The entries have been assessed and our research completed: we are now delighted to reveal the winner of Rising Star In-House Counsel of the Year for the 2020 Legal Business Awards.
Tying in with our annual GC Powerlist: UK report in recognising outstanding achievements by in-house lawyers below group general counsel level, this award focuses on the rising stars tipped for great things by their colleagues, peers and advisers.
The back-to-school feel in the City is unmistakable, not least because the actual schools are back, as major law firms attempt to find something like normality in an environment that remains a few standard deviations from the norm.
In some ways it was ever thus come the end of August. As one law firm leader remarks: ‘I said to our FD: “September will be crucial,” and was swiftly was reminded I’ve said that for the last five years.’ This has always been the defining period for law firms’ financial year, just more so now. So, how’s it looking out there?
In what is a brand new category for the Legal Business Awards in 2020, we are pleased to reveal the Most Transformative In-House Team of the Year.
This award recognises in-house legal teams that have made a major contribution to change or transformation either at an industry or sector level, or have championed unusual or innovative approaches. This could range from dealing admirably with dramatic changes in a particular industry to wrestling with challenges in society linked to cultural or technological upheaval.
The entries have been assessed and our research completed: we are now delighted to reveal our International Firm of the Year for the 2020 Legal Business Awards.
This award acknowledges leading independent non-UK or US law firms – operating onshore or offshore – in mainland Europe, Latin America and the Caribbean, Asia, Australasia, the Middle East and Africa. Key factors taken into account by our judges include a clear demonstration of growing market share, a well-conceived business strategy, stellar financial performance, strong management, a successful recruitment and retention strategy and a significant client development programme.
The entries were reviewed and our panel of general counsel judges delivered their verdicts: we are now delighted to reveal the winner of Legal Technology Team of the Year for the 2020 Legal Business Awards.
In this category, we recognise the law firms, in-house teams and chambers, either offshore or onshore, that have pushed through innovation and secured competitive advantage for their business. Important factors are fresh approaches in creating and delivering legal products, including utilising technology and new business models.
Herbert Smith Freehills (HSF) has ensured victory for the Financial Conduct Authority (FCA) in a landmark test case intended to provide clarity on whether companies have valid business disruption insurance claims as a result of the Covid-19 pandemic.
The High Court judgment handed down this morning (15 September) by Lord Justice Flaux and Mr Justice Butcher will be a heavy blow to insurers, with tens of thousands of businesses now potentially in line for payouts on their business interruption policies.
The entries have been assessed, the shortlists have been drawn up and our panel of general counsel judges have had their say: we are now delighted to reveal the winner of Corporate Team of the Year for the 2020 Legal Business Awards.
The successful firm in this category demonstrated excellence during 2019 in M&A or corporate work, including disposals, joint ventures and equity capital markets listings. It was not so much the value of the deal that impressed judges as much as evidence of outstanding transactional advice and commitment to the client in the context of one exceptional piece of work
The recent City corporate merry-go-round at Gibson, Dunn & Crutcher has continued in the past week, with leading partner Nigel Stacey moving to Baker Botts in London. Meanwhile, Shearman & Sterling has hired former Freshfields Bruckhaus Deringer partner Simon Marchant.
Stacey – one of the major names remaining at Gibson Dunn’s London office – has more than 20 years’ experience in mergers and acquisitions and corporate finance, acting for major corporate clients on a wide range of public and private transactions and advisory matters across numerous sectors, including TMT and life sciences. He has acted on some of the UK’s most high-profile transactions, and on deals with an aggregate value in excess of $600bn.
After much back-and-forth between the judges in a keenly contested category, we are now delighted to reveal the winner of Private Equity Team of the Year for the 2020 Legal Business Awards.
The winner in this category demonstrated an ability to land the most significant mandates in an incredibly competitive market for private equity-backed deals. Judges looked for evidence of an ability to move with the market and stand out from competitors in the most eye-catching transactions.
How does Investec assess foreign currency income and assets when examining affordability?
This is a question we get asked frequently, because not all lenders have the ability to look at complex income streams such as foreign currency or lumpy profit distributions. We understand that if you’re a partner at a law firm, your income structure will vary and may comprise elements including monthly draw, profit distributions and a bonus element, some or all of which may be in a foreign currency. You may also have income generating assets such as overseas property.