DAC Beachcroft takes £4m hit on failed IT project, LLP accounts reveal Legal Business National law firm DAC Beachcroft took a £4.39m hit on a failed IT project as it tried to change its…
US banking results: Goldman Sachs quadruples annual legal spend as others cutback Legal Business The major US banks released fourth quarter 2015 results this week, with Goldman Sachs blaming poor profits on legal costs,…
‘Criminal capability’: Cooley makes key appointment with Sullivan & Cromwell litigator Delahunty Legal Business Cooley has kicked off 2016 with further hires to its now year-old London office, adding prominent Sullivan & Cromwell litigator…
Magic Circle trio and KWM advise on Clydesdale float as owner makes cut-price share offer Legal Business Clifford Chance, Allen & Overy (A&O), Linklaters and King & Wood Mallesons (KWM) are advising on Clydesdale and Yorkshire Bank’s…
‘A real achievement’: Pinsent Masons tops Stonewall rankings for LGBT inclusive law firms Legal Business UK top 20 firm Pinsent Masons is the top law shop, and fifth best overall UK employer for LGBT staff…
Guest post: Knowing when to reinvent – the Aetna plan for business health Legal Business There’s a fascinating article in the December issue of the Harvard Business Review that ought to be required reading for the…
Fried Frank hires Mayer Brown’s restructuring head to launch City workouts practice Legal Business Having launched a trio of practice areas – finance, private equity and funds – in London in just over a…
‘An absolute match’: Former Mayor Giuliani to join Greenberg Traurig in New York Legal Business Former New York Mayor and the face of Bracewell & Giuliani, Rudolph Giuliani (pictured), is leaving the firm for Greenberg…
Taylor Wessing taps King & Wood for COO Reid following MP resignation Legal Business Just days after the resignation of King & Wood Mallesons (KWM) European practice head William Boss, Taylor Wessing has announced…
Revolving doors: Reed Smith ups energy offering as Mayer Brown JSM and Ince & Co make Hong Kong hires Legal Business Reed Smith, which last week cut 45 jobs across its US, Europe and Middle Eastern offices, has bolstered its energy…
‘A common sense decision’: Bar Council moves Pupilage Gateway timetable Legal Business Following calls from students and chambers, the Bar Council is moving its Pupillage Gateway timetable so applicants know the outcome…
Former Olswang chief executive Stewart joins arbitrator hub JAMS Legal Business David Stewart (pictured), who unexpectedly stepped down as Olswang chief executive at the end of 2014 following a clash with…
‘Necessary adjustments’: 45 lawyers laid off in Reed Smith restructure Legal Business Reed Smith has axed 45 lawyers from its US, Europe and Middle Eastern offices as it makes the ‘necessary adjustments…
KWM to hold elections as Europe managing partner Boss stands down after less than a year Legal Business King & Wood Mallesons (KWM) is to hold managing partner elections for its European practice as William Boss has resigned…
Changing places: Barclays names new UK/EME general counsel Legal Business In another round of musical chairs at Barclays, the banking giant has appointed Victoria Hardy as general counsel (GC) for…
Guest post: How to run up a $1.6bn legal bill – the Nortel bankruptcy should be a wake-up call for the insolvency industry Legal Business What is a fair and equitable distribution of $7.3bn of global bankruptcy assets between multinational creditors where no legal mechanism…
Fintech play: Hogan Lovells hires Pinsent Masons financial services chief Salmon Legal Business Hogan Lovells has made a key hire in the City with Pinsent Masons financial services chief John Salmon, in a…
Best in class: One Crown Office Row tops QC appointments list with six members taking silk Legal Business Public and civil law set One Crown Office Row (1COR) has seen six of its junior barristers take silk in…
Killing the golden goose: City concerns as review backs online courts and regional court hearings Legal Business A landmark review of civil justice has backed the creation of an online court for claims worth up to £25,000,…
‘Need to secure value for money and quality’: industry groups welcome competition probe into legal market Legal Business In a move welcomed by industry groups, the Competition and Markets Authority (CMA) has launched an investigation into the legal…
