Jeremy Hodges

January 23, 2009 | Law.com

Linklaters is restructuring its partnership in a move that is expected to see more than 35 partners worldwide leave the U.K. giant. The firm's London headquarters could see about 10 partners depart by the end of the current financial year in April, although its European practice has been cited by some outside the firm as the most vulnerable. Three of the departing partners are in capital markets, banking and corporate practices, but it is not yet known where the remaining cuts will be made.

By Jeremy Hodges

3 minute read

July 11, 2008 | Law.com

The average London lawyer rakes in $1.1 million a year, ranking them in third place behind traders and bankers as the top earners in the City. According to research carried out by The Route City wealth club, bonuses in the legal profession can reach up to 32 percent of annual salary. The report shows that in peak earning years -- 36 to 40 years old -- legal professionals can expect to take home an average of $1.2 million. Over their working life span, lawyers can expect to earn over $19.8 million.

By Jeremy Hodges

2 minute read

July 23, 2009 | Law.com

Dundas & Wilson has asked its staff to consider taking unpaid leave after the firm posted an 11.8 percent drop in revenues for the financial year. Revenue at the big four Scottish firm fell to 66 million pounds ($108.6 million) from the previous year's figure of 74.8 million pounds. The firm has proposed staff take 18 days of unpaid leave, representing a 10 percent pay cut for the current financial year. The all-equity partnership has already agreed to a 10 percent reduction in salary.

By Jeremy Hodges

2 minute read

October 13, 2009 | Law.com

Linklaters has been drafted by the U.K. government to advise on the potential sale of 16 billion pounds' ($25.3 billion) worth of assets over the next two years in a bid to reduce the U.K.'s budget deficit. The Magic Circle firm is understood to be one of a number of top law firms in line to benefit from the plan. Prime Minister Gordon Brown said in a speech that the government could raise $4.7 billion by selling off its 32 percent stake in uranium processing company Urenco and the Channel Tunnel rail link.

By Jeremy Hodges

2 minute read

May 24, 2010 | Corporate Counsel

British broadcaster ITV holds discussions with a number of major legal teams in a bid to get the in-house community working together to drive down legal costs and secure more favorable panel terms.

By Jeremy Hodges and Claire Ruckin

2 minute read

March 09, 2010 | Law.com

Chadbourne & Parke has hired international arbitration partner Melanie Willems from Howrey's London office, along with three associates. She had been at Howrey since 2005, heading up the Washington, D.C.-based firm's London international arbitration group. Prior to that, Willems was a partner at Lovells. Her practice sees her arbitrate before major tribunals including the ICC International Court of Arbitration and the London Court of International Arbitration.

By Jeremy Hodges

2 minute read

June 16, 2008 | Law.com

Kirkpatrick & Lockhart Preston Gates Ellis has moved to beef up its Manhattan financial services practice with the hire of the former managing director of Bear Stearns' legal arm in New York. Phillip Cedar joins K&L Gates as a partner from the legal department of the stricken investment bank, where he was in charge of a team of 20 lawyers. Cedar's practice focuses on securities and mortgage litigation and investigations. Prior to working at Bear Stearns, Cedar was in private practice with Skadden.

By Jeremy Hodges

2 minute read

October 20, 2009 | Law.com

Linklaters' former head of capital markets, Nick Eastwell, has joined Central and Eastern European firm Kinstellar as a senior consultant to set up a base in London. Eastwell will work part time for the CEE outfit, which was founded by a group of former Linklaters partners in 2008 when the Magic Circle firm split from its offices in Budapest, Bratislava, Bucharest and Prague. Eastwell will forge ties with banks and corporations in London, while also working on capital market transactions for the firm.

By Jeremy Hodges

2 minute read

May 13, 2008 | Law.com

Covington & Burling has announced the hire of the former head of Herbert Smith's Paris corporate practice, Mike Kingston. He joins Covington's London arm to head up the Washington D.C.-based firm's European corporate practice. Kingston, whose practice covers a range of cross-border transactional work, spent six years in the French capital with Herbert Smith, as well as completing stints in Hong Kong and Singapore.

By Jeremy Hodges

2 minute read

January 09, 2009 | Texas Lawyer

Baker & McKenzie has become the latest firm to announce redundancies, with the firm cutting six of its New York associates as a result of the ongoing economic downturn.

By Jeremy Hodges

2 minute read