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75 per cent of UK 200 firms could vanish within five years, says new report
Stockbroker Arden Partners believes that up to 75 per cent of the current UK 200 firms could disappear over the next five years, as external investment consolidates the 'highly fragmented' mar...
Holman Fenwick Willan sees revenue and profit fall
Insurance specialist Holman Fenwick Willan has seen its revenue drop five per cent to £139m from £145m, while its operating profit has fallen 16 per cent to £49.9m from £59m.
Dewey retrial set for September
A retrial of former Dewey & LeBoeuf executives has been set for September, but won't include the firm's ex-chairman, Steven Davis.
Another day, another Dentons acquisition
Dentons has confirmed it is hiring Matthew Arnold & Baldwin's (MAB) banking and finance litigation team, made up of 11 partners and 64 fee-earners.
Banks appoint advisory firm to examine Slater & Gordon's books
National Australia Bank and Westpac, Slater & Gordon's lead financiers, have installed McGrathNicol as investigating accountants to make a forensic examination of the law firm's books.
Baker Botts opens in San Francisco
Houston-headquartered law firm Baker Botts has announced that it has officially opened its new office in San Francisco.
Nabarro and Slaughter and May up trainee retention
Nabarro and Slaughter and May improved their trainee retention figures this month, with the former keeping 89 per cent and the latter managing a 95 per cent rate of retention.
Patent disputes reach record highs in 2015
A report from a company that provides patent risk management services has shown that the number of patent disputes reached new highs in the US in 2015.
Parabis: unsecured creditors set to lose millions
New documents have revealed that the collapsed Parabis group went into administration owing almost £50m to more than 2,500 unsecured creditors.
Financial management pays off as debt falls and profits soar at Simmons'
Simmons and Simmons' focus on costs and lock-up management helped the firm to increase profits and reduce borrowing costs for the last financial year.
Impact of automation on legal jobs market overestimated, says study
A new study suggests that headlines predicting automation will have a dire impact on the job market for lawyers may have overstated the case.
Women and trainees the majority of callers to lawyer support charity
Two out of three callers in 2015 to a charity offering support and advice to lawyers were women, while nearly four out of ten were trainees or qualified for five years or less.
Clifford Chance management profit share falls amid revenue and profit dip
Accounts filed at Companies House show Clifford Chance's streamlined executive leadership group saw an average seven per cent fall in their pay packets in the last financial year, while the firm&#...
US sues VW over emissions scandal
The US Justice Department sued Volkswagen AG on Monday, seeking billions of dollars in penalties as a result of the emissions-cheating crisis at the German auto giant.
Polish president signs controversial court reforms into law
The European Commission is to examine the issue of Poland's constitutional court next month, after the Polish president signed into law disputed amendments to the court's powers.
Tennessee sues Chevron over petroleum spill clean-up costs
Tennessee's attorney general is accusing Chevron and its subsidiaries of a 30-year scheme to fraudulently siphon millions of dollars from a taxpayer clean-up fund used to protect the publi...
Law firms expand employment practices in Singapore
Law firms in Singapore have been expanding their employment practices to meet increasing demand for litigation, bolstered by tighter labour controls, the influx of foreign talent and the city state...
City lobby doubts Gove's levy on law firms
Chris Cummings, chief executive of the lobby group TheCityUK, says he has picked up a 'possible change in tone' in justice secretary Michael Gove's proposal for a levy to fund legal servic...
China passes new anti-terrorism law
China's National People's Congress Standing Committee has approved a new anti-terrorism law requiring tech companies to provide information to the government obtained from their products a...
Argentina seeks out second law firm for debt advice
According to a source from the Argentina's economy ministry, the new government is searching for a second law firm to help resolve the country's long-standing battle with creditors suing i...