Law Society Gazette: Freshfields and Linklaters dampen magic circle celebrations
Magic circle rivals Linklaters and Freshfields have recorded modest financial results to end a week of announcements by the UK's biggest firms.
Clifford Chance followed the lead of
magic circle rivals Linklaters and Allen & Overy by rolling in base pay and bonuses for junior lawyers to create a package that, while on the face of it is only # 1,000 more than the maximum available last year, guarantees virtually all of its NQ lawyers a salary of # 85,000.
Amid standout performances from
its magic circle rivals, Freshfields appears to have had a disappointing 2016 - 17 - but why?
Magic circle rival Freshfields Bruckhaus Deringer also landed a role on the issue, advising the underwriting banks — Goldman Sachs, Merrill Lynch and UBS.
Not exact matches
Fellow
magic circle firm Linklaters announced a deal with
rival technology company RAVN in May, allowing its lawyers to use RAVN's services for a number of automated tasks.
Magic circle firms take lead roles as Japanese
rival continues push to acquire Irish drug company Shire
Magic circle firm's transatlantic merger talks set to shake up market as
rivals rethink US strategies
The corporate star has been a partner at the
magic circle firm since 2001, and recently co-led CC's team that advised the controlling shareholders of AB InBev on its $ 275bn (# 177bn) merger with
rival SABMiller.
Magic circle firm to cut Germany - based partners» profits as part of a global drive to match its US
rivals
Another day, another
magic circle lockstep review, as the UK elite continue to flex partner pay to better compete with US
rivals on both sides of Atlantic.
Magic circle firm is advising the bookie in its talks with
rival Gala Coral to create a # 951m turnover company
As ever, the upper echelons of the PEP rankings are dominated by US law firms, with the
magic circle still trailing their Stateside
rivals by some way, despite strong performances from Allen & Overy and Clifford Chance.