Property tycoons are preparing to hit UK’s courts over allegations that some of the UK’s leading lenders mis-sold hedging products including those involving LIBOR.
Law Society foresees return to pre-recession growth for industry by 2015
The Law Society has forecasted the UK legal industry will return to pre-Lehman levels of growth by next year, according to a report published by the regulator yesterday (28 August).
Government body’s report criticises ‘slow’ move from elitism in legal sector
The top jobs in the legal sector are still dominated by private schools, with ‘patchy evidence of Law, Medicine and Accountancy attempting to widen their search for talent’, according to a report published today by the Social Mobility and Child Poverty (SMCP) Commission.
Guest Blog: Are you behaviourally challenged? How you frame advice could influence client decisions
I finally got round to reading this report from John Maule on the Legal Services Board research pages. It sells itself a little short with the title: Helping Legal Services Consumers Make Better Decisions: Methods to Identify and Respond to Legal Problems, because it also looks at professional decision making and strategic decision making. There’s an interesting section on what might make law firms bad at strategic and management decision making.
‘A true asset’: Travers Smith private equity star Phil Sanderson set to join Ropes & Gray
City firm Travers Smith has lost heavyweight private equity partner Phil Sanderson who is set to join US firm Ropes & Gray.
Baker & McKenzie to open legal services outpost in Belfast
Baker & McKenzie has become the latest law firm to open a legal services office in Belfast as greater differentiation between high and low value work appears within mandates.
Paul Hastings and Weil Gotshal & Manges lead on German bank acquisition
US firms Paul Hastings and Weil, Gotshal & Manges have won lead roles on the OCEAN Holding acquisition of German mortgage bank Düsseldorfer Hypothekenbank, from the US investor Lone Star, in what is the largest German bank takeover since the economic downturn.
Freshfields NY corporate partner joins King & Spalding as former Amsterdam chief joins boutique
With Magic Circle firms still vowing to break ground in the US legal market, Manhattan-based corporate partner Matthew Jacobson has left Freshfields Bruckhaus Deringer and joined top-40 US firm King & Spalding while in the Netherlands, well-respected Robert ten Have has joined Rutgers & Posch.
Dewey liquidators confirm payout while Cobbetts’ payments are postponed
As the fallout from the demise of Dewey & LeBoeuf continues, liquidators of the UK arm are assessing paying an interim dividend to unsecured creditors of the City office having finished disbursements to secured and preferential creditors.
Clydes hires Kennedys aviation heavyweight as it builds practice
Clyde & Co has hired Kennedys’ aviation liability and insurance star David Johnston with further lateral hires expected.