Following its US merger, international asset manager Columbia Threadneedle has carried out a restructure of its UK legal team, scrapping the head of legal and head of compliance roles.
Continue reading “US focus: Columbia Threadneedle restructures legal division post-merger”
Unease over department restructuring continues
Lloyds Banking Group is pushing an incentive scheme to its lawyers to secure new recruits into senior legal roles following a string of exits. The move comes after the bank made multiple redundancies as part of an ongoing restructure.
Continue reading “Lloyds offers bonus for help filling senior legal roles amid shake-up”
Norton Rose and Dentons follow suit as offshoring takes flight
DLA Piper is to cut 200 business support jobs in the UK in a move that will see the firm make one of the largest law firm redundancies since the aftermath of the financial crisis. The restructuring comes as other Legal Business 100 firms, including Norton Rose Fulbright (NRF) and Dentons, decided last month to also cut back-office jobs.
Continue reading “DLA to cut 200 UK jobs as global firms trim support roles”
Lloyds Banking Group is pushing an incentive scheme to its lawyers to secure new recruits into senior legal roles following a string of exits. The move comes after the bank made multiple redundancies as part of an ongoing restructure.
Continue reading “Lloyds offers bonus for help filling senior legal roles amid management shake-up”
Royal Dutch Shell has announced its target operating model after finalising its £35bn takeover of BG Group in February, and indicated it will reduce the amount of project lawyers it has due to a drop-off in demand.
King & Wood Mallesons (KWM) has made 37 business services jobs redundant in London as part of wide-reaching cutbacks across its European arm.
Continue reading “KWM cutbacks hit 37 support staff in the City”
With 24 partners on the market following King & Wood Mallesons‘ (KWM) decision to axe 15% of its European and Middle Eastern practice, Ashurst has picked up real estate partners Darren Rogers and Patrick Williams.
Continue reading “KWM real estate duo land at Ashurst following restructure”
These are tough times for the house that Stanley Berwin built, with exhibit A being recent news that King & Wood Mallesons (KWM) is undergoing a sweeping partnership restructuring set to trim its European business by nearly two dozen partners, or 15% of its ranks.
Continue reading “Comment: KWM – ultimately it comes down to a question of confidence”
Following its landmark combination with Dentons to create a 7,500-lawyer legal giant, legacy Dacheng is restructuring its practice to reduce the number of profit pools from 15 to five.
Continue reading “Dentons shakes up profit-sharing arrangement in China”
These are tough times for the house that Stanley Berwin built, with exhibit A being recent news that King & Wood Mallesons (KWM) is undergoing a sweeping partnership restructuring set to trim its European business by nearly two dozen partners, or 15% of its ranks. While global managing partner Stuart Fuller (pictured) attempts to frame the move as repositioning KWM for the future, the storm clouds are ominous. The firm has suffered a string of significant exits in the last 18 months in its funds, litigation and corporate practices, losing several notable clients along the way. The firm was already going through a performance-driven partnership review set to manage out at least 10% of its ranks by this April (the firm’s German practice has struggled particularly). While the firm managed to achieve respectable growth in 2014/15 and increases in profitability in Europe, having to go through more major cuts is hardly an advertisement for its partnership.
Continue reading “KWM – ultimately a question of confidence”
