DWF has continued its expansionist strategy following last year’s initial public offering (IPO), dipping into its war chest to acquire managed services company Mindcrest in a £14.2m deal announced today (29 January).
Chicago-based Mindcrest offers managed services across contract management, compliance, legal analytics, litigation and investigations for international corporates. The majority of the business’s staff are based in Pune, India, where it has operated for over 15 years, but smaller offices are spread across Chicago, New York and London. The business has expected sales of £9.2m for the 2019 financial year.
The team behind the City’s new cutting-edge arbitration centre has launched a membership service for independent practitioners, with full clerking and admin support as well as a home in the heart of London’s legal community.
The new business, Int-Arb Arbitrators, is backed by the International Arbitration Centre (IAC), the world-class disputes hub launched last year at a four-floor site at 190 Fleet Street in central London.
Solicitors in England and Wales received a glowing review in a new survey of legal needs but evidence of gaps in access to justice shows the profession has a perception problem.
The survey – the largest legal needs survey of its kind – was conducted by the Legal Services Board and Law Society using data collected by YouGov covering the experiences of 28,633 people. Solicitors ranked highest for service satisfaction, with nine out of 10 people who had used a solicitor satisfied with the service they received, while 84% believed the solicitor provided value for money.
In a relatively subdued week for the London lateral market, Goodwin Procter and Shoosmiths made the only noteworthy hires in the City.
Goodwin secured a prominent hire to its private equity group, recruiting CMS’ private equity head James Grimwood to its London office. Grimwood has experience in advising on M&A, joint ventures and corporate reorganisations. He has acted on private equity transactions for institutions and management teams.
Penelope Warne (pictured) will remain at the helm of CMS Cameron McKenna Nabarro Olswang until May 2024 after the partnership confirmed her as senior partner for a second term.
A spokesperson for the firm said the vote by the partnership closed today (24 January) but declined to comment on whether the election was contested.
Squire Patton Boggs has entered the Italian legal market with a four-partner Milan base while Norton Rose Fulbright has become the latest to join a long series of office closures in the Middle East.
Squires said today (23 January) it has picked the Northern Italian city for its 45th office with a team from US rival Curtis, Mallet-Prevost, Colt & Mosle, led by Italy managing partner Galileo Pozzoli.
Herbert Smith Freehills (HSF) has finalised a move to absorb its German partnership into its UK LLP, as firms enter the final stages of preparations ahead of a 31 January Brexit.
The move was implemented in December last year as the firm faced a complex regulatory environment in Germany due to the UK’s imminent departure from the European Union. Without the change, HSF would have been incapable of existing as an English company domiciled in Germany.
DAC Beachcroft is looking for further opportunities in Europe and South America after doubling the size of its Madrid office by combining with a three-partner insurance boutique.
The firm today (21 January) took on 20-lawyer outfit Asjusa, which focuses on professional liability and insurance in the healthcare sector, led by partners Eduardo Asensi Pallarés and Iñigo Cid-Luna Clares. The third partner joining is Julio Albi.
In a month of significant hires and departures, online money payment company TransferWise has snapped up rival Monzo Bank’s chief legal officer Dean Nash (pictured) as its new general counsel (GC) following the departure of Jenifer Swallow in July.
Nash, who featured in the GC Powerlist 2019, has left the company after nearly four years of rapid growth to become the UK’s most recognisable mobile-only bank.
Firms got back into the swing of City hiring last week after an early January lull as RPC added DWF’s head of business restructuring, Linklaters hired a banking partner and Sidley Austin recruited to its antitrust and competition practice.
RPC has beefed up its restructuring and insolvency team in London with the hire of DWF’s head of business restructuring Finella Fogarty.