Linklaters turns to Asia for new banking head as Bugg steps down after three years

Linklaters turns to Asia for new banking head as Bugg steps down after three years

Linklaters’ Hong Kong based finance partner Davide Mencacci has replaced Tony Bugg to become the firm’s first non-London based banking head. Linklaters announced today (11 February) the election of the former Allen & Overy partner to the role for four years, while Bugg stepped down three years into his term to go back to full …

KPMG ups the ante with 145-lawyer hire in France and new consultancy service

KPMG ups the ante with 145-lawyer hire in France and new consultancy service

KPMG has added its name to the list of Big Four accountants ramping up their legal service offering in recent months, with a mammoth team hire from French law firm Fidal and the launch of a new legal consulting service. News emerged today (8 February) that 145 lawyers have left Fidal to join the accountant’s …

MoFo strikes London pay dirt with hire of Latham finance co-chair Kandel

MoFo strikes London pay dirt with hire of Latham finance co-chair Kandel

Further evidence of significant lateral movement between US players in London emerged today (7 February), with news that one the City’s most respected finance veterans, Chris Kandel, has quit Latham & Watkins after nine years to join Morrison & Foerster’s resurgent City arm. Kandel, a standout performer with a proven track record in leveraged finance, …

‘Ongoing struggle’: Linklaters shuts down former director going public with concerns over firm culture

‘Ongoing struggle’: Linklaters shuts down former director going public with concerns over firm culture

Linklaters has been granted an interim injunction against a former director of business development and marketing seeking to raise his concerns over the firm’s ‘current culture’ in ‘interviews for publication’. In a High Court ruling yesterday (5 February), Mr Justice Warby restrained the firm’s former executive committee member Frank Mellish from sharing information highlighting what …

Cooley leverages Brexit uncertainty to launch in Brussels

Cooley leverages Brexit uncertainty to launch in Brussels

Four years after launching in London, West Coast US firm Cooley is to launch its second European base in Brussels. The firm announced today (4 February) it has hired experienced competition partner Alexander Israel from leading German independent Noerr to lead the opening of its fourteenth branch worldwide. ‘Expanding Cooley’s presence in the European Union has …

Double whammy for Ashurst as London head quits for BCLP and Macfarlanes hires former corporate head

Double whammy for Ashurst as London head quits for BCLP and Macfarlanes hires former corporate head

Ashurst London managing partner Simon Beddow and former corporate head Robert Ogilvy Watson have quit the firm to join Bryan Cave Leighton Paisner (BCLP) and Macfarlanes respectively. A partner at the firm for 21 years, Beddow had led the firm’s City base since 2016 and was previously the firm’s corporate co-head. He will become BCLP’s deputy head of …

Dentons UK top earner reaped benefits of Maclays takeover with 27% pay rise

Dentons UK top earner reaped benefits of Maclays takeover with 27% pay rise

Dentons’ highest paid UK partner took home £1.4m in the year to April 2018 compared to £1.1m the year before, the firm’s first accounts since the merger with Maclay Murray & Spens show. Covering the firm’s 14 offices in the UK and Middle East, the accounts, published today (30 January), incorporate six months of trading …

Bird & Bird reports 11% uptick in first-half revenue as LLPs reveal rich pickings for ExComm

Bird & Bird reports 11% uptick in first-half revenue as LLPs reveal rich pickings for ExComm

Bird & Bird’s nine executive committee members took home €6.4m in the year to April 2018, its LLP accounts showed today (30 January), as the firm announced turnover of €197m in the first half of the current financial year. The TMT-focused shop saw pre-tax profit up 14% to €119.8m in the 2017/18 financial year, a …

Hogan Lovells partner leaves firm after watching pornography at work

Hogan Lovells partner leaves firm after watching pornography at work

A Hogan Lovells partner has agreed to leave the firm after being caught viewing pornographic images on a work computer. The firm suspended the partner in November last year and launched an investigation after the partner in question was caught by a lawyer from a window in Irwin Mitchell’s offices, which are next to Hogan Lovells’ …

City biz services staff under threat again as Taylor Wessing mulls 34 redundancies

City biz services staff under threat again as Taylor Wessing mulls 34 redundancies

The transfer of business services roles into low-cost bases shows no sign of slowdown in 2019, with top 20 UK firm Taylor Wessing announcing it is considering making 13% of its 270-strong City team redundant by the end of 2020. The move, announced today (25 January), potentially affects 34 London-based staff and comes as the firm …