Signature Litigation grows revenues 70% to £8m and unveils team profit-sharing model

High-flying disputes boutique Signature Litigation has seen its revenue surge by 70% from £4.82 to £8.17m in 2013/14, despite having only launched two years ago, while profit margins are estimated at 50%. The firm has also taken an innovative approach by operating an all-inclusive, fully transparent, profit-sharing model. Founded by former Hogan Lovells partners Graham …

Linklaters wins best firm in show from annual in-house survey

In what signals a marked return to favour for the City’s elite players, Magic Circle firm Linklaters has led the field in Legal Business‘ third annual in-house survey as best overall adviser in 2014, pushing Eversheds, which emerged as the clear overall favourite in 2013, into second place. Our 2014 survey, which drew responses from …

A&O, Clifford Chance, Links and CMS lead on Phones4u administration

Allen & Overy (A&O), Clifford Chance (CC), Linklaters and CMS Cameron McKenna landed the key roles when high street retailer Phones4u entered administration last month. With PwC acting as administrator, the company went into administration on 15 September after the withdrawal of EE, O2 and Vodafone products from its stores, placing nearly 5,596 jobs and …

Edwards Wildman and Locke Lord set to combine

Fellow US firm Cooley plans London office takeover Dallas-bred Locke Lord and Boston’s Edwards Wildman Palmer became the latest US duo to announce plans to merge last month, as consolidation continues in the US national market. The news emerges as California firm Cooley prepares to launch in London, potentially taking on a major proportion of …

The In-House Survey: managing counsel – Getting with the programme

For years clients have decried advisers’ poor attitude to flexibility and value. Our third in-house lawyer survey shows the message is getting through at last. Deborah Prince, head of legal and company secretary at the British Heart Foundation, who is forthright in her views on questionable behaviour by external advisers, recalls a recent incident with …