Having endured a difficult time in recent months with the exodus of multiple partners from its London office, US firm Edwards Wildman has also seen financial challenges in the UK as evidenced by its latest LLP accounts which recorded a 10% drop in turnover to £25.1m from £27.8m, alongside a 21% drop in profit available for discretionary division among members to £7.6m.
Slaughter and May corporate partners Richard de Carle and Susannah Macknay are spearheading a demerger at mining giant BHP Billiton, which is spinning off its less profitable aluminium, silver, South African coal, manganese and nickel businesses into a new company estimated to be worth around $14bn.
The legacy Squire Sanders practice in the Middle East, a team of 23 lawyers that included five partners, has exited Squire Patton Boggs following the firm’s merger, leaving it with Patton Boggs' legacy affiliate The Khalid Al-Thebity Law Firm.
Following a string of international lateral hires over recent months, Clyde & Co continues to bolster its team in the Middle East with Herbert Smith Freehills (HSF) Islamic finance specialist Adil Hussain joining the firm.
PwC Australia has hired former King & Wood Mallesons managing partners, Tony O'Malley and Tim Blue, to spearhead the expansion of the accounting giant's corporate legal services business across the Asia Pacific.