Swiss-based offshore drilling contractor Transocean has appointed a new general counsel (GC) and senior vice president over a year after former legal chief Nick Deeming left the role.
Former GC, vice president legal affairs and secretary of Swedish-American automotive safety systems manufacturer Autoliv, Lars Sjöbring, will join Transocean next year when his current notice period expires.
Prior to joining Autoliv in 2007, Sjöbring - who has master of law degrees in Sweden, the Netherlands and the US - held the role of senior legal counsel and subsequently director legal, M&A at Nokia since joining the telecoms group in 2003.
Nabarro has posted flat half year (H1) revenues for the 2013/14 year, with figures rising by a marginal 0.3% from £52.3m to £52.5m, the firm announced yesterday (4 December).
Speaking to Legal Business, senior partner Graham Stedman (pictured) attributed the static results to a 'quiet August and September' but noted the firm has experienced a 'pickup in real estate and corporate.'
He added: 'As you come out of recession, although the market is still challenging, you would expect the non-contentious parts of the firm to pick up and that's what we're seeing now.
A collection of some of Europe's strongest antitrust practices have been advising some of the world's largest global banks as they today (4 December) agreed fines with the European Commission for their participation in illegal cartels to rig interest rates.
Cleary Gottlieb Steen & Hamilton, Slaughter and May and Clifford Chance were among the law firms advising a total of eight international financial institutions – including the Royal Bank of Scotland, Deutsche Bank, JPMorgan, and Citigroup – who have been fined a total of €1.7bn for their roles in the cartels.
Clifford Chance is among the creditors of the European operations of Lehman Brothers set to receive a windfall after administrator PwC announced a total payout of $7.8bn, the latest in a series of payments made to creditors of the former US investment bank as it nears the end of its mammoth winding-up process.
According to one partner at the Magic Circle firm, the payment could be as much as £10m and a spokesperson for PwC said creditors are likely to receive payment before the end of the calendar year.
Lehman Brothers filed for Chapter 11 bankruptcy in September 2008, listing $639bn of assets against $613bn of outstanding debt but within days creditors filed claims of $1.2trn, double its assets.