Law Firm Management
Osborne Clarke's Salary Boosts Paid Members Public
In Short: Osborne Clarke LLP has increased the salaries of newly qualified (NQ) lawyers in its London office to £94,000, riding the wave of a strong financial performance that saw its international revenues jump by nearly 20%.
Simpson Thacher in AML Hot Water Paid Members Public
In Short: Simpson Thacher & Bartlett LLP’s London office faces a tribunal over alleged failures to implement adequate anti-money laundering (AML) measures, with the Solicitors Regulation Authority (SRA) claiming the firm did not fully comply with regulations introduced in 2017.
Linklaters Snags Top Talent in Sweden Paid Members Public
In Short: Linklaters has brought in Magnus Wennerhorn, a seasoned leveraged finance expert from White & Case, to lead its banking practice in Sweden, aiming to bolster its services for banks and private equity clients in the region.
CRS boosts NQ salaries Paid Members Public
In Short: Charles Russell Speechlys LLP has increased the salaries of newly qualified (NQ) lawyers in its London office to £88,000 to stay competitive amid rising pay rates driven by U.S. firms. The firm has also made similar adjustments in its Cheltenham and Guildford offices.
Orrick’s Antitrust Expansion Paid Members Public
In Short: Orrick Herrington & Sutcliffe LLP has bolstered its London antitrust team by hiring Victoria Newbold, a seasoned competition lawyer from Bryan Cave Leighton Paisner LLP, to navigate the growing demand for antitrust and competition law expertise, particularly in tech transactions and AI deals.
HFW’s boost in profits Paid Members Public
In Short: Holman Fenwick Willan LLP (HFW) is aggressively recruiting partners following a 16.5% rise in profits to a record £75.4 million. The firm's revenue grew by 11%, driven by strong demand in specialized areas like aerospace, commodities, and shipping.
Milbank's London Expansion Paid Members Public
In Short: Milbank is set to expand its London team and office space significantly, aiming to add 85 lawyers and increase its office area to 85,000 square feet by early 2026 as part of a strategic growth initiative.
