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International Edition

Links, Travers and Shoosmiths come out top in associate satisfaction poll

Linklaters and Norton Rose Fulbright have been rated as the law firms that associates at rivals would most like to work for, according to new research by Legal Week. Legal Week Intelligence's flagship Employee Satisfaction Report (ESR) this year found the pair ranked ahead of Slaughter and May, Allen & Overy (A&O) and Pinsent Masons as the five most popular firms to work for, as rated by peers at rival law firms. Norton Rose, A&O and Slaughters have been in the top five for the last three years of the survey, while Pinsents and Linklaters are new entrants this year, replacing Berwin Leighton Paisner and Clyde & Co.
3 minute read

International Edition

Dealmaker: Sue Prevezer QC

Quinn Emanuel's joint London chief on promoting women, money laundering and silk underwear
4 minute read

International Edition

Laying down the law – how employers can avoid the pitfalls of social media

Social media risk is not as exotic as it sounds. Many of the dangers organisations face from their own and their employees' use of social media are old risks in new channels. But we know that our clients need help and advice implementing robust social media policies and management frameworks. Because of this, we recently set-up a multi-disciplinary group to analyse and assess the legal risks associated with social media. Here are our recommendations: Consider three categories of use Social media risks aren't new. They are similar to – but potentially more extreme than – email risks. Just as an email can be forwarded, social media content can be republished. It can rapidly reach a huge audience: in the UK, Twitter has 10m active users and Facebook more than 30m, and the global figures are 200m and 1bn respectively. What may look like a small-scale incident can quickly escalate into hefty costs and damage to your reputation. You need to consider these three categories of use in order to get a good picture of your organisation's potential social media risks:
5 minute read

International Edition

How to turn clicks into clients – the dos and don'ts of thought leadership campaigns

Positive referrals and relationships will always play an important part in generating new business for law firms, but they will not always deliver a consistent flow of work for future growth. In an increasingly competitive market, many law firms have turned to harnessing and distributing online thought leadership exercises to attract the attention of new clients. Unfortunately a lot of firms are still not familiar enough with the available technologies to track any potential interest successfully. Others are cautious about using data capture techniques to generate new leads, fearing that it will deter readers.
9 minute read

International Edition

Charity forged by College of Law sale hands out first law grants

The Legal Education Foundation (LEF) - the charitable arm spun out of last year's sale of the College of Law - has formally launched with a series of six grants to initiatives supporting pro bono, social mobility and access to justice. LEF - which has funds of approximately £200m generated by last April's sale of the College of Law's education and training business to Montagu Private Equity - was set up to continue the College's charitable activities in the wake of the takeover.
3 minute read

International Edition

A&O, Nabarro, Addleshaws advise on UK Coal rescue deal

Nabarro, Addleshaw Goddard and Allen & Overy (A&O) have won roles on a rescue deal the saw the UK's largest coal miner file for administration. Birmingham High Court appointed PriceWaterhouseCoopers (PwC) partners David Kelly, Robert Hebenton and Ian Green as joint administrators of UK Coal yesterday (9 July) following an application made by UK Coal directors.
2 minute read

International Edition

K&L Gates recruits White & Case PPP/PFI chief for London office

K&L Gates has hired White & Case partner and London PPP/PFI practice head Anthony Fine to its energy, infrastructure and resources (EIR) team. Fine, who has more than 30 years of international experience in projects and project finance work, joined the firm on Monday (7 July).
2 minute read

International Edition

US trio lead on buyout of Times Educational Supplement publisher

Cleary Gottlieb Steen & Hamilton, Shearman & Sterling, Simpson Thacher & Bartlett and Travers Smith have all taken roles on private equity house TPG Capital's acquisition of Times Education Supplement (TES) publisher TSL Education, from Charterhouse Capital. The deal, which makes TPG the fourth owner of the business in eight years, is reported to be worth around £400m and is expected to close in the third quarter of 2013.
2 minute read

International Edition

Trowers & Hamlins profits take a hit as 2012-13 revenue dips

Trowers & Hamlins has seen a dip in profits per equity partner (PEP) of 14% over the last year on the back of a drop in revenues and net profit. PEP for the 2012-13 year has slipped from £358,00 to £307,000 over the year, with net profit at the firm dropping 23% from £18.8m to £14.5m. Meanwhile the firm's revenue fell by 3% from £80.8m to £78.3m globally. The UK arm's net profit fell from £20.1m last year to £15.8m, marking a 21% drop in figures. Those at the top end of the equity earned £412,000, down by 17% on £496,000, while those at the bottom saw salaries fall by the same percentage from £198,000 to £165,000.
2 minute read

International Edition

Farrers breaches £50m barrier with 2% climb in revenue

Farrer & Co has seen revenues hit £50m with a 2.4% increase for the 2012-13 financial year. The firm saw revenues increase to £50.8m from £49.6m in 2011-12, while profits per equity partner (PEP) now stands at £427,000 compared with £419,000 last year - an increase of 1.9%. The firm's equity ranges from £265,000 at the bottom to £560,000 for top earners.
2 minute read

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