Profits at Dechert’s UK LLP dropped 21% from £35m to £27.7m for the 12 months to 31 December 2013, according to filings recently made to Companies House, with total revenue falling to £67.7m from £70.0m.
Alternative business structure (ABS) Quindell has posted a huge revenue increase in the first half of 2014 with its Legal Services Division bringing in £179.6m, 139% up on H1 2013.
Weil Gotshal & Manges’ head of European high yield Gil Strauss has become the most recent prominent partner to leave the firm, after several high profile London office exits within the last year, with his decision to re-join Simpson Thacher & Bartlett.
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 …
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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.
Mishcon de Reya is set to bring all partners into the equity and convert to a limited liability partnership at the end of autumn in 2015, following a vote made by the firm around eight months ago.
After a long-running dispute between Clyde & Co and former partner Krista Bates van Winkelhof, the firm has finally settled the whistleblowing case outside of court.
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.
