Taylor Wessing has released its financials for 2014/15 with UK revenues increasing by 8.2% to £121m from £112m last year and stated plans to make ‘significant further investments’ particularly in its international network.
In a sign of the travails facing law firms doing business in ‘unusual jurisdictions’, Enyo Law has established an in-house business intelligence unit to help conduct due diligence and build business while it has also bolstered its ranks after partner Annabel Thomas exited for Mishcon de Reya earlier this week, hiring Eversheds partner Jonathan Brook.
For many ambitious law firms the holy grail of partner recruitment is the team hire. Legal Business asks if hiring en masse is all it’s cracked up to be. A little over a decade ago structured finance partner Jonathan Walsh had reached the moment of truth after months of discussions. Walsh told his firm, Norton …
Continue reading “The prize – is team recruitment all it’s cracked up to be?”
City giant’s remuneration review comes after recent key departures In a move considered overdue by some, Clifford Chance (CC) voted through proposed changes to its remuneration system in late April, creating a more flexible lockstep by stretching the top of the ladder in a bid to retain star partners. The firm traditionally operated a lockstep …
Continue reading “Clifford Chance votes through changes to lockstep in bid to retain heavyweights”
Sarah Downey assesses Gateley’s audacious plans to become the UK’s first listed law firm Following in the footsteps of Australia-listed Slater and Gordon, which demonstrated the benefits of using a share offer to part fund its recent £637m acquisition of Quindell’s professional services division, West Midlands firm Gateley confirmed in May it intends to float …
The yearly contest to attract new talent has started with Magic Circle duo Slaughter and May and Linklaters both making salary hikes of over 5% for junior lawyers, while Hogan Lovells kept pace by bumping its junior pay up to match Slaughters’ £70,000 newly-qualifieds’ (NQs) salary. Although Linklaters reported its NQs received a £3,500 pay …
Continue reading “Slaughters starts salary race with £70k for NQs”
In a bid to enhance its real estate offering in Central Europe, Greenberg Traurig last month recruited 12 lawyers to its Warsaw office from Allen & Overy (A&O) and Norton Rose Fulbright (NRF). Joining Greenberg is A&O’s Warsaw real estate head Radomił Charzyński and NRF’s Warsaw real estate head Agnieszka Stankiewicz. Charzyński brings with him …
I’ve always been interested in two things. One is people and that is a key part of the business. I’ve always liked the business of law and I wanted a role in the direction of the firm because I am home-grown. I’ve been here a long time – it means a lot to have some …
Continue reading “Life During Law: Niri Shanmuganathan, Taylor Wessing”
Proskauer Rose has continued to build its London corporate offering, bringing in M&A partner James Howe from Kirkland & Ellis, while Hogan Lovells has strengthened its debt capital markets (DCM) team in the City with the hire of high-yield partner Sylvain Dhennin from Dentons.
Documents filed at the London Stock Exchange today (29 May) reveal West Midlands firm Gateley is aiming for a £100m valuation and has investors lined up as it plans to be the first UK law firm to carry out an initial public offering (IPO).
