City criminal law firm HJA ushers in sweeping ownership changes amid succession problem

City criminal law firm HJA ushers in sweeping ownership changes amid succession problem

London law firm Hodge Jones & Allen (HJA) has brought in sweeping changes to its ownership model, making it the first firm to be wholly owned by its employees.

The reform, which has been implemented through an employee ownership trust (EOT), is intended to secure the firm’s long-term future and address succession issues posed by the impending retirement of senior partner Patrick Allen. Continue reading “City criminal law firm HJA ushers in sweeping ownership changes amid succession problem”

‘No way a sign of retrenchment’: Ropes axes four partners amid London refocus

‘No way a sign of retrenchment’: Ropes axes four partners amid London refocus

In what has been termed by one rival City partner as a ‘night of the long knives’, Ropes & Gray has axed four of its London real estate and restructuring partners.

The move comes as the firm shifts the focus of the real estate practice back to its prized client base of asset managers, hedge funds, credit funds and direct investors amid a recent drift. The firm’s restructuring – or ‘special situations’ – practice is also being repackaged to appeal to the desired client base. Continue reading “‘No way a sign of retrenchment’: Ropes axes four partners amid London refocus”

‘A difficult time’: Ashurst axes 54 City secretaries following redundancy review

‘A difficult time’: Ashurst axes 54 City secretaries following redundancy review

Ashurst has culled more than half of its secretarial staff in London as its redundancy review draws to a ‘difficult’ conclusion.

The firm confirmed on Wednesday (19 July) that 54 of its 100-strong secretarial team had been made redundant following a consultation which put 80 jobs at risk. Two secretarial roles in the Middle East have also been axed. Continue reading “‘A difficult time’: Ashurst axes 54 City secretaries following redundancy review”

Taylor Wessing follows northshore wave with 10-lawyer Liverpool launch

Taylor Wessing follows northshore wave with 10-lawyer Liverpool launch

Taylor Wessing is joining the growing list of City firms expanding into low cost centres in the UK by launching an office in Liverpool.

The UK top 20 firm’s new base will open in September with an initial team of 11 lawyers and business support staff. Taylor Wessing will appoint a partner to lead the new office and aims to grow the team to 25 by the end of the year – consisting of 10 legal and 15 non-legal roles. They will all be new roles for the firm. Continue reading “Taylor Wessing follows northshore wave with 10-lawyer Liverpool launch”

Carillion collapse: Global 100 firms take centre stage as construction giant enters liquidation

Carillion collapse: Global 100 firms take centre stage as construction giant enters liquidation

Freshfields is acting for the official receiver

One of the largest UK insolvencies for years, the collapse of construction giant Carillion is poised to have a wide-ranging impact on a number of industries, not least among the most prominent restructuring and insolvency advisers in the City. Continue reading “Carillion collapse: Global 100 firms take centre stage as construction giant enters liquidation”

Slater and Gordon to close four UK offices amid further upheaval

Slater and Gordon to close four UK offices amid further upheaval

Capping off a challenging year, Slater and Gordon (S&G) is to close four of its UK offices as it seeks to consolidate its operations.

S&G, which saw its UK revenues for 2017 decline by 17%, told staff on Monday (27 November) that it plans to relocate employees from smaller regional outposts to the firm’s larger UK offices. The firm’s branches in Chester, Wrexham and Milton Keynes will be closed, while S&G’s Preston office will close when the lease on the premises runs out next summer. The firm currently has 14 offices in the UK. Continue reading “Slater and Gordon to close four UK offices amid further upheaval”

Ashurst pulls the plug on ill-fated 2009 move into US finance law with NY restructuring

Ashurst pulls the plug on ill-fated 2009 move into US finance law with NY restructuring

Five New York-based partners left Ashurst in July for US finance firm Chapman and Cutler, with a sixth partner departing for Allen & Overy (A&O) last month.

Partners Patrick Quill, David Nirenberg, Steven Kopp, Doug Bird and Tom Glushko all left Ashurst, completing the full departure of the ten-partner team the firm hired from McKee Nelson in 2009 to launch a structured finance practice.

Continue reading “Ashurst pulls the plug on ill-fated 2009 move into US finance law with NY restructuring”

Hogan Lovells to shed 90 City jobs as law firms continue to transfer back-office roles to low-cost hubs

Hogan Lovells to shed 90 City jobs as law firms continue to transfer back-office roles to low-cost hubs

Pity the poor business support staff. A week after Pinsent Masons confirmed that it was consulting on cutting 100 non-legal jobs, Hogan Lovells has announced that around 90 roles in its London arm are likely to go as part of a restructuring of its business.

About 78 business service roles and 12 legal support roles will be phased out or transferred to the firm’s West Midlands legal service centre or South African global business services hub.

Continue reading “Hogan Lovells to shed 90 City jobs as law firms continue to transfer back-office roles to low-cost hubs”

100 PA jobs at risk as technology push leads Pinsent Masons to redundancy consultation

100 PA jobs at risk as technology push leads Pinsent Masons to redundancy consultation

With growing pressure on firms to increase efficiency in the delivery of legal services through technology, as many as 100 legal personal assistant (PA) roles at Pinsent Masons are at risk of redundancy following a consultation launched by the firm.

The consultation will end by November and could affect any of the firm’s UK offices. Continue reading “100 PA jobs at risk as technology push leads Pinsent Masons to redundancy consultation”