The uneasy peace between law firms in London after the US won the pay war is over. Now the Magic Circle are facing a fresh battle that they might not be able to win

7 min read

Linklaters Freshfields Bruckhaus Deringer Legal Services Clifford Chance Slaughter and May

Will more Shearman & Sterling partners leave?

James Booth

Your guide to the week’s top legal stories

5 min read

DLA Piper Slaughter and May Legal Services Shearman & Sterling Allen & Overy On the move Kirkland & Ellis

Wanted

Rising Stars of European Finance 2025

Bilal Jafar

Crypto hedge funds battle to stay positive after tariffs hit markets

Hedge funds buck jobs gloom as Millennium, Man Group, Brevan Howard hire for hundreds of roles

Bill Ackman sees potential ‘rigging’ in Adani’s share sale

Credit Suisse, Citigroup pull back from margin loans on Adani securities as stock rout continues

Hedge fund Bridgewater picks Karen Karniol-Tambour as co-chief investment officer

Hedge funds are jumping on the ChatGPT bandwagon — here’s what you need to know

Hedge fund billionaire Bill Ackman says Hindenburg’s report about India’s Adani Group is ‘highly credible’

Ex-JPMorgan trader Yves Masselin joins hedge fund Eisler Capital as portfolio manager

Why small hedge funds look set to outpace larger rivals in 2023

From Rokos to Third Point, how the tables turned for hedge funds in 2022

An Audience With

Check out FN's latest profiles

Slaughter and May promotes five new partners

James Booth

Slaughter and May has boosted its partner ranks in London and Brussels

1 min read

Slaughter and May Legal Services

JPMorgan, Goldman and UBS advise on Nationwide’s £2.9bn Virgin Money deal

Virgin Money’s share price jumped more than 30% following the disclosure of the deal

2 min read

Investment Banking Slaughter and May Legal Services UBS JPMorgan M&A Goldman Sachs Clifford Chance

Magic Circle law firms beef up crypto teams: ‘Everyone wants a piece of it’

Alex Daniel

Crypto's boom-and-bust cycles have pushed it into the mainstream. That means more work for lawyers

5 min read

Crypto Slaughter and May Legal Services Blockchain Legal Cryptocurrency Clifford Chance

Magic Circle should consider EY-style spin-offs, ex-Slaughter and May senior partner says

James Booth

Top law firms should examine spin-offs to 'add pace' in race against US rivals, says Christopher Saul

3 min read

Freshfields Bruckhaus Deringer EY Slaughter and May Legal Services Professional services Allen & Overy Clifford Chance

Slaughter and May boosts junior pay to £115,000 in post-pandemic overhaul

James Booth

The raises follow a a 'period of intense home working' says the firm's senior partner Steve Cooke

2 min read

Pay and Bonuses Slaughter and May Legal Services

Magic Circle law firms must merge or move to mid-market in fight against US firms, says report

'They probably don’t have the right answer because they are a room full of millionaires that refuse to believe that their business model is in trouble'

By James Booth