Freshfields Pick ‘outstanding’ energy hire

Freshfields Bruckhaus Deringer has demonstrated that US firms in the City are not the only ones to be making high-profile partner hires, announcing the recruitment of respected Shearman & Sterling partner and head of global project development and finance Tim Pick in April. The arrival of Pick, described as ‘outstanding in all respects’ in the …

The I in Team – what it takes to turn a lateral into a star player

Hiring star partners remains the main tactic for firms hoping to move up a division. Legal Business talks to four of the select few who have moved and excelled to find what it takes to drive a new team. It was just a few disorientating days into his new job at Ashurst Morris Crisp and …

What credit crunch? – Forsters gives reporting season a boost with 16% hike in revenues

Europe may be stuck in the doldrums and the UK property market mired in a five-year slump but no one seems to have told West End boutique Forsters, which posted a revenue rise of 16% in its latest financial year. Total fee income at the 120-lawyer firm grew to £32.5m for the 2012/13 year, up …

Clifford Chance and Linklaters make most of their partner promotions in Europe

Partner promotions continue apace with Magic Circle firms Clifford Chance (CC) and Linklaters the latest to announce their numbers, the majority of which are in Europe. CC welcomed 20 new lawyers to its partnership, with three-quarters of those promotions spread across Europe, while Linklaters promoted 24 partners, of which 19 were in Europe.

Commerzbank loses bankers’ bonuses appeal

Commerzbank has today (26 April) lost its appeal in its high-profile four-year battle over unpaid bankers’ bonuses – one of the largest cases against a bank to run since the credit crunch. Represented by Linklaters, Germany’s second largest bank will have to pay €52m to 104 London-based bankers, unless it obtains leave to appeal to …

A&O introduces first trainee salary increase since 2010

Allen & Overy has increased trainee pay rates bringing to an end a three-year freeze and has promoted 24 lawyers to the role of counsel. The Magic Circle firm is the first to raise the stakes amongst its peers this year, with second-year trainee rates increasing by £800 to £44,000 – £200 less than the …

A&O picks up corporate partner as Shearman announces Düsseldorf and Munich closures

Allen & Overy has hired Shearman & Sterling’s corporate partner Hans Diekmann as a partner in its Düsseldorf office. Diekmann, whose start date at A&O is yet to be confirmed, joined Shearman as a partner in 1999. Before that he worked in the legal department of Deutsche Bank’s headquarters in Frankfurt for over seven years. …

Freshfields hires HSF financial services regulatory partner

Freshfields Bruckhaus Deringer continues to boost its disputes practice in Hong Kong with Herbert Smith Freehills’ (HSF) financial services regulatory partner Tim Mak set to join the firm. Mak will work alongside Asia head of financial services Royce Miller and contentious regulatory partner Georgia Dawson. Mak is tri-lingual and will specialise in both contentious and …

Freshfields makes high-profile lateral hire with Shearman’s Pick

Freshfields Bruckhaus Deringer has scored a significant coup in hiring respected Shearman & Sterling partner and head of global project development and finance Tim Pick to boost its energy and natural resources capability. Pick, described as ‘outstanding in all respects’ in the latest edition of The Legal 500, will join as a finance partner in …