One of the most consistent success stories of the UK legal market in recent years, RPC has revealed impressive growth for 2014/15 as its revenues rose 12% to £94m, while profit per equity partner (PEP) at the firm soared 19% to £403,000.
Continue reading “Strong run resumed as RPC posts double-digit revenue and profit growth”
London associates at Herbert Smith Freehills (HSF) have had their salaries bumped up by between £4,000 and £8,000 as competition for City talent continues.
Continue reading “Herbert Smith Freehills pitches into City salary war with associate pay increases”
The first Magic Circle firm to release its financial results, Linklaters posted a 1% rise in revenue to £1.27bn as it struggled to capitalise on the return to form of its heavyweight corporate team in London.
US firm Morrison & Foerster has made a key hire with the recruit of Latham & Watkins’ private equity partner Graeme Sloan, where he will head the firm’s London corporate practice and serve as global co-chair of the firm’s M&A practice.
Continue reading “Morrison & Foerster boosts City practice with Latham hire”
On the same day that the City giant posted its results for the last financial year, Linklaters‘ managing partner Simon Davies has confirmed he will retire from the firm at the end of 2015, a year ahead of the end of his current term, to join Lloyds Banking Group.
Continue reading “Linklaters’ Davies to step down early as managing partner to join Lloyds”
US firm Goodwin Procter has made its second private equity hire from King & Wood Mallesons’ City office with private equity partner Simon Fulbrook, signalling ‘an important strategic step in the development’ of its European private equity capabilities.
Continue reading “Goodwin Procter makes second private equity hire from King & Wood Mallesons”
Herbert Smith Freehills (HSF) has registered a sharp increase in profitability in its second full financial year since its merger, as revenues passed the £800m mark.
TLT has boosted its financial services offering with the hire of Barclays’ investigations and enforcement head Jake McQuitty, who joins the firm as a partner.
Continue reading “TLT boosts City financial services offering with Barclays’ team head hire”
After suffering a series of raids on its renowned City private equity practice, including the announced departure of partner Simon Fulbrook earlier today (1 July), King & Wood Mallesons (KWM) has sought to rebuild its flagship group with the hire of Laura Brunnen from Fried, Frank, Harris, Shriver & Jacobson.
Continue reading “KWM seeks to rebuild City private equity practice with Fried Frank hire”
Weil, Gotshal & Manges has bolstered its Shanghai office with the hire of Freshfields Bruckhaus Deringer’s New York-qualified corporate partner Charles Ching.
Continue reading “Weil makes China lateral move with acquisition of Freshfields’ Ching”
Jones Day has launched a fund formation practice in Paris through the hire of partner Catherine Martougin from Luxembourg firm Arendt & Medernach in a bid to boost the firm’s private equity capabilities, while it also recruited a five-strong team from French firm Gide Loyrette Nouel to boost its TMT practice, particularly in Africa and the Middle East.
Continue reading “An American in Paris: Jones Day seeks to bolster teams through local recruits”
The second Magic Circle firm to post its financial results, Allen & Overy (A&O) has moved ahead of peer firm Linklaters with an annual revenue of £1.28bn for the financial year ending June 2014/15, up £47m, or 4%, from £1.23bn.
Continue reading “A&O records a solid year with 4% revenue growth while profits jump 8%”
Both White & Case and CMS announced yesterday the re-election of their executive chairmen with Hugh Verrier taking the role on for a third time at the US firm while CMS’ Cornelius Brandi was elected for a second term.
Solicitors and barristers in London and across the UK have agreed to boycott legal aids cases from tomorrow (1 July) following ‘untenable’ further cuts of 8.75% in fees for duty solicitors.
Magic Circle duo Clifford Chance (CC) and Linklaters have taken lead advisory roles on General Electric’s $2.2bn sale of its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC).
US duo Gibson, Dunn & Crutcher and Weil, Gotshal & Manges have won key roles on the headline merger of Willis Group Holdings, one of the world’s oldest insurance broker, and human resources consultancy Towers Watson, for $18bn.
Bird & Bird has lost a professional negligence dispute taken by former client and offshore company Orientfield Holdings at London’s High Court and been ordered to pay out £1.8m in damages plus interest.
Continue reading “Bird & Bird loses £1.8m professional negligence case over planning report”
While some law firms are consolidating their presence in the region, Shearman & Sterling has bolstered its presence in the Middle East through an affiliation with local Saudi Arabian firm Abdulaziz Alassaf & Partners.
Continue reading “Shearman partners with three-office Saudi firm as it builds Middle East presence”
Orrick, Herrington & Sutcliffe has continued with its European strategy revamp, building its energy team in London by hiring Hogan Lovells’ global co-head of energy and natural resources Matthew Williams and renewables co-head John Deacon.
In a guest post, Aric Press, partner at the legal consultancy Bernero & Press and former editor-in-chief of The American Lawyer argues the path towards a high achieving culture in law firms turns out not to be money driven. It’s human nature, unleashed.
