H1 2013/14: Olswang sees turnover jump by 15%

Olswang has joined the early ranks of top 50 firms to reveal their half year (H1) 2013/14 results, with turnover up 15% on the same period last year, bringing in revenues of £57.6m compared with £50.03m last November. In a statement, the top 35 firm’s chief executive, David Stewart (pictured), who in April was elected for a …

Water regulator seeks to fill newly-created GC role as sector overhaul looms

Following proposals for the first major reform of the water and waste sectors since privatisation in the 90s, industry regulator Ofwat is now looking to fill a newly-created general counsel (GC) role as it seeks high level strategic advice and leadership on the opening of markets, reform of licences and the evolution of price controls. The …

Field Fisher loses construction head to Fladgate weeks after loss of privacy head to Hogan Lovells

Just weeks after Field Fisher Waterhouse lost its head of privacy Eduardo Ustaran to Hogan Lovells, the 350-lawyer UK top 40 firm has seen head of construction Alan Woolston move to West End firm Fladgate. Woolston, who specialises in construction and engineering law, takes associate Chris Farrell with him and his arrival brings the number of …

In-house round-up: High level moves at HMRC, Premium Credit, RSC and Time Inc.

Senior in-house moves across the media, culture and financial services sectors have seen former Virgin Money legal director Jasan Fitzpatrick named general counsel (GC) at Premium Credit, the Royal Shakespeare Company (RSC) hand interim GC Marina Zain a permanent role, former News Corp GC Lon Jacobs take up a deputy role at Time Inc. and …

Law firm collapse: SRA intervenes to close down insolvent Follett Stock

Set against a backdrop of over 100 UK law firms currently under threat of closure for failing to obtain professional indemnity insurance, South West law firm Follett Stock is the latest to fold after the Solicitors Regulation Authority (SRA) announced yesterday (6 November) that it had closed down the insolvent firm. The SRA’s intervention means …

No dishonesty but two Addleshaws partners handed £5,000 fine at tribunal following ‘discrepancies’

It won’t rank near the summit of publicity-hogging mis-conduct cases seen at major law firms in recent years but two Addleshaw Goddard partners have each been fined £5,000 after being summoned to the Solicitors Disciplinary Tribunal (SDT) this week. The financial penalty, which came following an investigation into discrepancies over disbursements, had been agreed by the Solicitors …

Game changers – the AA enters legal services market via Lyons Davidson tie-up

Touted as one of the potential game changers likely to enter the post Legal Services Act arena, the AA has fulfilled market expectation – albeit a little later than its closest rivals – by securing alternative business structure (ABS) status and entering into a joint venture with Bristol-based Lyons Davidson. AA Law, which will initially …

London Boroughs’ Legal Alliance halves panel as Pinsents, TLT and Ashford reappointed

The London Boroughs’ Legal Alliance (LBLA) has joined the rising number of organisations to drastically slim down its roster of legal advisers in a bid to achieve better value after revamping its panel for the third time in four years. The LBLA, which includes the London boroughs of Kensington & Chelsea, Brent, Camden, Ealing, Hackney, …

High yield, high stakes – DLA Piper makes key investment in deal finance with hire of ex-CC partner

It’s historically proved one of the hardest practice areas for City firms to break, proving often impenetrable for even elite London players, but DLA Piper is hoping its Anglo/American reach can help it make a mark in one of the most lucrative areas of deal finance. In a major investment in its City finance team, …

The ideal law firm for 2013? Eversheds hunts for its breakthrough

With an enviable brand reach, warm feedback from clients and a focus on innovation and value, Eversheds should be sweeping all before it. Legal Business explores why it hasn’t been quite that simple Next year marks the 100th anniversary of Evershed & Tomkinson, the Birmingham firm that lent its name to the high-profile institution of …