Friederike Heine

July 25, 2011 | International Edition

Weil Gotshal & Manges has raised its salary bands for City associates, with newly-qualified (NQ) London lawyers at the US firm set to receive £97,000 from September this year. The move marks an increase of 8% on last year, when NQs were paid £90,000, and a 14% increase from two years ago, when NQ salaries stood at £85,000.

By Friederike Heine

2 minute read

July 25, 2011 | International Edition

Edwards Angell Palmer & Dodge has added a partner to its London intellectual property (IP) department with the hire of Richard Graham from Bird & Bird. Graham, who joined the US firm's information technology and outsourcing function within its IP practice today (25 July), has been a lawyer in Bird & Bird's commercial group since 2004.

By Friederike Heine

2 minute read

July 20, 2011 | International Edition

DLA Piper tops a new ranking of the UK's largest law firms by turnover taking into account revenues generated across both UK and international profit centres during 2010-11. The firm's total revenues of £1.268bn against global profits per equity partner (PEP) of £735,000 mean that it heads Legal Week's new ranking, which includes full global revenues of UK law firms operating through both Swiss verein structures, like DLA, and formal alliances, such as Eversheds International and CMS Cameron McKenna.

By Friederike Heine

3 minute read

July 20, 2011 | International Edition

Hogan Lovells got off to a strong start in 2010 following the transatlantic merger between legacy Lovells and Hogan & Hartson that went live in May last year. Turnover at the combined firm – which maintains two separate profit pools – stood at £1.08bn for the 2010 calendar year, with profit per equity partner (PEP) rising by more than 10% to approximately £740,000.

By Friederike Heine

2 minute read

July 20, 2011 | International Edition

Allen & Overy (A&O) is set to open its first office on the African continent with the launch of a base in Morocco. The magic circle firm is recruiting two local partners from the Moroccan offices of French leader Gide Loyrette Nouel to staff the new Casablanca base, which will open in September, when corporate partner Yassir Ghorbal joins from Gide's local arm Naciri & Associes.

By Friederike Heine

3 minute read

July 19, 2011 | International Edition

Long-serving Linklaters corporate partner David Barnes has retired after a 36-year career at the magic circle firm. Barnes, one of five candidates who contested the Linklaters senior partner role earlier this year, took retirement at the end of last month.

By Friederike Heine

2 minute read

July 18, 2011 | International Edition

Nabarro managing partner Nicole Paradise has announced her intention to step down after 12 years in the post. Paradise's fourth three-year term as managing partner, which began in 2008, will end this autumn, when a successor will take over.

By Friederike Heine

2 minute read

July 13, 2011 | International Edition

Simpson Thacher & Bartlett's London arm has picked up a number of private equity relationships from Clifford Chance (CC) in the wake of its hire of CC's former funds head Jason Glover. The New York law firm, which brought in Glover at the beginning of the year to launch its UK funds practice, has now worked with several of Glover's former CC clients.

By Friederike Heine

2 minute read

July 13, 2011 | International Edition

Aviva is set to put together an inaugural European legal panel after hiring GE Capital's Monica Risam as the global insurer's first European general counsel. Risam, the former global GC of GE Capital's Working Capital Solutions division, joined Aviva's London headquarters last month to take up the newly-created role.

By Friederike Heine

2 minute read

July 13, 2011 | International Edition

BNP Paribas has kicked off its first global panel review since bringing in the former head of Herbert Smith's Paris banking practice, Georges Dirani, in October 2010 as general counsel. The France-headquartered bank sent out a tender document to more than 20 firms last month, with a view to increasing the size of the roster to take into account the bank's geographic reach.

By Friederike Heine

2 minute read