- A&O looks to deepen ties with global network through support services plan
Allen & Overy (A&O) has launched a new service to give its relationship firms access to magic circle level support functions, in a push to strengthen ties in jurisdictions including Libya and Scotland.
The magic circle firm...
- UK top 20 squeeze equity ranks as PEP pressure drives prudence
News Article - 09/09/2013 : Allen & Overy, ashurst, clifford chance, cms cameron mckenna, dac beachcroft, equity partners, Irwin Mitchell, linklaters, magic circle, pep, slaughter and may, top 20, Finance, Practice Management
The proportion of equity partners across the UK top 20 is continuing to shrink as law firms tighten their grip on the equity amid ongoing pressure on profits.
The UK's 20 largest law firms by revenue have seen the overall proportion of...
- International law firms forced to bid for Asia work in front of rivals amid costs squeeze
International law firms are being forced to tender in front of rivals for some corporate work in Asia as Chinese companies try to cut back legal fees.
Partners in Hong Kong confirmed that pressure to reduce costs has resulted in...
- Slaughters set to ramp up Africa links as rivals move in on market
Slaughter and May is making a push to tighten its links with African law firms as the magic circle firm moves to build up its practice in the region, amid growing attention from the international legal market.
The firm last week...
- Freshfields, CC and Linklaters lead City for best maternity packages
Freshfields Bruckhaus Deringer and Clifford Chance (CC) have emerged as the top UK law firms with the most generous maternity packages, according to Legal Week research into the benefits on offer at the UK’s 15 largest firms by revenue....
- Bold merger moves propel Norton Rose and Ashurst up global rankings
Norton Rose and Ashurst have emerged as the fastest-growing firms over 2011-12 in Legal Week's global rankings, which take into account revenues generated across both UK and international profit centres tied with the firms.
- Top UK firms show interest as Malaysia looks set to liberalise legal market
Malaysia looks set to become the latest Asian country to open up its legal market to overseas law firms, with Trowers & Hamlins, Allen & Overy (A&O) and Norton Rose among firms that could be interested in practising if the...
- BLP draws up bold plans for Managed Legal Service division after CEO hire
Berwin Leighton Paisner (BLP) is in the process of drawing up a business plan for its Managed Legal Service (MLS) arm, following the hire of former Fujitsu director Andrew MacNaughton as chief executive for the entity.
- Clifford Chance gains approval to open in South Korea
Clifford Chance (CC) has become the first UK firm to gain approval to open an office in South Korea.
The magic circle firm's application to open in Seoul was approved by the Korean Ministry of Justice today (16 July), with the firm...
- Linklaters launches Italian disputes practice with Gianni hire
Linklaters is set to launch a litigation practice in Italy, with the hire of disputes partner Alessandro Villani from leading independent Gianni Origoni Grippo Cappelli & Partners.
Villani is expected to join Linklaters at the end of...
- Lloyds Banking Group set to cut law firm roster by 10% in adviser review
Lloyds Banking Group is set to cut back its law firm roster by around 10% in a UK panel review due to kick off later this month.
The bank, which appointed its last legal panel in 2010, has sent a letter to firms informing them they...
- Trio post retention rates as Wragges trainees turn down £5k deferral offer
Slaughter and May, Ashurst and SNR Denton have all posted healthy September trainee retention rates, with Slaughters set to keep on 91% of its newly-qualified (NQ) lawyers.
Forty-two of Slaughter’s 46 qualified trainees have been...
- Freshfields and Links reveal figures to confirm CC' s magic circle lead
Freshfields Bruckhaus Deringer and Linklaters have announced broadly flat headline financials for 2011-12, with the figures showing that Clifford Chance has increased its turnover lead on its magic circle rivals.
- Clifford Chance: US is still on the agenda
Clifford Chance has refused to rule out another US merger as the magic circle firm presses ahead with growth in the region.
The firm’s practice in the Americas grew 3 per cent in revenue from £140m to £144m in the Americas in the 2011-12...
- CC sees headline financials rise 7% as revenues reach £1.3bn
Clifford Chance (CC) has posted 7% increases in both revenue and profits per equity partner (PEP) for the 2011-12 financial year.
The magic circle firm announced today (3 July) that revenues climbed from £1.219bn to £1.303bn during...