Mishcon sees double digit revenue growth as UK turnover hits £110m
City firm Mishcon de Reya has enjoyed another year of robust UK revenue growth and recorded a rise of 13% to £110m from £97.8m, meeting its 2016 target a year ahead of schedule.
Withers re-elects ‘absolutely instrumental’ managing director Robertson for another three-year term
Private client-focused Withers has re-appointed its longstanding managing director Margaret Robertson (pictured) for another three-year term following an uncontested election last week.
A ‘one nation’ justice policy: Gove sets out agenda for justice system overhaul
Justice Secretary Michael Gove (pictured) has today (23 June) outlined his reform agenda for civil justice to tackle the ‘creaking, outdated’ current system by increasing the use of online tools, looking at whether formal hearings are always required and making cost savings through the court estate before further legal aid cuts.
Dealwatch: Ashurst and BLP gifted roles on Nutella-maker Ferrero’s takeover bid for Thorntons
LB100 firms Ashurst and Berwin Leighton Paisner (BLP) have both landed leading roles advising on the recent £112m takeover bid by Italy’s Ferrero International for British confectioner Thorntons, after the latter suffered falling profits and the resignation of its chief executive.
Stewarts Law posts 14% revenue growth while Watson Farley hits £125m in turnover as trend of solid LB100 performances continues
Stewarts Law has recorded double digit revenue growth of 14% to £53m for the 2014/15 financial year while Watson Farley & Williams announced it had consolidated the strong financial performance it achieved last year with a 7% increase in revenue from £117m to £125m.
Olswang’s entire Berlin office in talks with Freshfields and MoFo alongside other international firms
Following news yesterday (18 June) that 13 equity partners are exiting Olswang’s Berlin outpost, it has emerged that the entire 50-strong lawyer office is set to move en masse and is currently in talks with several international firms, including Morrison & Foerster and Freshfields Bruckhaus Deringer.
C-suite hires: Reed Smith brings in BLP’s leading KM director Dillon and new CIO
US firm Reed Smith has hired Berwin Leighton Paisner’s (BLP’s) chief knowledge director Lucy Dillon, a hire indicative of knowledge management increasingly becoming an integral part of a law firm’s arsenal.
Revitalised Nabarro posts 8% revenue growth, a 21% PEP leap and sets out new strategy
After flat turnover growth in recent years, Nabarro has recorded £126m in revenue for the 2014/15 financial year, an 8% rise on last year and its largest annual increase since 2008, alongside a 21% jump in profit per equity partner (PEP) to £576,000, constituting a double digit increase for a third consecutive year.
13 partners to go in Germany as Olswang announces ‘decoupling’ of Berlin arm
Olswang has announced that 13 German equity partners, specialising mainly in corporate and finance, will be leaving the firm later this year as it plans to hive off its Berlin office, leaving just a base in Munich.
A&O mulls changes to junior lawyer pay structure as it looks to keep pace in associate salary race
This second quarter has seen Allen & Overy (A&O) launch a comprehensive review with external consultants drafted in to look at both its pay structure for junior lawyers and to compare the firm’s levels of pay against market rates.