Revolving Doors: busy City recruitment round sees moves from Reed Smith, DLA, and Eversheds

Revolving Doors: busy City recruitment round sees moves from Reed Smith, DLA, and Eversheds

City laterals were busy last week as an array of firms strengthened their London benches, while Dentons led the way abroad with a new Düsseldorf office. Omar Al-Ali joined Reed Smith’s London office in the firm’s energy and natural resources group. Previously a partner at Simmons & Simmons, Al-Ali specialises in structured trade and commodities finance. He …

Another £900k for legal tech start-ups as Thirdfort and Legatics secure new funding

Another £900k for legal tech start-ups as Thirdfort and Legatics secure new funding

The recent influx of cash into legal tech start-ups shows little sign of abating, after deal platform Legatics and property transaction platform Thirdfort both announced sizeable funding rounds to accelerate growth. For Legatics, a member of Allen & Overy’s last two Fuse innovation hub cohorts, the investment gives the company a £3.14m valuation. Its £500,000 investment …

Travers makes pension play with Sackers hire as KFC GC Nelson-Smith decamps to WeWork

Travers makes pension play with Sackers hire as KFC GC Nelson-Smith decamps to WeWork

Travers Smith has made a rare lateral play with the hire of Sebastian Reger to its pensions sector group as KFC loses highly-regarded general counsel (GC) Sarah Nelson-Smith to WeWork. Travers announced today (20 September) that Reger will be joining the firm from pensions boutique Sackers & Partners, where he had been a partner since …

LB100 Second 50: London stalling?

LB100 Second 50: London stalling?

With initial post-referendum Brexit shock giving way to pre-breakaway uncertainty, the boutique and mid-market London firms in the second half of the Legal Business 100 are maintaining a brave front in the face of political and economic uncertainty. Overall the story is encouraging for London firms in the second 50, with total revenue up 6% …

Ireland: A case to make

Ireland: A case to make

Centuries of imperiousness towards the Irish could be one of England’s greatest historical mistakes, and when Legal Business set about asking Irish independents whether Dublin is a viable alternative to London for disputes work following Brexit, it felt as though this underestimation was very much alive today. However, the Irish legal elite remains defiant in …

Bircham Dyson and Pitmans seek reversal of revenue fortunes with £52m merger bid

Bircham Dyson and Pitmans seek reversal of revenue fortunes with £52m merger bid

The partnerships at City law firm Bircham Dyson Bell (BDB) and Reading headquartered Pitmans will this month vote on a proposed merger to create a £50m-plus firm. A merger would be good for a partner headcount of 80, while overall staff numbers would be 404. A combined revenue of about £52m would put the merged firm close …

Revolving doors: Holiday lull over with spate of lateral hires at home and abroad

Revolving doors: Holiday lull over with spate of lateral hires at home and abroad

In the most significant move of last week, Baker McKenzie has hired Sidley Austin’s former City managing partner Matthew Dening, who re-joins the firm after leaving as partner in 14 years ago. As co-head of Sidley’s London finance team, the hire is a significant addition for Bakers as it sets about strengthening its structured capital markets …

Start me up: Highly-rated legal AI platform Kira secures a record $50m in private equity backing

Start me up: Highly-rated legal AI platform Kira secures a record $50m in private equity backing

In a significant benchmark for the legal tech sector, leading AI platform Kira Systems has sealed $50m of private equity backing from New York-based Insight Venture Partners, as legal tech companies continue to prime for growth. The investment, announced today (5 September), is the first external backing the AI company has received since its inception …

Revolving Doors: Summer recruitment round ends with Global 100 firms hiring in the City and Asia

Revolving Doors:  Summer recruitment round ends with Global 100 firms hiring in the City and Asia

The summer holiday recruitment round officially finished last week, with DLA Piper and Pinsent Masons making significant moves in London, while Eversheds Sutherland  and Quinn Emanuel Urquhart & Sullivan continued the recent wave of Asia hires with additions to their IP and litigation offerings respectively. DLA Piper announced the hire of construction and infrastructure partner Sarah …

Deal watch: Slaughters leads on Wonga collapse and joins Skadden, Ashurst and CC on £3.9bn Costa deal

Deal watch: Slaughters leads on Wonga collapse and joins Skadden, Ashurst and CC on £3.9bn Costa deal

Slaughter and May has landed key roles on the high-profile collapse of payday lender Wonga and Coca-Cola’s £3.9bn acquisition of national coffee house Costa, joined by Skadden, Arps, Slate, Meagher & Flom, Clifford Chance (CC) and Ashurst. The demise of Wonga, the UK’s largest payday lender, was confirmed yesterday (30 August) amidst a flood of compensation claims …