Europe/UK - Page 177

Ashurst partners vote in lockstep overhaul

The firm's partnership has agreed to extend its lockstep system by 10 points and to introduce a new bonus pool for annual star performers.

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Bakers elects tax partner Chadwick to head London office

Tax partner Alex Chadwick is set to take charge of Baker & McKenzie's London office.

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Islamophobic commenters target Manchester law firm ad

A Manchester law firm has been inundated with racist abuse after advertising Sharia-compliant family law and divorce services on Facebook.

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Law graduates: headed to the Bar, or behind it?

A recent study has found that as many as one in five recent law school graduates in the United Kingdom are currently employed in retail, catering or bar and café work.

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Jones Day hikes NQ pay above £80,000

Newly qualified lawyers at Jones Day have been served a £7,000 pay raise.

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Latham & Watkins picks up rare Slaughters leaver

Slaughter and May's former head of structured finance Sanjev Warna-kula-suriya has accepted a position at rival firm Latham & Watkins.

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Weightmans to overhaul strategy as profit and PEP tumble

Weightmans' turnover increased by just 6.6 per cent in the 2015/16 financial year despite a major merger, while profit per equity partner tumbled.

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Mishcon de Reya PEP hits £1m

Revenue is up 16 per cent at high flying City firm Mishcon de Reya, as average profit per equity partner (PEP) hits £1m for the first time.

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High Court upholds Corbyn's place on Labour ballot

Current Labour Party leader Jeremy Corbyn can proceed onto the party's leadership ballot without securing nominations from MPs, the court has ruled.

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Former partner loses age discrimination case against firm

The former partner at a Top 100 regional firm alleged age discrimination when his employer declined to offer him a new partnership after a restructure.

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Penningtons Manches sees revenue rise and PEP tumble

The costs of investment and a merger have been felt at Penningtons Manches, which has reported a lift in revenue but a tumble in profits per equity partner (PEP) for the financial year 2015/16.

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Kensell leaves A&O for Latham after leadership defeat

Latham & Watkins has picked up onetime Allen & Overy senior partner frontrunner Stephen Kensell.

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Accountants narrow the pay gap on lawyers

New research suggests that accountants are closing the pay gap on lawyers, as oversupply and the growing use of paralegals cause salary depression in the legal sector.

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Charles Russell Speechlys sees revenue and net profit rise

In its first full year of trading since merging with Speechly Bircham in November 2014, revenues at Charles Russell Speechlys rose 4 per cent to £140m.

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Fake law firms on the rise, says SRA

The Solicitors Regulation Authority has warned of a sharp increase in the number of scammers using a 'law firm' front to conduct fraudulent activities.

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Green calls in Schillings to challenge MP

Former BHS owner Philip Green has instructed Schillings to demand an 'immediate apology' from Frank Field MP, who co-led the inquiry into the retailer's collapse.

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MPs criticise law firms involved in BHS sale

A report published by MPs today finds that Olswang and Magic Circle outfit Linklaters are among those advisers 'culpable' for the collapse of BHS.

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HFW posts strong results

Holman Fenwick Willan (HFW) has reported a 3 per cent revenue increase for 2015/16, from £139m to £141.1m, and an 11 per cent increase in net profit to £42.1m.

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Withers posts 21 per cent revenue boost but lower PEP

The firm's international strategy has pushed turnover up 21 per cent, but profit per equity partner has tumbled 16 per cent.

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Accountants prepare for fresh push into legal services

On Thursday, the Institute of Chartered Accountants in England and Wales (ICAEW) launched an application to become a regulator of five reserved legal services.

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