A&O gains Shanghai approval on the back of double-digit Asia-Pac growth

A&O gains Shanghai approval on the back of double-digit Asia-Pac growth

After boosting its Asia Pacific turnover by more than 10% last year, Allen & Overy (A&O) has become the latest City giant to receive approval to practise law in China’s Free Trade Zone (FTZ). The arrangement comes by way of a joint operation with local firm Shanghai Lang Yue Law Firm – called Allen & …

LLP accounts: Pension costs hurt CC profits as A&O leadership sees pay increases

LLP accounts: Pension costs hurt CC profits as A&O leadership sees pay increases

Operating profit at Clifford Chance (CC) UK LLP fell 5% to £260m in the year to 30 April 2019 amid rising pension costs while management at City rival Allen & Overy (A&O) saw a 8% pay rise to £16m, the two firms’ recently published accounts have revealed. The fall in profits at CC’s LLP – …

Freshfields partner exits following internal conduct probe

Freshfields partner exits following internal conduct probe

In a fresh reverse for Freshfields Bruckhaus Deringer amid the string of disclosures of harassment impacting the profession, a partner at the City giant has exited following an internal investigation. Nicholas Williams, a partner since 2017 in the Magic Circle firm’s London disputes practice, left the firm on 11 December after the firm launched an …

Dejonghe to stand again as A&O senior partner as six leadership hopefuls revealed

Dejonghe to stand again as A&O senior partner as six leadership hopefuls revealed

As voters head to the polls on UK general election day, Allen & Overy (A&O) has confirmed the names of six partners who will vie for leadership in its own election in February. Senior partner Wim Dejonghe (pictured) is standing for a second term and will be up against Philip Bowden, the City giant’s well-regarded …

Freshfields partnership votes in misconduct penalty as #MeToo continues to overshadow the industry

Freshfields partnership votes in misconduct penalty as #MeToo continues to overshadow the industry

The partnership of Freshfields Bruckhaus Deringer has voted in sweeping reforms to its handling of misbehaviour, including financial penalties, as the #MeToo fallout continues to plague the profession. The move to establish a conduct committee followed a consultation and  implements new enforcement protocols that mean partners who receive a final warning about their behaviour could face …

Comment: If A&O’s new leadership team can’t get a mandate, who can?

Comment: If A&O’s new leadership team can’t get a mandate, who can?

Writing at the end of November, with this issue hitting desks only a day or two before the candidates for Allen & Overy (A&O)’s leadership elections are announced – this column is truly hostage to fortune. Who will emerge to lead what has for many been the Magic Circle’s most effectively-led player will have significance …

Full disclosure – How to resolve the profession’s #MeToo problem

Full disclosure – How to resolve the profession’s #MeToo problem

‘If you’re a partner and in control of someone’s career, that is an unequal relationship. Repeated drunken flings are not the work of a balanced, responsible partner. Could she have realistically said no? He was in control of her. He was her boss.’ So says one City employment veteran of the Solicitors Regulation Authority (SRA) …

If A&O’s new team can’t get a mandate, who can?

If A&O’s new team can’t get a mandate, who can?

Writing at the end of November, with this issue hitting desks only a day or two before the candidates for Allen & Overy (A&O)’s leadership elections are announced – this column is truly hostage to fortune. Who will emerge to lead what has for many been the Magic Circle’s most effectively-led player will have significance …

A boon for Global London firms on big-ticket buyouts as US investors target hot tech assets

A boon for Global London firms on big-ticket buyouts as US investors target hot tech assets

The take-private market has cooled after a prolonged spree of deals across Europe but US investors have continued to pile cash into non-domestic assets, with Kirkland & Ellis, Latham & Watkins, Baker McKenzie and Simpson Thacher & Bartlett all commanding lead roles on multi-billion-dollar transactions with a tech flavour in recent weeks. Blackstone’s proposed $3bn …

Deal View: Freshfields silences critics with four-piece Cleary team but can it keep up the pressure on Wall St?

Deal View: Freshfields silences critics with four-piece Cleary team but can it keep up the pressure on Wall St?

‘Supercharging it’ and ‘pretty wild’ are not superlatives usually cropping up on your average conference call with Freshfields Bruckhaus Deringer. If the conversation with Ethan Klingsberg (pictured), the Wall Street M&A star that led a four-partner team exit from Cleary Gottlieb Steen & Hamilton, was not very Freshfields, Edward Braham’s unrestrained enthusiasm for the hires …