The gulf between success and failure among the firms occupying the second half of the LB100 is as pronounced as ever. From highly profitable boutiques to ravaged regionals desperate for a merger, we chart the haves and the have-nots Collectively making up just a tenth of the LB100 firms’ total 2012/13 revenue for 2012/13 of …
Continue reading “LB 100 – The second 50: Scattered in the wind”
Redundancy consultations continue to dog the City’s top 100 firms as Bond Dickinson and Watson, Farley & Williams last month became the latest to reveal they have placed a number of support roles under review. In August, Bond Dickinson began a consultation process that will see up to 7% of its support staff made redundant. …
Addleshaw Goddard’s objective to offer capability across the major disputes and arbitration centres has been given a boost by its launch today (8 August) of a local law practice in Hong Kong through a formal tie up with a newly established local firm led by partners from Minter Ellison and DLA Piper. The new office will …
Continue reading “Hong Kong drive: Addleshaws makes foray into local law two months after HK launch”
An online dispute resolution (ODR) technology business spun out of eBay is setting up in the UK after receiving a $5m investment from venture capitalists. Silicon Valley-based Modria, which provides technical solutions for the resolution of around 60 million disputes a year, will be launching its European arm following investment led by early-stage IT venture …
Continue reading “Vision of the future? Former eBay dispute resolution team heads to Europe”
Often hailed as one of the greatest US success stories of the last 25 years, new research underlines the elevated position Latham & Watkins has attained in the world’s largest legal market. The Legal 500 United States 2013 edition shows Latham as the highest ranked law firm judged by the total number of recommendations, putting …
Continue reading “Latham, Sidley and Skadden lead the US pack in Legal 500 research”
It’s been another year of solid organic growth for stalwart Burges Salmon, with revenue, profit and profit per lawyer (PPL) all up 4% at the end of last financial year. The UK top 50 firm posted its highest ever revenue figure of £73.7m, up from £71m at the end of financial year 2011/12, with net …
Continue reading “Financial results 2013: steady as she goes for Burges Salmon”
While single service retainers appear unlikely to become a broad fixture of the legal market, Eversheds continues to push on with the model having sealed a multimillion-pound deal with valve manufacturer and Tyco spin-off Pentair Flow Control to take over all its routine legal work in the EMEA region. In a two-year, fixed-fee contract, the …
Continue reading “Moving slowly forwards – Eversheds seals another Tyco-style deal”
At the start of 2012 Osborne Clarke (OC) had little in the way of a direct international presence but the top 40 UK firm has continued its assault on Europe with a Paris launch, marking its fourth office opening in just over a year. The office, which opened last Monday (15 July), is headed by …
If it had seemed that the flow of UK hires between private practice and in-house was very much one-sided in the corporates’ favour a recent run of high profile moves has gone some way to evening out the score. Co-operative Legal Services (CLS) co-founder Jonathan Gulliford has joined Pannone Affinity as a consultant as part of …
It was once Scotland’s most revered firm but Dundas & Wilson continues to experience misery heaped upon misery, rounding off a second annus horribilis by announcing a successive double-digit drop in turnover today (19 July). Turnover was down 11% at the end 2012/13 to £48.7m from £54.5m, with profit down 21% to £12.8m from £16.2m …
