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  • June 12, 2008 |

    BLP hikes NQ pay to £65,000

    Berwin Leighton Paisner (BLP) has handed its newly qualified (NQ) solicitors a salary hike of around 5%, taking its rates close to magic circle levels. The above-inflation rise takes NQ pay at the top 20 UK firm to £65,000 - putting it on par with Allen & Overy, which this year froze NQ rates.

    1 minute read

  • June 12, 2008 |

    Nabarro recruits to build up Sheffield construction

    Nabarro has beefed up its Sheffield construction practice with a partner hire from a local firm. James Duckworth joins the Sheffield arm of Nabarro from Hull law firm Andrew Jackson, where he was head of construction. Before joining Andrew Jackson in 2004, Duckworth had worked at Freshfields Bruckhaus Deringer and Hammonds.Duckworth specialises in large-scale property development and private finance initiatives.

    1 minute read

  • June 12, 2008 |

    In-house lawyers warn of knock-on effects of private practice pay-hikes

    In-house counsel have hit out at "unsustainable" rises in salaries for private practice lawyers, arguing that they will lead to an unwelcome increase in charge-out rates. Their fears come after Legal Week research last week revealed that three-quarters of partners at leading City firms said they think fees will increase over the coming year, with nearly a fifth claiming clients should prepare themselves for above-inflation rises.

    1 minute read

  • June 12, 2008 |

    An Audience With...

    Jeremy Hand chairman of the British Private Equity & Venture Capital Association talks to Allen & Overy senior partner David Morley about the future of ther legal profession, warning that law firms will go out of business if they underestimate the potential for alternative investments to transform the legal market.

    1 minute read

  • June 11, 2008 |

    Ground control for Camerons with Silverjet insolvency role

    CMS Cameron McKenna has landed the lead role advising the administrators on the collapse of business class airline Silverjet. The airline announced on 30 May that it was grounding all of its flights and appointed administrators shortly afterwards.

    1 minute read

  • June 11, 2008 | International Edition

    UK duo kick off Plymouth Argyle investment

    Simmons & Simmons and Clarke Willmott have advised on Championship football team Plymouth Argyle's move to become the latest football club selling a stake to a foreign investor. The deal saw Simmons working with its Japanese joint venture partner TMI Associates advising the investor - Kabushiki Kaisha K&K Shonan Management - on its acquisition of a 20% stake in the club. The City firm fielded a team led by corporate partner Jason Daniel, with Ryo Ito leading at TMI.

    1 minute read

  • June 11, 2008 |

    UK duo kick off Plymouth Argyle investment

    Simmons & Simmons and Clarke Willmott have advised on Championship football team Plymouth Argyle's move to become the latest football club selling a stake to a foreign investor. The deal saw Simmons working with its Japanese joint venture partner TMI Associates advising the investor - Kabushiki Kaisha K&K Shonan Management - on its acquisition of a 20% stake in the club. The City firm fielded a team led by corporate partner Jason Daniel, with Ryo Ito leading at TMI.

    1 minute read

  • June 11, 2008 |

    Misnomers for the missing Links

    The exciting new law firm that used to be part of Linklaters is currently in search of a name - but plucking from thin air a catchy, does-what-it-says-on-the-tin sort of name, like Avocado for instance, is far from easy. The firm has put together a three-lawyer group to come up with a decent identity, although the spin-off's top man, Jason Mogg, admitted to The Diary last week that he would "happily accept suggestions" from elsewhere.

    1 minute read

  • June 11, 2008 | International Edition

    U-turn as Olswang unveils surprise NQ pay hike

    Olswang has performed a U-turn after announcing a £1,500 hike in its salary rate for newly-qualified lawyers (NQs) , taking basic pay to £63,500. The new rate represents an increase of 2.4% on last year's figure of £62,000 and comes despite the firm announcing just last month that it would be freezing NQ rates at last year's level.

    1 minute read

  • June 11, 2008 |

    U-turn as Olswang unveils surprise NQ pay hike

    Olswang has performed a U-turn after announcing a £1,500 hike in its salary rate for newly-qualified lawyers (NQs) , taking basic pay to £63,500. The new rate represents an increase of 2.4% on last year's figure of £62,000 and comes despite the firm announcing just last month that it would be freezing NQ rates at last year's level.

    1 minute read