The Lex 100 News
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SRA update on LPC assessment – continuing impact of Covid-19
The Solicitors Regulatory Authority (SRA) has announced changes to its rules on testing requirements for the Legal Practice Course (LPC) to reflect the government and NHS guidelines on coronavirus COVID-19 pandemic protection. The SRA’s announcement came after it had initially advised for student exams to be postponed, which proved controversial. It has since changed its …
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Covid-19 Vacation Scheme Round-Up
As the Covid-19 pandemic continues to unfold, the impact on solicitor legal training has started to take shape. A growing number of firms are postponing their vacation schemes, open days and other work experience opportunities. For example, White & Case have confirmed that its spring vacation scheme, scheduled to run from the 23rd of March …
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Coronavirus update: The Legal 500 pushes back research schedule to ease pressure on clients and firms
The Legal 500 is pushing back its research schedule in response to the coronavirus pandemic, suspending all client contact for the next four weeks. At a time when law firms and their clients are under unprecedented pressure, we have taken the decision not to add to the burden. All client feedback surveys for the UK Solicitors …
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Freshfields and Slaughters drafted as Government reveals details of Covid-19 business support package
The UK Treasury and Bank of England (BoE) have called in their go-to counsel Slaughter and May and Freshfields Bruckhaus Deringer as they iron out details of the multibillion-pound support scheme to underwrite British business through the coronavirus crisis. The UK Government announced last week the Covid-19 Corporate Financing Facility to help companies with cash …
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Guest post: Coronavirus tears up competition regimes for foreign investments as Europe struggles to shield reeling economies
COVID-19 continues to wreak havoc with the global economy, disrupting all manner of business throughout the world. Stock markets have plummeted and many companies are having to grapple with economic damage that seemed unimaginable at the start of the year. This unprecedented environment could afford opportunistic buyers the chance to acquire or invest in companies …
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Coronavirus latest: Supreme Court goes virtual as junior lawyers plea against postponing exams
For the first time in its history, the Supreme Court conducted a case entirely through video conferencing this morning (24 March), after taking the decision to close its building to the public due to the spread of Covid-19. The move saw the matter of Fowler (Respondent) v Commissioners for Her Majesty’s Revenue and Customs (Appellant) conducted virtually, with …
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Revolving doors: Orrick adds four-partner WFW projects team as Taylor Wessing invests in employment bench
After an eventful week and with many lawyers working from home until further notice, City firms and US rivals continue to ramp up hires as Orrick, Herrington & Sutcliffe, Taylor Wessing and Pinsent Masons all made hires in London. Orrick appointed a four-partner team to its energy and infrastructure practice in London from Watson Farley & Williams. The team includes energy and infrastructure partners Evan Stergoulis, Simon Alsey and Ravinder Sandhu, …
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‘Under-funded and ill-served’ courts face pressure to adapt as coronavirus hits the justice system
Courts in England and Wales have made changes to their practices as the Lord Chief Justice joins those dismissing claims the courts can operate as normal as the spread of coronavirus widens. The justice minister Chris Philip said this week courts would be ‘operating as normal’ despite guidance from the Prime Minister Boris Johnson warning …
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Kirkland remains world’s highest-grossing law firm in becoming first to surpass $4bn
Kirkland & Ellis has added $390m to it top line to trounce Latham & Watkins once again as the world’s highest-grossing law firm, as global turnover surged to $4.15bn. The Chicago-bred giant on 18 March revealed results for the 2019 financial year, revealing a 10% hike in revenue from $3.76bn last year. Profit per equity partner …
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Slaughters makes up seven in the City with bulked-up promotion round
City blueblood Slaughter and May has promoted seven partners in the City and one in Hong Kong following an increased promotion round, with corporate receiving the lion’s share. The promotion round sees London land four additional corporate partners, with one apiece going to the firm’s infrastructure and natural resources, investigations and financing practices respectively. In Hong Kong …
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