Cooley takes Taylor Wessing, Goodwin and White & Case partners in London rebuild

Cooley takes Taylor Wessing, Goodwin and White & Case partners in London rebuild

Cooley has moved to bolster its London ranks following a number of recent senior departures with the hire of a trio of partners from Taylor Wessing, Goodwin and White & Case.

The US firm has recruited Angus Miln, Ali Ramadan and Helen Pantelides, all of who will join the emerging companies and venture capital (ECVC) practice in London. The hires come just weeks after Cooley’s London managing partner Justin Stock and two other transactional partners left to join Akin’s London office.

Miln, a Legal 500 Hall of Famer for venture capital, joins Cooley after almost eight years at Taylor Wessing, where he led the VC practice. He also previously worked at Bird & Bird, where he made partner in 2008, as well as Latham & Watkins and Simmons & Simmons.

Pantelides, who made partner at White & Case last year, previously worked alongside Miln at Taylor Wessing before leaving to join the US firm in 2019.

The duo will be joined at Cooley by Legal 500 leading individual Ramadan, also an ex-Bird & Bird partner, who has spent the past five years at Goodwin after a brief stint at Orrick. All three focus on venture capital and high-growth companies , handling the life-cycle of corporate and financing matters for tech and life sciences clients.

London chief Stock, one of the founding partners of Cooley’s London office, quit the firm this summer, moving to US rival Akin with corporate head Stephen Rosen and fellow tech transactions partner David Bresnick.

The city base is now led by capital markets head Claire Keast-Butler and disputes head James Maton.

In a statement, Keast-Butler said: “Angus, Ali and Helen are among London’s most outstanding and well-regarded advisers to emerging companies and the venture capital industry. We are excited about the huge opportunity our expanded ECVC practice in London will bring as we continue to execute on our ambitious growth strategy.”

Keast-Butler has been at the firm since joining from Latham in 2019, while Maton is one of the remaining founding partners of Cooley’s London base, which opened in 2015.

The West Coast leader made a splashy launch in the City that year, taking partners from Morrison & Foerster and legacy Edwards Wildman Palmer to create a 55-lawyer UK practice.

Of the 20 partners who opened that office, just five now remain – Maton, Chris Coulter (tech transactions), Ann Bevitt (employment and privacy), Ryan Naftulin (corporate) and Laurence Harris (disputes).

According to its website, Cooley now has 30 partners in London and around 65 associates and counsel.

The firm recently appointed a new CEO to replace the long-serving Joe Conroy, who had held the position since 2008. Rachel Profitt stepped into the new role this January, with Conroy staying on as chairman.

‘It’s not always about winning and losing, it’s about preserving relationships’ – the Commercial Litigation Summit 2024

‘It’s not always about winning and losing, it’s about preserving relationships’ – the Commercial Litigation Summit 2024

The Legal Business Commercial Litigation Summit 2024 saw barristers, solicitors, in-house counsel and other professionals in the disputes sector come together to discuss the key issues in today’s commercial litigation market – and how to stay ahead of the game.

The event, which was held at the Queen Elizabeth II Conference Centre in Westminster, got underway with a panel entitled ‘When litigation is stranger than fiction (and even your partner tolerates you reading out the best bits from the daily transcript)’, led by One Essex Court’s Neil Kitchener KC, who was joined by CMS partner Vanessa Whitman and fellow One Essex Court barristers Sandy Phipps and James Fox.

Slaughter and May matches magic circle peers with NQ pay hike to £150k

Slaughter and May matches magic circle peers with NQ pay hike to £150k

Slaughter and May has raised pay for newly-qualified (NQ) lawyers to £150,000, bringing the firm to parity with its Magic Circle peers.

The firm was slated to review its pay rates in November, but has brought the review forward, with the new rate effective from 1 September.

The increase means that Slaughters no longer trails Herbert Smith Freehills and Hogan Lovells, which both announced raises to £135,000 for their NQs in June.

Burges Salmon hails record financial results as revenue and profits soar

Burges Salmon hails record financial results as revenue and profits soar

Burges Salmon has reported record financial results, with a 27% increase in revenue to £163m, up from last year’s £128.2m.

Profit per equity partner (PEP) surged by 42%, rising from £466,000 to £661,000, marking a significant turnaround from last year’s nearly 10% dip. Meanwhile, net profit climbed 46%, from £34.6m to £50.5m.

‘These results demonstrate the collective strength and dedication of all of our people, during a year that has seen the value of our strategic investments come to fruition’, managing partner Roger Bull said in a statement.

He added: ‘We’ve seen positive growth across the entire firm, stemming from a deep focus on our markets, our people, and, importantly, our clients. Our commitment to understanding and meeting our clients’ needs has been a driving force behind this success.’

The firm credited its performance to its sector specialisms and key practice areas. Its core sector groups – built environment, energy and utilities, financial services, infrastructure, private wealth, public sector, and transport – achieved an average revenue growth of 32%. Leading the charge were the built environment and energy & utilities sectors, which reported impressive growth rates of 40% and 38%, respectively.

A notable highlight of the year was Burges Salmon’s celebration of the five-year anniversary of its Edinburgh office launch in May. Since its opening in 2019, the Edinburgh office has nearly tripled its partner count, growing from three to eight, as part of an 80-strong team. The firm further enhanced its dispute resolution capabilities in the Scottish capital with the hire of Magnus Miller from Davidson Chalmers Stewart in June, marking the first partner in its dispute resolution team in Scotland.

‘Our chosen markets have not only shown resilience but thrived,’ said Bull. ‘We have benefited from these positive market conditions thanks to our targeted approach and sustained investment over the years. Scotland, in particular, stands out as a testament to our growth strategy, where we’re proud to have celebrated our five-year anniversary in Edinburgh with significant organic expansion and the attraction of exceptional talent.’

The firm has also sustained its growth momentum through strategic lateral hires and organic expansion. Since the launch of its 2021-26 strategy, Burges Salmon has appointed 31 new partners and increased its overall headcount by 30%. Among this year’s key appointments is Steven Hull, who joined from Eversheds Sutherland as a partner in the pensions and lifetime savings team. Additionally, the firm made 19 promotions in May, including five new partners: Chris Brown (pensions), Ros Harris (real estate), Tim Williams (tax), Caroline Brown (dispute resolution), and Lydia Cullimore (projects).

Looking forward, Bull concluded: ‘We are excited to build on this momentum and continue to progress the firm’s ambitious strategy for growth.’

anna.huntley@legalease.co.uk 

From powerlifting to DJing: the City partners finding that elusive work/life balance

From powerlifting to DJing: the City partners finding that elusive work/life balance

The challenge with law, especially in big firms, is that it can be all-consuming, taking everything you have. As an individual, you must maintain some level of control and ensure there’s enough left for yourself.’ 

As Herbert Smith Freehills global energy co-head Lewis McDonald sums up, being a successful lawyer is a demanding business. But now, perhaps more than ever before, there is a growing recognition of the need to avoid over-work and burnout.

Despite the obvious challenges of achieving that goal, more and more lawyers are shunning the workaholic clichés of old and openly acknowledging the importance of carving out personal time to maintain some semblance of balance in the world of Big Law. 

‘There is total support for getting this done’ – funders and litigators react to King’s Speech litigation funding snub

‘There is total support for getting this done’ – funders and litigators react to King’s Speech litigation funding snub

The King’s Speech this July included an ambitious total of 40 bills – but there was no mention of the litigation funding bill that the last government introduced in March.

Now, the government has confirmed that it will not legislate to overturn the effects of the Supreme Court’s July 2023 PACCAR decision, which prohibited litigation funding agreements (LFAs) that allowed funders to recover a percentage of damages, until summer 2025 at the earliest.

Legal Business caught up with those who know the market to explore what this means for the sector.