Europe/UK - Page 203

Top partners take 3pc stakes as UK law firm prepares to float

Senior executives in the Midlands law firm Gateley will take a share worth about three per cent each of the total launch market capitalisation of £100m when the practice floats on the junior UK stock exchange, AIM, on 8 June.

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London law firms use location and IT to sell themselves to recruits

Law and other professional firms use location, IT, workplace design and style as important ways of differentiating themselves to potential recruits - but features such as canteens and gyms come near the bottom of the list of attractions.

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NHS trusts could face corporate manslaughter charges

A recent decision to charge an NHS trust with corporate manslaughter has set an important legal precedent, according to a Leeds law firm.

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EY in UK takes two more partners from Addleshaws

Paul Devitt, who stood down a year ago as managing partner of Addleshaw Goddard, is joining the Big Four firm's legal practice, where he will work alongside another ex-Addleshaws collegue, Philip Goodstone, who is now head of the EY legal team.

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Bank of England inquiry procedures questioned by top lawyer

A leading barrister, Charles Bear QC, has raised more questions about the Bank of England's record on internal investigations - undermining the bank's credibility on the Forex and other international scandals.

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Magic Circle fall behind other firms in views of female buyers

The Magic Circle law firms are trailing the majority of UK law firms - getting a brand rating equal to just 74 per cent of that of the average firm, according to a survey of 360 general counsel.

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Magic Circle focuses on London but loses brand awareness in rest of UK

New brand research makes disturbing reading for many leading UK firms - showing that Linklaters, for instance, is building up its London brand but declining abroad and that the Magic Circle have lost 15 per cent of awareness in the broader UK market.

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Harper Macleod aims for growth by tripling Edinburgh office size

Leading Scottish law firm Harper Macleod is to treble the physical size of its Edinburgh operations next month when it moves to new offices in the city.

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Brodies and Pinsents head Scottish league tables

With 350 fee earners, Brodies is the largest Scottish law firm - 10 % larger than Pinsent Masons, and 36% larger than the third largest practice, Maclay Murray & Spens.

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Top 30 foreign firms grow at 13pc in London, led by Lathams

Latham & Watkins - pushed up by a 27 per cent rise last year in London revenues - heads a ranking by The Lawyer magazine, followed by White & Case and then Baker & McKenzie.

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Sleepless nights at the bar

Barristers are under major stress with more than one in two unable to sleep at night and the majority criticising leadership at the bar.

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Lloyds Bank is looking to outsource low-level work

Lloyds Bank, the FTSE100 financial services giant, has started an external tender process for select litigation work at the bank following on from a series of redundancies in its in-house team last month.

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Law firms eye up Gateley flotation

Law firms are watching the Gateley proposed Aim flotation with great interest but only four per cent are currently considering it as an option.

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Legal aid lawyers fear further cuts under new government

Legal Aid lawyers and the Criminal Bar Association (CBA) are bracing themselves for further cuts to the legal aid budget now that Michael Gove is now the Lord Chancellor and a Conservative government is in place.

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EY beefs up financial regulatory practice

EY has moved to expand its financial regulatory practice with the recruit of two city of London partners.

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Scottish law firms see figures improve

Smaller law firms are enjoying more financial success than their larger colleagues in Scotland, says the Scottish Law Society's annual report but there are still firms only earning £15k profit a year.

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Pensions increase in importance in UK divorces

Pensions are now as important as property in UK divorce settlements and likely to increase further.

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Blake Morgan ramps up London presence with merger

UK top 50 firm Blake Morgan has boosted its London presence through a merger with Piper Smith Watton, the Westminster-based firm.

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Gateley set to become first UK listed law firm

Midlands-based law firm Gateley is the first law firm in Britain to become a public company after it appointed bankers to advise on a £140m London float.

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Costs management needs to be reviewed

A leading judge has expressed his “deep unease about the desert of applications” to vary costs budgets - with practitioners responding that they are positively avoiding doing so.

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