Changing of the guard: DLA Piper elects next managing partner

Changing of the guard: DLA Piper elects next managing partner

DLA Piper has today (23 February) announced the election of Charles Severs as its next managing partner. His tenure will begin on 1 January 2025. Severs moved to DLA Piper as a partner in 2003 from Herbert Smith Freehills.  A Legal 500 Hall of Famer for M&A: Lower Mid-Market Deals, Severs has an impressive client …

Revolving Doors: A&O bolsters City structured finance team with Milbank hires

Revolving Doors: A&O bolsters City structured finance team with Milbank hires

Leading this week’s high-profile moves, Allen & Overy has appointed John Goldfinch as a partner in its global structured finance practice in advance of its planned merger with Shearman & Sterling. Previously at Milbank, Goldfinch has experience dealing with derivative products and securitisation asset classes including CLOs and CDOs (cash and synthetic), lease receivables, trade …

Financial Regulatory and Disputes Summit: Stranger than fiction

Financial Regulatory and Disputes Summit: Stranger than fiction

Even amid a stellar agenda at Legal Business’ Financial Regulatory and Disputes Summit 2023 last November, CMS’ session – Shams and charades: Lessons learned from abusive litigation against banks – made shockwaves around the auditorium of the Queen Elizabeth II Centre in London’s Westminster. Indeed, it’s not often that a panel discussion elicits gasps of …

‘Firing on all cylinders’: Akin sees double-digit growth in revenue and PEP

‘Firing on all cylinders’: Akin sees double-digit growth in revenue and PEP

In keeping with Hogan Lovells’ recently released financial results, Akin has reported strong financials for 2023, contradicting fears of diminished returns for the global elite. Revenue at the firm is up 11% to $1.37bn from $1.23bn, while profit per equity partner (PEP) has jumped 22% to $3.15m from $2.58m. This follows a sluggish 2022 for …

‘Bolder, pragmatic, more proactive’: Regulators bare teeth, but will they bite?

‘Bolder, pragmatic, more proactive’: Regulators bare teeth, but will they bite?

2024 started with uncharacteristically decisive action from the Solicitors Disciplinary Tribunal (SDT), when in January it issued its joint highest-ever fine against Clyde & Co, following a slew of anti-money laundering breaches. It was a bold move from the regulator, which in recent months has drawn criticism over its perceived lack of action during the …

Simpson Thacher unveils new London head as office posts double-digit revenue growth

Simpson Thacher unveils new London head as office posts double-digit revenue growth

Simpson Thacher has announced that Wheatly MacNamara will take over from Jason Glover as London managing partner in October. Glover, who has led the office since 2016, will remain at the firm in a strategic role. The news comes as the City office recorded a 23% rise in revenue for 2023. MacNamara (pictured), whose practice …

Revolving doors: White & Case doubles down on recruitment as BCLP loses three partners

Revolving doors: White & Case doubles down on recruitment as BCLP loses three partners

It has been a busy week for White & Case, with the firm seeing the return of Patrick Sarch to its global mergers and acquisitions practice in London. He will be head of UK public M&A in the London corporate/ M&A group. Sarch worked at White & Case between January 2017 and March 2021, moving …

Freshfields snaps up former FTC commissioner to bolster US antitrust offering

Freshfields snaps up former FTC commissioner to bolster US antitrust offering

In a boost to its Washington DC presence, Freshfields has hired former Federal Trade Commissioner, Christine Wilson, as a senior adviser in its antitrust practice. The firm has made a concerted effort to build out its antitrust offering in both the US and Europe over the last year. In October 2023, it appointed former senior …