The billable hour has been the brunt of criticism – mounting criticism – for many years. Blamed for its lack of flexibility, its alleged inefficiency and even for creating high burnout rates in the legal profession. But the billable hour remains. With lawyers required to bill from 1700 to 2500 hours years, the pressure to […]
Law Firms’ Fading Love Affair With the Billable Hour Read More »
Amid the #Metoo era and major efforts by the law profession to stamp out the culture issues that come with sexist, gender-offensive activity a major law firm is reportedly investigating a “highly offensive” text messaging group about female trainee solicitors. The Independent said it had received a statement from the big law firm confirming the
Big Law Firm Investigated For WhatsApp ‘T*ts and Filth’ Group Read More »
As the world’s highest-grossing law firm, Kirkland & Ellis is used to pushing the limits and has done so again making 141 partners in the largest partner-promotion in a big law firm. The firm promoted 122 partners last year and interestingly it works to fast-track associates to partnership in contrast to many firms that increasingly
Big Grossing Kirkland Promotes Record Number of Partners Read More »
Powered by LawFuel -LONDON, October 7, 2019: International law firm Weil, Gotshal & Manges LLP today announced that David Avery-Gee will join the Firm as an M&A partner in the London office. David is currently a corporate partner at Linklaters. He has advised on many high-profile and complex domestic and cross-border M&A transactions and IPOs across a
Weil to Add Leading Linklaters M&A Partner David Avery-Gee in London Read More »
Lady Hale, president of the UK Supreme Court, became a RBG-type social media sensation with her resounding verdict against Boris Johnson’s suspension of parliament. But it was more than the decision relating to the five-week suspension that the Prime Minister of Britain sought that aroused such great curiosity – it was the unusual spider brooch that
Investment in response to growing demand from lawyers Powered By LawFuel –Augusta, the UK’s largest litigation and disputes funder by case volume announces it has raised a further US $115m from a multi-billion-dollar US-based investment manager. In 2018, Augusta secured GBP £150m from a global investment fund, to finance business growth and investment in funding
Listed London law firm Rosenblatt announced the acquisition of Manchester corporate finance boutique Convex Capital, a M&A corporate finance boutique that helps smaller companies. The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May. Rosenblatt said the deal was in line with
Stock Market Listed Law Firm Diversifies With M&A Boutique Purchase Read More »
From the Ukrainian ‘Wild East’ to a middle-aged legal disrupter: The innovation lawyers making a difference Innovation in the law has been highlighted in a Financial Times article identifying 10 key innovations from law firms for the list prepared by both the FT and RSG Consulting. The recent list included a Ukrainian lawyer in the
The Innovative Lawyers: 10 Leaders Making A Change Read More »
“Compelling synergies” between two Big Law firms not enough to cement merger deal Attempts by City-based legal giant Allen & Overy to enter the US legal market have collapsed after 18 months of talks with US – based O’Melveny & Myers and evidences the structural differences between US and UK law firms. Allen & Overy
Why Allen & Overy and O’Melveny Fell Over . . And What It Says About US-UK Firms Read More »
New Productivity Tool From the World’s Top Earning Law Firm: Someone To Buy Your Doggie Booties Kirkland & Ellis are known for their aggressive revenue-generating culture, but have come in for some roasting for their new tool designed to increase further productivity. Their latest move to reportedly ‘chain lawyers to their desks’ by offering a
Are Kirkland & Ellis REALLY Chaining Lawyers To Their Desk? Read More »
