Dealwatch: Freshfields joins Slaughters in fight for UK plastics plc as Apax returns to Links Paris team

Dealwatch: Freshfields joins Slaughters in fight for UK plastics plc as Apax returns to Links Paris team

It has been a busy few days for the Magic Circle, as US company Berry Global trumped an offer by Apollo to secure UK plastics group RPC for £3.34bn while Apax sold its business schools to Cinven for €800m. Corporate head Andy Ryde and partner Paul Mudie have been leading the Slaughter and May team advising …

International round-up: Bakers launches fourth low-cost hub in Argentina as Cooley targets capital markets with Hong Kong office

International round-up: Bakers launches fourth low-cost hub in Argentina as Cooley targets capital markets with Hong Kong office

Baker McKenzie is pushing on with its profitability drive having picked Buenos Aires for its fourth business service centre some five months after putting an estimated 350 London-based support staff under consultation. On the other side of the Pacific in an unusually expansive move, Cooley has today (12 March) confirmed it will open in Hong …

Linklaters to hit 20% female partnership as women make up a third of 33-strong promotion round

Linklaters to hit 20% female partnership as women make up a third of 33-strong promotion round

For the sixth year in a row Linklaters has increased the size of its promotion round, adding 33 lawyers to its partnership. Eleven of the new partners announced today (11 March) and effective from May are women, surpassing the firm’s 30% annual target and meaning its overall partnership will be 20% female for the first …

‘Only the beginning’: Latham adds more than $300m to top line as Sidley nears £100m in the City

‘Only the beginning’: Latham adds more than $300m to top line as Sidley nears £100m in the City

A year after becoming the first law firm to break the $3bn barrier, Latham & Watkins has posted an even stronger set of financial results, growing revenue at a faster 11% rate to hit $3.386bn in 2018. Meanwhile, Sidley Austin joined the growing number of US firms to report double-digit growth for their City operations …

Tightening of ranks at Hogan Lovells sees PEP approach $1.4m as turnover rises 4%

Tightening of ranks at Hogan Lovells sees PEP approach $1.4m as turnover rises 4%

Hogan Lovells has posted an 8% increase in profit per equity partner (PEP) to $1.38m after reducing equity partner headcount 6% to 523 in 2018. The firm today (25 February) posted revenue of $2.12bn, up 4% on $2.04bn in 2017, a less pacey rate of growth than the 6% achieved in each of the previous two …

Shearman tight-lipped on City revenue amid reduced headcount and 4% global turnover rise

Shearman tight-lipped on City revenue amid reduced headcount and 4% global turnover rise

After rising by less than 1% in 2017, Shearman & Sterling’s global revenue grew at a slightly faster pace last year to hit $955.5m as profit per equity partner increased 5% to $2.4m. The New York-headquartered firm today (21 February) declined to disclose its London revenue for the second year running, although senior partner David …

Cadwalader London revenue drops 13% after restructuring team exit as global turnover makes slight return to growth

Cadwalader London revenue drops 13% after restructuring team exit as global turnover makes slight return to growth

Bucking a trend which has seen a number of City outposts of US firms grow apace last year, turnover at Cadwalader Wickersham & Taft’s London office dropped 13% to $43.1m in 2018. While London suffered the impact of a five-partner team departure at the beginning of last year, global figures painted a rosier picture as …

Taylor Wessing to enter alliance with West Coast leader Wilson Sonsini

Taylor Wessing to enter alliance with West Coast leader Wilson Sonsini

Taylor Wessing is entering into an alliance with Silicon Valley firm Wilson Sonsini Goodrich and Rosati. The UK top 20 firm confirmed to Legal Business today (18 February) that its global partnership has approved proposals for the two firms to co-operate on transactional work in tech and life sciences. It will see its lawyers work together …

Linklaters ends culture row as wannabe whistleblower agrees to destroy confidential documents

Linklaters ends culture row as wannabe whistleblower agrees to destroy confidential documents

Former Linklaters executive committee member Frank Mellish has agreed that he will not disclose information raising concerns over the firm’s culture after his former employer obtained an injunction against him. Mr Justice Warby said in a judgment in the High Court today (18 February) that the firm’s former director of business development and marketing had …

Deal watch: Latham joins Freshfields and A&O on €5.7bn European buyout as Eversheds acts on €590m UK takeover

Deal watch: Latham joins Freshfields and A&O on €5.7bn European buyout as Eversheds acts on €590m UK takeover

Continental Europe provided rich pickings to the global legal elite this week, as Blackstone and Hellman & Friedman agreed to one of the largest ever takeovers of a German listed company by a private equity group. It was a busy week for the UK market too, as Eversheds Sutherland joined Allen & Overy (A&O) on the €590m …