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  • July 6, 2010 |

    Pinsents seals joint venture deal with Singapore association firm

    Pinsent Masons has entered into a joint venture with Singapore ally MPillay that will allow the firm to practise aspects of local law in the region. The new venture, which will be called Pinsent Masons MPillay, will see both firms share profits. MPillay founder and managing partner Mohan Pillay will become a partner at Pinsents and the UK firm will relocate partner Jon Howe and senior associate Wei Yaw Lam from its Hong Kong office to support the new venture.

    1 minute read

  • June 30, 2010 |

    The super panel - local authority legal teams fight back after public sector cuts

    With Chancellor George Osborne last week announcing dramatic spending cuts over the current Parliament, there can be little doubt that public sector workers are gearing up for tougher times. But lawyers, at least, can claim to have made some pre-emptive moves to address the expected age of austerity. One response has been the trend of individual local authorities coming together to share services. This has been extended to buying legal services through the recent series of combined panels - effectively cross-authority panels that allow groups of local bodies to pool their buying power and cut administration.

    1 minute read

  • June 23, 2010 |

    Pinsents sees PEP jump by a third as turnover falls 4%

    Pinsent Masons has unveiled a £100,000 jump in profits per equity partner (PEP) as the top 20 UK law firm becomes the latest to reveal its financial results for the 2009-10 financial year. Pinsents' profits increased by 32% to £410,000 over the last financial year, up from £310,000 during the 2008-09.

    1 minute read

  • June 16, 2010 |

    Public sector to feel the pinch as Government tackles deficit

    Interesting, challenging, tough - words everyone working in the private sector has become used to over the last two years. But its now the turn of lawyers covering the public sector to dig up the austerity-related euphemisms as the new coalition Government pushes on with its plans to reel in the UK's yawning budget deficit. As Paul Gilbert, chief executive of consultant LBC Wise Counsel, comments: "The private sector and big corporates have been through high-profile redundancies and cuts - now it is the public sector's time to see the squeeze."

    1 minute read

  • June 10, 2010 |

    Pinsents, Wragges and DLA among firms to win panel roles for SE boroughs consortium

    A line-up of more than 20 City and national firms have been appointed to the legal panel of a consortium of London and Kent boroughs. The successful firms include Wragge & Co, Pinsent Masons, DLA Piper, Trowers & Hamlins and Dickinson Dees, after more than eighty competed for places on the panel.

    1 minute read

  • June 9, 2010 |

    Taylor Wessing hires international finance partner from K&L Gates

    Taylor Wessing has expanded its international finance group with the hire of K&L Gates partner Richard Williamson. Williamson will join the Anglo-German law firm's London office in early July, after serving his notice period at K&L Gates.

    1 minute read

  • June 9, 2010 |

    Walker Morris secures lead role on £778m sale of Netto to Asda

    Walker Morris has taken a lead role on the £778m sale of Netto Foodstores to Asda. The Leeds-based firm advised Danish retail group Dansk Supermarked, a long-term client, on the sell-off of its Netto subsidiary to Asda, which is owned by US giant Walmart.

    1 minute read

  • June 9, 2010 |

    Pinsents and Salans move to 'ramp alliance up a notch'

    Pinsent Masons and Salans are taking steps to extend their alliance in a move that could see the firms' relationship become exclusive. The two firms' management met last month in Paris to discuss how they can progress the relationship. While neither firm ruled out a future merger, current discussions centre on how the two firms can work more closely together, including discussing making the year-old alliance exclusive.

    1 minute read

  • June 1, 2010 |

    Three-year decline in equity ranks boosts partner profits by £26k

    Rising numbers of salaried partners at the UK's leading law firms have inflated partner profits by an average of £26,000 across the top 30, according to Legal Week research. Alongside contracting equity ranks, profits per equity partner (PEP) at the UK top 30 firms would have stood at an average of £26,000 less in 2009 if the proportion of salaried partners had remained at 2007 levels.

    1 minute read

  • May 26, 2010 |

    Regional development agencies early victims of public spending cuts

    Sweeping curbs on public spending are set to have an early impact on the legal sector, with the Government this week announcing deep cuts in regional development agencies (RDAs) as part of an initial £6.2bn round of cuts. England's nine RDAs will lose £270m this year - roughly 20% of their budget.

    1 minute read