Just a couple of weeks after online fashion retailer Boohoo.com became a stock market sensation, seeing its stock soar 50% on its first day of trading, netting its founders £125m in a matter of minutes, the Burnley-based start-up has appointed DLA Piper, TLT, Addleshaw Goddard and Pannone Corporate to its legal panel.
Revolving Doors: Brodies hires Transocean former GC as Squire Sanders and Bird & Bird make key hires
The past week was one for lateral hires outside the City, as Brodies boosted its oil and gas practice with the hire of former Transocean general counsel for Africa and the Mediterranean, Tom Hickey; Squire Sanders beefed up its construction team in Manchester with former head of construction and engineering and corporate services at Pannone, Sean McCay; and Bird & Bird bolstered its Brussels base with the second competition partner exit from Ashurst’s Brussels office in two months.
Hogan Lovells, CC, Simpson Thacher and Ashurst secure roles on Investindustrial’s €2bn sale of Avincis
Hogan Lovells and Clifford Chance (CC) have secured leading corporate roles on European investment group Investindustrial’s €2bn disposal of aerial service provider Avincis to Babcock International, with Simpson Thacher & Bartlett and Ashurst also advising on the deal.
Stephenson Harwood enters Formal Law Alliance with Singapore’s Virtus Law
Stephenson Harwood has received formal approval to work with Singapore firm Virtus Law from the local Attorney General’s Chambers.
Under the Formal Law Alliance (FLA), the firms will work more closely together to undertake work requiring both English and Singapore law expertise.
Withers to appeal £1.6m negligence finding as former client also appeals point of judgment
Leading private client firm Withers has confirmed it will appeal a recent High Court decision that ordered the firm to pay £1.6m in damages after upholding a professional negligence claim, while the claimant Wellesley Partners (WP) has said it also intends to appeal a finding of the judgment.
Succeed or fail, the merger talks between China’s Zhong Lun and Jun He are something of a game changer
With the weight of economic power widely-regarded to be shifting east, a tie-up between Chinese merger talks partners Zhong Lun and Jun He would give the merged entity unrivalled breadth in the People’s Republic of China (PRC) and beyond, although UK partners say they have no immediate concerns that the firm would be competing with them for deals on the world stage.
Squire Sanders reveals almost flat US turnover and profits as Patton Boggs talks ongoing
Squire Sanders has unveiled largely flat 2013 results in the US, with revenue at the top 15 LB100 firm, which is still in merger talks with Washington’s Patton Boggs, nudging up just 0.1% to $775m.
A&O duo at risk of SRA investigation after criticism of Dahdaleh conduct
Two senior litigators from Allen & Overy (A&O) face the possibility of an investigation by the Solicitors Regulation Authority (SRA) following allegations of misconduct during a high profile fraud case.
Rise of the accountants: EY appoints Addleshaws corporate chief to establish UK legal capability
Global accountancy giant EY has hired Addleshaw Goddard’s corporate managing partner Philip Goodstone in a bid to build up its UK legal credentials.
Irwin Mitchell replaces overdraft facility with £60m finance package
Irwin Mitchell has secured a £60m four-year finance package with an additional £30m ‘accordion’ facility with HSBC, Lloyds and Royal Bank of Scotland to fund its strategic plan to grow its business ‘substantially’.