London’s legal elites bask in booming pay packets Legal While London shivers through a January cold snap, the city’s legal elite are basking in an earnings heatwave as salaries for City lawyers at major law firms have edged up over the last year. Over the 2024/2025 financial year, the average profit per equity partner (PEP) at the big firms, including Linklaters, A&O Shearman, Herbert [...]
Hogan Lovells and Cadwalader join the transatlantic wave of mergers Legal London-based Hogan Lovells has announced its intention to merge with Wall Street’s oldest law firm, Cadwalader, Wickersham & Taft, to create a nearly £2.7bn law firm, as the trend of mega-mergers continues in the market. The firm, which will be known as Hogan Lovells Cadwalader, is subject to customary closing conditions, including a vote by [...]
Money talks, but culture counts in transatlantic law firm tie-ups Legal A merger between a notable US outfit and a UK-headquartered legal firm used to be a rare event, but with the focus on global dominance, these strategic moves are now attracting more attention – as more firms begin to follow suit. This week, London-based Ashurst agreed to merge with Seattle-based Perkins Coie, and overnight it [...]