Rachel is deputy editor (City) of The Lawyer and primarily covers corporate and the City
After lengthy proposals set out by Linklaters’ management team, partners have voted to end the firm’s longstanding system of cessation payments. The Lawyer revealed at the start of the year that Linklaters had been taking soundings on several proposals that aimed to trim payouts to departing members and reduce the overall cost to the firm. The […]
There are two very large US firms out there with the name Paul in their title – and both have their own London expansion story to tell. While Paul Weiss has really revved up its efforts over the past year, Paul Hastings has taken a moment to reflect on what it has achieved. Over 2023, […]
Four lawyers, who shifted from tech-focused Kemp Little to Deloitte Legal following the acquisition four years ago, have now reunited at Simmons & Simmons. Andrew Joint joined Simmons yesterday from Deloitte Legal, having previously been Kemp Little’s managing partner from 2017 until its acquisition. He joins fellow partner Calum Murray, who made the same move […]
It used to be that US firms wanted big new flashy private equity hires to promote their London brand, but for now the power players are in finance.
Taylor Wessing’s UK managing partner Shane Gleghorn has been re-elected for a third term, meaning he will remain at the helm of the firm until 2027. Gleghorn is understood to have run unopposed in the election process, with his third term starting in October. He first took up the post of UK managing partner in […]
Having lost the money race to their US counterparts, traditional UK firms are clinging on to the fact that they can offer something else: longevity. More specifically, that’s lawyer longevity and the ability for people to spend a large proportion of their career at the firm at which they trained. There are countless partners at […]
Linklaters is rolling out mandatory training on generative AI (genAI) for staff worldwide in a bid to encourage usage, better support clients and save employee time. The initiative is one of many spearheaded by Linklaters’ head of client tech and AI Shilpa Bhandarkar, who was promoted to partner just last month. The training was created […]
Latham & Watkins is set to lose two teams in Germany, hitting the firm’s restructuring and equity capital markets capabilities in Hamburg and Frankfurt. The Lawyer understands that a two-partner restructuring team will leave to join Willkie, while a separate two-partner team is joining White & Case strengthening the latter’s equity capital markets practice. White & […]
Travers Smith is spinning out its artificial intelligence (AI) division into a separate entity, enabling products to be sold to external companies. Known as Jylo, it will operate independently from the firm, led by Travers’ director of legal technology Shawn Curran as its CEO. Curran is moving his team into new digs in Shoreditch. At […]
SRA files new claim over Axiom Ince collapse The Solicitors Regulation Authority (SRA) has filed a new matter with the courts. Listed on the public filing system against the former boss of collapsed firm Axiom Ince, Pragnesh Modhwadia, the suit is listed as a Part 8 miscellaneous matter, which usually seeks the court’s decision on […]
A team from Cahill Gordon & Reindel’s finance practice are set to move firms to Latham & Watkins. It is understood that Jonathan Brownson, Joydeep Choudhuri and Prue Criddle are switching across, having joined Cahill during a significant period of growth for the firm. Brownson moved with Jake Keaveny in a much touted move from […]
Linklaters has increased its newly-qualified lawyer salary by £25,000, a fortnight after Freshfields Bruckhaus Deringer did the same. The firm has increased its NQ pay from £125,000 to £150,000. Alongside this, trainee salaries have risen by £6,000 across both years to £56,000 and £61,000. Solicitor apprentice pay is now £28,000, growing from £25,000. The firm […]