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  • April 4, 2013 |

    Addleshaw Goddard - ValueDynamics

    ValueDynamics, published by Addleshaw Goddard, is the first ever 'best practice' toolkit for General Counsel and Heads of Legal. Drawing on the experiences of 25 well-respected General Counsel, we have sought to describe the many and varied challenges facing GCs, and provide an evolving, practical toolkit of how best to structure, align and lead in-house legal functions.

    1 minute read

  • March 28, 2013 |

    Wragges, Field Fisher and Shoosmiths announce partner promotion rounds

    Wragge & Co and Shoosmiths have announced their new partner promotions, with both regional firms confirming slightly smaller rounds than last year. News of their promotions came as Field Fisher Waterhouse today (28 March) confirmed a six-strong haul split between London, Munich and Brussels. Wragges is making up two directors to partner from 1 May - compared with a trio of new partners last year. The promotions will see Birmingham intellectual property lawyer Kate Swaine and construction specialist Daniel Wood joining the partnership.

    1 minute read

  • March 27, 2013 |

    Addleshaws ramps up paralegal hiring with 30 set to join in three months

    Addleshaw Goddard is set to increase the size of its Manchester transaction services team (TST) by almost 50% over the coming months, as it looks to step up the amount of work carried out by the paralegal service. The firm is planning to hire 10 paralegals each month for the next three months, in a recruitment drive intended to bring headcount to 100. The team has already grown from five to 70 paralegals since launch in 2010, and the firm is considering relocating it to a separate Manchester base. The increase in manpower comes as part of a firmwide efficiency drive intended to result in the TST delivering at least 10% of its work by 2015.

    1 minute read

  • March 27, 2013 |

    Crunching the numbers - going behind the headline figures to look at the top 30's financial health

    Caroline Thorpe pores over the top 30 UK firms' LLP accounts covering the past two financial years and assesses their performance during the ongoing financial storms

    1 minute read

  • March 26, 2013 |

    Addleshaws makes up eight to partnership across UK offices

    Addleshaw Goddard has made up eight partners in its latest round of partner promotions, an increase on last year's round of six. Half of the promoted lawyers are based in the firm's London office with Louisa Caswell (litigation), Jon Cheney (professional practices), Alex Dumphy and Steve Mackie (both banking) all set to join the firm partnership as of 1 May.

    1 minute read

  • March 25, 2013 |

    Withers and Speechly Bircham confirm preliminary merger talks

    Withers and Speechly Bircham have confirmed that they are in early stage talks over a possible combination that could create a top 25 firm with revenues of around £170m. The firms issued a joint statement today confirming preliminary discussions are taking place after RollonFriday first reported the pair were talking about a combination on Friday (22 March).

    1 minute read

  • March 21, 2013 | International Edition

    Down payment – should firms face up to reality and cut NQ pay?

    A report this week by City recruitment company Edwards Gibson arguing that law firms need to reassess pay for junior lawyers is particularly timely, given our cover story today. The recruiter's claim that top law firms should consider substantially cutting newly qualified salaries comes as Legal Week research shows staff costs at the UK's leading law firms are continuing to soar, with total costs across the bulk of the top 30 up 7% year-on-year to a grand total of £4.5bn – well over a third of total fee income.

    1 minute read

  • March 21, 2013 |

    Down payment – should firms face up to reality and cut NQ pay?

    A report this week by City recruitment company Edwards Gibson arguing that law firms need to reassess pay for junior lawyers is particularly timely, given our cover story today. The recruiter's claim that top law firms should consider substantially cutting newly qualified salaries comes as Legal Week research shows staff costs at the UK's leading law firms are continuing to soar, with total costs across the bulk of the top 30 up 7% year-on-year to a grand total of £4.5bn – well over a third of total fee income.

    1 minute read

  • March 21, 2013 |

    Staff costs soar as top UK firms pay out almost 50% of revenues

    The UK's top 30 law firms spent almost half of their combined turnover on staff costs during the last financial year, with the total bill coming to £4.5bn. Legal Week analysis of limited liability partnership (LLP) accounts filed with Companies House for the 2011-12 financial year shows total staff costs for both lawyers and support staff accounted for 42% of fee income, with the total amount spent rising by 7.3% year-on-year.

    1 minute read

  • March 21, 2013 |

    Simmons makes double City partner hire from K&L Gates

    Simmons & Simmons has made a double partner hire from K&L Gates' London office, taking on the US firm's UK heads of pensions and employee incentives. Pensions partner Danny Tsang and employment partner Ian Fraser have joined Simmons' City employment and benefits team, taking the total partner count in the group to 10. Tsang has been at K&L Gates since 2007, when he joined from McDermott Will & Emery to launch a London pensions practice for the firm. His practice covers plan restructurings and corporate pensions strategies, as well as pensions aspects relating to corporate transactions, business recovery and restructuring.

    1 minute read