Allen & Overy has become the latest Magic Circle firm to announce pay increases for its trainees and newly qualified associates (NQs), alongside a slightly reduced September 2018 retention rate.

Weil Gotshal & Manges and Slaughter and May have scooped key mandates on Bain Capital’s proposed £1.2bn takeover of UK insurer esure as RPC and Clifford Chance (CC) wade into the House of Fraser saga.

Ince & Co’s senior partner Jan Heuvels has stepped down just weeks after a wave of cuts in the firm’s London office saw 32 job losses.

It has been a choppy year for the Scottish economy but local independent Burness Paull has used a 30% increase in international mandates to drive its ninth consecutive year of revenue growth.

White & Case is continuing its aggressive City expansion with two disputes hires, the firm’s eighth and ninth laterals this year.

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