Matt is The Lawyer’s deputy editor. He has a particular focus on the US legal market. He also leads many of The Lawyer’s market reports, including the UK 200.
Boy, are some parts of the market in the doldrums. None more so than equity capital markets (ECM) and, in particular, IPOs. The aborted IPO of WE Soda in June was another blow to an already depressed market. No wonder so much store has been placed on the listing of CAB Payments, an unusual bright […]
Corporate rankings are a bellwether of market conditions. Refinitiv’s recently published H1 global M&A data for 2023 was doom-laden for those who have made corporate law their trade of choice. In the first half of the year, worldwide M&A activity fell to a three-year low, down 37 per cent from H12022 to $1.3trn. But deals […]
Mishcon de Reya’s revenue reached £255m in the 2022/23 financial year, an increase of 10 per cent on 2021/22 and a new record. Total profit bucked the industry trend with a 22 per cent rise from £76m to £93m although the firm confirmed that its 2021/22 profit had been impacted by the investment in Mishcon’s […]
Eversheds Sutherland is looking to rip up the traditional legal services rule book with a range of AI-focused policies and processes, in a direct response to the extraordinary rise of ChatGPT at the start of this year. The firm’s new approach is likely to result in Eversheds mandating the use of AI technology wherever possible […]
Pinsent Masons has boosted equity partner remuneration by around 13 per cent, while keeping pay rises for all other groups of staff at well below inflation. Last week, the firm completed a compensation review in which equity partners received a £2,500 per point pay rise. The hike took the value of a point to £21,400, […]
Partner conferences can be functional affairs but it wasn’t solely the fact that Burness Paull’s earlier this month was held at the splendidly futuristic V&A building in Dundee that helped it grab the attention. When the keynote topic is the Terminator, that tends to focus the mind. As you’ll have guessed, the topic very much […]
The traditional US giants in London are being overtaken
After a booming 2022 comes a cooler 2023 for the US 50
Don’t miss out on hearing from The Lawyer’s superstar US managing partner panel at our live webinar to mark the launch of this year’s US 50 report. Where will growth come from in 2023, how is law firm culture changing and what does the A&O/Shearman merger mean for the global elite market? Register here
Significant salary hikes provoke outrage among the legal elite. “Newly qualified lawyers are paid how much?” is the common response to the latest NQ pay jump. Still, at well over £100,000 a pop for a lawyer straight from university, it’s a fair question. This level of pay at a time when costs are spiralling is […]
Shearman & Sterling has fallen three places in an annual ranking of the largest US firms in the UK, just a fortnight after the announcement of its merger talks with magic circle firm Allen & Overy (A&O). Shearman has dropped three places in the new edition of The Lawyer’s US 50 report 2023, published this […]
Latham & Watkins has retained its position as the largest US-headquartered firm in the UK, with an estimated City growth rate of 4 per cent in 2022. Latham is thought to have generated $702m in London last year, the highest level of fee income ever achieved either by it or any US firm. However, the […]