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.
Travers Smith has appointed Paul Dolman as co-head of corporate in addition to his existing role of head of private equity and financial sponsors. The well-respected Dolman joins the influential Spencer Summerfield, who has been sole head of corporate since 2013, on a joint ticket to lead Travers’ M&A, private equity and equity capital markets practices.
The lateral hires market has seen significant moves recently with Dechert hiring more partners from Sidley Austin, Crowell & Moring making another hire from Squire Patton Boggs and Hill Dickinson expanding the firm’s commodities team with two partners. Dechert added to its global finance and litigation practices with the recruitment of Aparna Sehgal and Simon Fawell …
