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Linklaters Halts Plans to Withhold Distributions to Departing Partners

Linklaters has ditched proposals to withhold profit distributions due to partners who leave the firm for competitors.  The move comes part of a wider suite of changes to how the firm rewards departing partners, as part of which the partnership voted in favour of proposals to scrap cessation payments—sums it has…

Goodwin Latest Firm to Raise NQ Salaries as Pay War Looms

Goodwin Procter is the latest firm to adjust its newly qualified solicitor salaries as the firms across the city continue to compete for the highest rates. The Boston-founded firm is upping its rates to £175,000, up £15,000, according to people at the firm, bettering rivals such as Kirkland & Ellis, Milbank…

Six Partners to Leave Clyde & Co in Australia Following Review

Clyde & Co is introducing a salaried partner role to its Australian partnership and letting go of six partners following a review of the business. In a message to staff, the firm’s Australia managing partner Rebecca Kelly said the firm needs to improve its operating model and profitability for the…

CooperSurgical Lawsuits Face Jurisdictional, Venue Challenges

The parties in the lawsuits against CooperSurgical Inc., in which plaintiffs allege that the company’s recalled culture media caused mass loss of viable embryos during the in vitro fertilization process for many couples, disagree on issues of general personal jurisdiction and venue. The Cooper Companies Inc. and CooperSurgical filed motions…

Trump Seeks to Lift Manhattan Gag Order Following Guilty Verdict

Defense counsel for Donald Trump have asked the Manhattan judge who presided over their client’s Manhattan criminal case to lift a gag order, now that the former president has been found guilt of 34 felony counts of business records fraud. In a letter to Acting Supreme Court Justice Juan Merchan, attorney Todd…