Jeremy Hodges

February 19, 2010 | Law.com

Ashurst has asked a number of partners to leave by the end of the current financial year, despite already seeing nearly 30 partner exits since May 2009. The top 10 U.K. firm asked fewer than 10 partners to leave shortly before Christmas, with most set to depart by the end of April. The total does not include retirees, such as London corporate partners David Kershaw and Alan Kitchin, and most come on top of the 27 partners who have left Ashurst's limited liability partnership since May 1.

By Jeremy Hodges

2 minute read

August 05, 2008 | The Legal Intelligencer

Shearman & Sterling has dismissed an associate in its London office after a vacation scheme student made a formal complaint about his behavior during a night out.

By Jeremy Hodges

2 minute read

May 24, 2010 | Law.com

Hogan Lovells has become the latest firm to restart lockstep progression and increase associate salary bands for the financial year ahead. The pay increases, which will see newly-qualified lawyers take home �60,000, keep the firm marginally below Magic Circle levels in terms of salary.

By Jeremy Hodges

1 minute read

March 09, 2010 | Law.com

Lovells is set to change the way it pays bonuses to its non-equity partners to bring them in line with merger partner Hogan & Hartson. The new system will see Lovells' salaried partners receive a fixed sum paid out of a central bonus pool directly related to the overall profits of the firm. The system will be phased in over a two-year period and ultimately lead to a bonus pool that amounts to 15 percent of the overall profits of the firm -- the percentage currently used by Hogan & Hartson.

By Jeremy Hodges

2 minute read

February 10, 2009 | Law.com

Freshfields Bruckhaus Deringer has become the first U.K. law firm to break assistant lockstep, with the London giant telling staff Monday that salaries for associates will be held at 2008 levels. The pay freeze means associates will not progress through to the next pay level, when they would normally see a 10 percent rise in salary. The pay freeze will apply to the firm's U.K., German and Asia offices. The move comes on the heels of similar actions by law firms in the U.S., including Latham and Orrick.

By Jeremy Hodges

3 minute read

July 22, 2009 | Law.com

The legal profession has been singled out as too socially exclusive by a U.K. government report on fair access to professions. The report calls on occupations such as lawyers and doctors to widen access to their professions after becoming increasingly exclusive in recent decades. The report found that of all professions in the U.K., lawyers typically grew up in the best-off families, with lawyers born in 1970 brought up in families with income 64 percent higher than the national average.

By Jeremy Hodges

2 minute read

March 22, 2010 | Law.com

White & Case's London office has emerged as the worst-performing U.K. arm of a U.S. law firm in 2009 -- a year in which firms' results varied significantly. White & Case saw London revenues plunge by just under 20 percent to $197 million during the 2009 calendar year. The figures mark the biggest decline of any U.S. firm yet to announce its London results, but White & Case stressed that the drop could be largely explained by a change in the exchange rates it uses to convert revenues.

By Jeremy Hodges

3 minute read

July 10, 2008 | Law.com

U.S. law firms are planning to push ahead with expansion in London despite the continued impact of the economic downturn. Legal Week's annual survey of U.S. law firms in London has revealed that 86 percent of respondents plan to actively recruit in the City this year despite the market conditions. The figure represents only a tiny drop on last year's figure of 91 percent -- with the overwhelming majority of the 51 firms questioned remaining committed to expansion.

By Jeremy Hodges

3 minute read

January 16, 2008 | National Law Journal

Fulbright & Jaworski has moved to boost its energy practice in the Middle East, hiring one new partner and relocating another to Dubai. David Silver joins the firm as a partner from Qatar firm Hassan Al-Khater Offices. He has been based in the emirate for the last 10 years and will service Fulbright's corporate, energy and finance clients in the region. Veteran projects partner David Moroney, meanwhile, will relocate from Fulbright's London arm to Dubai to head up the firm's Middle East energy team.

By Jeremy Hodges

2 minute read

March 16, 2009 | New York Law Journal

By Jeremy Hodges

2 minute read