Ashurst has tapped into the magic circle in a bid to strengthen its finance practice, hiring Linklaters debt capital markets (DCM) partner Francis Kucera to its City-based securities and derivatives practice.
In his new role, Kucera will strengthen Ashurst's DCM offering in the emerging markets. He joins a two-partner team – including former Linklaters' colleague Stephen Edlmann who joined in 2010 and Clifford Chance senior associate Derwin Jenkinson, who joined as a partner in January this year. The team is led by Anna Delgado, who joined from Allen & Overy ten years ago.
Manchester's Pannone is offering voluntary redundancies to around 100 staff as a result of its recently announced takeover by Slater & Gordon (S&G).
As reported by RollOnFriday today (9 December), there will be no compulsory redundancies but Pannone has informed around 100 individuals that it is unlikely that there will be positions waiting for them at S&G. Neither Pannone nor S&G would comment when contacted by Legal Business.
It was a long time coming but Herbert Smith Freehills (HSF) has finally agreed a compromise to unite equity partner pay just over a year after the union of Herbert Smith and Australian leader Freehills.
The deal will see the two firms combine their partnerships under a 'global managed lockstep', a break from previous attempts to usher in more radical performance-based rewards for the combined partnership.
As Legal Business reported three weeks ago, the firm has decided to allow legacy Freehills some latitude when it comes to how they pay their partners.
Pinsent Masons has launched a Paris TMT practice with a six-strong team from Paris-based boutique technology firm Ichay & Mullenex Avocats (IMA).
Led by partners Diane Mullenex and Frédéric Ichay, along with Annabelle Richards who joins as a legal director, the team will bolster Pinsents' around 25-strong French base, which opened in September 2012 and includes 10 partners.
Since forming in 2004, IMA has focused on technology, telecoms, e-commerce transactions and in regulated online businesses, including gaming and gambling and is recommended in The Legal 500.