‘Law firms are stupid. They were stupid last time round. People forget but, after Lehman Brothers collapsed, salaries still went up. Almost automatically they still increased salaries.’ So commented Scott Gibson, director at legal recruitment consultancy Edwards Gibson, as he reflected on the recent round of NQ salary increases at the Magic Circle. While the …
‘Very much business as usual,’ Samantha Palmer replied when asked about Ince & Co’s future following its acquisition by Axiom. Palmer, a finance and projects partner at Pinsent Masons, is the appointed solicitor manager for Ince’s administration and is overseeing all regulatory aspects of the acquisition. The sale was completed on 28 April, just over …
Continue reading “Steadying the ship: what’s next for Ince?”
Kathleen Russ has taken the decision to step down as senior partner of Travers Smith, following a leave of absence for ‘exceptional family reasons’. Russ (pictured) will return to her role as senior partner in a part time capacity, sharing responsibilities with Siân Keall, who has been acting senior partner since January. Russ will stand …
Continue reading “Russ to step down as Travers Smith senior partner”
London headcount: 212 lawyers, 44 partners Lawyer headcount change since 2017: 24% London managing partner: Tom Thesing Office specialties: Private equity, M&A, life sciences, financial services, restructuring, antitrust, investment funds, privacy, insurance, litigation and global finance
For many, the collapse into administration of the Ince Group, the listed parent company of storied shipping firm Ince, was inevitable. A procession of public mishaps and falling revenue, combined with a string of high-profile partner departures, had left the future of the firm hanging in the balance for several months. In April, following a …
What made me decide to become a lawyer? Almost certainly watching Crown Court as a small child. Although it’s a fictionalised representation of court cases, the process intrigued me.
Eversheds Sutherland has had a busy week, strengthening both its regulatory and energy and infrastructure finance practices with two senior hires. Nicola Williams has re-joined Eversheds, after a decade long stretch at Welsh Water Legal, where she was the legal compliance director and company secretary. She has joined as a partner in the firm’s litigation …
Amid a busy week of non-domestic news, Reed Smith has been among the firms making headlines, appointing Singapore-based Prajakt Samant as its new Asia-Pacific managing partner. Samant has succeeded Kyri Evagora, who had been in the role since July 2020, and who has relocated to the firm’s London office from Singapore.
Sidley Austin’s London office made a major play last week with the hire of two prominent energy infrastructure and private equity partners from Weil, Gotshal & Manges. James MacArthur has joined the firm’s global energy, transportation and infrastructure practice and will be followed shortly by his Weil colleague Ed Freeman. MacArthur is ranked as a …
Cleary Gottlieb has returned to Linklaters for another partner, this time hiring the Magic Circle firm’s co-head of the financial sponsor leveraged finance practice, Edward Aldred, to its private equity team. The move has been seen as another coup for the Wall Street firm’s recently expansive London strategy and represents a further blow to Linklaters …
