Shares in Australia-listed Slater and Gordon (S&G) jumped yesterday (2 May) after the beleaguered law firm announced a deal with its lenders following a year battling with significant debts.
A former partner of now defunct firm Tracey Barlow Furniss & Co has admitted he failed to report his firm’s ‘serious financial difficulties’ to the Solicitors Regulation Authority (SRA), accepting a rebuke and over £2,000 in fines.
The University of Law (ULaw) has appointed its third chief executive in less than a year, recruiting economist and lecturer Stelios Platis into the role.
Weil, Gotshal & Manges has advised British department store chain BHS as it filed for administration today (25 April), with DLA Piper expected to work on behalf of the administrators.
The UK government will explore the use of capped fee contracts for legal work following a report into the £2.8m legal fees charged by Freshfields Bruckhaus Deringer after it advised HM Treasury on the sale of Eurostar International.
Following a string of seven recent hires to its Advanced Manufacturing and Technology (AMT) sector, Pinsent Masons has boosted its corporate team with the appointment of TMT specialist Andrew McMillan to its AMT sector. Previously head of Simmons & Simmons TMT practice, McMillan brings experience in advising TMT corporates, investment banks and private equity houses …
Shell has slashed its global panel from 11 firms to just six, with Eversheds and Reed Smith newcomers to the panel. Clifford Chance, Allen & Overy, Baker & McKenzie and Norton Rose Fulbright have been reappointed.
DAC Beachcroft, Hill Dickinson, Weightmans, and Geldards have been appointed as partners on the North West Legal Consortium’s £10m legal panel, positioning them to work closely with local authorities associated with over 40 councils in the North West of England.
In a busy week for City hires, Pinsent Masons, BLP and Mayer Brown have made key appointments, as DWF, Irwin Mitchell and Burness Paull all added to their benches around the regions.
In the latest run of trainee retention rate releases, Pinsent Masons has recorded a ‘disappointing’ rate of 50% of its spring qualifiers, with just five of its 10-strong cohort accepting offers within the firm. Elsewhere, Norton Rose Fulbirght has kept on 96% of its 23-strong cohort as Ashurst retained 79%.
