Law News
Law news found and posted by the lawyrs community.
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Apr 26 2012
More foreign firms will be granted entry into the Singapore legal services market with a second round of licences to be granted in 2012. The first round of approvals...
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Apr 25 2012
Allen & Overy has granted a minor pay rise to junior associates, with a £500 raise for newly qualified, 1 PQE and 2 PQE lawyers (to £61.5k, £68.5k and £74.5k...
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Apr 24 2012
Berwin Leighton Paisner has hired high-profile mergers and acquisitions lawyer Alan Paul from Allen & Overy. Paul spent 27 years as a partner at A&O, before announcing...
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Apr 16 2012
Former Allen & Overy associate Deidre Clark has overcome the firm’s attempt to have her wrongful termination and sexual discrimination claim dismissed from the New...
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Apr 09 2012
RollOnFriday has taken a look at the partnership promotion statistics for UK firms to try to get a picture of which firms offer the best chance of partnership.
The...
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Apr 06 2012
Rumour has it that Allen & Overy is considering a substantial pay rise for lawyers. The firm is apparently in the midst of discussions on the pay issue, which should...
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Apr 04 2012
Slaughter and May and Allen & Overy have announced their annual partner promotions, with 23 made up at A&O and two made up at Slaughters.
Slaughters elevated...
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Mar 23 2012
The annual survey of leading brands by Superbrands has been released, with Linklaters leading the board among law firms at 175th place, dethroning Clifford Chance...
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Mar 22 2012
The Times has published its annual list of the most influential lawyers in Great Britain.
The Times Law 100 includes includes judges, charity executives, human...
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Mar 02 2012
A new report estimates the value of leading UK law firms to be somewhere between $711 million to $4.1 billion, with Magic Circle firm Allen & Overy leading among the...
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Feb 16 2012
Singapore has passed legislation to foreign law firms to own a stake in local legal practices or share in their profits, and has relaxed the rules for admission of...
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Feb 15 2012
Law firms are establishing Washington DC offices at a cracking pace, drawn by the promise of booming regulatory and international work.
In the past 10 months, at...
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Feb 13 2012
UK firm Allen & Overy has announced that it is doing away with a policy that sets a fixed retirement age of 60 years for partners. A&O is following in the footsteps of...
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Jan 29 2012
A new report by Allen & Overy has found that Australia is now the fifth largest inbound target market for M&A deals, with Chinese firms remaining interested in...
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Jan 27 2012
The figures on trainee retention in the UK are beginning to emerge, revealing relatively high retention despite widespread concerns about the fragility of the economy....
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Jan 15 2012
Allen & Overy has reappointed its senior and managing partners for another term after uncontested elections.
Senior partner David Morley and managing partner Wim...
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Jan 02 2012
King & Spalding has boosted its international arbitration practice in the Frankfurt office with the hire of Jan K. Schaefer of Allen & Overy.
Schaefer’s practice...
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Dec 14 2011
UK firm Berwin Leighton Paisner has boosted its projects practice with the hire of Allen & Overy partner Andrei Baev. Baev’s practice focuses on power and mining...
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Dec 09 2011
Deloitte’s latest legal sector survey has reported that the top 100 firms in the UK showed strong growth in the second quarter, with fee incomes rising by an average...
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Dec 07 2011
Allen & Overy announced the launch of its new base in Istanbul, Turkey. The office will be led by London banking partner Charles Lindsay, who will be joined by senior...
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Dec 06 2011
Herbert Smith has boosted its Asia finance capacity with the hire of Philip Lee, a former international capital markets consultant in Allen & Overy's Singapore office....
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Dec 04 2011
Herbert Smith has boosted its energy and infrastructure practice in Paris with the hire of partner Christophe Lefort, who was previously the general counsel at French...
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Dec 02 2011
Allen & Overy has once again taken the shears to its partnership ranks, asking around 12 of its partners to leave the firm. And while the move is not on the same scale...
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Nov 30 2011
As Allen & Gledhill, Singapore's leading corporate law firm continues its courtship with British giant Allen & Overy, many in the industry are asking what a merger...
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Nov 15 2011
Here is a very interesting article providing a kind of anatomy of the Indian legal services market, ad touching upon the major players, changes, and the nature of the...
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Nov 11 2011
Many of the largest UK law firms have seen growth in revenues in the first half of 2011-1, with at least five of the top 30 firms set to reveal double-digit increases...
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Nov 10 2011
Allen & Overy has posted an 11% increase in revenue in the first half of the year, after investing in key international markets. The firm saw revenues of £582m between...
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Nov 09 2011
Chicago-based firm Sidley Austin has boosted its Shanghai capital markets practice with the hire of a partner from Baker & McKenzie
Anthony Jacobsen is qualified...
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Nov 09 2011
K&L Gates has announced the launch its first office in South America in São Paulo, Brazil. The new office will operate under Brazilian Bar Association rules as a...
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Nov 08 2011
Allen & Overy is in negotiations with Linklaters' Singapore partner Allen & Gledhill, discussing a potential tie up. Such an alliance would be a significant boost to...
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Oct 28 2011
Pillsbury Winthrop Shaw Pittman is set to open its first Middle Eastern office in Abu Dhabi, with plans to expand services offered to existing clients and take...
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Oct 17 2011
Interesting article here about the effect of international expansion on law firm balance sheets. The article points out that of the five elite London firms belonging...
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Sep 14 2011
Twenty-three UK and Irish law firms have signed up to a new diversity initiative aimed at improving social diversity within the legal profession. The programme will...
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Sep 07 2011
Legalweek has reported on a new initiative under which leading UK law firms have signed up to a public commitment to reduce carbon emissions. Linklaters, DLA Piper and...
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Aug 24 2011
Pinsent Masons and Wragge & Co have announced the details of their associate slaries for 2011-12, with both firms freezing rates for newly-qualified lawyers in London....
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Aug 15 2011
The top end of the pay scale in the legal profession is making a recovery, according to a survey conducted by The Lawyer to assess how many equity partners are seeing...
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Aug 15 2011
Kirkland & Ellis has been on a lateral hiring spree in Hong Kong, scooping up eight partners from rival firms: two from Allen & Overy, three from Latham & Watkins, and...
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Aug 10 2011
Two UK magic circle firms are focusing their attention upon Washington DC, with Allen & Overy announcing that it is set to launch a new office in the US capital, while...
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Aug 05 2011
Rumours abound that two major Australian firms are set to merge with international players. Mallesons Stephen Jaques has reportedly been negotiating with leading...
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Jul 29 2011
Norton Rose is the third British firm to announce the launch of a Moroccan office in the past two weeks, following Allen & Overy and Clifford Chance. The Casablanca...
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Jul 27 2011
Allen & Overy is set to open an office in Casablanca in September, marking the first time a magic circle firm has ever opened its doors in Africa.
The Moroccan...
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Jul 13 2011
Top London firms have reported a good year, with revenues and profits on the up.
Allen & Overy posted a 7 per cent increase in revenue to £1.12bn, and an 8.3% hike...
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Jul 11 2011
Trainee retention figures are finding their way out into the light of day, and some of the results are less than pretty.
Slaughter and May has offered a job to all...
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Jul 06 2011
UK firm Allen & Overy has reported stable profit levels and profits per equity partner, despite increasing the number of partners at the firm from 451 to 487. The...
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Jun 30 2011
The Korean-EU Free Trade Agreement has opened the way for European law firms the enter the Korean market from July. The agreement will see the Korean legal market...
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Jun 30 2011
UK firm Allen & Overy is set to launch of an office in Washington DC, which will be headed up by US banking head David Slade. The firm has also hired a trio of lawyers...
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Jun 30 2011
Reports have emerged that UK firm Ashurst is investigating options for a presence in Australia, following in the fresh footprints laid down by Norton Rose, Allen &...
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Jun 13 2011
RollOnFriday has reported that Allen & Overy has reduced its trainee intake by 25 per cent since the peak in 2008.
In 2008 the firm took on 120 trainees a year,...
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Jun 06 2011
RollOnFriday has reported that almost a third of the lawyers in Allen & Overy's Moscow office have departed the firm in the last year, including four partners, five...
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May 30 2011
Herbert Smith has frozen salary bands for associates, following the trend set Allen & Overy and Linklaters.
Pay at the firm is set to stay at £38,000 for...
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May 24 2011
Freshfields Bruckhaus Deringer has announced pay rises for all associates, taking the firm to the very top of the Magic Circle in terms of compensation.
Associates...
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May 23 2011
Rumour has it that Herbert Smith is considering a move to Australia, following the path laid down by Norton Rose, Clifford Chance and Allen & Overy.
It is not yet...
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May 13 2011
Allen & Overy and Linklaters have frozen salaries for associates. This means that lawyers will progress to the next salary band according to the lockstep system, but...
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Apr 26 2011
RollOnFriday has conducted a survey on the top 20 London firms, asking, how many women entered the partnership in the last three years – taking into account both...
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Apr 26 2011
RollOnFriday has conducted a survey on the top 20 London firms, asking, how many women entered the partnership in the last three years – taking into account both...
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Apr 25 2011
Over half of the top 30 UK firms have announced their partner promotions for the year, and all but one firm have increased the number of promotions over last year’s...
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Apr 15 2011
RollOnFriday has reported the results of its maternity leave survey, with Weil Gotshal & Manges taking the top spot for best policy – 26 weeks at full pay followed by...
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Apr 04 2011
Allen & Overy has promoted 21 lawyers to the partnership in its annual promotions round, up from 18 last year.
Managing partner Wim Dejonghe said: "Our partner...
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Mar 24 2011
Magic circle firm Allen & Overy has bolstered its Paris M&A practice with the hire of three lawyers from US firm Debevoise & Plimpton.
The group, which is led by...
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Mar 09 2011
Allen & Overy has boosted its German presence with the hire of a banking regulation and investment funds team from Norton Rose.
The team is led by partner Frank...
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Mar 06 2011
Clifford Chance has been declared the law firm with the biggest superbrand, according to The Centre for Brand Analysis. The firm came in at 184th in a list of 500...
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Mar 01 2011
Allen & Overy decided to place an offshore business support centre in Belfast after the firm was offered a £2.5 million grant from Northern Ireland's regional...
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Feb 06 2011
Allen & Overy is set to receive £2.5m of public funding in return for creating 300 new jobs in Belfast. The funds come from Invest Northern Ireland as a subsidy for...
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Feb 03 2011
Allen & Overy is set to move its operational support and legal services functions to a new centre in Belfast.
The firm will begin consulting on proposals to...
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Jan 25 2011
Major US law firms laid off 745 people in 2010, down from a 12,259 people laid off in 2009 (the worst year on record), and lower than the 2008 figures when 1,992...
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Jan 18 2011
Wragge & Co has offered a permanent position to five out of seven (72%) of the qualifying trainees, with all five accepting. One of the seven decided not to apply for...
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Jan 13 2011
Allen & Overy and Linklaters have taken leading roles on the sale of a part of RBS’s £3bn project finance portfolio to Mitsubishi UFJ Financial Group.
A&O advised...
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Jan 06 2011
Allen & Overy’s Paris corporate head, Nicolas Bichot, has announced plans to leave the firm to establish a boutique practice. Bichot & Associés will focus upon M&A and...
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Jan 04 2011
Clifford Chance is maneuvering for entry into the Australian market, matching the strategy rival firm Allen & Overy, which has opened offices in Perth and Sydney. The...
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Dec 22 2010
Large law firms ever keen to establish that they are hiring an ethnically diverse range of lawyers, and Freshfields Bruckhaus Deringer is no exception: the firm has...
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Dec 17 2010
Freshfields Bruckhaus Deringer has hired Allen & Overy partner Pervez Akhtar as corporate head for the Middle East and North Africa practice, based in Dubai....
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Dec 13 2010
Clifford Chance has held talks with a number of Australian firms in both Sydney and perth as it intensifies its search for a suitable merger partner. Reports have...
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Nov 22 2010
The Evening Standard has launched a new initiative called the London Living Wage Scheme, which encourages firms and companies to guarantee staff a minimum rate of pay...
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Nov 10 2010
Allen & Overy has announced the election of a new global head of tax. German partner Gottfried Breuninger will lead the tax management committee, assisted by two...
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Oct 29 2010
US firm Jones Day, has boosted its Sydney energy and resources advising team with the hire of partner Tony Wassaf of Allens Arthur Robinson.
A number of foreign...
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Oct 26 2010
Allen & Overy affiliate Daniel Ginting Law Firm has boosted its Jakarta operation with hire of Harun Reksodiputro from Baker & McKenzie affiliated Hadiputrano,...
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Oct 18 2010
Allen & Overy is set to boost its New York office with the relocation of London infrastructure partner Andrew Fraiser.
Global head of projects, energy and...
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Oct 07 2010
Facebook is often regarded as a poor tool for law firm recruitment, with graduates preferring to maintain a division between their professional and personal lives. But...
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Oct 04 2010
Allen & Overy has appointed Brussels banking partner Peter Bienenstock to the role of Moscow managing partner, as head of Russia Tony Humphrey – who currently holds...
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Oct 04 2010
American Lawyer has published its “Global 100”, ranking the largest law firms by revenue. And this year, Baker & McKenzie have taken out the number 1 spot.
Baker &...
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Sep 27 2010
The future of foreign law firms in Brazil’s growing market is under question after the Sao Paulo Bar Association published an advisory decision – finding that the...
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Sep 22 2010
Freshfields Bruckhaus Deringer and Allen & Overy have taken lead roles on the £1 billion initial public offering of online gambling company Betfair.
Betfair is...
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Aug 26 2010
Offshore firm Harneys has hired six new associates across three offices.
The firm’s London office has hired Fiona Chandler, a specialist in investment funds,...
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Aug 22 2010
Law firms with serious international intentions must truly understand the complexities of the burgeoning Indian legal marketplace, writes Juhi Garg
The ascent of...
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Aug 12 2010
Linklaters has retained 87 per cent of its newly qualified solicitors, with 63 of the 69 qualifiers offered a place with the firm, and 60 accepting the offered roles....
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Aug 12 2010
A new court ruling may expose law firms with offices in France to millions of dollars in liability. Allen & Overy was ordered to pay redundancy benefits to a former...
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Aug 03 2010
Allen & Overy’s (A&O) New York office has hired capital markets partner Ed De Sear as a partner in its international capital markets (ICM) group.
De Sear joins from...
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Jul 15 2010
Bird & Bird is the fastest-growing UK top 50 law firm, according to the reported figures over the past five years. Revenues have rocketed upwards despite a tough...
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Jul 09 2010
Allen & Overy has announced amended bonus guidelines for associates in light of increased profits. Newly qualified solicitors will see an average $5,000 bonus, those...
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Jul 05 2010
Allen & Overy has launched an office in Indonesia in association with the single partner firm Daniel Ginting Law Firm. The office in Jakarta will be initially be run...
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Jul 01 2010
Allen & Overy has reported a 10 per cent jump in profit per equity partner in the 2009-10 financial year. Revenue fell by four per cent during the same period, and the...
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Jun 23 2010
Allen & Overy has boosted the global competition group with the hire of Dave Podder in the firm’s Sydney office. Podder, a leading Australian competition law partner,...
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Jun 11 2010
Allen & Overy has taken a lead role on a $1.3bn (£900m) deal for the sale of Misys’ 55% stake in US healthcare software company Allscripts to rival provider Eclipsys....
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Jun 07 2010
Herbert Smith has made a review of salaries, and has announced significant changes to the remuneration of its fee earners from June next year.
There are firm-wide...
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Jun 01 2010
Maurice Turnor Gardner – the boutique firm that arose from the 2009 demerger of Allen & Overy’s private client department – has hired two pensions partners. The hires...
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May 31 2010
Allen & Overy is engaged in a pro-bono initiative advising Rwanda as it moves from a civil law system to a common law system in a bid to boost foreign direct...
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May 10 2010
An article in The Lawyer today reveals that the two global firms that have made the most redundancies over the past two years have also been the most active in...
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May 07 2010
Freshfields Bruckhaus Deringer has announced a payrise in its lockstep pay bands, effective 1 May.
The changes ncrease the firm's newly-qualified rate by £1,000...
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May 03 2010
Freshfields Bruckhaus Deringer has finance partner Alan Rae Smith from Allen & Overy, in its first London lateral hire since 2008.
Rae Smith is set to join...
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Apr 28 2010
Allen & Overy has announced the promotion of 25 lawyers to counsel positions in their annual promotions round. This is a significant increase on last year’s numbers,...
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