Allen & Overy‘s (A&O) c-suite including its senior partner and managing partner, global practice heads and support directors took home £13.6m in 2015/16, up 7% on last year’s £12.7m, the firm’s accounts reveal. Continue reading “A&O management sees a 7% increase to pay amid modest revenue growth”
LLP accounts: Holman Fenwick slashes top member pay as Fieldfisher boosts leadership remuneration
The latest release of firm LLP accounts at Companies House has seen Holman Fenwick Willian drastically reduce pay to its top member, as Fieldfisher has increased its top member pay and given more to its leadership team. Continue reading “LLP accounts: Holman Fenwick slashes top member pay as Fieldfisher boosts leadership remuneration”
Leadership pay at Clifford Chance up 7% in 2015/16 after falling the year before
Clifford Chance‘s (CC) 12-strong executive leadership group saw their combined pay packets increase by 7% to £15m, the firm’s LLP accounts for 2015/16 on Companies House reveal. Continue reading “Leadership pay at Clifford Chance up 7% in 2015/16 after falling the year before”
Ashurst halts profit distributions amid turbulent financial period
Ashurst has halted its upcoming quarterly profit distribution to partners (PEP) following disappointing financial results which saw profits per equity partner drop by 19%. The payment was scheduled for this month (August).
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Ashurst to revamp lockstep and add bonus pool after financials disappoint
Following another disappointing round of financial results, Ashurst is considering implementing a raft of changes to partner remuneration.
Continue reading “Ashurst to revamp lockstep and add bonus pool after financials disappoint”
The Euro Elite top 25 – Wars of Independence
While the advance of global law firms has stalled in recent years, high-quality independents have regained their purpose. Welcome to the Euro Elite, our first study of the advisers redefining the Continent’s legal market.
‘There’s economic value in the culture of a firm,’ says João Vieira de Almeida, managing partner of Portuguese firm Vieira de Almeida & Associados (VdA). If that culture is driven by independence, his sentiments are echoed by managing partners from Paris to Prague.
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Global London overview: The eagle has landed
Legal Business’ 14th annual Global London survey assesses the breakthrough of the City’s leading US shops in the past 12 months
Recently appointed to jointly lead his firm’s expansive City office, Gibson, Dunn & Crutcher tax partner Jeffrey Trinklein recalls a visit to London in the early nineties. ‘Back then, the US offices in London were 100% American lawyers. Now it’s 10%.’
Continue reading “Global London overview: The eagle has landed”
Latham’s global march slowed as capital markets slump hits US elite
After setting the pace during last year’s global reporting season, raising revenue by 14% to $2.61bn to become the largest law firm in the world by turnover, growth at Latham & Watkins slowed in 2015 as the collapse in capital markets activity hits elite US firms.
Continue reading “Latham’s global march slowed as capital markets slump hits US elite”
DLA Piper pay to highest earning LLP member nears £2m despite firm’s profit dropping
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.