Dewey management in denial as exits continue

Management at Dewey & LeBoeuf has reacted defensively to widespread partner exits in 2012, contending the firm’s position is ‘strong’ and that it will ‘meet its financial targets for the year’. Dewey has already seen a mass exodus of partners from its business since the start of the year, with almost 70 partners having departed …

Dewey needs to take its head out of the sand

Dewey needs to take its head out of the sand

As LB was going to press, news emerged that Dewey & LeBoeuf was set to lose its recently acquired London private equity team, which includes two partners and nine associates, to McDermott Will & Emery. So another two partners have jumped ship, bringing the total number of partner exits close to 70 since the turn …

Consolidation is the word of the day across Scotland’s firms

Consolidation is the word of the day across Scotland’s firms

The Scottish market is awash with merger rumours. Perhaps the imminent tie-up between McGrigors and Pinsent Masons has kick-started the recent developments but Scottish managing partners now have consolidation high up the agenda. The marriage between McGrigors and Pinsents, which is expected to go live in May, will create a national heavyweight with combined revenues …

Taylor Wessing eyes Hong Kong deal after Singapore launch

Taylor Wessing is more likely to merge with a local practice in Hong Kong than to set up in the region organically, the firm indicated last month, as it continues to expand its Asian footprint after taking over Singapore alliance firm RHT Law in March. Tim Eyles, the firm’s London-based managing partner, told LB that …

Cleary hires former Stephenson Harwood chief executive

Cleary Gottlieb Steen & Hamilton has hired former Stephenson Harwood chief executive and litigation heavyweight Sunil Gadhia in its London office, marking a growing trend of US firms bulking up City disputes practices. Gadhia is set to join Cleary’s London outpost this year after 15 years as a partner at Stephenson Harwood, of which he …

FSA’s Cole holds all the cards in choosing her next move

FSA’s Cole holds all the cards in choosing her next move

After two years of speculation in the financial services sector, it has finally happened. Margaret Cole, Financial Services Authority (FSA) managing director and all-round tough lady, is leaving the regulator after seven years. Dubbed in 2011 by a finance partner as the ‘most hated woman in the City’, Cole’s legacy at the UK watchdog will …