Osborne Clarke (OC) has joined the slew of firms reporting robust financials, today (13 June) unveiling a 19% increase in overall turnover from €341m to €407m.
And in an endorsement of the UK market, domestic revenues jumped 20% from £166.4m to £199.1m. Profit per equity partner (PEP) also saw a notable increase, climbing 11% from £714,000 to £796,000.
Restructuring recruitment was the trend this week as both Weil and Proskauer strengthened the benches of their City insolvency groups.
Weil has brought in restructuring specialist Lois Deasey at the expense of Akin Gump. Well-regarded in the market, Deasey’s experience includes multi-jurisdictional restructuring transactions and insolvencies, as well as distressed and special situations.
Cravath, Swaine & Moore has announced plans to open an office in Washington DC having hired three partners from US regulatory bodies.
The move is a bold one by the Wall Street stalwart, known for its traditionally conservative approach. The new Washington office will become just the third in the firm’s global network, adding to the New York headquarters established in 1819, and the London outpost added in 1973.
Latham & Watkins has lost energy and infrastructure partner Matthew Brown to rival Global 100 firm, Milbank.
Brown, who will join the projects, energy and infrastructure finance team at his new firm, has over two decades’ experience in the sector, particularly in energy transition work.
Skadden’s Scott Simpson, one of the most influential M&A lawyers of his generation, has died suddenly at the age of 65, the firm announced today (30 May).
The news will be a huge blow for Skadden and the industry at large, marking the loss of the firm’s co-head of global transactions and one of the most pioneering deal lawyers ever to operate in the Square Mile.
Salaried partners at BLM will have to re-apply for their positions once the firm’s merger with Clyde & Co goes live on 1 July.
Subject to a consultation, the salaried partners at BLM will be automatically transferred to Clyde with the title of legal director, and then given three options. Aside from remaining a director, they can apply to become a salaried partner (this option is only open to the casualty insurance practice) or a full equity partner at the merged firm.
White & Case has bolstered its London debt finance practice with the addition of acquisition and leveraged finance specialist Monica Barton from Winston & Strawn. Barton, who is dual-qualified in England and Wales and France, is the third partner to join the firm’s EMEA banking practice in 2022 following the arrival in March of Paul Yin in London and Neeolferr Roy in Paris.
Meanwhile, CMS has hired PwC’s real estate head, Amit Unadkat. Ranked as a next generation partner by The Legal 500 for commercial property investment, he has experience across a range of real estate work including investment transactions, real estate corporate finance and M&A and joint ventures.
CMS has named Vitaliy Radchenko the new managing partner of its Kyiv office, as the practice continues to contend with the repercussions of Russia’s invasion of Ukraine.
A 15-year veteran of the firm, Radchenko specialises in M&A and regulatory issues in the energy and power sectors, with a body of work that spans oil and gas, renewable power and mining and minerals.
Ashurst is understood to be pursuing merger partners in the US as a strategic priority, rekindling its aspirations towards a stateside combination.
No discussions have reached a formal stage, however, it is believed the firm has been seeking a merger partner since before the pandemic.
Ince has chalked up a 3% dip in revenues from £100.2m to £97m to a March cyber attack, the war in Ukraine and various other extraneous factors.
It is a significant slowdown for Ince, after posting an eye-catching 87% uptick in turnover in 2020 and 4% growth in 2021.