Banking giant UBS has been defeated in the Commercial Court today (4 November) over a $340m dispute it mounted against German water utility company Kommunale Wasserwerke Leipzig (KWL) relating to the sale of complex derivatives products by the bank, after a five-year long battle that saw Addleshaw Goddard and German firm Noerr defeat Mayer Brown.
Lateral hires last week have seen Mayer Brown, DLA Piper and Reed Smith make key hires in their US practices, while a Bingham McCutchen partner exits to go in-house.
Mayer Brown will be cutting its September 2016 trainee intake by half, taking in just ten applicants compared to their usual intake of 20.
A year of expansion has seen top 15 Global100 firm Sidley Austin post solid 2013 results, with revenue up by around 7% to $1.6bn from $1.49bn and net profits up by around the same margin to $547m from $510.5m. The firm’s profit per equity partner (PEP) and revenue per lawyer both rose by approximately 4% to $1.87m …
Mayer Brown has released its LLP results for the year ending 2012/13 for the UK business, reporting a 9.5% loss in revenues while profits are down by 5.5%. The top 30 Global100 firm’s UK results filed with Companies House on 3 February show its turnover dropped from £105.9m in 2012 to £95.8m last year. Profits …
Mayer Brown is continuing to beef up its City offering with its seventh partner hire in two months, as Allen & Overy (A&O) employment and benefits partner Stefan Martin joins the firm, the top 25 Global 100 firm announced last week. The appointment of Martin – who joined A&O in 1992 and has been a …
Eight months in the making, Mayer Brown’s revamped international strategy will now see the US law firm re-group around its large international clients and allocate significant resource to providing a more joined up global service in which London is forecast to be key. The new strategy, put together by the 1,536-lawyer firm’s 12-strong partnership board and …
Eight months in the making, Mayer Brown’s revamped international strategy will now see the US law firm re-group around its large international clients and allocate significant resource to providing a more joined up global service in which London is forecast to be key. The new strategy, put together by the 1,536-lawyer firm’s 12-strong partnership board …
Mayer Brown has added to its tally of recent London hires as Berwin Leighton Paisner (BLP) finance and restructuring partner Trevor Wood joins the US firm. Wood will be reunited with former BLP banking and finance partner Richard Todd when he joins 1,536-lawyer Mayer Brown, which has made six lateral hires in its London office in the …
Mayer Brown is boosting its English law securitisation capability with the hire of former Mayer Brown lawyer Richard Todd, who re-joins the firm from Berwin Leighton Paisner (BLP) alongside Allen & Overy banking associate David O’Connor. Todd will work on domestic and international structured financings alongside former colleague and head of the banking and finance …
