Rachel is deputy editor (City) of The Lawyer and primarily covers corporate and the City
Macfarlanes has increased its pay for newly-qualified solicitors by £25,000, as UK firms respond to rates set by the magic circle last month. The City firm has upped pay for NQs from £115,000 to £140,000, a rise of nearly 22 per cent. This heaps pressure on firms that include Slaughter and May on £125,000 and […]
Paul Hastings is boosting its finance stocks with a new partner hire from Weil Gotshal & Manges. Reena Gogna is moving to Paul Hastings after a decade at Weil Gotshal. Prior to Weil, she worked at Latham & Watkins for 11 years, with this move therefore reuniting her with fellow finance partners Ross Anderson and […]
Ashurst is rolling out the generative AI tool Harvey to all staff, following a successful global trial. The firm’s announcement means that employees worldwide will be able to use Harvey on aspects of work that includes document review, due diligence, drafting and market research. This applies to all lawyers and business services employees in a […]
If everyone puts their feet up for the rest of the year, Paul Weiss will feature above Covington, Morgan Lewis and Cleary Gottlieb in The Lawyer’s next iteration of its US 50 rankings based on headcount. That’s based on Paul Weiss’ current list of London lawyers, which numbers 117 when including some partners who are […]
As part of a long-term plan for the City, Milbank is taking additional floor space in its office to make room for growth. The firm is adding an extra 15,000 sq ft in its 100 Liverpool Street home. This means that over the course of the next 10 years, the firm will be able to […]
A&O Shearman’s private capital sector co-lead — and also the former co-head of the magic circle firm’s banking group — is lining up a move to Proskauer Rose. The Lawyer understands that Philip Bowden is moving over to Proskauer after 25 years at legacy Allen & Overy (A&O). During that time he was promoted to […]
An infrastructure partner from Linklaters is set to return to Latham & Watkins after just over a year at the magic circle firm. John Guccione is moving back to the US firm. He advises on a range of corporate and financing matters, with a particular focus on transactions involving regulated utilities, energy, and transportation assets. […]
Firms including Paul Weiss Rifkind Wharton & Garrison and Addleshaw Goddard triumphed at last night’s The Lawyer Awards, while Monckton Chambers and Jason Beer KC also took home trophies. Held at London’s Grosvenor House, Paul Weiss won the International firm of the year trophy after a transformational year globally. In London, the firm has expanded at […]
The longstanding chair of Akin, Kim Koopersmith, is standing down and will be replaced next year by a new transatlantic team featuring senior partners in New York and London. Koopersmith has led Akin as chair since 2013. During that time, Akin’s revenue has grown by 77 per cent to $1.37bn in 2023 while average profit […]
Macfarlanes has restocked its corporate crime and investigations team with a hire from Herbert Smith Freehills. Brian Spiro will join the UK firm as a senior adviser. He has been a partner at HSF for nearly seven years, spending the majority of his career at BCL Solicitors and Simons Muirhead & Burton. He trained at […]
Will you make partner quicker at the firm at which you trained? If you’re at Travers Smith at least, the answer is yes. Data collected by The Lawyer on the firm’s last 10 promotions rounds shows that Travers-trained lawyers made partner over a year earlier on average than those who moved from other firms. Of the […]
Travers Smith, which last year lost a number of members in its funds group, has hired a new partner from Blackstone’s in-house legal team. Joel Grossmark joins Travers’ funds practice to add to its retailisation expertise. Grossmark previously worked at Blackstone Credit and Insurance, where he led its legal function for over five years. He […]