Freshfields: Revenue passes £2bn at Magic Circle law firm but profit cut February 3, 2025 Profit at Magic Circle law firm Freshfields was cut during its latest financial year despite its revenue passing £2bn for the first time. Freshfields has reported a pre-tax profit of £668.9m for the 12 months to 30 April, 2024, according to newly-filed accounts with Companies House. Profit before partners’ annuities increased from £497.8m to £675m. [...]
Big Law and the four day week? No, they’re moving the other way January 29, 2025 Big Law is resisting the four-day workweek trend, with City firms opting for at least four days in the office, and sometimes more
London law firm ‘acted appropriately’ for Putin’s warlord Prigozhin January 28, 2025 The legal regulator is reported to “have decided to take no further action” against law firm Discreet Law which acted for the former leader of leader of Wagner Group, Yevgeny Prigozhin. As revealed by Democracy for Sale, the Solicitors Regulation Authority (SRA) decided that London-based Discreet Law “acted appropriately” when representing the sanctioned Wagner leader. [...]
Law firm RPC elects new managing partner January 15, 2025 City-based law firm RPC has selected Antony Sassi to step up to the leadership role of managing partner of the firm, succeeding James Miller
Why the London Stock Exchange is no longer a home for the legal sector January 14, 2025 A scandal broke out at one of the only remaining listed legal groups last week. It is time to say the London Stock Exchange is not the place for the legal sector
Quinn Emanuel: US law firm’s City of London office revenue soars January 13, 2025 US law firm Quinn Emanuel’s revenue over 2024 in London was up double-digits as litigation continues to boom
Lawyer hourly fees at US firms boom January 10, 2025 The hourly fees charged by lawyers in the US have jumped nearly seven per cent in the last year, the fastest rate since the global financial crisis
Reed Smith: US law firm appoints real estate veteran as London managing partner January 9, 2025 US law firm Reed Smith has appointed a real estate partner to take over from Andrew Jenkinson, who held the leadership position since 2015
Time to address the elephant in the room: AI’s impact on legal fees January 7, 2025 Last year, the legal sector saw record-level salaries and large mergers, all while rolling out every AI policy under the sun. So what does 2025 look like?
Post Office scandal: Lawyers paid millions as MPs call for transparency on legal costs January 2, 2025 Lawyers from City firms were making millions whilst the majority of the money set aside for redress scheme has not to be paid out to the Post Office victims