Ernst & Young’s (EY) legal team has launched in Sweden with the hire of a six member team in Stockholm, including two partners from Swedish commercial law firm Delphi, completing its coverage of Scandinavia.
‘The first step’: Osborne Clarke restarts private client practice with double partner hire
Osborne Clarke (OC) has relaunched a dedicated private wealth practice, following the departures of partners Sandra Brown, Robert Drewett and Mark Woodward in 2013.
Judicial diversity: First female senior presiding judge appointed
The senior judiciary has gone further towards increasing diversity in its ranks as it names its first female senior presiding judge (SPJ) in the latest round of appointments.
Revolving doors: Clydes and Hunton & Williams make local hires while Squire Patton Boggs brings a team into its Paris office
Last week saw Clyde & Co expand its employment and personal injury practices with hires from DWF and Hill Dickinson, while Hunton & Williams grew its City energy and infrastructure practice. In Paris, Squire Patton Boggs expanded its international disputes practice with a double partner hire as well as a team of associates.
An ‘exemplary’ presented case: Freshfields-advised Sotheby’s prevails against claim it mistook a Caravaggio for a copy
Freshfields Bruckhaus Deringer has successfully had dismissed a multimillion pound lawsuit against auction house Sotheby’s concerning whether a painting of The Cardsharps was properly analysed and catalogued.
Selling the NEC: Eversheds, Wragge Lawrence Graham and Gateley on Birmingham’s £307m deal
Asia expansion: Hogan Lovells hires Gide Vietnam chief as it targets SE Asia
In keeping with its continued expansion in Asia, Hogan Lovells has today (16 January) announced the hire of Gide Loyrette Nouel‘s Vietnam head, Samantha Campbell, to its Southeast Asia practice where she will lead the firm’s offices in Hanoi and Ho Chi Minh City.
Financials 2013/14: Bird & Bird LLP accounts show fall in profits as firm ramps up headcount
Bird & Bird’s latest limited liability partnership (LLP) accounts show turnover at the firm grew 5% from €293m to just under €309m in the year to 30 April 2014, but that profit at the LLP was down 5% from €60.3m to €57.1m as staffing costs rose.
‘Our headline achievement’: Telefonica UK reduces external legal spend by 66% over two years
Reducing legal spend is an arduous task for many in-house counsel that face increasing pressure to manage cost efficiency. But, in a demonstration of the increasing cost pressures facing firms, such a feat has been substantially achieved by the UK arm of telecoms giant Telefonica which has reduced its external legal spend by 66% since 2012.
A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses
US banks have started to announce their results for Q4 2014, revealing a large hit to balance sheets from legal expenses with JPMorgan Chase spending $1.1bn and Citigroup $2.9bn, just in the three months to 31 December 2014.