Slaughter and May has stuck its head above the parapet on the thorny issue of social mobility, outlining ambitious targets for 2033, in what will be seen as a bold move at the elite end of the profession. Over the next decade the firm aims to increase its representation of individuals from a lower socio-economic …
Fieldfisher has reported an 11% rise in firm-wide revenue to £370m from £330m, marking ten years of consecutive revenue growth for the firm. However, profit per equity partner (PEP) fell 11% to £930,000 from £1.05m in the previous financial year. Broken down geographically, the firm recorded a 9% rise in revenue at its London office, …
Following their appointment as joint administrators for Ince on 28 April 2023, Andrew Hosking and Sean Bucknall of Quantuma Advisory have filed a statement of administrator’s proposal (the Quantuma proposal) at Companies House. A pre-pack sale of Ince’s business and assets to Axiom Ince has now been completed. The Quantuma proposal states: ‘Of the total …
Continue reading “Ince unable to pay creditors in full as administration draws to a close”
‘Governance was a concern long before people started talking about ESG. What we’ve learnt over time, though, is that governance is also about having a better business. There’s a carrot as well as a stick: an opportunity to gain financial advantage as well as to avoid regulatory issues.’ The words of DLA Piper boardroom counsel …
Continue reading “The ESG Report: Governance – Words into deeds”
In the wake of Allen & Overy’s stated ambition to merge with Shearman & Sterling, announced in May, Magic Circle peers have found themselves in the unenviable position of having to demonstrate to the market that they also have a coherent US expansion strategy. Clifford Chance (CC) did not disappoint, on 15 June naming Ness …
There was a strong international slant to last week’s round of lateral partner appointments, with firms making key hires in the US, UAE, Australia, and Hong Kong. In the US, Bryan Cave Leighton Paisner (BCLP) has hired a six-partner team of IP lawyers, led by Song Jung, alongside corporate partner Jeffrey Haidet from Dentons. Jung …
Continue reading “Revolving Doors: Global 100 firms lead on international hires”
Stephenson Harwood has reported an 11% rise in turnover to £228m from £206m for 2022/23, the firm’s highest-ever revenue. It comes after the firm reported largely flat financials for the year 2021/22. This time around, profit per equity partner (PEP) is up 6% to £725,000 from £685,000 in 2021/22. The firm has added 22 equity …
Following the recent hires of David Sewell and Damian Ridealgh to its New York office, Freshfields has announced six new partner hires across the US. Heather Lamberg and Tina Sessions have joined the firm’s antitrust team in Washington DC and Silicon Valley. Lamberg, who previously worked at Winston & Strawn and Shearman & Sterling, advises …
Clifford Chance has opened a new office in Houston, bolstering its global energy and infrastructure practice in the US. The firm has hired seven Houston-based partners to join the office, including Jonathan Castelan and Trevor Lavelle, who both join from Latham & Watkins. However, at this stage, Clifford Chance was unable to confirm the names …
It’s been a busy week for US firms in London as they continue to exercise their hiring power, with several lateral moves across private equity, IP and financial services. Reed Smith has bolstered its corporate practice with the hire of private equity partner François Feuillat, who moves from Willkie Farr & Gallagher and works across …
