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  • July 25, 2011 |

    Addleshaw makes 31 back office job cuts as Leeds private equity partner exits firm

    Addleshaw Goddard has finalised a redundancy round in its business services function which has resulted in 31 job cuts. The layoffs, effective at the end of June, came after a 30-day consultation the firm announced in May this year which saw 40 support roles placed under review. No fee earners were affected by the cuts.

    1 minute read

  • July 21, 2011 |

    Group of former Halliwells partners hit with £21m High Court claim

    Halliwells' administrators have launched a claim in the High Court against a group of former partners in a bid to reclaim more than £21m gained through a controversial 'reverse premium' property payout. BDO launched the claim against Halliwells' former chairman Ian Austin (pictured) and 31 other ex-partners in the Chancery Division of the High Court earlier this month (4 July).

    1 minute read

  • July 20, 2011 |

    Nationals and regionals: Addleshaws sees financials fall as rest of top 10 holds steady

    Addleshaw Goddard has emerged as the only top 10 national or regional law firm to see a decline in both revenue and profits in 2010-11 – a year when the group mirrored the marginal increases in profits and turnover seen across the top 50 as a whole.

    1 minute read

  • July 20, 2011 |

    Bird & Bird, Clydes and Freshfields emerge as star performers over five-year run

    Bird & Bird, Clyde & Co, Freshfields Bruckhaus Deringer and DLA Piper have emerged among the best-performing firms in the top 25 over the last five years, but Legal Week research confirms that many smaller firms have outpaced their larger rivals in growth terms. Of the UK's top 25 law firms, Bird & Bird has seen the largest percentage jump in revenues since 2005-06, rising 121.9% from £96.7m five years ago to £214.6m in 2010-11.

    1 minute read

  • July 20, 2011 |

    Continued volatility and more mergers – senior lawyers see a hard road ahead

    Leaders across the top 50 reflect on 2010-11 and predict better performance but no quick return to easy growth

    1 minute read

  • July 7, 2011 |

    Simmons sees revenues dip 3% with partner profits broadly static

    Simmons & Simmons has reported a small drop in fee income for 2010-11 to £243m, with profits per equity partner (PEP) dipping marginally to £460,000. The City firm's turnover is down 3% on last year's figure of £251m, with PEP seeing a drop of less than 1% from the 2009-10 figure of £461,000.

    1 minute read

  • July 1, 2011 |

    Elite US trio added to Barclays panel after review of bank's advisers

    Barclays has added three US firms to its general advisory panel, following a comprehensive panel review intended to increase value for money from the bank's regular advisers. Cleary Gottlieb Steen & Hamilton, Shearman & Sterling and Sullivan & Cromwell have been added to the bank's main general advisory panel after Barclays decided to include the creation of a US sub-division for the first time.

    1 minute read

  • June 29, 2011 |

    Large firms set to lose out as Kingfisher seeks panel savings

    Home improvement giant Kingfisher is planning to slash the number of large law firms it uses, as part of a panel review intended to help the company maximise its legal spend. Kingfisher, which owns brands including B&Q and Screwfix, is mid-way through the review, which is expected to see the company scale-back the number of leading international law firms on 
its roster from 10 firms to around four.

    1 minute read

  • June 29, 2011 |

    Senior banking partner quits SNR Denton to join Norton Rose

    SNR Denton London banking partner Michael Black is set to leave the firm to join Norton Rose. Black, who is co-head of SNR Denton's financial institutions and funds sector group, joined legacy Denton Wilde Sapte in 2003 from Theodore Goddard (now Addleshaw Goddard), where he had been the firm's head of banking. He originally qualified as a barrister and lawyer in New Zealand in 1992 and has been working in London since 1995.

    1 minute read

  • June 22, 2011 |

    Legacies lost - can Addleshaws regain that old polish?

    Lauded as one of the most promising mid-market players in the UK until recently, Addleshaw Goddard has run into the unfamiliar ground of poor growth and internal tensions. Georgina Stanley and Simon Petersen ask if the firm can regain that old polish

    1 minute read