More law firms are formally vetting potential senior recruits. Legal Business investigates the growth – and controversies – of partner due diligence. The legacy of failed lateral hires can damage reputations and even affect the finances of a firm, and this can be particularly galling when the failure is down to an absence of basic …
Clyde & Co has maintained its strong financial performance of recent years by today (5 June) announcing a 9% increase in global revenues, with profits increasing by 11%.
CMS has unveiled a marginal increase in revenue for the 2013/14 financial year, with turnover up by under 1% from €837.7m to €842.1m for the year ending 31 December 2013.
With competition between US and UK firms for dominance in key European finance markets intensifying each month, Allen & Overy (A&O) has laid down a significant marker. It has boosted its US-qualified lawyer ranks in London with the hire of Cahill Gordon & Reindel counsel Jake Keaveny, a high yield specialist, as partner.
Freshfields Bruckhaus Deringer today (29 May) unveiled a significant pay hike for its newly qualified (NQ) and junior ranks, with trainees also in line to take home £1,500 more, following a pay freeze in 2013.
Keystone Law has hired into its most senior ranks a former partner from Addleshaw Goddard and SGH Martineau alongside a former general counsel (GC) of Yahoo! to bolster its disputes, corporate and TMT practices.
As the Malaysian government this week releases the raw data used to show Malaysian Airlines flight MH370 crashed into the southern Indian Ocean, Kennedys aviation liability and insurance partner David Johnston is on standby to deal with any potential claims arising against the airline.
Despite reports in the US legal press that the merger between Squire Sanders and Washington-headquartered lobbying firm Patton Boggs may have hit the buffers at the 11th hour, the firms today (27 May) announced that the merger has been voted through.
The past week saw Withers hire Taylor Wessing’s head of contentious trusts and estates as the BBC’s head of litigation returned to private practice with a move to Baker & McKenzie, and Brown Rudnick and TLT made strategic hires in intellectual property (IP) and real estate respectively.
Hogan Lovells has increased its pay for both trainees and newly-qualified (NQ) lawyers for the second year running after a freeze on trainee pay in 2012.
