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Updated: RBS may write off £15m as Halliwells sell-off generates £7m
The Royal Bank of Scotland (RBS) is set to write off up to £15m in the wake of the break-up and sale of Halliwells, it has emerged. RBS, which was owed substantial sums in corporate debt and partner loans from Halliwells, recovered just over £7m ...
29 Jul 2010 | 00:48 | 9 comments
Adios, tough UK vac scheme market
Rob Thompson on how he sidestepped the tough UK vac scheme market by going abroad to gain legal work experience... Vacation schemes are in increasingly short supply - as evidenced the decisions earlier this month of Beachcroft and stricken Halliwells ...
23 Jul 2010 | 16:16 | 2 comments
The mothers who'd rather work
"I go to the office to get away from my children." Over lunch, a senior in-house lawyer blithely makes that confession to me. A mother of two who's married to a fund manager, she says she never seriously considered giving up her full-time job. "Are...
28 Jul 2010 | 15:05 | 4 comments
Oxbridge graduates make up 38% of all magic circle trainees
More than a third of magic circle trainees joining over the last two years have studied at either Oxford or Cambridge university, according to Legal Week research. Research into the educational background of trainees joining the UK's top 30 law fir...
24 Mar 2010 | 11:03 | 62 comments
Forty-five future Halliwells trainees see training contracts cancelled
Forty-five Halliwells trainees who were due to start their training contracts during the coming year have had their offers terminated in the wake of the firm's asset sale. The trainees spread across three intakes in August this year and January and...
22 Jul 2010 | 13:13 | 21 comments
Long-serving CC litigation partner quits to join Mallesons in Hong Kong
Clifford Chance (CC) litigation partner Denis Brock is leaving the firm after almost 25 years to join Australian leader Mallesons Stephen Jaques in Hong Kong. The new role will mark Brock's third spell in Hong Kong after he spent five years in the ...
27 Jul 2010 | 11:05 | 6 comments
CC funds chief Glover to set up City practice for Simpson Thacher
Simpson Thacher & Bartlett has hired high-profile Clifford Chance (CC) partner Jason Glover to launch a funds practice in the City. Glover, the head of CC's much-touted global private funds team, will join the US firm as a partner to establish a UK...
20 Jul 2010 | 08:23 | 13 comments
A good war for Freshfields and A&O – the big four in the recession
With Freshfields Bruckhaus Deringer's financial results today confirmed, some judgments can be made about how the UK's big four law firms have fared over the recession and the subsequent slump in commercial activity - a period roughly spanning 2008-09...
08 Jul 2010 | 11:41 | 24 comments
Firms divide up Halliwells assets and 38 staff are laid off as sell-off closes
Halliwells has completed the break-up and sale of its remaining business, after deals with a number of firms were yesterday (20 July) approved by the court. Hill Dickinson has bought the firm's 19-partner Liverpool office and the remains of its She...
21 Jul 2010 | 11:19 | 14 comments
HBJ Gateley seals deal for Halliwells Manchester commercial practice
HBJ Gateley Wareing's partnership has approved the firm's purchase of Halliwells' Manchester commercial practice. The acquisition was confirmed by a partnership vote held last Friday (16 July). The Halliwells commercial practice covers employmen...
19 Jul 2010 | 16:20 | 5 comments
Barlows partnership backs deal to acquire Halliwells insurance team
Barlow Lyde & Gilbert's partners have backed the proposed deal to acquire Halliwells' insurance team. Barlows partners today (16 July) approved the proposal, which is set to see the firm take on Halliwells' Manchester-based insurance practice, whic...
16 Jul 2010 | 11:41 | 6 comments
Freshfields to offer job sharing and home working in new flexi scheme
Corporate associates at Freshfields Bruckhaus Deringer will be able to work from home or job-share if the firm chooses to adopt an alternative working scheme set to be rolled out this autumn. The magic circle firm is set to trial a new scheme which...
15 Jul 2010 | 00:00 | 4 comments
Shoosmiths posts 70% PEP hike against further fall in revenues
Shoosmiths has posted a strong upturn in profits per equity partner (PEP) for 2009-10 after seeing PEP fall by more than 50% last year. Partner profits at the UK top 30 firm increased by 69.5% this year, rising from £151,000 to a new mark of £256...
14 Jul 2010 | 12:35 | 7 comments
Halliwells executive chairman lands new role at Manchester firm
Halliwells executive chairman Ian Austin is set to join Heatons as the Manchester firm's new head of commercial litigation. Austin (pictured), who will take up his new post at Heatons this week, has held various senior roles at Halliwells, includin...
12 Jul 2010 | 14:21 | 13 comments
A&O hikes associate bonuses and hands out extra holiday
Allen & Overy (A&O) has awarded all associates and staff an extra holiday day while also announcing this year's associate bonus levels.
09 Jul 2010 | 11:21 | 7 comments
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