A&O Shearman is set to cut 10% of its partnership, close its South Africa office and end its consulting business, in the firm’s first major reorganisation since it completed its merger this May.
Seladore Legal announced today (5 September) that it has opened its first international office in Milan. The office will be led by Laurence (Larry) Shore, who joined the firm from BonelliErede as a partner earlier this week.
In the offshore world as elsewhere, tough economic conditions made 2022-23 a rough year. ‘With uncertainty in the global markets, high inflation, and high interest rates, there was a lack of certainty in some corporate areas where companies didn’t necessarily want to deploy their capital,’ says Bedell Cristin group managing partner Tim Pearce. Appleby group …
Continue reading “On sure footing – offshore leaders see reasons for optimism”
Five elite US law firms have helped to push through the biggest M&A deal of the year so far – the $36bn acquisition of Pringles and Pop Tarts maker Kellanova by Mars. The all-cash offer values Kellanova at $83.50 per share – a premium of around 33% to its 52-week high as of 2 August.
The FCA has rolled out its listing rules reforms in a move that aims to reinvigorate the UK’s ailing capital markets. But will the changes be enough to make up for more than a decade of sluggish performance?
Transfer window stays open for summer as Paul Weiss picks up Kirkland City funds partner and Goodwin hires from Dechert.
Turning the page on last year’s disappointing financial performance, when revenue nudged up by just 1% and profit per equity partner (PEP) stayed flat, Travers Smith today (29 July) announced record-breaking results for 2023-24. Revenue passed £200m for the first time, reaching £215m —a nearly 10% increase from last year’s £197.5m.
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14%
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
Ashurst is targeting expansion in the US as the firm announces financial results that show profit per equity partner reaching a record high and turnover just shy of £1bn.
