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International Edition

A&O posts 84% retention rate for spring 2014 NQ intake

Allen & Overy (A&O) has become the first major law firm to post retention rates for its spring 2014 intake, with the firm set to keep on 84% of its newly-qualified (NQ) lawyers. The magic circle firm has offered roles to 42 of 45 trainees that applied to qualify, out of a total intake of 49, marking a 93% offer rate. Of these, one chose not to accept a position.
2 minute read

International Edition

Client Satisfaction Report 2013 - what's top priority for your clients?

After 10 years of canvassing the views of clients across the globe on their legal service providers, two universal findings reliably ring true: lawyers are only as good as the advice they give and clients want more for less. The good news for firms in 2013 is that they have collectively managed to maintain client satisfaction levels despite sustained pressure from clients to keep their bills down.
6 minute read

International Edition

Conflict conundrum – banks' grip on top firms raises fairness fears

Bringing up the subject of conflicts of interest is guaranteed to get law firms hot under the collar. It's just not a topic they are comfortable discussing because, while the Solicitors Regulation Authority has clarified and re-clarified its rules several times in recent years, a law firm's decision to act or remove itself often comes down to its own judgement.
3 minute read

International Edition

Technical excellence is not enough: lawyers need to break free from their narrow silos

'Collaboration' is one of those words that has really caught the attention of the legal market in recent years. But while the term is generally accepted, what is less well understood is what collaboration looks like in the context of a high-performing business law firm. Is it a must-have, a nice-to-have or just another example of distracting management speak?
5 minute read

International Edition

Banking sector clients have too much sway over their legal advisers, say partners

An overwhelming majority of partners believe that banks wield too much influence over their legal advisers when it comes to representing other businesses, according to new research....
5 minute read

International Edition

Ropes & Gray hires Weil Gotshal tax partner Brenda Coleman

Ropes & Gray has hired Weil Gotshal & Manges highly-ranked tax partner Brenda Coleman in London. Coleman, who moved to Weil from Allen & Overy (A&O) in 2009, advises on all areas of corporate tax, including private equity, restructuring, funds and finance matters. At Weil she worked on a part-time basis however at Ropes, she will return to full-time practice.
2 minute read

International Edition

British Legal Awards 2013: who won what - and why...

A run-down of all the winners at this year's British Legal Awards, including full details of the judging panel's reasoning for each award.
46 minute read

International Edition

Kennedys and Simpson & Marwick call off merger following delays

Kennedys and Scottish firm Simpson & Marwick have called off a proposed £160m merger, citing "complex reasons". Partners at both insurance-focused outfits initially voted in favour of the tie-up in August, though plans for full integration by 1 November were later acknowledged as "ambitious".
2 minute read

International Edition

Simmons top earner for 2012-13 pocketed £800k, accounts reveal

Simmons & Simmons' highest earner took home around £800,000 during 2012-13, an 11% decrease on last year's top figure of £900,000. The figure is contained within the firm's latest financial report, recently filed with Companies House, which also shows the firm brought in operating profit of £68.6m, up on £53.4m.
2 minute read

International Edition

DLA Piper names new UK real estate chief

DLA Piper has appointed Ian Brierley as its new UK head of real estate, replacing Simon Cookson in the role. Cookson has held the role for two years after he joined the firm from Ashurst to lead the real estate practice.
2 minute read

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