August 12, 2013 | International Edition
Hogan Lovells, Travers and RPC post healthy autumn NQ retention ratesHogan Lovells, Travers Smith, RPC and Osborne Clarke (OC) have revealed their trainee retention details for autumn 2013, with all seeing percentage increases. Hogan Lovells has kept on 25 newly qualified (NQ) lawyers after the firm offered 28 of its 33 qualifiers a role at the firm.
By Pui-Guan Man
2 minute read
August 12, 2013 | International Edition
Slaughters mulls senior adviser role in partnership alternative rethinkSlaughter and May is in the early stages of a review of its career structure for senior lawyers wishing to take an alternative route to partnership. The magic circle firm has begun a rethink of its senior adviser role, which is broadly aligned with a senior counsel position at other firms.
By Pui-Guan Man
2 minute read
August 09, 2013 | International Edition
Camerons doubles partner bonus pool as firm fine-tunes sector focusCMS Cameron McKenna has doubled the size of its bonus pool available for distribution to partners after expanding the number of people eligable for a pay out. The firm has widened its bonus pool from a total 2.5% of its revenues to 5%, opening the scheme up to fixed-share partners for the first time. The change that accompanies the firm's partnership model revamp in May that saw its salaried partner rank scrapped, with 65 salaried partners joining an exisiting group of 10 fixed-share partners.
By Pui-Guan Man
3 minute read
August 08, 2013 | International Edition
Dentons, Ince and Watson Farley post autumn trainee retention ratesDentons, Ince & Co and Watson Farley & Williams (WFW) have announced their trainee retention rates for September 2013, with the former two firms keeping on just over two thirds of their qualifiers. Dentons posted a 68% retention rate after 17 of its newly qualified (NQ) trainees accepted a job offer at the firm. Of its 25 trainees, five chose not to apply and three were unsuccessful.
By Pui-Guan Man
2 minute read
August 07, 2013 | International Edition
DLA, SJB and Taylor Wessing among firms confirming NQ retention ratesDLA Piper and SJ Berwin are among the latest firms to announce their autumn trainee retention rates, with both set to keep on around three quarters of their qualifying trainees. DLA Piper is keeping on 73% of its September qualifiers, with the firm offering roles to 60 of its 77 newly qualified (NQ) lawyers. Of those, 56 accepted a job at the firm. The result is down on last autumn, when the firm retained 83% of its qualifying trainees.
By Pui-Guan Man
3 minute read
August 06, 2013 | International Edition
US duo take headline roles on sale of Washington Post to Amazon chiefCleary Gottlieb Stein & Hamilton and Cravath Swaine & Moore have taken the key roles on Amazon.com founder Jeffrey Bezos' $250m (£163m) acquisition of prestigious US newspaper The Washington Post. The takeover will see the billionaire buy the paper and several other publishing businesses in a personal capacity, as opposed to a deal led by e-commerce giant Amazon.
By Pui-Guan Man
2 minute read
August 05, 2013 | International Edition
Quinn Emanuel set for Munich launch as firm continues European expansion driveQuinn Emanuel is opening its third base in Germany, spearheaded by intellectual property (IP) litigation partner Marcus Grosch. The US disputes specialist's launch in Munich has been long-touted after the firms set out plans last year to open a string of offices across Europe and Asia.
By Pui-Guan Man
2 minute read
August 05, 2013 | International Edition
Olswang eyes China launch as firm plans to ramp up Asia presenceOlswang has outlined plans to open in China in the medium term, while sizing up expansion opportunities in emerging Asian markets such as Malaysia and Indonesia. The firm is looking to expand into mainland China within the next few years, with consultant Andrew Halper, who heads up the firm's China desk, spearheading the launch plans. Halper was hired earlier this year from CMS Cameron McKenna, where he was head of China at the firm.
By Pui-Guan Man
2 minute read
August 02, 2013 | International Edition
Magic circle trio check in for roles on £394m sale of Luton AirportFreshfields Bruckhaus Deringer, Clifford Chance (CC) and Allen & Overy (A&O) have all advised on the £394m takeover of Luton Airport. A consortium formed by Spanish airport operator Aena and AXA Private Equity is set to acquire the airport from TBI Airport Holdings, the majority of which is owned by Spanish conglomerate Abertis.
By Pui-Guan Man
2 minute read
August 01, 2013 | International Edition
DWF, Kennedys and RPC shine as two thirds of top 50 see PEP fall over five yearsTwo thirds of firms in the UK top 50 have seen profits per equity partner (PEP) fall over the past five years, according to research compiled by Legal Week. The figures show that only 16 firms in the top 50 have increased PEP since the 2007-08 financial year, compared with more than 30 that have seen profits slide. More than 20 firms have seen PEP fall by over 10% in the five-year period since the height of the credit crunch, with Field Fisher Waterhouse, Speechly Bircham and Trowers & Hamlins all seeing partner profits tumble by more than 40%.
By Pui-Guan Man
3 minute read
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