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Pulse UK
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July 31, 2024
SFO Eyes Potential £237M Legal Bill For ENRC Misconduct
The Serious Fraud Office has registered a potential £237.7 million ($305 million) payment to ENRC for damages over findings that its officers encouraged a former partner at Dechert LLP to divulge confidential information about alleged corruption at the Kazakh miner.
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July 31, 2024
Winston & Strawn Adds Chief Information Officer From Cooley
The longtime chief information officer at Cooley LLP has taken on the same role at Winston & Strawn LLP.
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July 31, 2024
Bevan Brittan's Revenue Hits All-Time High Of £76M
Bevan Brittan LLP said Wednesday that its revenue hit a record total of more than £76 million ($97 million) as it posted its latest financial results, boosted by growth in education and health as the firm grew for an 11th consecutive year.
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August 06, 2024
Daily Mail Publisher Taps Slaughter And May Pro As Deals GC
Daily Mail and General Trust PLC's consumer media arm said Monday it has hired a Slaughter and May associate as its new head of legal for commercial matters.
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July 30, 2024
SRA Cautions Firms Using WhatsApp With Asylum Clients
The Solicitors Regulation Authority published an in-depth review of law firms that provide asylum services Tuesday, in the wake of a scandal over fake asylum claims, and said findings were mostly positive — but cautioned firms to be wary of using the WhatsApp messaging platform to communicate with clients.
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July 30, 2024
Gov't To Boost Judicial Salaries By 6% To Tackle Vacancies
All salaried judges in England and Wales will get a 6% pay rise, the U.K. government said Tuesday, after a salary advice body revealed that "significant and persistent problems" have worsened delays in filling some vacancies.
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July 30, 2024
Law Society Recommends 5% Rise In Trainee Pay
The Law Society on Tuesday said that legal employers should pay solicitor trainees a minimum annual salary of £27,418 ($35,248) in London, even as some of the City's top law firms push their rates to roughly double that figure.
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July 30, 2024
Fieldfisher Defends Lawyer's Sacking Over Sexual Misconduct
A Fieldfisher LLP partner who sacked a senior associate over sexual harassment allegations told a tribunal Tuesday she stood by her decision as she gave evidence against the lawyer who claimed that he had been unfairly dismissed.
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August 06, 2024
WFW Partner Moves To Dubai To Join Ship Finance Offering
Assets and structured finance partner Emily Widdrington of Watson Farley & Williams LLP is relocating to Dubai from London.
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August 06, 2024
HSF Hires Former CMS Insurance Head In Madrid
Herbert Smith Freehills LLP has hired an experienced insurance expert to join its team in the Spanish capital, as the firm looks to bolster its practice with added expertise in the sector.
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July 30, 2024
Forsters Pro Ducks Liability In Fight Over Billionaire's Estate
A Forsters LLP private wealth solicitor cannot be held personally liable while he represents the estate of a Russian oligarch in a dispute over his $3.7 billion fortune unless the lawyer's actions are dishonest or fraudulent, a London court has ruled.
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July 30, 2024
Law Firm Must Pay £20K Over AML Breaches, SRA Says
A law firm has been ordered to pay approximately £20,000 ($25,690) after it failed to ensure it that had "relevant documentation" to prevent money laundering and terrorist financing, the solicitors' watchdog said on Tuesday.
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July 30, 2024
Dentons Hits Record £280M Income In UK, Ireland, Middle East
Dentons said on Tuesday that double-digit percentage growth at its offices in Ireland and Saudi Arabia helped revenue to rise by 6% to a new record of more than £280 million ($360 million), an improvement in its financial performance after a smaller increase in 2023.
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July 29, 2024
Stewarts' Partner Profits Hit £1.4M Amid Spike In Revenue
Stewarts Law LLP's average profit per equity partner hit £1.42 million ($1.82 million) over the last financial year as revenue grew by 12% to £95.2 million, the specialist litigation outfit said Monday.
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July 29, 2024
Legal Tech Biz Litera Acquires Data Management Co. FileTrail
Legal technology giant Litera announced on Monday the acquisition of FileTrail, which offers information governance and records management services to law firms and companies.
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July 29, 2024
Oil And Gas Co. Cepsa Names New Chief Legal Officer
Spanish oil and gas company Cepsa has found its new top attorney in a veteran in-house leader from Spain-based company Atento.
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July 29, 2024
Gowling Bumps London NQ Salaries Toward £100K
Gowling WLG said Monday that salaries for newly qualified solicitors in its London office have edged closer to the £100,000 ($128,489) mark as it made changes across its bases in England.
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July 29, 2024
Morgan Lewis Grows German Presence With 3 New Partners
Morgan Lewis & Bockius LLP announced Monday that it has hired three new partners to further strengthen its German offerings.
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July 29, 2024
Hill Dickinson Joins Part-Time Solicitor Training Project
Hill Dickinson LLP on Monday became the latest law firm to join an initiative that commits firms to providing a part-time training option to aspiring solicitors as the sector seeks to create more accessible pathways for individuals from diverse backgrounds.
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August 05, 2024
Morgan Lewis Adds Investment Pro From Paul Hastings
Morgan Lewis & Bockius LLP has hired a seasoned expert in private equity secondary markets as a partner in London, as the firm moves to consolidate its presence as a major player in the sector.
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July 29, 2024
Mishcon's Profits Dip Post-Merger Despite Revenue Jump
Mishcon de Reya LLP said Monday that its dispute resolution and employment practices contributed to a double-digit rise in revenues to £300 million ($385 million), though profits fell slightly as it integrated a technology-focused law firm following a merger.
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July 29, 2024
Top Corporate Crime Cases To Watch For The Rest Of 2024
The Serious Fraud Office's intention to charge individuals with bribery over Glencore's dealings in Nigeria, a major bitcoin money laundering trial and the ongoing legal battles between ENRC and the SFO are some of the major white-collar crime cases on the horizon.
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July 29, 2024
Saudi Investor Revives $5M Legal Costs Claim Against RLS
A London court has revived a negligence claim brought by a Saudi Arabian property investor against a law firm for the costs of investigating and litigating an alleged £35 million ($45 million) fraud, finding that an earlier settlement does not block him bringing the allegations.
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July 29, 2024
3 Things To Know About Dentons' Incoming Global CEO
Dentons announced last week that it is bringing on Kate Barton, a former EY executive, as its new global CEO to replace Elliott Portnoy, who has held the position since 2013.
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July 29, 2024
HSF To Keep 94% Of Trainees After NQ Pay Hike To £135K
Herbert Smith Freehills LLP said Monday that it will retain nearly 95% of its trainees in its London office this fall, which continues its strong retention rates after it recently increased NQ salaries and released its best-ever financial results.