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Welcome to the Legal Support Network Newsroom
Our Newsroom is dedicated to providing you with the most relevant and up-to-date news. With a news network that extends to all the leading providers in up to the minute news and working in partnership with many of the leading names in News resources we aim to keep you abreast of the latest news and changes within the profession.
Use the Category search to find out more about the latest Finance, Costs or Technology News.
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Legal Week
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12/05/2008
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ASHURST FEES UP 17% TO SMASH £300M MARK
Ashurst has posted a 17% increase in turnover to smash through the £300m barrier, joining top 10 City rival Simmons & Simmons in announcing a double-digit increase in revenue.
The firm raked in fees totalling £323m for 2007-08, during which time the firm has made a...
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Legal Week
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12/05/2008
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PINSENTS POSTS 11% FEES BOOST TO BREAK £200M
Pinsent Masons has smashed through the £200m barrier after recording double-digit growth in turnover for the third consecutive year, the national giant announced today (12 May).
Fee income at the top 15
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Bank of England
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08/05/2008
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BANK OF ENGLAND MAINTAINS BANK RATE AT 5.0%
The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%.
The Committee's latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 14 May.
The minutes of...
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Legal Week
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08/05/2008
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CITY TRIO BECOME LLPS WITH ONLY TWO TOP 10 FIRMS YET TO CONVERT
Freshfields Bruckhaus Deringer, Macfarlanes and Hammonds have become the latest law firms to convert to limited liability partnership (LLP) status.
All three firms converted with effect from 1 May, leaving just a handful of top City players to convert - with Slaughter and May and...
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Legal Week
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08/05/2008
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HBJ GATELY MERGES WITH HOLMES HARDINGHAM
National firm HBJ Gately Wareing has announced a merger with leading maritime and commercial law firm Holmes Hardingham to create a specialist shipping and transport practice in London. HBJ Gately chairman Bijan Sedghi commented: "Our shipping and transport capability will be enhanced both in...
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Legal Week
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08/05/2008
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TOP 25 DUO DEFY CRUNCH WITH DOUBLE-DIGIT GROWTH IN 07-08
Simmons & Simmons and Wragge & Co have become the first top 25 law firms to release their financial results, with both firms shaking off the impact of the global slowdown to announce double-digit growth.
The results come as other leading City players predict similar increases,...
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Personnel Today
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07/05/2008
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MATERNITY LEAVE CAUSES HEADACHES FOR EMPLOYERS
Maternity leave still causes major headaches for employers, according to a legal expert.
To read the full article on the Personnel Today website please
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The Lawyer
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06/05/2008
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BEVAN BRITTAN IMPOSES LOCK-IN ON PARTNERSHIP
Bevan Brittan has vowed to improve its cashflow as it reinforces a partnership agreement that bars more than three partners from leaving in the coming year.
Following the departures of six partners during the last year, chief executive Stuart Whitfield said it was agreed at a meeting in...
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Personnel Today
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06/05/2008
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CAREER FEAR FORCES EMPLOYEES TO SHUN OPPORTUNITY FOR FLEXIBLE WORKING
People are not taking up their right to request flexible working for fear it will damage their career prospects, research has revealed.
To read the full article on the Personnel Today website please
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Solicitors Own Software
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06/05/2008
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CITY OF LONDON DRUCES LLP SELECTS SOS CONNECT FOR PRACTICE MANAGEMENT FOLLOWING STRATEGIC REVIEW
City of London firm Druces LLP has selected SOS Connect from Solicitors Own Software (SOS)...
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The Lawyer
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06/05/2008
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HERBIES ON COURSE TO BREAK £400M BARRIER
THE UK's leading firms are expecting a record year as the first indications of financial results trickled through from finance departments last week.
Herbert Smith is leading the way with initial estimates projecting a 20 per cent rise in turnover, from £334m to more than...
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The Lawyer
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06/05/2008
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NEW CHIEF SPEARHEADS MACFARLANES' LLP SWITCH
Macfarlanes will join a growing band of law firms by converting to limited-liability partnership status as of 1 May.
Senior partner Charles Martin said: "We think it's a more appropriate vehicle. Most of our competitors have done it and it's the efficient and sensitive way of going about...
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The Lawyer
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06/05/2008
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SACKERS PARTNERS HIT £1M PROFIT MARK
Plateau partners at pensions boutique Sacker & Partners pocketed just more than £1m during the 2007 calendar year, with the firm's average profit per equity partner (PEP) figure coming in at £882,000.
Although the average PEP figure remained relatively static on the 2006 figure of...
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Legal Week
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06/05/2008
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SIMMONS CELEBRATES 16% TURNOVER HIKE FOR '07-08
Simmons & Simmons has fired the starting gun on the 2008 results season, having shaken off the effects of the global slowdown to chart a 16% jump in turnover.
The top 10 City outfit today (6 May) announced that revenue was up by 16% from last year's mark of £250.4m to a new...
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Legal Week
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06/05/2008
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WRAGGES REVENUE UP 11.5% TO BREAK £125m
Midlands heavyweight Wragge & Co has announced an increase in turnover of 11.5% for 2007-08 to reach £125.5m.
The news means Wragges has notched up double-digit growth in each of the last four years and matches last year's performance, when the firm posted 11.2% growth in...
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