Mayer Brown’s former head of London private equity, who left the US firm earlier this year, is set to join Bryan Cave Leighton Paisner. Perry Yam is moving to BCLP after eight years at Mayer Brown, where he was head of private equity in London and co-leader of the global corporate practice. Prior to his […]
Addleshaw Goddard boosted its top line by 12 per cent last year, while CMS saw a 5 per cent increase. Revenue at Addleshaws increased from £443m to £495.6m over the 2023/24, following a financial year full of global office launches and the appointment of the firm’s first non-UK managing partner. Total profit also rose by […]
Milbank has announced that associates around the world are soon to receive summer bonuses of up to $25,000. To be paid by the end of September 2024, associates can expect a sum between $6,000 and $25,000, as first reported in Above the Law. Associates with six years of experience or more, as well as special […]
Five leveraged finance partners from Latham & Watkins in London have exited the firm for Sidley Austin, following a finance team move to Milbank reported earlier this morning. Partners Jayanthi Sadanandan and Sam Hamilton are leading the team move after having spent nearly 15 years at Latham, as first reported in Financial News. The pair […]
A finance team from Latham & Watkins’ London office is exiting the firm to join Milbank’s alternative investments practice. Partner Alex Martin makes the move just three years after joining Latham, prior to which he had been a partner at Weil Gotshal & Manges between 2012 and 2021. He started his career at legacy Allen […]
Shoosmiths is the latest firm lining up a pay increase for its newly-qualified (NQ) solicitors, as new rates for London, regional England, Scotland and Belfast are due to take effect in November this year. City salaries will go up by 8 per cent from £90,000 to £97,000 while the regions will see a 5 per […]
Hogan Lovells and Pinsent Masons have scored roles on a deal that will see NatWest purchase nearly £2.5bn worth of Metro Bank’s residential mortgage portfolio. The two firms are the latest to get involved in recent transactional efforts made by Metro Bank to bolster its finances and manage potential risks to its clients and shareholders. […]
For elite firms with ties to big banks, the first half of 2024 has been fruitful for corporate transactions. Sainsbury’s banking business was sold to NatWest Group last month, with Linklaters and A&O Shearman advising, while Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings led on Co-operative Bank’s sale to Coventry Building Society in an […]
Kirkland & Ellis is introducing three key changes for departing partners, with amendments to notice period rules and the payout of distributions. From this month, the firm brought in a new measure to its partnership agreement, which will allow the firm to hold onto an exiting member’s potential distributions. The payout of a partner’s distributions […]
Baker McKenzie is the latest firm to increase its London newly-qualified (NQ) solicitor pay, with the new rate jumping 18.6 per cent from £118,000 to £140,000. The new NQ rate took effect on 1 July and will also be soon followed by an increase to Bakers’ trainee pay. From 1 September this year the firm […]
Clyde & Co has seen its global topline grow by 10 per cent over 2023/24, rising from the previous year’s £788.6m to £845m. In its second full financial year since its £11m acquisition of BLM, the firm’s profit has also increased by 3 per cent to £174.4m. The UK now accounts for 47 per cent […]
Shoosmiths has capped off the 2023/24 financial year with a 6 per cent rise in revenue to £206.7m, taking the firm’s topline past £200m for the first time. Profits and average profit per equity partner were also recorded to have gone up at the firm, the former climbing by 5 per cent to £66m and […]