HFW has scored a litigation ‘win-win’ after adding both a £25m litigation funding deal and a litigation analytics partnership to its practice. The firm announced today it was partnering with both litigation start-up Solomonic, which launched commercially at the start of the year and uses court data for predictions and case research, and with litigation funder …
Mishcon de Reya is considering options for raising capital in a bid to fund its ‘ambitious plans’ for growth, including a possible initial public offering (IPO). Sky News reported on Saturday (20 July) the firm is looking to either list on the stock exchange or sell a stake to a private equity investor to raise …
Continue reading “Spin-offs likely as Mishcon ‘considering all options’ for a capital raise”
In a quiet week for lateral recruitment, Weil, Gotshal & Manges hired from Ashurst in the City as other firms made notable moves further abroad. In London, Weil expanded its banking and finance practice with the hire of Paul Stewart, currently at Ashurst. Stewart has experience in domestic and international finance transactions as well as leveraged …
Continue reading “Revolving doors: City move for Weil as HSF adds duo in South Africa”
Clyde & Co has suspended two lawyers, including a partner, while alleged breaches of accounting rules are investigated. The firm said today it had recently referred two lawyers to the Solicitors Regulatory Authority (SRA) regarding alleged breaches of obligations in the SRA handbook, including its Code of Conduct and the Accounts Rules.
In the customary rush to get deals over the line before the summer lull, the City and US elite have this week lined up on big-ticket transactions including the sale of Moody’s Analytics to Equistone and Slug & Lettuce owner Stonegate’s $3bn acquisition of pub company Ei Group (EIG). Kirkland & Ellis fielded a team …
In a muted week for lateral recruitment, Baker McKenzie and Eversheds Sutherland made hires in the City, while Eversheds also grew on the continent. Baker McKenzie hired tax partner Prabhu Narasimhan to its London office. Narasimhan joins from White & Case and has experience in advising and delivering cross-border mandates, acting for corporate, private equity and family …
Travers Smith has marked a tenth consecutive year of revenue growth with an 11% increase in turnover, although profit per equity partner (PEP) grew at a more subdued 4%. Revenue at the firm grew to £162.5m for the 2018/19 financial year – good for growth of more than 70% over the last five years – while …
South East heavyweight Stevens & Bolton has completed its eighth successive year of growth, posting a 9% turnover increase to £28.3m. The 2018/19 results came off the back of last year’s 9% revenue hike to £26.8m and continued a pacey run for the Guildford-headquartered firm.
In a week dominated by European hires, Ashurst and Dentons turned to the City with hires in project finance and data privacy, respectively. Eversheds Sutherland, CMS and Pinsent Masons, meanwhile, all expanded on the continent, with Eversheds adding three partners.
Pinsent Masons has secured a £25m preferred-supplier deal with litigation funder August Ventures to offer ‘non-recourse’ funding at better terms than would normally be available. Clients will have access to a dedicated facility at preferred rates and a fast-tracked due diligence process, while Augusta will also refer some clients to Pinsents.
