London law firm Speechly Bircham has hired 90 people, including 17 partners, from the dissolving Campbell Hooper. The hirings, which are not being characterized as a merger, give Speechly Bircham a total of over 400 employees. The firm says the move makes Speechly Bircham on of the top 50 UK firms. Speechly Bircham has also reorganized, creating [...]
Continue reading...Thursday, July 2, 2009
Recent laterals and layoffs in the legal sector: Tom Reilly joins Cooley Manion Jones in Boston, from Greenberg Traurig. He joins the firm as of counsel. Cooley is a former two-term Massachusetts state attorney general Gordon Peilow joins the City of London’s Cubism Law, where he will advise on trademark & copyright matters, IT contracts & litigation, [...]
Continue reading...Thursday, June 11, 2009
City of London law firm Herbert Smith saw profits fall 22% in 2008, plummeting below £1 million ($1.65 million). Partners will see earnings drop from £1.04 million to between as low as £808,000 ($1.33 million) for financial 2008-09. The firm made a profit last year. Herbert Smith in April announced a redundancy consultation at its London HQ, targeting [...]
Continue reading...Saturday, May 30, 2009
Herbert Smith, which announced in April a redundancy consultation at its London HQ, targeting 84 positions, will not need to lay anyone off after all, after 84 staff members signed on for voluntary redundancy or alternative working arrangements. The firm offered staffers 3.5 weeks salary per year of service to leave the firm. Herbert Smith was founded [...]
Continue reading...Thursday, May 21, 2009
Hill Dickinson will merge with City of London-based law firm Middleton Potts. The merged firm will be known as Hill Dickinson LLP. The deal finalizes July 1st. Middleton Potts’ senior partner, David Lucas, will head the firm, which will employ 200 in London. Middleton Potts, a long established City practice, specialized in international trade, commodities and shipping; [...]
Continue reading...Tuesday, May 19, 2009
Two top lawyers at Switzerland’s UBS have left the firm. Ash Gulati, executive director of UBS’s UK-based prime brokerage & equity derivatives legal team, will join the London office of Akin Gump as senior counsel. Matthew French, head of UBS’s distressed investment team, will leave after less than a year, to join the Nomura Group. He will [...]
Continue reading...Tuesday, May 19, 2009
London’s Charles Russell has targeted an undisclosed number of employees for redundancy, despite higher-than-expected billings. Laid off staff will be expected to work during their notice period, and will get only the statutory minimum redundancy pay. If you have any details about layoffs at Charles Russell, please — send us a confidential tip! Charles Russell LLP is a [...]
Continue reading...Saturday, March 21, 2009
Earlier this month, UK City firm CMS Cameron McKenna asked its equity partners to volunteer to become fixed-share partners. Now the firm has confirmed that “voluntary” could become “mandatory,” as they target less productive members. Partners have until the end of March to decide on changing to fixed-share. It’s not deequitization, the firm says, because fixed-share partners will [...]
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Sunday, July 19, 2009
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