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Travers Smith pushes up turnover to £97.2m, PEP hits £882k

Travers Smith has boosted turnover by 13 per cent from £86.2m to £97.2m in 2013/14, while average profit by full equity partner (PEP) rose by 12 per cent to £882,000 compared with £790,000 a year ago. It is a return to double digit growth for Travers, which saw revenue rise by 18 per cent in…

Leeds Big Six lawyer numbers slump as city's legal market reinvents itself

Lawyer and partner numbers among Leeds’ ‘Big Six’ law firms – Addleshaw Goddard, DLA Piper, Eversheds, Pinsent Masons, Squire Patton Boggs and Walker Morris – have dropped in the past five years, The Lawyer can reveal. Research carried out for this week’s lead feature shows that total staff numbers employed by the six firms in…

Dentons agrees new Ghana relationship after former ally chooses independence

Dentons has split up with its Ghanaian ally Bentsi-Enchill Letsa & Ankomah after a 12-year relationship, forcing the international firm to find a new partner in the West African state. Dentons has signed a new association with JLD & MB Legal Consultancy to replace its tie-up with Bentsi-Enchill. In a statement, Bentsi-Enchill said the two…

Clifford Chance London corporate chief names Jonny Myers as PE head

Clifford Chance’s new corporate chief has named private equity dealmaker Jonny Myers as private equity co-head alongside Oliver Felsenstein. New global corporate head Guy Norman appointed Myers to co-lead the group a month after stepping into the top role in May. It is the third major corporate leadership change in as many months, following the…

Charles Russell and Speechly partners say yes to £135m merger

Charles Russell and Speechly Bircham partners have voted to merge their firms to create a £135m firm with 170 partners, which will go live on 1 November. Charles Russell Speechlys will be headquartered in London, with a further eight offices scattered across the UK, Europe, Asia and the Middle East.  The firm will retain the…

Magic circle sees UK market share shrink as global consolidation takes hold

The magic circle has seen its revenue market share of the UK top 10 firms contract by more than 15 per cent over the last decade as global consolidation takes hold of the sector. While the collective revenue across the UK200 top 10 has defied the biggest economic slump in 100 years to double in…

Clydes snaps up Clifford Chance's China head of litigation and arbitration

Clifford Chance’s China head of litigation and arbitration Patrick Zheng has joined Clyde & Co as Beijing office managing partner. Zheng, who is set to play an active part in developing Clyde’s presence in China and Korea, is the firm’s second high-profile litigation and arbitration lateral hire this week. Yesterday it was announced that Eversheds’…

French corporate boutique BDGS picks up Linklaters M&A team

French corporate boutique BDGS Associés has made its first lateral hire since setting up 18 months ago, appointing Linklaters M&A partner Marc Loy. Loy is joining BDGS alongside Linklaters of counsel Thomas Meli, who will become a partner at the boutique. Linklaters associate Gauthier Verdon is also making the move. The hires bring the number…

Kirkland duo McDaid and Dean quit to kickstart Willkie Farr’s City PE practice

Willkie Farr has hired Kirkland & Ellis private equity partner duo Claire McDaid and Matthew Dean to launch its private equity offering in London. New York qualified Dean has previously worked for clients including Bain Capital, Summit Partners, CapVest, MezzVest and HIG Capital. Meanwhile, McDaid has represented those including Sun Capital, Vista Equity Partners and…

Robert Tchenguiz switches Shearman & Sterling for Stephenson Harwood in £300m SFO trial

Shearman & Sterling has lost one of the biggest litigation mandates of the year after business tycoon Robert Tchenguiz swapped the US firm for Stephenson Harwood in his £300m case against the Serious Fraud Office (SFO). Stephenson Harwood partner Sean Jeffrey was confirmed as lawyer to Tchenguiz and his investment vehicle R20 on Monday (7…