As Barclays’ long-awaited review of its global legal panel moves closer to completion, it has emerged that the bank is set to shake up how it interacts with its external advisers with the introduction of corporate value accounts.
Barclays high profile Americas chief Michael Crowl set to join UBS
Barclays’ high-profile managing director and general counsel (GC) for the Americas, Michael Crowl, is leaving to head UBS’ US wealth management division, replacing former permanent head Jonathan Eisenberg, who returned to K&L Gates last year.
DLA Piper hires King & Wood Mallesons SJ Berwin private equity partner Tim Wright
DLA Piper has hired King & Wood Mallesons SJ Berwin (KWMSJB) City private equity partner Tim Wright, whose resignation from the partnership was announced internally late yesterday (7 May).
Asia: CC’s Charlton on high Asian promotion rate; Winston takes on DLA team; BLP enters Indonesia; Wragge LG ends Singapore tie-up
In a fortnight that has so far seen Winston & Strawn hire a four-strong corporate team from DLA Piper in Hong Kong; Berwin Leighton Paisner enter into an association in Indonesia; and Wragge Lawrence Graham end its association in Singapore with PK Wong & Associates, Clifford Chance’s Asia managing partner Peter Charlton also spoke to Legal Business about the firm’s heavy promotion rate in the region.
Partner promotions: Watson Farley; RPC; TLT and McCann FitzGerald unveil numbers
Top 50 UK firms Watson, Farley & Williams (WFW) and RPC have unveiled their latest partner promotions, making up 13 and three lawyers respectively, as top 60 firm TLT and leading Irish firm McCann FitzGerald both announced today (7 May) that they have promoted four lawyers.
Financial results 2013/14: Charles Russell’s revenue up by 7% as Weightmans posts record numbers
The first top 50 firms to unveil their 2013/14 financial results, Charles Russell and Weightmans this week each unveiled a healthy revenue increase of around 7%.
Bayer’s $14.2bn acquisition from Merck spins out roles for Sullivan, Fried Frank, Morgan Lewis and Cleary
The $14.2bn acquisition of Merck’s consumer care business by German pharmaceutical giant Bayer has spun out roles for a clutch of leading US law firms, as Sullivan & Cromwell advises longstanding client Bayer opposite Fried, Frank, Harris, Shriver & Jacobson; Morgan, Lewis & Bockius; and Cleary Gottlieb Steen & Hamilton for Merck.
In-house: Sainsbury’s unveils new panel; Lloyds brings in insurance GC; Ladbrokes promotes deputy to GC role
A trio of significant in-house moves and announcements yesterday (6 May) saw King & Wood Mallesons SJ Berwin and TLT awarded a first-time spot on Sainsbury’s latest panel, as Lloyds Banking Group appointed RSM Tenon’s former group general counsel (GC) Joanne Jolly to lead its insurance group and outgoing Ladbrokes GC Jonathan Adelman handed over the reins to his deputy.
Partner promotions: Osborne Clarke makes up five in the UK after Stephenson Harwood promotes City duo
Osborne Clarke (OC) has made up five new partners in its 2014 promotion round across the UK, constituting the firm’s highest-ever UK figures in three years, following Stephenson Harwood’s announcement last week that it has made up just two City associates to partner this year.
Allen & Overy latest to launch in Myanmar despite ongoing risk factors
Allen & Overy (A&O) has become the first Magic Circle firm and the latest of the UK’s top 20 to launch in Myanmar, despite ongoing concerns over the risk factors for corporations looking to invest in a republic with a legacy of political instability and human rights atrocities.