• News

News

Latest News

Eversheds secures multi-million pound fixed-fee IATA deal

Eversheds has secured a multi-million pound contract with the International Air Transport Association (IATA), the airline trade association, rolling out its existing mandate to include Europe, North Asia and Asia Pacific. The extended contract gives Eversheds sole responsibility for IATA’s legal project management in 158 countries, adding 93 countries to the initial remit. Eversheds secured…

BLP real estate team defects to DLA Piper

A trio of partners have quit Berwin Leighton Paisner (BLP) to join DLA Piper, in the latest in a stream of departures from the firm. Real estate finance head Laurence Rogers, corporate tax partner Neville Wright and real estate partner Richard Hopkinson-Woolley have all jumped ship for DLA Piper’s real estate team. The exits follow…

DLA Piper’s global revenue creeps up to $2.48bn

DLA Piper’s global revenue inched up by 1.7 per cent for the 2013 calendar year, rising to $2.48bn (£1.56bn). The results follow an increase of more than 8 per cent between 2011 and 2012, to $2.44bn (£1.55bn) (7 February 2013). Having stayed relatively static in 2012, revenue per lawyer increased 3.3 per cent from $605,000…

Squire Sanders in merger talks with Patton Boggs

Squire Sanders has confirmed that it is in early stage merger talks with Patton Boggs, the Washington law and lobbying firm. Squire Sanders is by some distance the larger of the two US firms. It has around 1,300 lawyers and 39 offices around the world and has recently embarked on a hiring spree, particularly in…

BLP and ULaw launch international LLM

Berwin Leighton Paisner (BLP) will require all its future trainees to sit an international LLM before joining the firm, with the course being updated yearly to reflect the firm’s changing profile. From this September, the top 20 firm will send each trainee cohort to the University of Law to study a bespoke version of its…

Bird & Bird launches in Korea via local alliance

Bird & Bird has signed a cooperation agreement with South Korean firm Hwang Mok Park, blazing a new trail for international firms to tap into the market. Bird & Bird (2Birds) has become the first international firm to tie-up with one of Korea’s top 10 firms by lawyer numbers, although the strategic alliance is on…

Ashurst’s Glasgow base to become its fourth largest office by August

Ashurst’s low cost support base in Scotland is expanding faster than expected, with the firm planning to more than quadruple the number of legal analysts based in the city within the next 12 months. The firm’s Glasgow office currently houses 100 employees, 13 of which are ‘legal analysts’ and the remainder back office staff. However,…

Pannone partners face three-year lock-in at Slater & Gordon

Partners who moved to Slater & Gordon (S&G) as part of its acquisition of Pannone are to be locked into the firm for three years under the stringent terms imposed on the new joiners. The partners have also agreed to performance-related salaries and restricted share options. The consideration for the takeover by the Australian-listed firm…

EY taps into Chinese legal market through acquisition of Shanghai firm

Accounting firm Ernst & Young (EY) is in the process of launching a legal services unit in China through the acquisition of Shanghai-based Chen & Co. The move will be seen as significant for marking the global accoutancy firms first reach into China’s vast legal services market, a route that remains closed to international law…

UK lawyer salaries on the rise but bonuses fall by 5 per cent

Solicitors’ salaries have risen by £5,000 over the past year but bonuses are down, according to a new survey by recruiter Laurence Simons. A rise in salaries over the past 12 months has taken the average across the market from £103,450 to £108,690 in a year, but at the same tine the average bonus has…