Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

A £20m government fund for the development of artificial intelligence (AI) and data analysis in law, accounting and insurance is being welcomed as a positive step for what is ‘under-funded and under-thought’ research and development (R&D) in the legal tech space. Earlier this month, the government launched the fund as part of a wider drive …

Revolving Doors: City laterals pick up with hires at Dentons and Eversheds as international moves maintain momentum

Revolving Doors: City laterals pick up with hires at Dentons and Eversheds as international moves maintain momentum

City recruitment picked up after a lull last week as Dentons strengthened its bench in London at the hand of Eversheds Sutherland, which saw moves both ways. Dentons announced the hire of Howard Barrie, who re-joins the firm after several years at Eversheds Sutherland. Barrie had previously spent 19 years with Dentons in his first stint …

‘A unique buzz’: Herbert Smith to exit Finsbury Square to set up in Canary Wharf

‘A unique buzz’: Herbert Smith to exit Finsbury Square to set up in Canary Wharf

Herbert Smith Freehills (HSF) is set to relocate nearly 500 of its City workforce to a new office in Canary Wharf, as the firm moves out of its Finsbury Square base. The move, announced today (17 May), will see 495 staff – including the majority of HSF’s London business services staff – relocated to the …

The wheat from the chaff – Hustling start-ups meet City law

The wheat from the chaff – Hustling start-ups meet City law

In a quiet east London street off the bustling Brick Lane, a few doors from a sign tagged ‘Vegan Hair Salon’ is a co-working space. You meet Gaz, the office’s bulldog, and work among Star Wars figurines, gaming consoles and an electric drum kit. It has blackboard walls and is suspiciously empty on a Friday …

Magic Circle duo secure key mandates as Novartis sells its €13bn stake to GSK

Magic Circle duo secure key mandates as Novartis sells its €13bn stake to GSK

Slaughter and May and Freshfields Bruckhaus Deringer have landed pivotal roles on a $13bn deal which sees GlaxoSmithKline (GSK) acquire the remaining 36.5% stake in its consumer healthcare joint venture with fellow pharma giant Novartis. Slaughters is advising GSK with a team comprising corporate partners Simon Nicholls and David Johnson, alongside tax specialist Dominic Robertson, competition …

Kirkland and Baker McKenzie chart course for €950m sale of Danish shipping giant

Kirkland and Baker McKenzie chart course for €950m sale of Danish shipping giant

Kirkland & Ellis and Baker McKenzie have secured key roles as Turkish freight shipping operator UN Ro-Ro launched its sale to Danish shipping and logistics company DFDS in a deal worth roughly €950m. The Kirkland team, spearheaded by London corporate partner David Arnold, advised Actera Group and Esas Holdings, while the Bakers team was led …

BCLP unveils foray into legal tech start-up scene with contract negotiation platform

BCLP unveils foray into legal tech start-up scene with contract negotiation platform

Newly merged Bryan Cave Leighton Paisner (BCLP) has launched a ‘home-grown’ legal tech start-up which produces a non-disclosure agreement (NDA) for £5. The online contracting tool, called Swiftagree, is the firm’s first technology product launch following its April merger, and is said to precede a number of other offerings it will launch this year. BCLP partner …

Revolving Doors: A quiet week for hires in the City sees firms making lateral moves abroad

Revolving Doors: A quiet week for hires in the City sees firms making lateral moves abroad

City recruitment remained quiet last week as international hires continued to dominate, with Eversheds Sutherland being among the few to make key additions domestically, while the firm saw departures internationally. Eversheds bolstered its employment capability with the hire of Sophie White from boutique firm Abbiss Cadres. Previously White had spent 13 years at CMS Cameron McKenna …

Deal watch: Magic Circle duo lead on Vodafone’s €18.4bn buyout of Liberty Global European Assets

Deal watch: Magic Circle duo lead on Vodafone’s €18.4bn buyout of Liberty Global European Assets

Slaughter and May and Freshfields Bruckhaus Deringer have landed key roles on Vodafone’s €18.4bn buyout of Liberty Global European assets, as Vodafone expands its European services. The transaction includes the acquisition of US cable giant Liberty’s Unitymedia business in Germany, as well as its UPC brand businesses across Hungary, Romania and the Czech Republic, as Vodafone looks …

Acceleration: Mishcon de Reya aims to bring ‘propositions to life’ in second MDR LAB cohort

Acceleration: Mishcon de Reya aims to bring ‘propositions to life’ in second MDR LAB cohort

Mishcon de Reya has announced the second cohort of companies joining the firm’s incubation programme in London in the latest of a string of moves in the legal tech space. The five new companies range from concept-stage to revenue generating, and will join the firm’s technology incubator programme over a 10-week period from today (8 May). …