City talk: Slaughters grows ties to newest PE client
Last month, Slaughters advised Inflexion on its latest acquisition, having landed the private equity house as a client just over a year ago.
TLT targets 50 per cent female partnership by 2029
TLT has announced its latest goal as part of its diversity and inclusion strategy, aiming for female lawyers to make up half of its partnership in five years time. Since the introduction of its strategy in 2019, TLT has built its Women’s Equality Network (WEN) to action plans around the improving equality, D&I and wellness […]
Katten Muchin flashes the cash to attract centrist dads
US firm Katten Muchin has dug deep into its entertainment budget to host client drinks with podcast royalty Alastair Campbell and Rory Stewart, of the hit show The Rest Is Politics. They are understood to be able to charge tens of thousands for private appearances. The duo’s show is regularly on top of the charts […]
Akin’s London revenue jumps 25 per cent
Akin’s London revenue rose by 25 per cent over 2023, representing a bounce-back for the firm after turnover dropped the previous year. Over 2022, Akin reported a 6 per cent drop in its topline over what chairman Kim Koopersmith then described as a “year of investment”. The firm’s revenue had piqued in 2021 at $150m, […]
Linklaters set to lose leveraged finance co-head to Gibson Dunn
The latest in an ongoing series of partner losses for the magic circle firm, Linklaters’ co-head of leveraged finance is poised to move to Gibson Dunn & Crutcher. David Irvine is set to join the US firm’s London team just three years after returning to Linklaters. Irvine had spent the first 14 years of his […]
BCLP retention rate nosedives
We’ve just launched Partnerless, a new email specifically for associates. Sign up here for weekly career intelligence and market chatter. Bryan Cave Leighton Paisner has finalised its trainee retention figures following months of extended efforts to find additional spots to keep on more of its spring cohort. In the end, only 29 per cent – four of 14 […]
Two firms unveil enhanced parental leave policies
Boodle Hatfield and Jenner & Block are the latest firms to have introduced new parental leave policies for their UK staff. The firms have updated former policies that provided new fathers with the standard two weeks’ paid leave while new mothers received 22 weeks’ paid leave at Jenner & Block and 15 weeks at Boodles. […]
DLA Piper elects new managing partner
Corporate partner Charles Severs has been elected DLA Piper’s next managing partner. Severs joined the firm in 2003 from Herbert Smith Freehills and has since taken on positions including head of corporate and managing director for Asia Pacific, Middle East and Africa. His appointment will be effective on 1 January 2025. Severs will take over […]
Cleary and Latham advise as Whirlpool gets go-ahead for JV
Latham & Watkins and Cleary Gottlieb Steen & Hamilton were called on by legacy client Whirlpool Corporation to handle a year-long transaction and CMA investigation on the company’s combination with Turkish appliance business Arçelik. After the deal’s announcement in January 2023, a merger inquiry was launched by the CMA to review potential competition concerns. Following […]
Dechert leads on Yodel rescue thanks to Weil Gotshal hire
Dechert’s involvement in the rescue deal of parcel delivery company Yodel this week can be attributed to the strategic hire of partner Adam Plainer in 2021. Plainer, who joined the firm from Weil Gotshal & Manges, maintained connections with Yodel’s board, leading to the successful introduction of the deal to Dechert. This week’s rescue deal […]
The Body Shop collapse: Jones Day takes administration role
US firm Jones Day has been appointed as the lead law firm acting on the administration of The Body Shop. It is understood that the collapse of the London-headquartered retailer expects to put over 2,200 jobs at risk, just three months after the brand was sold to German asset manager Aurelius Group by its previous […]
Speed over precision: Clients give feedback on OC’s genAI strategy
Osborne Clarke has designed a generative AI strategy hinged on involving clients in the testing and tech development process. Client feedback following the initial rollout of the firm’s GPT compliance chatbox ‘Coco’ is leading Osborne Clarke to prioritise speed over precision for users of this tool and other practice-specific AI currently in the works. According […]