NEXT

International Edition

Bonus season – the pros of treating junior lawyers fairly, if not equally

Back in May, Legal Week tallied up the number of law firm jobs placed at risk of redundancy over the previous 12 months. The figure reached was a rather shocking 1,300, including some 750 jobs that had actually been cut at that point. Since then, the number of firms announcing redundancy programmes has slowed dramatically, although not completely. Several firms including DWF, Taylor Wessing and Bond Dickinson have made cuts – particularly following mergers and back office outsourcing deals.
3 minute read

International Edition

The lure of London – why wealthy non-doms are flocking to the UK capital

Life is surprising. While that is a statement of the obvious, every now and again one is struck by just how much can change in a relatively short period of time. Take the UK for example. A few short years ago, I was given the task of giving a presentation on its attractions for wealthy resident non-domiciles (RNDs) and others, which was – to put it simply – not easy. Life has, however, changed almost beyond recognition with more and more wealthy people, both from the EU and further ashore, relocating here at an ever-accelerating pace. Why?
9 minute read

International Edition

Breaking new ground – how estates are finding new ways to manage assets

Estates, whether urban or rural, need to be on the front foot if they are to prosper in today's challenging economy and survive the ever-increasing welter of legislation. Should they sell up, borrow or diversify? Do they represent acres of opportunity or could they become dangerous millstones? And what are the ground rules that will help a family estate make a positive net contribution? For many years, the landed estate has perhaps been viewed as the oldest and earliest family business. Traditionally, large tracts of land with associated buildings, the main hall or house, farm buildings and let cottages were in one family's ownership, run by the estate's factor or agent, and passed from eldest son to eldest son from generation to generation.
8 minute read

International Edition

Bond Pearce grew revenue by 11% in year prior to merger with Dickinson Dees

Bond Pearce saw turnover and profit climb in the year prior to its May merger with Dickinson Dees. Accounts filed at Companies' House show revenue grew by more than 11% to £51.8m last year, up from £46.5m in 2011-12. The 2012-13 audited figure is £1.5m higher than the earnings reported by the firm in August.
1 minute read

International Edition

Law firms set for payouts in wind-down of Lehman's Europe operations

More than 30 law firms owed money by Lehman Brothers International Europe (LBIE) are in line for a payout, after the bank's administrators PwC confirmed a group of creditors would be entitled to distributions in the New Year.
2 minute read

International Edition

Weil, Kirkland and Links act on RBS's disposal of WorldPay

Linklaters, Weil Gotshal & Manges and Kirkland & Ellis have secured roles on Royal Bank of Scotland's (RBS) sale of its remaining 20% stake in WorldPay to private equity firms Advent International and Bain Capital. RBS was advised on the disposal of the payment processing operator by Linklaters corporate partner Anne Drummond.
2 minute read

International Edition

Pinsents, MoFo and Greenberg land key roles on £125m LSE bond issue

Pinsent Masons, Morrison & Foerster (MoFo) and Greenberg Traurig have taken the lead roles on a £125m bond issue by the London School of Economics and Political Science (LSE). The private placement makes the LSE the latest UK university to tap the bond markets. In July Manchester issued a £300m bond, while both Cambridge and De Montfort universities secured private funding through the sale of bonds in 2012.
2 minute read

International Edition

Slaughters bumps up bonuses as new appraisals system kicks in

Slaughter and May has increased the bonuses it pays to its fee earners and staff, with associates now set to earn up to 12% on top of their regular pay package. The firm brought in a new appraisal process for its associates earlier this year in a move to bring in merit-linked pay, resulting in "some differentiation" in discretionary bonuses paid to fee earners.
2 minute read

International Edition

CMS consults on flexi-working to retain talent and boost gender diversity

CMS Cameron McKenna is consulting on how to improve its flexi-working options for fee earners, in a bid to improve its talent retention and career progression for women at the firm. The firm has been hosting roundtable discussions with associates to gather opinions, as well as one-on-one meetings with partners, with findings to be presented to the board early next year. The consultation is being overseen by director of people Jenni Emery, head of international capital markets Daniel Winterfeldt, who is also the firm's diversity and inclusion partner, and strategic projects and inclusiveness manager Jay Wetterau.
2 minute read

International Edition

TLT's Manchester office hires 30-strong team from Irwin Mitchell

TLT has boosted its Manchester office with the hire of a 30-strong team - including six partners - from Irwin Mitchell. The multi-practice group, which also includes solicitors, paralegals and support staff, will move to TLT before the end of the year.
2 minute read

More from ALM

Resources

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now

  • Technology to Make E-Discovery Smarter, Not Harder

    Brought to you by Nuix

    Download Now

  • Does Generative AI Have the Power to Transform Legal Services?

    Brought to you by HaystackID

    Download Now