BT kicks off panel review following Brexit delay
BT has kicked off a formal panel review for its UK legal advisers after a five month delay and will create a separate international panel for the first time later this year.
Financials 2015/16: Disputes specialist Stewarts a standout performer with double digit revenue and PEP growth
Litigation powerhouse Stewarts Law has posted a second consecutive year of double digit revenue growth for the 2015/16 financial year, with revenue increasing 18.5% to £62.1m while profit per equity partner rose by 25% to £1.6m.
Bowing to pressure: DAC Beachcroft amends contract terms with preferred barristers
After pressure from lobby groups at the commercial Bar, DAC Beachcroft has amended its contractual arrangements with its preferred sets of chambers to reinstate a key contract clause that gives barristers insurance cover.
Chief adviser: Eversheds wins Specsavers preferred supplier tender
Following an extensive tender process, Eversheds has been appointed as preferred supplier for Specsavers across multiple practice areas.
Bar consolidation continues as St Philips acquires ailing Stone Chambers
Mid-tier sets are continuing to feel the pressure of a squeezed legal market at the commercial Bar as it has emerged that Stone Chambers is to be acquired by national set St Philips Chambers.
After five years of growth Macfarlanes revenue stalls and PEP falls 17%
Following one of its most successful years, Macfarlanes has seen revenue remain static at £161m for 2015/16, up less than 1% from £159.6m.
‘Simpler and better’: CMA calls for more competition but stops short of recommending full legal services review
An interim report into the legal services market released by the Competition and Markets Authority (CMA) has found that competition in legal services for individual and small business consumers is not working as well as it should, while upfront information on price and quality is often not available to consumers. However the investigation has stopped …
Clifford Chance recruits new CFO as Purse retires after 11 years
Clifford Chance has hired Patrick Glydon, the global director of commercial initiatives from advertising agency Dentsu Aegis Network (DAN), to succeed its current chief financial officer Stephen Purse, who is set to retire.
‘The time is right’: ENRC drops Debevoise for Quinn Emanuel on SFO probe
Mining giant Eurasian National Resources Corp (ENRC) has ceased its working relationship with Debevoise & Plimpton in favour of Quinn Emanuel Urquhart & Sullivan in a major criminal investigation taken by the Serious Fraud Office (SFO).
In-house: RBS latest to shake up internal function with summer review of legal team structure
The Royal Bank of Scotland (RBS) has kicked off a review of its 400-strong legal team to control costs and drive efficiencies, a move that could potentially lead to staff redundancies.