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Search results for tag "Magic Circle"

• Linklaters forms alliance with Australian firm AAR

  Apr 25 2012 UK Magic Circle firm Linklaters has formed an exclusive alliance with Australian firm Allens Arthur Robinson. The alliance is not a merger, but will take the form of a... more

• US Law firms stealing limelight from UK rivals in Hong Kong

  Apr 13 2012 Over the past two years, numerous US law firms have entered the market in Hong Kong and recruited top talent from their UK rivals, and now they are starting to see... more

• Which UK firms offer best prospects for promotion to partnership?

  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... more

• McKenna Long & Aldridge merges with Luce, Forward, Hamilton & Scripps

  Mar 28 2012 The merger between Atlanta-based firm McKenna Long & Aldridge and San Diego-based firm Luce, Forward, Hamilton & Scripps has concluded, creating a 575-lawyer firm with... more

• The Times publishes list of 100 most influential lawyers in Great Britain

  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... more

• Linklaters reportedly in negotiations for alliance with Australian firm

  Mar 06 2012 International law firms have demonstrated considerable interest in the Australian legal market in recent months, with most of Australia’s largest law firms merging or... more

• How much would that firm be worth on the stock market? New report makes a guess

  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... more

• Freshfields plans to relaunch in Singapore after five years' absence

  Feb 15 2012 Magic Circle firm Freshfields Bruckhaus Deringer is planning to relaunch its Singapore office, nearly five years after shutting down its former office in the region.... more

• US firms in Hong Kong attract top talent with big money

  Feb 08 2012 The legal services market in Hong Kong has long been dominated by British firms, but US law firms are now a potent force, attracting top talent by offer larger... more

• Kirkland & Ellis increases pay for all associates in London

  Jan 13 2012 Kirkland & Ellis has increased the salaries of all associates in London, with newly qualified lawyers now £7000 better off on £97,000. The increases put the firm... more

• Herbert Smith to de-equitize 15 partners

  Dec 12 2011 Herbert Smith is set to de-equitize around 15 partners – ten per cent of its total equity partnership – in order to reach profits on the same scale as the so-called... more

• Will British legal education be left behind?

  Oct 21 2011 Here is an interesting article about the relative strength in the market for British legal education. The article points out that London the world's top... more

• Should law firms stay on home turf?

  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... more

• UK firms Allens and Linklaters zero in on Washington DC market

  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... more

• Freshfields gives UK associates a pay rise

  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... more

• Slaughter and May announces marginal salary increases

  May 05 2011 Slaughter and May is the first magic circle firm to announce its 2011 salaries. The firm is giving a modest increase to junior associates of between 1.5 per cent and 3... more

• A&O boosts Paris M&A team with triple hire from Debevoise

  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... more

• Mishcon de Reya: voted best law firm to work for

  Mar 11 2011 Mishcon de Reya was the top law firm in The Sunday Times’ annual 100 Best Companies to Work For survey, beating other law firms rather convincingly. The firm came in... more

• Diversity statistics in the magic circle: what do they hide?

  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... more

• Freshfields appoints Simpsons counsel to equity partnership

  Jul 27 2010 Freshfields Bruckhaus Deringer has boosted its high-yield practice with the hire of Simpson Thacher & Bartlett counsel Gil Strauss. Strauss has been taken on as an... more

• Clifford Chance reports 27 per cent boost in profits

  Jul 07 2010 Clifford Chance has announced a 27 per cent jump in profits for equity partners, who took home an average of £733,000 in the 2009-10 financial year. Meanwhile, the... more

• Hogan Lovells unfreezes salaries

  May 25 2010 Hogan Lovells has increased salaries by a couple of per cent, according to information published at RollOnFriday. Newly qualified lawyers will be paid £60,000, a... more

• Pay rise for associates at Freshfields Bruckhaus Deringer

  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... more

• Eversheds' interest in criticism

  Mar 29 2010 A new report has concluded that the ‘Magic Circle’ tag has lost its currency. The report, commissioned by non-Magic Circle firm Eversheds, focuses primarily on the... more

• So much for diversity: UK magic circle firms and their new recruits

  Mar 26 2010 According to new research carried out by LegalWeek, over a third of the trainees joining the UK ‘magic circle’ firms over the last two years have studied at either... more

• Eversheds report predicts drastic changes to the legal services industry

  Mar 19 2010 Eversheds has released a report entitled 'Law Firm of the 21st Century: the Clients’ Revolution', which tries to anticipate the medium to long term effects of four key... more

• Freshfields on Australia: the A&O way is not for us

  Feb 15 2010 Signs emerge of strategic divide in the magic circle over how to target the key markets in the Asia-Pacific region Freshfields Bruckhaus Deringer and Linklaters... more

• Allen & Overy to open Australia offices, snags 14 partners from local firm

  Feb 08 2010 Magic Circle firm Allen & Overy has announced it will open offices in Sydney and Perth next month, with 17 new partners who will focus on mining and natural resources... more

• Allen & Overy selects new corporate chiefs

  Feb 03 2010 Allen & Overy (A&O) has named new co-heads for its global corporate practice and appointed outgoing co-leader, Richard Cranfield, into a new role as chairman of the... more

• Allen & Overy keeps on 87% of NQs as retention rates begin to recover

  Jan 11 2010 Allen & Overy has retained 87% of its March 2010 qualifying intake, marking an increase on the firm's projected retention rate. The magic circle firm has offered roles... more

• Linklaters advises on deal to return assets to Lehman clients

  Jan 06 2010 Linklaters has advised administrators PwC on a claim resolution agreement (CRA), an arrangement for the return of assets to clients, which is now unconditional after... more

• Linklaters revenues drop by almost 10 percent

  Nov 21 2009 Magic circle firm Linklaters has reported a 9.5% fall in revenue to £591m from £653m for the first half of the 2009-10 financial year. The drop in turnover comes... more

• Allen & Overy first magic circle firm to outsource legal work

  Nov 19 2009 Allen & Overy has become the first magic circle firm to outsource legal work, partnering with LPO provider Integreon to outsource basic litigation document review to... more

• Dentons plays on mid-market nous

  Nov 17 2009 Denton Wilde Sapte will tout its mid-market credentials as part of a new three-year plan to be launched in 2010. Chief executive Howard Morris said the firm was... more

• A&O and Wachtell take lead roles on $1.8bn General Electric sell-off

  Nov 14 2009 Allen & Overy (A&O) has taken a lead role on the $1.8bn (£1.1bn) sale of General Electric's fire alarm and security unit to US conglomerate United Technologies,... more

• Linklaters plans to go green by ditching printed recruitment material

  Nov 04 2009 Linklaters is planning to scrap its graduate recruitment brochures in a bid to become more environmentally friendly. The magic circle firm said it hopes to put a... more

• CC predicts profit points will bounce back after fall in PEP

  Nov 02 2009 Partners at Clifford Chance are anticipating a profit per point uplift of around 25 per cent at the half-year stage following a year when average profit per equity... more

• Lovells and Herbert Smith join Slaughters on new Treasury panel

  Oct 31 2009 Lovells and Herbert Smith have won sought-after roles to advise HM Treasury on the stability of the financial markets. The Treasury's new three-firm panel, which... more

• Slaughters opts to cut bonus in half and continue salary freeze

  Oct 30 2009 Slaughter and May has halved its flat rate bonus for all fee earners and confirmed that its salary freeze will continue for the remainder of the financial year. The... more

• Freshfields and Slaughters set the Standard on Barclays deal

  Oct 28 2009 Freshfield Bruckhaus Deringer and Slaughter and May have snared lead roles on Barclays’ £226m acquisition of Standard Life Bank. Freshfield’s corporate partner... more

• Hourly rates at top UK law firms drop by a third

  Sep 21 2009 According to a survey by costs lawyer Jim Diamond, the recession has forced the UK’s largest firms like Freshfields Bruckhaus Deringer and Simmons & Simmons to slash... more

• Partner promotions at top UK law firms fall by a third

  Sep 04 2009 Magic circle law firms -- Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Slaughter and May -- saw promotions fall by an average of 41... more

• Freshfields overtakes Clifford Chance with £1.29bn revenues

  Jul 03 2009 Freshfields Bruckhaus Deringer has reported a 9% increase in turnover to of £1.29bn for the 2008/2009 financial year, taking it ahead of Magic Circle rival Clifford... more

• Clifford Chance loses global top spot to Skadden

  Jul 03 2009 As expected, Clifford Chance has lost its position as the world's biggest law firm to US rival Skadden, Arps, Slate, Meagher & Flom. The Magic Circle firm has... more

• Clifford Chance likely to be worst affected Magic Circle firm

  Jun 29 2009 Clifford Chance is likely to be the worst affected by the current crisis among the "Magic Circle" of top British law firms - which also include Allen & Overy,... more

• Herbert Smith sees profits plunge by 22 per cent

  Jun 10 2009 Partner profits at London-based law firm Herbert Smith fell below £1 million in 2008 as the financial crisis caught up with the City law firms. Profits fell by 22... more

• Clifford Chance global litigation chief quits firm

  May 30 2009 Clifford Chance’s global head of litigation Mark Kirsch has left the magic circle firm in the midst of the global partnership restructuring. The magic circle firm... more

• Clifford Chance New York corporate partner joins K&L Gates

  May 22 2009 Clifford Chance’s US practice has lost its fifth partner this month, with the news that New York-based corporate partner David Bernstein has joined K&L Gates. The... more

• Allen & Overy asks trainees to defer

  May 08 2009 Allen & Overy is the latest Magic Circle law firm asking its trainees to voluntarily defer. The firm will be offering a grant of £9,000 for deferrals of 12 months and... more

• Why Freshfields had to freeze salaries

  Feb 13 2009 Ted Burke, chief executive of Freshfields Bruckhaus Deringer, explains in The Times the market-changing decision of the "Magic Circle" firm to freeze salaries for... more

• Freshfields freezes associate pay to prepare for tough times ahead

  Feb 09 2009 Freshfields Bruckhaus Deringer has announced a salary freeze as it prepares for a drop in fee income in 2009. Associates and support staff remain at current pay... more

• Clifford Chance to cut partners in latest law firm shake-up

  Feb 04 2009 Clifford Chance LLP, the world’s largest law firm by revenue, plans to reduce the size of its partnership as the effects of the financial crisis hit the City’s "Magic... more

• Linklaters to cut 120 associates, 150 staff in London

  Jan 29 2009 Linklaters today announced plans to cut up to 120 junior lawyers in its London office in anticipation of a weakening demand for commercial legal services. The... more

• Linklaters to axe 70 partners in radical shake-up

  Jan 24 2009 The world’s second-largest law firm Linklaters will axe up to 70 partners and 10 per cent of associates in the biggest shake-up in the legal services market in... more

• Magic circle trio take lead roles on latest UK bank bailout

  Jan 19 2009 Freshfields Bruckhaus Deringer, Slaughter and May and Linklaters have secured advisory roles as the UK Government unveils a second package of measures to bail out the... more

• Clifford Chance to lay off 80 lawyers in London

  Jan 08 2009 Clifford Chance has launched a redundancy program that will lead to 70 to 80 London lawyers losing their jobs. The move will put nearly one in 10 of Clifford Chance’s... more

• UK law firms still keen on Australasian lawyers

  Oct 22 2008 In the midst of the global credit crunch, the UK continues to lure Australasian lawyers with the prospect of high quality work, good salaries and the life experience... more

• Magic circle firms head up £37bn bank bailout

  Oct 14 2008 Allen & Overy, Slaughter and May and Freshfields Bruckhaus Deringer are among the top City firms winning roles on the UK Government’s £37bn bailout of three of the... more

• Gender gap at London's elite law firms

  Sep 08 2008 Women make up an average of just over 14 per cent of the partnership at the UK's four largest "Magic Circle'' firms - Clifford Chance, Linklaters, Freshfields... more