US firm Quinn Emanuel Urquhart & Sullivan has strengthened its construction offering with the appointment of Herbert Smith Freehills’ James Bremen as its chair of the construction practice based in London.
In the first marquee joint venture between a Big Four accountant and a Magic Circle law firm, Allen & Overy (A&O) has teamed up with Deloitte to create a tech-driven service to help banks handle post-Lehman regulation.
In its latest plea for independence, The Solicitors Regulatory Authority (SRA) is making its case for separation from the Law Society in its response to Treasury’s call for information on its re-evaluation of the anti-money laundering (AML) supervisory regime.
Three months after it was confirmed the International Swaps and Derivatives Association’s (ISDA) longstanding general counsel (GC) David Geen had stood down, the trade organisation has announced a replacement, appointing Katherine Tew Darras to the role.
In a bid to compete with its US rivals, Freshfields Bruckhaus Deringer and Clifford Chance have followed in the footsteps of Cravath, Swaine & Moore, matching the salaries of its US-based associates, bringing pay to $180,000.
In a move likely to trigger similar increases amongst its rivals, Cravath, Swaine & Moore has lifted associate pay for the first time in almost ten years, bumping up base pay to $180,000.
Consolidation among the biggest players in the Baltic states has led to the creation of an elite tier of independent firms. 2015 was a significant year for the Baltic legal market, with rapid consolidation between firms in Estonia, Latvia and Lithuania creating, as Sorainen’s co-managing partner Laimonas Skibarka describes it, a ‘Baltic Magic Circle’. Rival …
They may not be out of the woods yet, but independent firms from the south-east tip of Europe are showing their resilience. In a region of Europe marred by economic crisis and political unrest, many firms in Greece, Turkey, Cyprus and the Balkan Peninsula have remained resilient. The expectation that testing circumstances could lead to …
Continue reading “Euro elite: focus Greece, Turkey and The Balkans – Bouncing back”
While international firms have enjoyed tussling with leading independents in Moscow for years, a hardening market has seen the local players show their resilience. Russia’s legal market continues to struggle after international sanctions were imposed in 2014 during the Ukraine crisis, affecting corporate, commercial and capital markets. These penalties added to the problems the region …
Continue reading “Euro elite: focus Russia and CIS – Cold fronts”
NQs at Freshfields receiving £17.5k extra Newly-qualified (NQ) solicitors at Freshfields Bruckhaus Deringer have received the largest bump in pay of the Magic Circle so far this year, taking home around 25% more than last year. At Freshfields, NQ pay packets have been boosted by an extra £17,500 after the firm announced it would be …
