Fides Weekly Update – 14th June 2019


Hello and welcome to the Fides Weekly Update, your digest of this week’s key legal trends, moves and developments from across the globe.

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This week:

 

1). Law firms embrace tech portal to drive applications from disadvantaged backgrounds

A group of ten law firms have signed up to use Vantage, a web portal launched by contextual recruitment company Rare, to match firms with talented students from low-participation schools.

The portal targets the UK’s 100 ‘high low schools’, where only one in 40 students achieving an A at English A-level go on to apply to the legal profession.

This compares to one in three students with the same grade who apply to become a lawyer from elite schools, a 12-fold increase in applicants.

Vantage allows firms to see candidates’ achievements on the portal within the context of how they gained those achievements, taking into consideration aspects of their background including postcode, school quality, eligibility for free school meals, refugee status, and any time spent in care.

The portal aims to double the number of applicants from this pool in the next three years, and was launched in collaboration with the following firms: Baker McKenzie, Clifford Chance, Eversheds Sutherland, Herbert Smith Freehills, Hogan Lovells, Linklaters, Macfarlanes, Pinsent Masons, Slaughter and May and Travers Smith.

 

2). Movers & Shakers

Appointments

White & Case Creates New Role, Improves Gender Split In Leadership Committee

Clydes Senior Partner to Step Down Two Years Early

Thomas Cook GC moves over to FTSE 100 developer

 

Moves

Dechert Hires Sidley City Partner Duo

Funds partner John McGrath and litigation partner Simon Fawell are set to join Dechert next week

Stephenson Harwood Hits US Firm For Rare City Hire

Litigation and investigations partner Justin McCelland joins the London office of Stephenson Harwood after seven years as a partner at Winston & Straw

Former Kaye Scholer City Head Quits Merged Firm to Lead Rival Practice

The former London head of legacy firm Kaye Scholer Andrew Harris, is leaving the firm’s London office to lead the European corporate and private equity arm at Vedder Price

London Disputes Partner Exits King & Spalding For Kobre & Kim

King & Spalding City partner Nick Cherryman has left the firm to take up a post at a fast-growing litigation U.S. rival

US Firm Cuts London Partner Loose After 18 Years’ Service

Well known Duane Morris litigator Jonathan Cohen is understood to be leaving the firm

Simmons revives PE ambitions in Paris with Gowling WLG trio

Partner Jérôme Patenotte, who was at Gowling WLG for nine years, will lead Simmons’ new private equity practice. He joins the firm along with of counsel Sophie Mesnier-Teissedre and senior associate Savina Jouan

 

Mergers & Alliances

Top Australia-Listed Plaintiffs Law Firms Discussed Merger, Report Says

Penningtons Manches is to merge with Thomas Cooper

 

Office Openings & Closings

UK Firms’ Seoul Offices Safe as Britain Signs Trade Deal With Korea

DWF Adds 40 Partners Via Latest European Association

Andersen Global Bolts on German Law Firm

Dentons continues Africa push with Zimbabwean tie-up

 

Partner Promotions

Morgan Lewis promotes London lawyer in US-heavy round

 

Financials

Eversheds Sutherland PEP Hits Record High

Clyde & Co Revenue Tops £600M

Kennedys Revenues Smash £200M Barrier for First Time

White & Case Boosts Trainee Salaries as Pay War Intensifies

CC Boosts NQ Pay to £100,000 Amid Associate Pay War

Skadden NQs get £15,000 pay rise

 

Inclusion and Diversity

Slaughters, CC Among Firms Supporting New Student Social Mobility Drive

Ashurst Global Board Member Dismissed Over Conduct

HSF faces SRA scrutiny after claims of aggressive behaviour

 

Technology and Innovation

Linklaters Launches Free ‘Digital’ Internships for UK Students

Stephenson Harwood associates told to innovate under new scheme