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  • July 17, 2009 |

    Pinsents partner profits fall by 36% as firm confirms layoffs

    Pinsent Masons has posted a 36% drop in profits, with average profits per equity partner (PEP) falling to £310,000. The drop saw the national firm's PEP fall from £486,000 in 2007-08, with the decline coming against a slight increase in turnover. Revenues grew by 1% to £215m in 2008-09, compared with £213m the previous year.

    1 minute read

  • July 9, 2009 |

    GE appoints CC and Ashurst to Europe adviser roster

    General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles including Clifford Chance, Allen & Overy (A&O), Ashurst and Norton Rose.

    1 minute read

  • July 9, 2009 |

    Addleshaws wins key Barclays role as bank confirms new panel line-up

    Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel.

    1 minute read

  • July 2, 2009 |

    GE appoints CC and Ashurst to Europe adviser roster

    General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst. DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster.

    1 minute read

  • July 2, 2009 |

    Addleshaws wins Barclays role as bank confirms new panel line-up

    Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel. The national firm joins Allen & Overy, Clifford Chance , DLA Piper, Freshfields Bruckhaus Deringer, Linklaters, Lovells and Simmons & Simmons on the bank's general advisory roster, with Barclays also appointing a string of firms to 10 specialist panels.

    1 minute read

  • June 23, 2009 |

    Partnership for Schools unveils expanded 17-firm panel

    Partnership for Schools (PfS), the delivery body for the Government's Building Schools for the Future (BSF) initiative, has unveiled the firms on its new legal panel. Seventeen law firms feature on the roster. They are: Addleshaw Goddard, Beachcroft, Bevan Brittan, Burges Salmon, Dickinson Dees, DLA Piper, Eversheds, Mills & Reeve, Nabarro, Norton Rose, Pinsent Masons, Sharpe Pritchard, TPP Law, Trowers & Hamlins, Walker Morris, Ward Hadaway and Wragge & Co.

    1 minute read

  • June 22, 2009 |

    Pinsents to outsource litigation work to South Africa

    Pinsent Masons has signed an outsourcing deal which will see the top 20 UK firm send litigation work to South Africa. The major regional player has launched a litigation support service in co-operation with global legal processing outsourcing provider Exigent, with the work to be undertaken by qualified lawyers in Exigent's outsourcing centre in Cape Town. Pinsents has outsourced document processing to Exigent for a number of years, but will now also see the company provide a data review and e-disclosure capability for its 360-lawyer litigation practice.

    1 minute read

  • June 18, 2009 |

    Banking regulation: Involuntary regulation

    Despite much industry support for the current voluntary regime of regulation of retail banking business, the days of self-regulation under the Banking Codes are numbered. On 1 November, 2009, the Financial Services Authority (FSA) will implement the new Banking and Payment Services Conduct Regime including a new Banking Conduct of Business Sourcebook (BCOBS). So what, in practise, does BCOBS mean for the future of UK retail banking?

    1 minute read

  • June 18, 2009 |

    Pinsents rolls out cost-cutting plans; Wragges to make up to 85 layoffs

    Pinsent Masons has announced a package of cost-cutting measures in an effort to avoid widespread job cuts, while national rival Wragge & Co has launched a redundancy consultation that could claim up to 85 positions on the back of a poor financial year. Pinsents, which has yet to make any redundancies, confirmed last week (11 June) that a number of jobs are under threat despite a cost-cutting scheme that includes sabbaticals and part-time working.

    1 minute read

  • June 18, 2009 |

    Pinsents/Salans alliance yields results with role on Hiscox TMT pilot scheme

    Pinsent Masons has won its first major mandate since launching a strategic alliance with Salans, with the law firm securing a role as sole adviser in a value billing pilot scheme for insurance giant Hiscox. The firm has been selected to take part in a 12-month pilot scheme that will see it take on all technology disputes work for Hiscox using alternative billing structures.

    1 minute read