May 22, 2013
Herbert Smith Freehills has frozen salaries in its Australian offices, with the Australian managing partner Jason Ricketts informing staff at legacy firm Freehills that pay reviews have been deferred indefinitely, while new salary bands will be announced for everyone else in the next few weeks.
Ricketts explained that the freeze was due to what he called "challenging market conditions in our region".
Low revenues from the Australian market might, as Roll on Friday points out, be galling to equity partners at legacy Herbert Smith, since they were asked to contribute £2k per equity point to fund the capital requirements of last year’s merger between the firms. For over 60 Herbert Smith equity partners, that sum was as large as £200k. Comments and more »
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May 22, 2013
King & Spalding has launched a trade and customs practice in London following the hire of Bird & Bird practice group head Iain MacVay.
MacVay has more twenty years' experience of international and… more »
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May 22, 2013
Merger negotiations between King & Wood Mallesons and Singaporean firm WongPartnership have failed just days before the firms were scheduled to announce their merger plans to the public.
King &… more »
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May 22, 2013
Average profits per equity partner is a metric that gets a lot of attention in the legal services industry, and is key to the results of the annual American Lawyer rankings — the Am Law 100.
But… more »
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May 21, 2013
Four of Ireland’s largest five law firms grew their lawyer headcount last year, according to data published by the Law Society.
Law firms Arthur Cox and Matheson ended 2012 with the exact same… more »
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May 21, 2013
Pannone 1822] has denied rumours that it is in merger negotiations with Irwin Mitchell, with Pannone’s managing partner Emma Holt clearly stating that the firms are not currently in discussions.… more »
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May 21, 2013
Indian firm Remfry & Sagar has created a pre-partnership career rung and promoted four managing associates to the newly created partner-designate position.
Managing associates from the patents… more »
May 21, 2013
Osborne Clarke is set to make up to 13 senior lawyers redundant across the firm's London, Bristol and Thames Valley offices. The firm has also indicated that it will be targeting "small pockets of overcapacity at Partner…
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May 20, 2013
The head of intellectual property litigation and corporate commercial law at Indian firm Remfry & Sagar has left the firm to launch a new Delhi boutique called Groverlaw.
Vikram Grover started his legal career with…
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May 20, 2013
Edwards Wildman Palmer intends to launch a presence in Istanbul after concluding the terms of an association with local M&A and private equity boutique Ismen.
The deal, which is still subject to regulatory approval…
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May 20, 2013
Berwin Leighton Paisner is set to make over 100 staff redundant, with 58 lawyers, 44 secretaries and an unspecified number of business support staff at risk as the firm aims to reduce its wage bill by 15%. Roll On Friday…
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May 20, 2013
The respective partnerships at UK firm SJ Berwin and Asia-Pacific firm King & Wood Mallesons are set to vote on a global merger in the coming months.
The deal, which has been negotiated over the past year, would see…
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May 17, 2013
Hogan Lovells has appointed Patrick Sherrington as the regional managing partner for Asia and Middle East.
Sherrington was formerly the co-head of the Hogan Lovells’ global litigation and arbitration practice in…
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May 17, 2013
Stephenson Harwood has established a presence in Myanmar via an association with local three-lawyer law firm U Tin Yu & Associates. The association will be managed by Stephenson Harwood Singapore consultant Peter Church…
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May 17, 2013
Citi Private Bank and the American Lawyer have conducted their annual surveys of the leading firms in the US legal profession, reporting marginal growth in the first quarter of 2013.
According to
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