Travers’ bonus tweaks lead to improved gender pay gap figures

Travers Smith has improved its bonus gender pay gap after increasing the amounts awarded to business services staff. For the 2017/18 financial year, Travers upped the rewards handed out to its PAs and business services employees, a move that contributed to the narrowing of its bonus gender pay gap. In the firm’s most recent results, […]

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Squires pulls the plug on Budapest in latest CEE exit

Squire Patton Boggs has closed its Budapest office following a strategic review that echoes the destiny of a number of international firms in the region. The US firm’s five-strong Budapest office, which officially shut in late January, was helmed by managing partner Akos Mester, who previously co-led the office with M&A lawyer Akos Eros as […]

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Goodwin’s City figures skyrocket after KWM and Dechert hires

Goodwin Procter’s London office increased its revenue by more than 58 per cent last year on the back of team hires from Dechert and King & Wood Mallesons in 2017. Turnover leapt from $43m in 2017 to nearly $67m in 2018, after a 64 per cent rise in London headcount. The firm’s City presence was boosted by […]

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Clifford Chance posts March 2019 retention

Clifford Chance has retained 46 of its 51 final-seat trainees as newly qualified (NQ) solicitors, a retention rate of 90 per cent. Fifty of the trainees had applied for NQ positions. The result is similar to last spring, when the firm kept on 91 per cent of its qualifers. Clifford Chance’s result beats Allen & […]

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Bristol firm enlisted in surprise buyout of Patisserie Valerie

Burges Salmon has been summoned to the rescue of scandal-struck café chain Patisserie Valerie, which has been bought by an Irish private equity company. Corporate restructuring partner Andrew Eaton is acting for Causeway Capital Partners, which has rescued Patisserie Valerie from its administrators KPMG for an undisclosed sum. Prior to joining Burges Salmon in 2016, Eaton […]

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Freshfields competition guru to join Brunswick Group

In what is thought to be the first senior move from law to public affairs, Freshfields Bruckhaus Deringer competition veteran John Davies is to leave the magic circle firm in April to join Brunswick Group as a senior adviser. ‘I’ve seen how competition investigations into both deals and corporate behaviour are becoming more “political“ as […]

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Ropes & Gray NQ pay rises to £120,000

Ropes & Gray had raised its salary for newly qualified (NQ) solicitors to £120,000. It rises from £115,000 The firm has also retained two out of three of its London trainees qualifying this March. They join the firm’s private equity transactions and asset management practices. Training partner Rohan Massey said: “We’re proud of our trainee programme, […]

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