s (CC) 12-strong executive leadership group saw an average 7% decrease in pay packets in the last financial year while the firm’s revenue and profit fell, according to accounts filed at Companies House.
The highest-paid LLP member at DLA Piper International took home £1.96m last year, 8% more than the biggest payout last year, despite the firm’s profit dipping.
Just over a year since US firm Akin Gump Strauss Hauer & Feld took over Bingham McCutchen’s $50m London office, the firm has made its largest ever number of partner promotions in the City, with three lawyers joining the partnership.
Year-end is often seen, understandably if somewhat arbitrarily, as a time for reflection. Actually, in my book there’s never a bad time for reflection, so I’ll take an arbitrary peg over no peg.
Continue reading “Guest post: What’s your theory of the business?”
After winning a place on Deutsche Bank’s global legal panel last year, Freshfields Bruckhaus Deringer is representing the German bank on the sale of ¥25.7bn of its Chinese assets.
