Suzi Ring

May 24, 2012 | International Edition

Olswang, Paul Hastings and Dundas & Wilson have all advised on the £130m sale of the Worcestershire Kingfisher Shopping Centre.

By Suzi Ring

2 minute read

May 24, 2012 | International Edition

"Why won't they just go?!" says one partner, privately articulating a topic on the minds of many running deal teams in the City. The topic, of course, is associate attrition. This is always a tricky balancing act for law firms trying to manage the pyramid of associates up to partnership..."

By Suzi Ring

6 minute read

May 24, 2012 | International Edition

Holman Fenwick Willan has announced a 10% increase in revenue for 2011-12, with turnover at the firm hitting £123.8m. The increased fee income at the firm, which runs to a financial year ending 31 March, compares with a figure of £112.5m last year.

By Suzi Ring

2 minute read

May 24, 2012 | International Edition

Midlands firms Shakespeares and Harvey Ingram are set to merge later this summer, in a move that will create a combined firm with revenues of around £50m. The firms announced the merger to staff earlier today (24 May) with the planned tie-up set to go live from 1 August this year. The deal will see the pair come together to create one fully financially integrated firm with around 815 lawyers and staff. Shakespeares reported a turnover of £29.6m for 2011-12, with Harvey Ingram understood to have revenues of around £19m

By Suzi Ring

2 minute read

May 24, 2012 | International Edition

Berwin Leighton Paisner (BLP) has approved the spin-off of the firm's Lawyers on Demand (LOD) service, with the firm to retain an 80% stake in the much-touted contract lawyer business. Partners at the firm voted on the deal last night (23 May), with LOD set to be transferred into a separate company from 1 June this year.

By Suzi Ring

2 minute read

May 23, 2012 | International Edition

Kennedys has broken through the £100m revenue mark for the first time, with preliminary turnover results for 2011-12 showing an 11.6% increase on last year. The firm has seen turnover grow from £96.8m last year to a pre-audited figure of £108m during the last financial year, with around £83m coming from Kennedys' UK offices and the remaining £25m from its international network.

By Suzi Ring

2 minute read

May 22, 2012 | International Edition

Herbert Smith has made five redundancies in its Dubai office following a 51-strong redundancy round at the firm's City headquarters announced last month. All five of the redundancies are in the Dubai IT and business services functions, with no fee earners or legal staff affected.

By Suzi Ring

2 minute read

May 22, 2012 | International Edition

Kennedys has announced its annual promotions with the firm adding four lawyers to its partnership, including three in the City. The promotions, which took effect from 1 May, see Hannah Cane and Kirsten Valder joining the partnership in the London professional indemnity practice, with Sally Morris -Smith made up in the City property team.

By Suzi Ring

2 minute read

May 21, 2012 | International Edition

Olswang has become one of the first UK top 50 firms to announce its 2011-12 financial results, with the firm posting an impressive 17% rise in revenue to take it over the £100m mark. Turnover has risen to £108.1m this year, up from £92.6m in 2010-11, with the firm expecting to post profits per equity partner (PEP) of £530,000 - up 22% on the previous year's figure of £435,000. The final PEP figure is still subject to audit.

By Suzi Ring

2 minute read

May 17, 2012 | International Edition

The majority of partners believe commercial lawyers are overpaid at all levels, according to new research which suggests advisers should hand clients considerable further ground on costs.

By Suzi Ring

4 minute read