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  • June 21, 2007 |

    Dentons in local tie-up for coveted Saudi market

    Denton Wilde Sapte has secured a prized tie-up with a Saudi Arabian practice as it becomes the latest City firm to launch an associated office in Riyadh. The firm has joined forces with Saudi lawyer Wael Abdulrahman Alissa and hired local Fulbright & Jaworski corporate and commercial senior associate Amgad Husein as a partner to lead the new venture. Husein is US-qualified and has practised in the Middle East since 1999. The firm is planning more hires in coming months.

    1 minute read

  • June 14, 2007 | International Edition

    Orrick fights back in Paris with Shearman raid

    Orrick Herrington & Sutcliffe has strengthened its Paris tax offering following a raid on US rival Shearman & Sterling. Tax partner Isabelle Chauvet joins the West Coast giant as a partner in the French capital, following the departure last month of Orrick's respected local tax head, Stephane Salou, who moved to Norton Rose.

    1 minute read

  • June 13, 2007 | International Edition

    Simmons and Camerons latest to exceed £500k PEP barrier

    City duo Simmons & Simmons and CMS Cameron McKenna have both broken the £500,000 profits per equity partner (PEP) barrier for the first time, taking the number of top firms to have hit the figure for the first time to seven so far this year.

    1 minute read

  • June 12, 2007 | International Edition

    Dentons hikes NQ pay 17% but still lags rivals

    Denton Wilde Sapte has unveiled double-digit pay rises for its trainees and associates, bringing the firm closer to the rates recently announced by City rivals. The top 20 UK firm today (12 June) confirmed it has lifted its salaries for newly-qualified lawyers from £53,000 to a new mark of £62,000 - an increase of nearly 17%.

    1 minute read

  • June 7, 2007 | International Edition

    Camerons becomes seventh UK firm to break £500,000 PEP this year

    CMS Cameron McKenna has become the seventh UK firm to break the £500,000 profits per equity partner (PEP) barrier so far this year, posting a 5.5% rise for the past financial year. The City firm has announced PEP of £502,000 for the financial year, up from £476,000 last year. Revised turnover now stands at £197.4m, up 6.5% from last year's value of £185.3m.

    1 minute read

  • May 22, 2007 | International Edition

    Ashurst ups NQ salaries by 16% to £64k

    Ashurst has upped its associate salaries, with the City giant matching firms including Linklaters and Herbert Smith to pay its newly-qualified solicitors £64,000. The pay-rise, effective from the start of this month, represents a 16% increase on last year's rate of £55,000.

    1 minute read

  • May 14, 2007 | International Edition

    Lovells hikes NQ pay to £63,500 to match CC

    Lovells has become the latest City firm to up its associate salaries, with the top 10 UK outfit boosting its rate for newly-qualified lawyers by 15% to £63,500. The hike is Lovells' second pay-rise for newly-qualified lawyers in the last year, having raised salaries from last May's £53,000 to a new mark of £55,000 in November.

    1 minute read

  • May 2, 2007 | International Edition

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 |

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 | International Edition

    Simmons promotes 13 but just three in City

    Simmons & Simmons has announced its partner promotions for this year, with its finance and Italian practices the main beneficiaries as the City firm promotes 13 lawyers to its partnership. Simmons announced the promotions today (2 May), with four new partners promoted in Milan, ahead of the firm's City headquarters, which received just three promotions.

    1 minute read