News – Page 105
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Freshfields outpaces magic circle rivals as PEP jumps to £1.5m
Firm says strong growth across its business led to an 8% rise in partner profits.
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Linklaters posts 7% rise in pre-tax profits
Firm says its decision to invest in knowledge and technology and to offer low-cost options has made a 'real difference’.
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Top-25 firm tells solicitors they can work from home
Addleshaws will implement the home-working policy in Leeds, London and Manchester.
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PEP falls 19% at Ashurst in ‘challenging’ conditions
The firm said a slowdown in commodities and geopolitical uncertainty drove profits to fall for a second year in a row.
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Profits per member jump 21% at DAC Beachcroft
International firm says results reflect its focus on ‘performance improvement’.
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Clifford Chance posts 10% rise in PEP
Magic circle firm warns of volatility following the EU referendum result.
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Law graduate salaries stuck in lower league
Pay lags average for all degrees – and one in three law graduates ends up in a non-professional job.
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Gloating tweet firm ‘undermined tribunal system’ – MP
House of Commons hears of new allegation about conduct of local authority firm Baker Small.
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PEP flat at Allen & Overy amid uncertain climate
Revenues at magic circle firm rose 2.3% to £1.31bn despite mixed markets globally.
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Herbert Smith Freehills delivers 7% profit rise
Profit per equity partner reaches £840,000 at City firm.
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Profits jump 20% at Addleshaw Goddard
Firm says uncertainty following the Brexit vote could make sales growth this year a ‘challenge’.
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Profit growth slows at Pinsent Masons
Profit per equity partner rose by 2.2% in the year ending 30 April 2016, following a 32.8% jump the year before.
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Legal Services Act positive – but more reform needed, says super-regulator
Major study shows ‘overall, the level of innovation is broadly unchanged’ since 2007 reforms.
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India debates further step towards liberalisation
Draft rules propose charging firms $50,000 and individuals $25,000 to practise in India.
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‘No robot lawyers soon,’ Rocket Lawyer chief predicts
Mark Edwards says legal profession is already using AI, such as document automation.
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US firm backs London as it announces transatlantic merger
Haynes and Boone will merge with Curtis Davis Garrard to create a 600-lawyer firm.
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Solicitor slashes insurance costs through bar regulation
David Bowden predicts ‘flood’ of solicitors will opt to set up under the bar regulator.
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Barrister suspended for failing to pay fine
Tiyani Behanzin failed to pay a fine of £750 and costs of £585 imposed for disciplinary offences in 2011.
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Parabis directors blameless as creditor dividend slashed
Total owed to unsecured creditors has soared to £114m – they will get back just 1p in the pound.
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SRA chief laments ‘claims-harvesting’ activities
Suspicion remains that firms continue to flout the spirit – if not the letter – of referral fee ban.