Big Law Pay News Sees Freshfields’ Fresh LookFreshfields Bruckhaus Deringer, one of the UK’s Magic Circle heavyweights, is thinking about bringing back a salaried partner tier, placing some partners on a fixed, hefty salary instead of a share of the firm’s profits. It’s a big deal, especially since Freshfields had moved away from this model […]
Freshfields Look at Salaried Partner Tier . . Again! Read More »
Slaughter and May has decided to maintain its newly qualified solicitor salaries at £150,000 this spring Financial Times. Since 2021, junior pay has climbed every year—100k to 150k in four leaps. Now, nothing.The reduced deal volume and rising costs have taken their toll so far as legal pay rates are concerned among biglaw firms, which
When “No News” Is News: Slaughter and May’s Pay Freeze Read More »
Knights, one of the UK’s fastest-growing professional services firms, has taken a major step forward in the South East by acquiring Essex-based Birkett Long for an initial £10 million following last year’s downtrend in transactional work and layoffs from the firm.The move brings around 90 lawyers and 10 financial advisers into the Knights fold, expanding
Knights Expands South East Reach with £16.6 Million Birkett Long Acquisition Read More »
Garfield: The Ultimate AI Law DisrupterMove over, billable hour-there’s a new associate in town, and it doesn’t need coffee breaks or job reviews. It’s the ultimate AI legal disrupter – a law firm that is entirely driven by AI.The UK Solicitors Regulation Authority (SRA) has just authorized Garfield AI, the UK’s first law firm run
Freshfields LLP has recently strengthened its energy and infrastructure practice by hiring Alistair McKechnie as a finance partner in London from rival firm Paul Hastings LLP. The appointment follows Freshfields’ earlier recruitment of Jessamy Gallagher and Stuart Rowson, who also joined from Paul Hastings in March 2025.McKechnie brings expertise in infrastructure and acquisition finance, having previously
Freshfields’ Continues Its Recruitment of Paul Hastings’ Lawyers Read More »
Global law firm Freshfields has today announced the continued expansion of its global energy and infrastructure business with the appointment of finance partner Alistair McKechnie in London. McKechnie joins from Paul Hastings and follows the recent additions of internationally renowned lawyers, Jessamy Gallagher (pictured) and Stuart Rowson. McKechnie has practised at some of the world’s largest
The UK Law Private Equity PinchJacqui Coombe, LawFuel contributorIn the latest episode of “When Private Equity Buys Your Law Firm,” DWF is showing over 100 staff members the door marked “consultation” – a corporate euphemism we all know precedes the actual exit sign. The top-25 UK firm has launched a redundancy consultation affecting 108 employees which
Performance Plan Backfires When Law Firm Mishcon de Reya Hit with £24K Payout for Constructive DismissalJacqui Coombe, LawFuel contributorPaul Hemmings’ stint as commercial director at Mishcon de Reya’s cyber business reads like a cautionary tale for law firm management everywhere. Hired in 2020, Hemmings was promised a 3 percent commission on all fees he originated—a
Mishcon de Fail – Law Firm Ordered to Pay Ex-Director After Tribunal Takedown Read More »
The UK’s legal world is in the midst of a dramatic change with the driving force is coming from US law firms that are expanding aggressively into London, triggering a fierce battle for both clients and top legal talent.
London has always been a global legal powerhouse, but in recent years, US law firms have set their sights on the city like never before.
By 2021, nearly 90 major US firms had opened London offices, and that number has only grown since.
How US Law Firms Are Shaking Up The UK Legal Profession Read More »
Financial Services Group Buys Legal Firm In Further Growth of ABS MovesBen Thomson, LawFuel contributing editorPss . . wanna buy a law firm? The acquisition of Birdi & Co Solicitors by Fusion Consulting Group is a further example of how the legal industry in the UK is evolving as a result of deregulation around law
The Growing Tide of Non-Law Firms Buying Law Firms Read More »
