How does the magic circle compare when assessing measures of efficiency such as revenue per lawyer, revenue per partner, associate leverage and churn rate? The Lawyer’s new Practice Analysis service delves deeper.
This story has been updated from its original version after an error in the court filing system, upon which this story was based, was brought to our attention. Lexlaw Solicitors and Advocates is not suing Knights itself as originally reported. Rather, it is acting for one of the parties suing Knights, Gary and Deborah Eden. […]
Firms in the UK are starting to drop the hybrid working model, reverting to full-time office attendance. The Lawyer understands that Winn Solicitors has mandated that its employees be in the office five days per week, which was the policy before the Covid-19 pandemic. Based in Newcastle, Winn Solicitors brought everyone back into the office full-time […]
Axiom Ince has filed a preservation order and freezing injunction against its former managing partner. Axiom’s former managing partner, Pragnesh Modhwadia, along with partners Shyam Mistry and Idnan Liaqat, were suspended from the firm earlier this month by the Solicitors Regulation Authority (SRA). The SRA ruled that the trio failed to comply with account rules, […]
How does the magic circle compare when assessing measures of efficiency such as revenue per lawyer, revenue per partner, associate leverage and churn rate? The Lawyer’s new Practice Analysis service delves deeper.
This story has been updated from its original version after an error in the court filing system, upon which this story was based, was brought to our attention. Lexlaw Solicitors and Advocates is not suing Knights itself as originally reported. Rather, it is acting for one of the parties suing Knights, Gary and Deborah Eden. […]
Firms in the UK are starting to drop the hybrid working model, reverting to full-time office attendance. The Lawyer understands that Winn Solicitors has mandated that its employees be in the office five days per week, which was the policy before the Covid-19 pandemic. Based in Newcastle, Winn Solicitors brought everyone back into the office full-time […]
Axiom Ince has filed a preservation order and freezing injunction against its former managing partner. Axiom’s former managing partner, Pragnesh Modhwadia, along with partners Shyam Mistry and Idnan Liaqat, were suspended from the firm earlier this month by the Solicitors Regulation Authority (SRA). The SRA ruled that the trio failed to comply with account rules, […]
A suspended partner from Axiom Ince has filed a lawsuit against the Solicitors Regulation Authority (SRA) and its intervention agent, Gordons. Shyam Mistry was one of three partners who was suspended from Axiom Ince earlier this month as he was accused of failing “to comply with the rules made under sections 31 and 32” of […]
Does anyone need any confirmation of the gradual takeover of the City by rampaging US law firms? No, thought not. If, however, your answer is yes, then more evidence of the Americanisation of London can be found in the upcoming edition of the UK Corporate 50. Much of the focus in this year’s report is […]
Mexico is set to welcome thousands of lawyers later this year when the capital city plays host to the International Bar Association’s (IBA) showpiece event. Partners and support staff will mingle from dawn until way after dusk, discuss strategies and scan way off into the horizon. However, Mexico’s been high on the interest list for […]
At times, Clyde & Co appeared dangerously close to squandering the growth opportunities presented by its July 2022 acquisition of BLM. The firm’s most recent financials, however, suggest BLM was the fuel Clydes needed to grow in the UK. Not that it has been without casualties, with a significant proportion of former BLM partners having […]
The M&A rankings for the first half of 2024 confirmed one thing we already felt was true: that Linklaters and Slaughter and May have had a lot of acquisitive or targeted clients this year. According to data provided by the London Stock Exchange Group, the pair rank first and second respectively in terms of the […]
When Stephenson Harwood chief executive Eifion Morris set a target for doubling revenue to £400m by 2027, he knew it would be a tough challenge. “A profitable growth strategy will probably take more than individual lateral joiners and internal promotions to achieve,” he told The Lawyer back in 2021. This protective view came as the […]
BDB Pitmans partners have voted through proposals that will see the firm transition to a CMS-style network model, having called off merger talks with Womble Bond Dickinson in 2023. The firm has signed a letter of intent with Alvarez & Marsal Legal Services (AMLS) to help internationalise the business. Both BDB Pitmans and AMLS issued […]
Welcome to The Passport, your regular round-up of the most important stories to come from the European legal market. In this edition, we look at how CMS zoomed past Dentons in the Polish lawyer headcount stakes; why you might have to get used to the idea of three firms with ‘Snellman’ in their name; and […]
Akin Gump has recruited three of Cooley’s London partners, including its City managing partner Justin Stock. Stock moves to Akin along with Stephen Rosen and David Bresnick. The three focus on transactions with a life sciences and technology element. At Akin, Stock will become the firm’s international head of technology. Both Stock and Bresnick joined […]
For elite firms with ties to big banks, the first half of 2024 has been fruitful for corporate transactions. Sainsbury’s banking business was sold to NatWest Group last month, with Linklaters and A&O Shearman advising, while Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings led on Co-operative Bank’s sale to Coventry Building Society in an […]
Mills & Reeve’s turnover rose by double digits in 2023/24 to a new record high that has resulted in the firm’s highest-ever all-staff bonus pool of £3m. The firm’s turnover rose by 14.1 per cent to £168m, beating its 2025 strategic target of £150m a year ahead of schedule. The firm has not yet revealed […]