Clifford Chance (CC) has become the second Magic Circle law firm to raise the starting pay for its associates to £100,000, a month after City rival Freshfields Bruckhaus Deringer announced a similar increase. In a move signalling the widening impact of the pressure for talent from US firms on the City elite, CC has raised …
Dentons’ UK and Middle East revenue rose 13% to £229.8m in 2018/19 but growth in profit per equity partner (PEP) slowed, rising 4% to £676,000 compared to a 36% spike the previous year. The firm announced today (5 June) the first financial results for its UKME LLP covering a full financial year of operations since …
Continue reading “Dentons UK and Middle East revenue nears £230m in first post-Scotland results”
UK top 30 insurance and shipping specialist Kennedys has raided Norton Rose Fulbright’s (NRF) London insurance bench, recruiting two partners and another eight-lawyers. Meanwhile, Bryan Cave Leighton Paisner (BCLP) hired two energy partners from Watson Farley & Williams and RPC hired a chief operating officer (COO) from Clifford Chance (CC).
Taylor Wessing has kicked off the financial reporting season for the UK top-25 with another year of double-digit growth in profit per equity partner (PEP). In the first financial results since Shane Gleghorn took over as managing partner, the tech-focused firm increased UK turnover by 8% to £156.6m in 2018/19.
Slaughter and May Italian ally BonelliErede is to merge with litigation and corporate independent firm Lombardi e Associati, strengthening its position as the largest player among the country’s three champions. Bonelli’s partnership unanimously approved the move on Saturday (25 May) and as of July the firm will take on around 70 lawyers, growing its headcount …
Two opposite developments in the UK high street have seen City and US firms advise as food chain Pret A Manger acquired rival Eat and high-profile British chef Jamie Oliver’s restaurant business went into administration. Also keeping City insolvency practitioners busy was the news today (22 May) that British Steel has been put into compulsory …
Greenberg Traurig is to open its fifth European office via the acquisition of a Milan boutique and the hire of two veterans from the Italian branch of Freshfields Bruckhaus Deringer. The US firm announced yesterday (16 May) that as of July the northern Italian city will become the location of its 40th office worldwide while …
International investors have been keeping UK and US counsel busy this week, with Linklaters and Kirkland & Ellis winning roles on Nestlé’s proposed $10bn sale of its skincare business. Eversheds Sutherland, Pinsent Masons and Ashurst, meanwhile, were all in action as Japan’s largest housebuilder, Sekisui House, entered the UK market, and Herbert Smith Freehills (HSF) …
It was not all plain sailing,’ reflects Ben Tidswell, Ashurst’s chair, on the aftermath of its 2013 merger with Australia’s Blake Dawson. ‘But partners saw what we were trying to achieve and most wanted to be part of that. Now the firm is enjoying the success of that.’ Tidswell speaks with the palpable relief of …
Continue reading “Inflection point – Ashurst steps back from the brink but can the revival last?”
Fieldfisher continues to build on what managing partner Michael Chissick describes as a strategy to be ‘in every commercial capital in Europe’, having opened in Dublin – its seventh new office since the beginning of 2018. The mid-market pacesetter merged on 1 May with Irish firm McDowell Purcell to add the 25th office to its …
Continue reading “Global expansion: Fieldfisher picks Dublin for seventh office launch in a year”
