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Gowling records trainee retention score of 61%

Gowling records trainee retention score of 61%

14 of 23 Gowling WLG will retain 14 out of 23 trainees due to qualify this autumn, handing the firm a score of 61%. It would appear competition for spots was particularly Hugh in the firm’s London office where there…

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Monday morning round-up

Monday morning round-up

The top legal affairs news stories from this morning and the weekend CPS hires more trainee lawyers in bid to compete with Big Law [Financial Times] (£) Law student charged in connection with ‘dissident republican bomb’ seized near Irish border…

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Willkie teams up with OpenAI to build legal tech tools

Willkie teams up with OpenAI to build legal tech tools

Another BigLaw-tech tie-up US law firm Willkie has teamed up with ChatGPT-maker OpenAI as part of the firm’s push to build its own AI tools. Under the deal, announced this week, Willkie will roll out ChatGPT Enterprise across the firm…

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HSF Kramer’s first results as combined firm reveal £1.8 billion revenue

HSF Kramer’s first results as combined firm reveal £1.8 billion revenue

Partner pay hits £1.53 million HSF Kramer has posted revenue of £1.8 billion ($2.4 billion) in its first set of financial results since the merger of Herbert Smith Freehills and Kramer Levin. The figures cover the period from 1 May…

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Billionaire’s spies targeted DWF partner in sting operation to get insider info on £300m dispute

Billionaire’s spies targeted DWF partner in sting operation to get insider info on £300m dispute

Wined and dined A City law firm partner was encouraged to consume alcohol over a lengthy lunch and dinner by private spies posing as prospective clients, in a covert sting the Court of Appeal has condemned as having “no place…

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Travers Smith bounces back with record £229 million turnover 

Travers Smith bounces back with record £229 million turnover 

Partner pay hits £1.4 million Travers Smith has posted record financials across the board, with turnover reaching £229.4 million and profit per equity partner (PEP) climbing to £1.4 million, the highest in the firm’s history. Turnover rose 9.1% to £229.4…

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What the lawyer picks in Andy Burnham’s Cabinet tell us about the way he will govern

What the lawyer picks in Andy Burnham’s Cabinet tell us about the way he will govern

One quit his training contract after 10 months and never actually qualified Andy Burnham’s newly announced Cabinet features three lawyers, a former trainee solicitor who didn’t finish his training contract and a non-lawyer who’s been given the role of Lord…

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Clifford Chance partner pay climbs to £2.3 million

Clifford Chance partner pay climbs to £2.3 million

Up 9% Magic Circle firm Clifford Chance partners are now pocketing an average of £2.3 million each, as the firm posted record results for the last financial year. The 9% PEP bump came alongside revenue climbing 9% to £2.6 billion…

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Mishcon de Reya signs 20-year lease for new Holborn HQ

Mishcon de Reya signs 20-year lease for new Holborn HQ

Relocating in 2029 Mishcon de Reya is on the move, signing a 20-year lease for four floors at Holborn’s MidCity Place. The firm will occupy 161,000 sq ft across four floors, including a large client hospitality and events space, once…

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Debevoise analyst posed as firm lawyer in tenancy row

Debevoise analyst posed as firm lawyer in tenancy row

Barred from profession A former compliance analyst at Debevoise & Plimpton has been barred from working in the legal profession after pretending to be one of its lawyers in a private tenancy dispute. Ridita Rahman, who joined the US firm’s…

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