Trainee retention: Freshfields keeps on 82% of junior lawyers
Freshfields Bruckhaus Deringer has become the second Magic Circle firm to post a high retention rate keeping on 82% of junior lawyers.
Financials 2013/14: Ince & Co suffers a 7% fall in global revenues, down to £86.7m
Ince & Co’s global revenues fell to £86.7m in the 2013/14 financial year from £93.2m in the 2012/13 LB100. Against the firm’s latest audited figures, this works out to be a drop of 5% from £91.7m.
Redundancy watch: Parabis Law reviews 41 roles across two regional offices
Parabis Law has placed two of its regional offices under review as of today (4 August) affecting 41 employees.
Stephenson Harwood gets licence to open Seoul office
Stephenson Harwood will open its Seoul office in autumn this year after the Korean Ministry of Justice awarded the firm a licence to practice in the region.
Revolving Doors: City hires for KWMSJB and Kaye Scholer; international recruits for Dentons and Eversheds
This week’s lateral hiring has seen international firms King & Wood Mallesons SJ Berwin (KWMSJB) and US firm Kaye Scholer expand in London, while Dentons made a c-suite recruit in Europe and Eversheds hired in Hong Kong.
Slaughter and May acts for Serious Fraud Office as it pays out £4.5m in Tchenguiz battle
Within days of the Serious Fraud Office (SFO) settling the first Tchenguiz case for £3m, the agency has agreed its final pay out of £1.5m to Robert Tchenguiz drawing the case to a close today (31 July).
Financial results 2013/14: Slight revenue and PEP increase at Holman
UK top-30 insurance firm Holman Fenwick Willan has posted a slight increase of 2% in global revenues with receipts growing to £143.8m in the last financial year ending 2013/14, only marginally up from £141m the previous year. Profits per equity partner (PEP) at the firm fared better, coming in at £554,000, an increase of 5% …
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Ashurst downsizes Adelaide office as head relocates
Global top-40 firm Ashurst is scaling back its Adelaide office headcount as its only Adelaide-based partner and office head Tanya Denning relocates to Melbourne to lead its energy practice.
Serious Fraud Office settles first Tchenguiz case for £3m with a further £3m in costs
The high profile Tchenguiz brothers’ lawsuit against the Serious Fraud Office (SFO) for around £300m has finally settled after the SFO agreed to pay Vincent Tchenguiz £3m.
Mayer Brown cuts trainee intake by half and retains 67% while Weil retains 100% of trainees
Mayer Brown will be cutting its September 2016 trainee intake by half, taking in just ten applicants compared to their usual intake of 20.