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  • May 9, 2008 |

    Ashurst fees up 17% to smash £300m mark

    Ashurst has posted a 17% increase in turnover to smash through the £300m barrier, joining top 10 City rival Simmons & Simmons in announcing a double-digit increase in revenue. The firm raked in fees totalling £323m for 2007-08, during which time the firm has made a series of hires in Europe and Asia, overhauled its lockstep and converted to a limited liability partnership.

    1 minute read

  • May 9, 2008 |

    ...Legal Week Lunchbox: 9/05/08...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts; news from the States in the latest US Briefing; and much more

    1 minute read

  • May 8, 2008 |

    UK trio become LLPs with only two top 10 firms yet to convert

    Freshfields Bruckhaus Deringer, Macfarlanes and Hammonds have become the latest law firms to convert to limited liability partnership (LLP) status. All three firms converted with effect from 1 May, leaving just a handful of top City players to convert - with Slaughter and May and Simmons & Simmons now the only top 10 City firms not operating as LLPs.

    1 minute read

  • May 8, 2008 |

    Indian Bar to visit UK for reform talks as long-running foreign firm dispute delayed

    The Bar Council of India is set to visit the UK later this month, as the longstanding talks about opening up the country's legal market to foreign law firms continue. The news comes as it emerges that a crucial court case, scheduled to take place at the end of last month, has been pushed back until the summer.

    1 minute read

  • May 7, 2008 |

    Ashurst hires new risk management director

    Top 10 City firm Ashurst has appointed litigation partner Chris Vigrass to the newly-created role of director of risk management. His responsibilities will include overseeing the internal legal function. The position will eventually be full time, with Vigrass set to hand over his client responsibilities to fellow litigation partners Timothy Reid and Ronnie King. The three partners previously divided the internal risk responsibilities between them.

    1 minute read

  • May 2, 2008 | International Edition

    Freshfields finalises Euro LLP conversion

    Freshfields Bruckhaus Deringer has converted to limited liability partnership (LLP) status, with effect from yesterday (1 May). The move means Slaughter and May is now the only magic circle firm choosing not to operate as an LLP.

    1 minute read

  • May 2, 2008 |

    Freshfields finalises Euro LLP conversion

    Freshfields Bruckhaus Deringer has converted to limited liability partnership (LLP) status, with effect from yesterday (1 May). The move means Slaughter and May is now the only magic circle firm choosing not to operate as an LLP.

    1 minute read

  • May 1, 2008 |

    Hammonds latest to seal LLP switch

    Hammonds has become the latest firm to convert to a limited liability partnership (LLP), the national giant announced today (1 May). The conversion to LLP status, which was backed via a partner vote last month, protects both full equity partners and fixed-share partners, though voting rights and internal management will remain the same under the new structure.

    1 minute read

  • May 1, 2008 |

    UK firms eye Singapore opportunities as local-law licences go up for grabs

    A raft of City firms are hoping to expand their presence in Singapore by applying for licences to practise local law in the country. Legal Week has learned that DLA Piper, Lovells, Ashurst, Herbert Smith and Norton Rose are all planning to apply for licences to provide local-law advice in Singapore. However, Linklaters and Freshfields Bruckhaus Deringer have told Legal Week they have no plans to do so, while Clifford Chance (CC) is intending to hold off making a decision until it sees further details from the Singapore Government.

    1 minute read

  • April 25, 2008 |

    Lovells in talks to recruit O'Melveny heavyweight

    Lovells is in talks to bolster its London corporate practice with the hire of O'Melveny & Myers partner Chris Ashworth. Partners at Lovells are understood to be voting on the hire at the moment but it is thought that Ashworth is likely to join the firm as head of corporate finance.

    1 minute read