The most notable headlines to emerge from Asia this week include Herbert Smith Freehills (HSF) deciding not to renew its coveted qualifying foreign law practice (QFLP) licence in Singapore, while EY has announced plans to expand throughout the region. Meanwhile, Clifford Chance‘s private equity practice has demonstrated its ties to key client Carlyle, despite high-profile …
In a major regulatory hire for Herbert Smith Freehills (HSF), the top 10 LB100 firm has hired Deutsche Bank’s global head of compliance, governance and regulatory affairs Andrew Proctor to join its global financial services regulatory practice.
In a week that has seen Freshfields Bruckhaus Deringer appoint firm lifer Julian Long as London managing partner, Slaughter and May today announced that Andy Ryde has taken over as head of corporate and Andrew McClean as head of finance, both who trained with the Magic Circle firm.
In the first major development since PricewaterhouseCoopers last month received authorisation from the Solicitors Regulation Authority (SRA) to become an alternative business structure (ABS), the accounting giant announced on 1 March that it has formed a new law firm in Canada by tying up with Toronto immigration outfit Bomza Law Group. The new firm will be called …
Continue reading “PwC forms new law firm in Canada one month after obtaining ABS status”
Fresh from the news on Friday (28 February) that DLA Piper has hired three Berwin Leighton Paisner partners, Jones Day has added to its own tally of laterals from the firm by recruiting banking and capital markets partner Paul Simcock. Simcock specialises in leveraged finance and has acted for private equity sponsors, senior and junior lenders, strategic …
Continue reading “And so the tally rises, Jones Day hires fourth BLP partner since August”
Following the announcement last September that Berwin Leighton Paisner (BLP) corporate partner Patrick Somers had joined DLA Piper, the top five Global 100 firm today (28 February) confirmed it has secured a further three lateral hires, including head of real estate finance Laurence Rogers. Rogers joins the 4,036-lawyer firm alongside commercial real estate partner Richard Hopkinson-Woolley and corporate …
Just under a year earlier than expected by some in the City, Royal Bank of Scotland (RBS) this week (26 February) announced the sell-off of the majority of its remaining stake in Direct Line, gifting Allen & Overy (A&O) with a further bite of the cherry in a deal anticipated to be worth over £1bn. A&O …
Continue reading “RBS share sell-off in Direct Line gifts Allen & Overy with £1bn deal”
Washington-based Patton Boggs and transatlantic top 40 Global 100 firm Squire Sanders are in preliminary merger talks, the firms confirmed to Legal Business today (27 February), with a view to creating a 1,700-lawyer firm with 45 offices across 22 countries. The confirmation, which comes after widespread reports of the talks across the US legal and financial media yesterday …
Continue reading “US merger talks: Patton Boggs and Squire Sanders confirm ‘early’ discussions”
New York elite firm Paul, Weiss, Rifkind, Wharton & Garrison has built on its double-digit growth of 2012 by turning out a near 7% increase in revenue for 2013, up to $934.5m, while its profit per equity partner (PEP) figure rose by 8% to $3.62m. The results follow the 803-lawyer firm’s 12% increase in turnover to …
While the regulatory upheaval of recent years has calmed down, our annual risk report finds law firms facing many threats lurking around the corner In our seventh annual risk management and professional indemnity survey with broker Marsh, we asked law firms if they felt they had got to grips yet internally with the Solicitors …
Continue reading “Where the bodies lie – the risk report 2014”
