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  • September 9, 2009 |

    Pinsents signs deal to broker litigation insurance

    Pinsent Masons has sealed a groundbreaking deal with a major insurer that makes it one of the first major law firms with authority to broker after-the-event (ATE) insurance for commercial litigation clients. The national law firm signed a deal with FirstAssist Legal Protection to launch a package called CaseCover earlier this month (1 September). The package gives the firm delegated authority to insure an unlimited number of commercial litigation cases.

    1 minute read

  • September 9, 2009 |

    RBS puts select firms on fast track; Nestle unveils UK counsel

    Royal Bank of Scotland (RBS) has invited a handful of its closest legal advisers to 'fast-track' its general legal review, it has emerged, guaranteeing a group of core firms places on its coveted panel. The bank contacted a number of its key advisers earlier this summer inviting them to join the panel early providing they agreed to basic terms on fees, rather than waiting until the full review is completed later this year. It is thought Allen & Overy (A&O), Linklaters, Ashurst and Denton Wilde Sapte are among those invited to take part.

    1 minute read

  • September 9, 2009 |

    Sodexo unveils nine firm roster

    Nine law firms have scored roles on food and facilities management services group Sodexo's new legal panel. Top 25 firms Ashurst, Eversheds, DLA Piper, SJ Berwin and Beachcroft have all won spots on Sodexo's UK & Ireland panel, while Davenport Lyons, Devonshires, Lindsays and Shadbolts have also won roles.

    1 minute read

  • September 1, 2009 |

    Pinsents hires Ashurst vet for transport push

    Pinsent Masons has strengthened its international projects team with the hire of Ashurst head of transport Raymond Beven. Beven, who will join the national law firm as a partner in its London office later this month, will lead Pinsents' transport team, which sits within the projects and international construction group.

    1 minute read

  • September 1, 2009 |

    Pinsents Hong Kong partner joins Lovells in Singapore

    Pinsent Masons has lost a partner in Hong Kong, with construction disputes specialist Paul Teo set to relocate to Singapore to join Lovells. Teo joins the top 10 UK law firm later this month, where he will be part of the infrastructure and construction group and the office's arbitration practice.

    1 minute read

  • August 11, 2009 |

    Mishcons finalises redundancy consultation with 16 staff laid off

    Mishcon de Reya has completed its second redundancy consultation with 16 people losing their jobs. The consultation, which concluded in July, has seen eight support staff lose their jobs alongside eight fee earners in the firm's corporate and real estate groups. No salaried partners were affected by the redundancies.

    1 minute read

  • August 4, 2009 |

    Five-year financial figures show elite UK firms maintaining growth despite tough 12 months

    The past five years have seen a dramatic period of growth for the UK's top 25 law firms, despite many suffering steep drops in profitability during the past financial year. Research by Legal Week shows that between 2003-04 and 2008-09, the top 25 UK law firms have averaged a 57.8% increase in turnover and a 38% increase in profits per equity partner (PEP), with turnover growing from an average of £262,820 in 2003-04 to its current figure £414,868. PEP, meanwhile, has risen from an average of £448,720 to £619,640.

    1 minute read

  • August 4, 2009 |

    Pinsents mulls over autumn partner cash call

    Pinsent Masons is considering asking its partners to contribute extra capital to the firm in an effort to shore up its finances. The national firm is currently consulting with partners about whether it should conduct a cash call in the autumn. It is also debating whether it should increase the amount of money partners are expected to contribute to the firm per equity point when they join the equity and as they move up through the lockstep.

    1 minute read

  • August 4, 2009 |

    Pinsents leads for HSBC on £200m MBO

    Pinsent Masons has taken a role advising HSBC Private Equity on one of the largest private equity deals in Europe so far this year. The firm was one of four national firms to secure a role on the management buyout (MBO) of offshore oil and gas mooring company Viking Moorings, with HSBC Private Equity buying the company from Inflexion Private Equity for around £200m.

    1 minute read

  • July 30, 2009 |

    Removing the human interference

    Do you want to know how your customer relationship management (CRM) database could do much of your marketing admin for you, as well as automatically ensure you target the right people with the right information at the right time and in the right way? Let's take a look at one contact in your CRM database. James is a good contact - he is in a position to instruct your firm, so he's someone you communicate with regularly.

    1 minute read