A&O high yield head retires ahead of Shearman tie-up as firm makes first combined partner promos

A&O high yield head retires ahead of Shearman tie-up as firm makes first combined partner promos

Prominent high-yield partner Kevin Muzilla has retired from Allen & Overy, in the latest departure from the practice ahead of next month’s A&O Shearman mega-merger.

Ranked in the Legal 500 Hall of Fame for London high-yield, Muzilla joined A&O from Milbank as a partner in 2009, and has since headed up the firm’s leveraged finance teams, first the US and then Europe.

DLA to open new Germany base as Paul Weiss hires from Simpson and Macfarlanes for Brussels bow

DLA to open new Germany base as Paul Weiss hires from Simpson and Macfarlanes for Brussels bow

DLA Piper has expanded its presence in Germany with the opening of its fifth office there, with confirmation of the move coming as Paul Weiss pushes ahead with a competition launch in Brussels.

Adding to its offices in Frankfurt, Hamburg, Cologne, and Munich, DLA Piper is set to establish in Düsseldorf on 15 April this year.

Revolving Doors: Mayer Brown, CRS and BCLP boost tax teams as Linklaters and Fieldfisher join firms announcing partner promotions

Revolving Doors: Mayer Brown, CRS and BCLP boost tax teams as Linklaters and Fieldfisher join firms announcing partner promotions

Mayer Brown has strengthened its London tax practice with the addition of tax partner Sam Riesenberg. US-qualified Riesenberg has joined the firm’s City base from KPMG in Washington, where he worked within the firm’s national tax practice. His hire bolsters Mayer Brown’s international tax offering across the asset management and funds sectors as he has significant experience in the space, working with clients including fund sponsors, sovereign wealth and pension funds, institutional investors, family offices and fund managers.

His hire is Mayer Brown’s second into its London tax practice this year, following closely on the heels of real estate investment specialist Ben Eaton’s appointment hire in January this year.

Shearman’s McKimm steps aside ahead of A&O tie-up as US firms continue to snap up top London talent

Shearman’s McKimm steps aside ahead of A&O tie-up as US firms continue to snap up top London talent

With just a month to go until the A&O Shearman tie-up goes live, Shearman has announced that Europe managing partner and EMEA finance team leader Ward McKimm is retiring, marking one of the highest-profile pre-merger exits to date.

‘Shearman & Sterling and Ward McKimm jointly confirm that, after a nearly 30-year career as a leading high-yield and leveraged finance lawyer based in London, he has decided to retire,’ a firm statement confirmed. ‘Shearman & Sterling thanks Ward for his many years of service to the firm and its clients, and wishes him the best in his next chapter. Ward’s retirement will take effect in a few weeks as he transitions work to other partners.’

Paul Weiss and Kirkland break revenue records amid London lateral shakeout

Paul Weiss and Kirkland break revenue records amid London lateral shakeout

Paul Weiss has broken through the $2bn global revenue mark, posting a 10.8% hike on last year, as the firm’s bold London recruitment drive continues to make headlines.

The firm’s 178 equity partners took home an average of $6.5m in 2023, with profit per equity partner (PEP) up 14.8% from $5.73m the previous year.

White & Case nears $3bn mark as expense control drives double-digit PEP hike

White & Case nears $3bn mark as expense control drives double-digit PEP hike

White & Case has taken another step towards the $3bn turnover mark, posting a 4.3% increase in global revenues to $2.95bn for 2023, despite London turnover dipping 1.6% to $444m.

The international firm saw global revenues rise from $2.83bn in 2022, when London turnover stood at $451m. Profit per equity partner (PEP) increased by 12.7% during 2023 to $3.16m, while revenue per lawyer rose 6.9% to $1.16m.