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LAW FIRMS
Law firms missing out on SME work over cost concerns, LSB study finds
More than half of small businesses are handling their own legal matters amid widespread concerns about the value for money offered by law firms, according to a major Legal Services Board (LSB) research project. The report, compiled in partnership w...
22 May 2013 | 00:04
Training contracts fall 10% to lowest level since 1999, Law Society reports
The number of training contracts offered at law firms in England and Wales fell 10% in 2011-12 to the lowest level since 1999, according to new research by the Law Society. The society's annual report shows that the number of training contracts reg...
21 May 2013 | 16:59
Browne Jacobson grows revenues 9% to new high as firm targets £50m mark
National firm Browne Jacobson has posted a record high turnover for 2012-13, with revenues rising to £45m, up 9% on last year's total of £41.3m. The firm, which opened two new bases in 2012 in Manchester and Exeter, now has five offices and saw t...
21 May 2013 | 14:22
CC and Latham advise on Singapore's second biggest IPO this year
Clifford Chance (CC) and Allen & Gledhill (A&G) have acted opposite Latham & Watkins and Wong Partnership on the Singapore listing of Asian Pay Television Trust (APTT), the Asian city state's second biggest IPO so far this year.
21 May 2013 | 05:24
Simpson Thacher takes high-profile Yahoo! role on $1.1bn Tumblr buyout
Simpson Thacher & Bartlett and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian have taken lead roles on the $1.1bn (£723m) acquisition of blogging website Tumblr by Yahoo!. Yahoo! confirmed the deal in a statement today (20 May), includin...
20 May 2013 | 17:20
Bird & Bird secures new expanded City HQ; Nabarro and Simmons advise
Bird & Bird has sealed a pre-let deal with Great Portland Estates (GPE) to move into new City premises at 12-14 New Fetter Lane from 2016. The firm has agreed a deal to lease all of the 12-storey office development, which covers a total of 142,500 ...
20 May 2013 | 15:11
Kennedys, Farrers sign outsourcing deals as firms keep close eye on costs
Kennedys and Farrer & Co have become the latest law firms to address their outsourcing arrangements as firms continue to grapple with the issue of back office costs. Kennedys has signed a three-year deal to outsource library services to Integreon, ...
20 May 2013 | 13:56 | 1 comment
Travers loses dispute with former trainee over pregnancy discrimination
Travers Smith has lost a discrimination case brought against it by a former trainee who claimed she was denied a permanent role at the firm after becoming pregnant during her final seat. Katie Tantum instructed law firm Leigh Day to launch the case...
20 May 2013 | 12:33
King & Spalding hires Bird & Bird trade head to launch City practice
King & Spalding has launched a trade and customs practice in the City with the hire of Bird & Bird practice group head Iain MacVay. MacVay, who has more twenty years' experience of international and EU law, joins the US firm's London base today (20...
20 May 2013 | 00:00
Ashurst, Slaughters lead on Ocado's online retail tie-up with Morrisons
Ashurst, Slaughter and May and Hogan Lovells have advised on a deal which will see supermarket chain Morrisons launch an online grocery service with Ocado next year. Ashurst took the lead role for Morrisons on the deal, which includes a sale and le...
20 May 2013 | 00:00
Irwin Mitchell predicts solid growth as Pannone rejects talk of merger
Pannone has moved to quash rumours it has held talks w ith Irwin Mitchell over a potential merger deal, as the latter prepares to unveil solid financial results for 2012-13. Speculation over a potential tie-up has been circulating in recent months,...
20 May 2013 | 00:00
A&O opts for no change in associate pay as bands remain at 2012 levels
Allen & Overy (A&O) has confirmed it is holding 2013-14 associate salaries at last year's levels, becoming the fourth magic circle firm to unveil junior pay details for the year ahead. While associates will continue to move through the annual pay b...
17 May 2013 | 14:46
Withers and Speechly settle on proposed name ahead of merger votes
Withers and Speechly Bircham are to vote next week on a potential merger which could create a UK top 25 law firm known as Withers Speechly Bircham (WSB). Speechly's interim vote is on Tuesday (21 May) and Withers' is on Wednesday (22 May), with the...
17 May 2013 | 11:32
A&O, Al Tamimi, Emirates among winners at Middle East legal awards
Al Tamimi & Company and The Emirates Group were among the big winners at the Corporate Counsel Middle East (CCME) Awards last night (16 May). The awards saw Emirates secure the Large Team Legal Department of the Year...
17 May 2013 | 11:08
Eversheds recruits ex-Dewey partner from Morgan Lewis in Beijing launch double hire
Eversheds has recruited Morgan Lewis energy partner Ingrid Zhu-Clark to head up its new Beijing office ahead of its formal opening next week (20 May). Ex-Dewey & LeBoeuf partner Zhu-Clark, who moved to Morgan Lewis following the collapse of the US ...
17 May 2013 | 10:49 | 2 comments
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- Honour your promises? EAT provides guidance on when redundancy packages are contractually binding
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