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Pulse UK
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July 11, 2024
Ex-Clifford Chance Veteran Accused Of Pocketing Client Funds
The Solicitors Regulation Authority is taking the former managing partner of Clifford Chance's Brussels office to a tribunal in London after he allegedly attempted to misappropriate approximately $1 million in client funds and then tried to shield his misconduct from the firm.
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July 11, 2024
Profits Soar At A&O Amid Modest Growth Before Merger
Profits for Allen & Overy LLP jumped by more than 17% in the financial year that culminated with the firm's mega-merger with Shearman & Sterling in May, A&O Shearman said Thursday.
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July 10, 2024
Simpson Thacher Adds $50M In London In First Half Of 2024
Simpson Thacher & Bartlett LLP said Wednesday that its London office had bolstered its revenues by approximately $50 million in the first half of 2024, maintaining the firm's robust performance amid a strong results season for the U.K. legal industry.
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July 10, 2024
Faegre Drinker Confirms Operational, Administrative Layoffs
A spokesperson for Faegre Drinker Biddle & Reath LLP confirmed to Law360 Pulse on Wednesday that the firm laid off "less than 5%" of its total operations and administrative staff earlier this year.
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July 10, 2024
Ex-Clifford Chance Lawyer Limited Over Alleged Misconduct
The Solicitors Regulation Authority has blocked a former Clifford Chance LLP associate from working at any regulated firm without preapproval, on the grounds that he alleged made inappropriate sexual advances toward a colleague.
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July 10, 2024
WFW Sees Global Revenues Hit Record Of £238M
Watson Farley & Williams LLP said Wednesday that its global business had seen revenues reach an all-time high of £238 million ($306 million), while profits also grew significantly.
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July 10, 2024
Shoosmiths Surpasses £200M Revenue Mark For First Time
Shoosmiths LLP said Wednesday that its revenue climbed by 6% over the last fiscal year to hit £207 million ($266 million), with double-digit income spikes in its corporate and litigation practices fueling the growth.
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July 10, 2024
Reed Smith Bumps NQ Salaries To £125K
Reed Smith LLP said Wednesday that it is giving newly qualified lawyers in its London office a double-digit salary increase to £125,000 ($160,480), though it still remains on the low end for the city as major U.S. players drive salaries for new solicitors to dizzying levels.
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July 10, 2024
Dentons, Others Win Extension On Gov't Procurement Panel
Dentons, DLA Piper and more than a dozen other law firms that advise the government will retain their places for another year as it develops its strategy for procuring legal services, the Crown Commercial Service has said.
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July 10, 2024
Partner Exits Continue At A&O Shearman Amid Change
A&O Shearman continues to lose partners to U.S. rivals, a trend that observers expect will continue in the coming months as the new firm deliberately trims or inadvertently loses lawyers who are unhappy with the merger.
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July 10, 2024
Whistleblowing Trainee At Defunct Law Firm Wins £36K
An employment tribunal has ordered an insolvent law firm to pay more than £36,000 ($46,200) to a trainee it dismissed after she blew the whistle on its "chaotic" operations to the industry regulator.
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July 17, 2024
Travers Smith Hires Infrastructure Finance Pro From WFW
Travers Smith LLP announced Wednesday that it has recruited a specialist in infrastructure finance from Watson Farley & Williams LLP, boosting the firm's partnership ranks after it suffered a recent wave of exits.
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July 09, 2024
Mishcon De Reya Adds Blick Rothenberg Partner
Mishcon de Reya has added a former director from Blick Rothenberg to its corporate tax team in London as a partner, the firm announced in a statement.
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July 09, 2024
Lawyer Accused Of Making False Mishcon Claims On Iran TV
The solicitors' watchdog told a disciplinary tribunal on Tuesday that a high-profile criminal defense lawyer recklessly made false statements about Mishcon de Reya LLP while appearing on an antisemitic show on an Iranian state-owned media channel.
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July 09, 2024
A&O Shearman To Keep 66% Of NQs In 1st Post-Merger Class
Newly formed A&O Shearman said on Tuesday that it will keep two-thirds of the trainee solicitors who started with its predecessor firms when they qualify in the fall, after boosting salaries for newly-qualified lawyers amid a broader talent war in London.
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July 09, 2024
Ex-Axiom Ince Staff Win Claims Over Missing Payments
A tribunal has ordered Axiom Ince to hand over a total of £11,500 ($14,700) in redundancy and unclaimed holiday payments to three former members of staff after the law firm collapsed in October.
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July 16, 2024
Mayer Brown Hires Transactions Team From Ayache In Paris
Mayer Brown LLP said Tuesday that it has recruited a team of lawyers from an independent French law firm to boost its strength in international corporate and private equity transactions as it gears up for an upswing in deal activity.
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July 09, 2024
Linklaters' Earnings Hit Record £2.1B On M&A Rebound
Linklaters LLP said on Tuesday that its earnings have surpassed the £2 billion ($2.6 billion) mark for the first time, which it attributed to a strategic focus on complex cross-border transactions and serving large clients worldwide.
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July 08, 2024
O'Melveny Names New Leaders, Combines Practice Groups
O'Melveny & Myers LLP announced several new leadership appointments Monday, along with the launch of a combined securities litigation and financial services practice group.
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July 08, 2024
Morrison Cohen Launches Luxury Brands Practice
Morrison Cohen LLP announced Monday the launch of a luxury brands practice designed to offer more holistic counsel to high-end companies like Valentino, Louis Vuitton, Salvatore Ferragamo and more.
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July 08, 2024
Withers Starts Family Law Practice In NY With Salzano Atty
Withers announced Monday that it is forming another U.S. family law practice, this time in New York under the leadership of an attorney from Salzano Ettinger Lampert & Wilson LLP.
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July 08, 2024
BCLP To Retain Almost 60% Of NQ Lawyers In September
Bryan Cave Leighton Paisner LLP said on Monday that it will retain nearly a dozen future solicitors when they qualify as lawyers in the fall, adding to the small number it kept on earlier in 2024.
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July 08, 2024
PierFerd Opens London Office With More FisherBroyles Attys
Pierson Ferdinand LLP announced Monday it has expanded globally with a new London office with eight partners and six staff members.
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July 08, 2024
SRA Fines London Firm Over Anti-Money Laundering Failings
The English solicitors' regulator has hit a London law firm with a fine after investigators discovered a series of failures to comply with anti-money laundering regulations.
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July 08, 2024
Hermer Poised To Return Independence To AG Role
The appointment of Richard Hermer KC as attorney general in the new Labour government will restore independence to a position that had become increasingly politicized over recent years, top British lawyers say.
Expert Analysis
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How Tech Can Make A Career In Law More Accessible
As practitioners and the U.K. Solicitors Regulation Authority seek to increase diversity in the legal profession, the adoption of technology, such as remote learning, artificial intelligence and social media communities, is playing a major role in breaking down entry barriers to a career in law, says Caroline Rayson at BPP.
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Expansion Of Court Filming May Carry Reputational Risks
In light of the U.K. government’s recent consultation on expanding filming across the courts system in England and Wales, our right to open justice must be weighed carefully against the reputational risk that litigation poses to all parties involved, says Bella von Bohlen at FTI Consulting.
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PR Perspectives: Strategies For Lawyers Publicizing Litigation
Any business or high-profile individual could end up in court, and with a global audience watching on through social media, lawyers would be wise to use strategic methods to shine a favorable light on their work and cases, says Steve Rudaini at MD Communications.
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How Lawyers Can Act As Allies This Pride Month
Having played a significant role in advancing LGBTQ+ rights, the legal profession now needs to practice allyship to ensure there is sufficient support for the community by educating itself, its colleagues and the public, says Christianah Babajide at Keating Chambers.
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How Lawyers Can Best Avoid Money Laundering Issues
There are basic questions that solicitors must ask of clients to avoid money laundering risks, but in light of recent fines imposed by the Solicitors Regulatory Authority for failure to comply with anti-money laundering regulations, firms must also ensure they document their diligence process, says Harriet Holmes at Thirdfort.
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Tackling UK Case Backlog Requires Proper Court Funding
Until the U.K. government takes powerful measures to address IT issues, poorly maintained courtrooms and wage demands, the crown court backlog will continue to rise to the detriment of all stakeholders in the criminal court system and the public at large, says Rubin Italia at Stokoe Partnership.
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5 Ways For A Legal Practice To Close Technology Gaps
With technology a driving force for success, the U.K. legal sector must embrace innovation to maintain its competitive edge, and investing in new processes is no longer optional, says Gareth Preece at Doherty Associates.
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Opinion
Thomas Report Is Final Straw — High Court Needs Ethics Code
As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.
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PR Perspectives: Optimizing Social Media As A Lawyer
The opportunities for social media to increase a business are unlimited despite its flaws, and to make the most of its potential, training and regular updates should be part of all lawyers’ professional development, say Steve Rudaini and Emma Maule at MD Communications.
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Highlights Of The UK's New Economic Crime Plan
With the direction of the U.K. government’s newly launched second economic crime plan undeniably altered by the recent focus on kleptocrats and their money, the emphasis is now on how the U.K. can deliver a more effective approach to reducing the threat of economic crime, says Kathryn Westmore at the Royal United Services Institute.
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How Lawyers' Behavior Can Affect Opponents' Mental Health
Acts of unreasonable behavior of lawyers working on opposite sides can take their toll, and with mental health and stress never higher in the national consciousness than right now, such conduct should be reported to help the firm understand the treatment its solicitors are receiving and better manage the situation, says Libby Payne at Withers.
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The Challenges Of Presenting To Clients In The Hybrid World
As a sector that is guided heavily by the demands of its client base, the legal industry will have to overcome various obstacles to make stylish, convincing and successful in-the-room, virtual and hybrid presentations in the post-pandemic blend of home and office, says Gavin Brown at Speak with Impact.
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5 Challenges General Counsel Are Set To Face
With an ever-broadening role, general counsel are being tasked to do more with less, with a need for caution and a requirement to leverage time wisely to anticipate and identify emerging industry challenges, says Jerry Temko at Major Lindsey.
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How SRA Workplace Culture Guidance May Help Legal Sector
Whether or not the Solicitors Regulation Authority acts on its recently released guidance on toxic workplace environments in law firms and imposes harsh sanctions, it will hopefully encourage some positive top-down changes, and should give individuals confidence to demand acceptable behavior, says Georgina Calvert-Lee at Bellevue Law.
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Beyond ChatGPT: AI Considerations For Law Firms
The use of artificial intelligence is likely to become increasingly mainstream in the legal sector, and firms should not remain complacent in the current limitations of ChatGPT, but develop policies to ensure that AI-generated liability and regulatory issues are addressed sooner rather than later, say Corinne Staves and Andrew Pavlovic at CM Murray.