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Several Top U.K. Firms Confirm Trainee Retention Rates for Autumn
This month, a number of U.K. firms have announced their trainee retention rates for September. Herbert Smith is set to keep on 44 out of 55 of its newly qualified lawyers, while at BLP, 19 out of 20 of its trainees will be staying. Hogan Lovells has announced it is retaining 24 out of 33 trainees.Paul Hastings Continues Private Equity Push With London Partner Hire
Paul, Hastings, Janofsky & Walker has hired M&A partner Garrett Hayes from Macfarlanes as part of its emphasis on building out its London corporate practice. Global corporate vice-chair Ronan O'Sullivan said the London office is "actively looking" for more hires in leveraged finance and securities.Private Client Work Goes Global
Private client work has changed in both complexity and geography, said attendees of the fifth annual Legal Week Private Client Forum. While there may still be a concentration of millionaires in the G8 economies, the rate of growth in the number of millionaires being created is significantly higher in Asia, the Middle East and Latin America. "We need to know about tax and legal systems everywhere our clients are from -- and that means everywhere," says Macfarlanes partner Sebastian Prichard Jones.Australia's Slater & Gordon to Acquire U.K. Litigation Firm
The world's first publicly listed law firm, Australia's Slater & Gordon, is planning a groundbreaking $85 million deal to acquire London-based Russell Jones & Walker, under new rules governing the ownership of U.K. firms.World's First Listed Law Firm Takes Over U.K. Personal Injury Firm
Australia's Slater & Gordon, the world's first publicly listed law firm, is set to acquire U.K. personal injury specialist law firm Russell Jones & Walker for �53.8 million in a Legal Services Act first. The takeover, which is subject to regulatory approval, marks the first outside of the Australian market for Slater & Gordon.Urge to Merge Continues: McKenna Long, Herbert Smith Eye New Nuptials
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