Milbank lawyers are set to pick up bonuses ranging from $6,000 for the most junior associates to $25,000 at the highest level. But what does that tell us about the market? Firstly, it reveals just how confident US firms are Firms don’t give out bonuses in times of woe, so Milbank’s decision to dole out […]
Sign up for the fortnightly Curve email here. Using an avatar to bill; and BNP Paribas’ blue-sky bot There is a lot of chatter about the things AI could take away: jobs, creativity, lawyers. What the future of lawyers is going to look like remains a grey area, with firms unsure how to move forward […]
After some concern in 2023 that legal tech was further down the ‘not’ scale than the ‘hot’, things seem to be warming up again as legal tech investment press releases fly in. Missed them? Not to worry, we will catch you up. In short, eyes are on the legal tech industry, and there is a […]
Cooley has appointed co-managing partners to lead the London office in the wake of former managing partner Justin Stock’s recent departure. The newly appointed heads are Claire Keast-Butler, who leads the firm’s capital markets practice in London and James Maton, who leads the firm’s UK disputes practice. he appointments come after Stock exited to Akin […]
Market research company Kantar has hired its next general counsel from Vodafone. Rebecca Symondson makes the move from the telecommunications giant, where she had been the group legal director for corporate and commercial for over five years. Prior to that, she worked her way up to group general counsel at travel agency Thomas Cook over […]
Taylor Wessing’s revenue reached £480.7m (€562m) in the last financial year, as it aims for €1bn globally by 2028. The rise of nearly 10 per cent in sterling is a significant increase on its 2022/23 results in which global turnover crept up by 4 per cent to £439m. Its UK offices contributed over half of […]
The much-vaunted deal between Japanese conglomerate Softbank and British-based AI-chip innovator Graphcore comes at a pivotal time for the tech sector. The deal, understood to be valued at more than $500m, closed last week, shortly after the installation of a new Labour Government and when no definitive answer exists as to what AI regulation might […]
Clients are yet to see AI benefits from law firms, a report from Deloitte Legal has revealed. A new survey undertaken by Deloitte Legal has shone a light on the client sentiment behind the legal AI buzz. It stated that clients have yet to see any significant change or benefit in their law firms’ use […]
Gibson Dunn & Crutcher has hired a new partner from Goodwin to expand its privacy and cybersecurity team in London. Lore Leitner joins as a partner in the privacy, cybersecurity and data innovation practice, moving from Goodwin where she has been a partner for over two years. Her career has seen her gain experience at […]
Bird & Bird and Holman Fenwick Willan are the latest firms to announce pay increases for their newly-qualified solicitors, with the latter rising to £100,000. HFW has increased its pay from £95,000 to £100,000, while Bird & Bird has put in place a slightly lower rise of £3,000 to £98,000. Bird & Bird’s increase comes […]
Linklaters is deploying Copilot for Microsoft 365, The Lawyer can reveal, with a deal value of $1.8m (£1.42m) The latest version of the product will be made available to 6,900 employees. The Lawyer understands the size of the deal is worth $1.8m, which means the cost per employee is nearly $261 (£206). Linklaters has trialled the […]
Virtual reality is coming to a law firm near you