Speechly Bircham has posted flat financials for the 2012/13 year following failed merger talks with Withers and a spate of partner exits. The City-headquartered firm saw a slight drop in revenue to £57.5m from £57.6m in 2011/12, while profits per equity partner decreased from £299,000 to £293,000.
Nicholas Medcroft has joined Wilberforce Chambers from Outer Temple Chambers in a week that has also seen Erskine Chambers welcome a three-barrister asset recovery team and leading sets 4 New Square and Essex Court Chambers take on a new head. Medcroft is said by Legal 500 to be ‘the first person to turn to when …
Travers Smith has become the latest City firm to overhaul its lockstep for senior associates in a bid to incentivise and reward lawyers for their hard work and interruptions to family life as they approach partnership. Led by managing partner Andrew Lilley and pensions partner Paul Stannard, a 10-month review has concluded that Travers should continue …
A report touted as the most comprehensive review of legal education in the UK since the Omrod report of 1971 has finally been published today (25 June), three years after it was first announced. The Legal Education and Training Review (LETR), which was undertaken on behalf of the Bar Standards Board (BSB), ILEX Professional Standards …
Continue reading “Three years in the making: Legal education and training review unveiled”
Dentons’ partnership has voted in favour of shutting its Kuwait office following a review, bringing to an end a turbulent chapter in the region. The firm, which has had an office in Kuwait since 2008, only in January entered into a new association with local lawyer Jamal Ahmed Al-Shehab, replacing its association with International Legal …
Nabarro has defended its decision to freeze the salaries of its trainees, newly-qualified (NQ) lawyers and those with one to two years post-qualification experience (PQE), promising that those who shine at any level will receive a 5% increase on their salary and benefit from the firm’s generous bonus scheme.
Social networking giant Facebook and global drinks brand Diageo both this week announced appointments to fill their top legal positions. Facebook confirmed yesterday (20 June) that it has appointed Colin Stretch to succeed company general counsel (GC) Ted Ullyot as vice president and general counsel from 5 July, following Ullyot’s announcement in May that he would …
Continue reading “In-house: Facebook and Diageo fill top GC roles”
‘It’s an extraordinary thing – hundreds of lawyers should have entered into Damages-Based Agreements (DBAs) by now.’ So says Leslie Perrin, former managing partner and senior partner of Osborne Clarke who is now chairman of litigation funding group Calnius Capital, with around £40m of capital to invest in litigation. Instead, DBAs, which came into force …
Mills & Reeve and CMS Cameron McKenna boosted their offerings at opposite ends of the insurance spectrum this week, taking staff from the Birmingham office of DLA Piper and the City office of RPC respectively. Top 50 UK firm Mills & Reeve acquired a nine-strong defendant insurance practice from DLA, marking the conclusion of DLA’s withdrawal …
Taylor Wessing is to make 26 of its City secretaries redundant with all 96 secretaries in London put on notice pending a consultation. As first revealed by RollOnFriday, the firm has not yet entered a formal consultation but expects the process to last for at least 30 days.
