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  • July 10, 2008 | International Edition

    Magic circle trio break into profits top 10 as City firms move up Global 100

    Profits per equity partner (PEP) at top US law firms still narrowly exceed key UK rivals - despite the significant increases the magic circle have achieved in turnover and profitability in recent years. Figures compiled by Legal Week and The American Lawyer show that just three UK firms make it into the global top 10 by PEP - Slaughter and May, Linklaters and Freshfields Bruckhaus Deringer. In contrast, seven US firms make the grade - headed by elite firm Wachtell Lipton Rosen & Katz.

    1 minute read

  • July 10, 2008 |

    Magic circle trio break into profits top 10 as City firms move up Global 100

    Profits per equity partner (PEP) at top US law firms still narrowly exceed key UK rivals - despite the significant increases the magic circle have achieved in turnover and profitability in recent years. Figures compiled by Legal Week and The American Lawyer show that just three UK firms make it into the global top 10 by PEP - Slaughter and May, Linklaters and Freshfields Bruckhaus Deringer. In contrast, seven US firms make the grade - headed by elite firm Wachtell Lipton Rosen & Katz.

    1 minute read

  • July 8, 2008 |

    BLP builds real estate with Pinsents partner hire

    Berwin Leighton Paisner (BLP) has bolstered its real estate practice with the hire of Pinsent Masons partner Andrew Yates. Yates, who has been at Pinsents since 1994, joins the City firm as co-head of its regeneration and public sector practice alongside Lesley-Anne Avis.Yates' main area of practice is property development and funding, although he also works on commercial property issues and in the leisure and retail sectors. In the past he has worked with clients including English Partnerships and Wolverhampton City Council.

    1 minute read

  • July 8, 2008 |

    ...Legal Week Lunchbox: 08/07/08...

    The five most popular articles on legalweek.com today, plus the pick of the day's posts

    1 minute read

  • July 7, 2008 |

    Ashurst breaks £1m PEP mark with 9% rise

    Ashurst has become the latest firm to break through the £1m barrier for profits per equity partner (PEP), announcing a rise of 9% on last year. The top 10 firm's PEP is up from £956,000 last year to £1.04m, with partners at the top of the lockstep set to earn £1.46m and those at the bottom £560,000.The news follows the firm's announcement in May that it had posted a 17% increase in turnover to smash through the £300m barrier.

    1 minute read

  • July 1, 2008 |

    Travers partnership votes in LLP conversion

    City firm Travers Smith has become the latest firm to convert to a limited liability partnership (LLP). The conversion takes effect from today (July 1) and will apply to the firm's office in London. The practice's Paris office will become an AARPI, the French equivalent of an LLP.The move follows a partnership vote in May. The LLP will apply to both equity and non-equity partners.

    1 minute read

  • July 1, 2008 |

    Swedish indie makes Ashurst real estate hire

    Swedish independent law firm Magnusson has boosted its real estate team with the recruitment of a new head. Magnus Bjorkander has joined the practice from Ashurst and will lead the Stockholm-based team from today (1 July).Magnusson senior partner and founder Per Magnusson said: "Magnus Bjorkander's extensive experience fits perfectly with our capabilities in Sweden and also makes him a true asset to our dynamically growing firm-wide real estate practice.

    1 minute read

  • June 26, 2008 |

    O'Melveny relocates global M&A head to City corporate

    O'Melveny & Myers has moved to rebuild its London corporate team with the relocation of the firm's worldwide M&A head to the City. Greg Gilbert will move to London from New York after the summer, although his moving date is still to be decided. His relocation will take the number of corporate lawyers in O'Melveny in London to four partners and around 16 associates.

    1 minute read

  • June 25, 2008 |

    William Hill slashes panel in latest review

    Bookmaker William Hill has cut down its panel of legal advisers in its latest review. General counsel Thomas Murphy led the review which has seen Pinsent Masons, Ashurst and Addleshaw Goddard appointed to the panel. The company previously used around 10 law firms under Murphy's predecessor, Helen Grantham.

    1 minute read

  • June 23, 2008 |

    SEO launches ethnic minority intern scheme

    The Sponsors for Education Opportunity (SEO) has developed a new corporate law internship programme. The internship, the first of its kind in the UK for the SEO, will combine mentoring and training, as well as summer vacation placements. The programme is aimed at penultimate and final-year undergraduate students from ethnic minority backgrounds. Ashurst, Berwin Leighton Paisner, Herbert Smith and Freshfields Bruckhaus Deringer are among the firms taking on SEO interns.

    1 minute read