Nabarro has increased turnover by 3.5% to £130.4m, joining other mid-market firms with muted results for 2015/16. Last year the firm posted an 8% revenue rise to £126m, its biggest rise in more than a decade.
The Brexit effect: Law Society urges government to delay plans to separate from SRA after EU vote
Due to the uncertainty and economic volatility stoked by last week’s shock Brexit vote, the Law Society has told MPs that plans to give the Solicitors Regulation Authority (SRA) and other regulators full independence should be shelved.
Financials 2015/16: Kennedys highlights Asia growth as firm posts solid turnover boost of 7%
Insurance specialist Kennedys has announced solid revenue growth of 7% for this financial year from £129.9m to £138.8m. In addition, the firm’s UK figure has topped £100m, with turnover at £102m from £99.6m.
Quinn, Stewarts and Signature demand costs from Mishcon clients in RBS litigation saga
The ongoing saga that is the £4bn shareholder group action against the Royal Bank of Scotland (RBS) continues to prove controversial, as it has emerged that litigation powerhouses Quinn Emanuel Urquhart & Sullivan, Stewarts Law and Signature Litigation are seeking millions worth of costs incurred from the claimants of Mishcon de Reya.
US focus: Columbia Threadneedle restructures legal division post-merger
Following its US merger, international asset manager Columbia Threadneedle has carried out a restructure of its UK legal team, scrapping the head of legal and head of compliance roles.
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Expansive White & Case opens second African office with Egypt launch
Rapidly expanding US firm White & Case is launching an office in Cairo, Egypt, as a wave of global law firm investment into Africa gathers pace. Continue reading “Expansive White & Case opens second African office with Egypt launch”
Barclays panel: DLA Piper loses out as banking giant finalises global roster
After much speculation, a raft of firms including Clifford Chance, Ashurst, Eversheds, Mayer Brown, Reed Smith, Simmons & Simmons, Hogan Lovells, Pinsent Masons, DWF and Bond Dickinson have won places on banking giant Barclays’ reduced legal roster, however DLA Piper has lost its spot following the global panel review.
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Guest post: The referendum now poses a serious threat to Parliamentary Sovereignty
Forget about the online petition. We do not have government by petition, particularly not when we don’t know how many of the online signatories are even British, or are duplicates, or computerised bots or in some other way bogus. No matter how many signatures the petition garners it will not result in a re-run of the referendum, and nor should it.
Financials 2015/16: Revenue reaches record high at pensions boutique Sacker & Partners
Turnover at UK boutique Sacker & Partners rose 13% to £26.8m last year as big corporates sought to restructure their pensions schemes.
Global London advances: Latham makes key finance hire with appointment of Ashurst finreg head
Latham & Watkins has bolstered its regulatory and disputes offering in the City with the hire of Ashurst’s head of financial services regulation Rob Moulton.
Baker & McKenzie doubles City promotions, making up six in 85-strong global round
Baker & McKenzie has promoted six in the City in this year’s 85-strong global round, with a focus on building its disputes, tax and M&A offering.
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European retreat: Ashurst pulls out of Rome days after Sweden exit
In its second European closure this month, Ashurst is shutting the doors to its Rome office after five years, with its remaining lawyers relocating to Milan following a review of its Italian offering.
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Financials 2015/16: Subdued market sees Watson Farley and RPC post single digit revenue growth
LB100 firms Watson Farley & Williams and RPC reported slower revenue growth for 2015/16 with Watson Farley growing revenues by 5% to £131.2m, while RPC’s turnover is up 6% to £100.5m.
Guest post from Herbert Smith Freehills – Brexit: After the vote
The ‘in-out’ referendum on the question of the UK’s membership of the European Union (EU) which has dominated the political and business agenda in the UK for the last six months, has resulted in a majority of voters (on a turnout of approximately 72%) preferring the UK to leave the EU.
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Brexit fallout: US firms feel the pressure in London but A&O and Freshfields commit to New York pay increases
With most US law firms experiencing something of a slowdown in the London market following the instability around the referendum on the UK’s membership of the EU, and subsequent Leave victory, questions remain around whether investment will keep coming or be held back to focus on other markets.
Freshfields and Skadden face off as Japanese telco wins $1.2bn arbitration award from Tata Group
In one of the biggest cases for the London Court of International Arbitration (LCIA) this year, Skadden, Arps, Slate, Meagher & Flom and Freshfields Bruckhaus Deringer have advised as Tokyo telco NTT Docomo pursued $1.2bn in damages from a Tata Group linked company for a breach of shareholder agreement.
Revolving doors: DWF makes Scottish insurance play as Skadden and EY make key hires
In this week’s appointments around up, law firms including Skadden, Arps, Slate, Meagher & Flom, DWF and accountancy giant EY have all key appointments.
Financials 2015/16: Maclays disappoints with double digit fall in PEP and low turnover growth
Maclay Murray & Spens, fresh from failed merger talks with Addleshaw Goddard, has had another disappointing year financially, with a 12% drop in profits per equity partner (PEP) from £283,000 to £248,000, while turnover is up 3% to £44.8m.
The profession reels as shock Brexit vote sends UK crashing out of EU… and into years of uncertainty
European integration was the bedrock for City law firms’ dramatic globalisation during the 1990s and 2000s but yesterday’s shock vote on the European Union referendum has sent shockwaves through the nation and the profession.
Boardman on Brexit: Not good news but the City’s edge won’t reverse in an instant
We’ll be bringing you reaction throughout the day, but this just in from Slaughter and May corporate heavyweight Nigel Boardman:
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