Legal sector contributes £26bn to UK economy November 29, 2018 The UK legal services sector grew 8.8 per cent to 342,000 jobs in 2017, an increase of 30,000 year-on-year, according to a report released today by TheCityUk. The output of the UK legal sector in 2016 was £26bn, the equivalent to 1.4 per cent of UK gross value added (GVA). The industry employs 107,000 people [...]
City Moves for 11 February – who’s switching jobs at Quickbooks, Trowers & Hamlins and Just Eat? February 11, 2019 Today's City Moves cover Quickbooks, Trowers & Hamlins and Just Eat. Take a look at these movers and shakers. Quickbooks Intuit, the makers of Quickbooks, the world’s number one online accounting software, announced the appointment of Chris Evans as vice-president and UK country manager. Chris, part of the Intuit UK team for eight years, steps [...]
City grind: Will law’s stuffy image and long hours stop it attracting top talent? April 22, 2019 Law firms are the original pyramid scheme. The model depends on a wide base of junior lawyers working long hours to generate cash for partners who sit at the top and take a share in the profits. Arguably it is a model that has had its day in an era where a younger generation increasingly prioritises [...]
London’s audit giants are muscling in on law firms August 8, 2018 The City's top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
Law firm Knights aims to raise £50m in largest-ever legal float June 26, 2018 Regional law firm Knights has said today it plans to raise £50m in its London float later this month in what will be the largest legal listing to date. The offer price has been set at 135p per ordinary share which will result in a market capitalisation of approximately £103.5m. The firm will received gross [...]
Law firm Knights to raise £50m in largest-ever legal float June 26, 2018 Regional law firm Knights has said today it plans to raise £50m in its London float later this month in what will be the largest legal listing to date. The offer price has been set at 135p per ordinary share which will result in a market capitalisation of approximately £103.5m. The firm will received gross [...]
Going Dutch: Fieldfisher to launch in Amsterdam in May February 21, 2017 Fieldfisher announced today it is opening a new office in Amsterdam in May. The Dutch endeavour will be structured under a Swiss Verein model and will have five partners, all from Kennedy Van der Laan. "We've been looking at setting up an office in the Netherlands for a while," said Michael Chissick, managing partner of Fieldfisher. "We've [...]
Turf war: Law firm bosses see Big Four as ‘threat’ as they aggressively expand into legal sector | City A.M. August 8, 2018 The City’s top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
Rosenblatt to take aim at litigation funders with £7m war chest and plans for a further fund following today’s London float May 8, 2018 City law firm Rosenblatt confirmed today that it could launch its own stand-alone fund to invest in litigation cases. Speaking to City A.M. the firm’s chief executive Nicola Foulston said: “We are interested in looking to open a separate regulated fund to fund third party litigation.” Rosenblatt floated today on the London Stock Exchange and [...]
Unhappy Valley: Europe gets tough on tech giants Amazon and Apple as Margrethe Vestager sets sights on US firms’ tax deals in Europe October 5, 2017 Brussels is cracking down on Silicon Valley tech giants and their tax arrangements in Europe, leaving the door open to further action after fresh rulings against Amazon and Apple. Competition chief Margrethe Vestager indicated the European Commission (EC) will likely scrutinise more so-called sweetheart tax deals as she slapped the online retailer with a €250m [...]