Linklaters partner pay tops £2m as firm eyes further US expansion
ShareResizePre-tax profit at Linklaters surpassed £1bn for the first time in the year to 30 AprilPhoto: Bloomberg via Getty ImagesEquity partners at Linklaters are set to take home an average of £2.2m, marking a 15% increase on the previous year.The Magic Circle law firm posted a 11% rise in revenue to £2.3bn in the year to 30 April 2025, while pre-tax profit was up 14% to £1.08bn. It is the first time profit has surpassed the £1bn mark.
Ashurst and Perkins Coie rule out post-merger private equity deal
ShareResizePerkins Coie's Bill Malley, left, and Ashurst's Paul Jenkins, right tell FN there can be a potential 'culture issue' when taking on buyout shop fundingCity law firm Ashurst and US peer Perkins Coie have ruled out taking on private equity investment after their transatlantic merger.Speaking toFinancial News, Paul Jenkins, global chief executive of Ashurst, said there is “no intention” to strike a deal with private equity investors once the firms combine to create Ashurst Perkins Coie.
Ex-PwC consultant launches law firm advisory business as private equity targets sector
ShareResizeThe City’s legal landscape is shifting rapidly thanks to buyout interestPhoto: Bloomberg via Getty ImagesA former PwC and Linklaters consultant has launched a business advising law firm leaders as the industry consolidates and private equity firms seek to muscle their way into the lucrative sector.Greg Jackson spent three years at Big Four accountancy firm PwC as a law firm strategist and consultant. Previously he was global director of strategy at Magic Circle law firm Linklaters.
Natasha Harrison: ‘I made a career out of being adverse to Credit Suisse’
ShareResize‘Do I have any regrets about leaving and starting my own firm? Absolutely not,’ Harrison tells FNPhoto Illustration: Danilo Agutoli for FNCredit Suisse’s woes have kept one City lawyer very busy in recent years. Natasha Harrison, who launched litigation law firm Pallas Partners in 2022, jokes that she was in constant conflict with the Swiss bank before its emergency takeover by UBS in 2023.“I seemed to make a career out of being adverse to them,” she says.
Private equity firms bolster European legal teams
ShareResizeWho will win the City’s race for buyout lawyers?Photo: Jose Sarmento Matos/Getty ImagesThis is an online version of Financial News’s weekly legal newsletter, FN Law. To subscribe, click hereThe race for private equity legal talent is heating up.
After pouring into professional services, what’s private equity’s exit plan?
ShareResizePrivate equity firms could continue passing the parcel on as their acquisitions scale upPhoto: Getty ImagesBuyout bosses and advisers say a recent boom in professional services deals shows little sign of slowing down, and private equity will continue to play a major role in the sector over the next decade.Private equity firms have scored a raft of big-ticket deals in the past two years, including for Grant Thornton, S&W and DWF, drawn by the sector’s steady revenue, consolidation opportunities and technology disruption.