WeWork boasts huge growth – but losses double

WeWork – recently re-branded to The We Company – has reported doubling its revenue from last year to an impressive $1.82bn. However, its umbrella company also reported annual losses of $1.93bn for 2018. The jump in revenue was due to an increase in membership to 401,000 at the end of 2018, up from 186,000 from the year before. Now many[…]

It is announced today that Elevate is to purchase UK-based flexible lawyer firm Halebury

The US legal business Elevate has purchased the UK-based flexible lawyer firm Halebury, creating a combined business of over 1,000 staff and $70m in annual revenue. Halebury, as an ABS, will continue to operate under its own name and branding in the UK. Elevate provides legal technology, consulting and flexible lawyering to in-house legal departments[…]

Facebook’s General Counsel has now announced is not leaving

Colin Stretch, Facebook’s General Counsel, announced back in July 2018 that he would leave the company at the end of the year. The announcement came in the midst of the Cambridge Analytica data scandal, at a time when the company was still dealing with backlash regarding the company’s use of private data and the circulation[…]