Eversheds Sutherland has recruited Slaughter and May litigation partner Mark Hughes in a rare departure for the Magic Circle firm. Hughes acts on litigation cases in Hong Kong as well as the wider Asia-Pacific market, while also acting on international arbitration matters and cross-border investigations by criminal and regulatory authorities.
Herbert Smith Freehills (HSF) CEO Mark Rigotti is to stand down from his role next year, with the firm now priming itself to select a new leader once his term ends on 30 April. The firm’s council will be the body appointing the new CEO, and is at the early stages of launching a selection …
Continue reading “Rigotti to stand down in 2020 as HSF starts search for a new leader”
The acrimony between Burford Capital and Muddy Waters has shown no signs of abating, with the litigation funder enlisting Quinn Emanuel Urquhart & Sullivan to chase the identities of traders who allegedly manipulated its shares. Quinn partner Richard East (pictured) submitted a statement to the High Court on behalf of Burford on Monday (30 September) which …
US New Law provider UnitedLex has bolstered its total revenue to $350m in its most recent financial results, with expansion across the UK and Europe is high on its agenda for the rest of the year. Turnover is up 27% on the company’s last set of financials, while UK revenue increased 8% over the last …
Continue reading “New Law, new money: UnitedLex turnover hits $350m with UK expansion on the cards”
The partnership of global giant Baker McKenzie has voted in Milton Cheng to become the firm’s next chair. A Bakers lifer, Cheng (pictured) currently serves as the firm’s Hong Kong managing partner, as well as chief executive for the Asia-Pacific region. Cheng will officially take over the role on 17 October, replacing acting global chair Jaime …
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UK legal tech company Luminance has established a new advisory board aimed at accelerating AI adoption by BigLaw, with Slaughter and May senior partner Steve Cooke and Vodafone GC Rosemary Martin part of the heavyweight line up. Cooke and Martin will sit alongside Italian law firm Portolano Cavallo founding partner Manuela Cavallo and former chairman …
Transatlantic firm Eversheds Sutherland has today (19 September) announced new targets to improve BAME representation across its UK partnership, with the firm’s current figures among the worst in the UK’s top 12. By 2025 the firm wants 10% of its UK partnership to be comprised of BAME lawyers, with the figure currently standing at just …
Continue reading “Realistic: Eversheds sets new targets to combat paltry BAME partner numbers”
The private equity push into New Law looks to be gathering momentum with Axiom Managed Solutions (AMS) in talks to arrange a sale to MML Capital Partners. Legal Business has learned that the sponsor had been chosen as preferred bidder after AMS was put on the market earlier this year when the wider Axiom group …
On paper, an 11% jump in average revenue to £135.5m for the second 25 looks like a great leap forward from last year’s 5% increase to £122.6m, and this rate of growth compares favourably to the top quartile’s 9% hike to £830.7m. But as usual the figure must be taken with a pinch of salt. …
Continue reading “LB100 Second 25: A brooding gloom in sunshine”
With longstanding chief executive Sharon White bowing out, Stephenson Harwood can look back on a strong ten years. Thomas Alan assesses its record and prospects ‘My understanding is the Stephenson Harwood of 2002 needed a new strategy because it was doing very badly,’ reflects corporate head Andrew Edge, looking back on the City thoroughbred’s much-publicised …
