Legal firms hit by fresh downturn April 30, 2012 LONDON’S increasingly embattled legal sector suffered a further blow yesterday, as magic circle stalwart Slaughter and May froze associate salaries and Herbert Smith announced 51 redundancies in its City office. Only second-year associates at Slaughters will see their pay packets rise, though by less than one per cent, while salary bands for the firm’s other [...]
Linklaters’ revenue and profits rise July 7, 2011 LINKLATERS will be the latest magic circle law firm to return to growth when it releases its 2010-11 numbers this morning, with revenues and profits both on the rise. Revenue was up 1.4 per cent year on year, from £1.18bn last year to £1.2bn, with profits climbing 1.5 per cent to hit £514.8m. Growth in [...]
Linklaters’ revenue and profits rise July 7, 2011 LINKLATERS will be the latest magic circle law firm to return to growth when it releases its 2010-11 numbers this morning, with revenues and profits both on the rise. Revenue was up 1.4 per cent year on year, from £1.18bn last year to £1.2bn, with profits climbing 1.5 per cent to hit £514.8m. Growth in [...]
Bridgepoint confirms deal to buy Quilter January 24, 2012 PRIVATE equity firm Bridgepoint yesterday signed its deal to buy Quilter, the wealth management business owned by Morgan Stanley Smith Barney, for an undisclosed sum expected to be more than £170m. This comes just weeks after Bridgepoint bought online cycling shop Wiggle for €210m (£175.2m) in late 2011 – a year which saw the private [...]
Linklaters to open in Abu Dhabi July 6, 2011 Magic circle law firm Linklaters will this morning announce plans to open a stand-alone office in Abu Dhabi, responding to client demand in the region. The office will be led by Middle East managing partner and project finance specialist Sarosh Mewawalla, supported by New York finance partner Paul Kruger and Dubai corporate partner Nick Garland.
MEET THE ADVISERS February 13, 2012 Both Vodafone and Cable & Wireless Worldwide have been quick to maintain that there is, as yet, no deal on the table. But, should Vodafone serve an offer, CWW has its usual advisory team – comprising Barclays Capital and Rothschild – at the ready. Heading the BarCap squad is Will Peters, who has been at the [...]
UK has highest ratio of female legal partners February 26, 2012 MAGIC circle law firms in the UK boast the highest ratio of female partners in the whole of Europe, a report has revealed this morning, even though just 16 per cent of partner positions are held by women. The UK tied with Holland as the European country with the most female partners, but both still [...]
UK has highest ratio of female legal partners February 26, 2012 MAGIC circle law firms in the UK boast the highest ratio of female partners in the whole of Europe, a report has revealed this morning, even though just 16 per cent of partner positions are held by women. The UK tied with Holland as the European country with the most female partners, but both still [...]
It’s not just lawyers who prosper in law March 14, 2012 LAW is bigger business than ever. Freshfields employs 5,000 people and has twenty-seven offices in sixteen countries. Linklaters also has twenty-seven offices in twenty countries. Its revenues in 2010-11 were £1.2bn. Of course, this is good news for lawyers. But non-lawyers work for law firms too. Of Freshfields’ 5,000 staff members, 2,000 are business services [...]
N + 1 PLUS ANOTHER ONE……… March 14, 2012 Life in the City’s financial advisory sector has been full of change lately, especially at the firms which tailor their expertise to the small to mid-cap corporates. There’s been a merging of Evolution and Investec; there’s a possible merger between Canaccord and Collins Stewart to come, with likely job cuts on the cards; there have [...]