SRA indemnity report: Number of closing firms drops despite rejection of minimum cover cut Legal Business The Solicitors Regulation Authority (SRA) has confirmed 12 law firms have been forced to close for failing to secure professional…
US revenues 2014: Weil Gotshal & Manges bounces back with 16.5% PEP increase Jaishree Kalia US firm revenues for 2014 have kicked off with Weil, Gotshal & Manges showing a comeback in its results after…
Change management: CC appoints new COO and innovation chief as Layton unveils new strategy Legal Business Clifford Chance (CC) managing partner Matthew Layton has laid out the firm’s international strategy, aiming at becoming the ‘global law…
Job openings: Vacancies at real estate legal teams expand quickest in the City in 2014 as legal job market grows Legal Business In an indication of the legal job market’s growing strength, research analysing vacancy rates at law firms has shown that…
US-Russia relations: A&O, Skadden and V&E win roles as oil company EDC delists and sells $1.7bn stake Jaishree Kalia Despite the volatile economic conditions in Russia, Allen & Overy (A&O), Skadden, Arps, Slate, Meagher & Flom and Vinson &…
Paying the tab: Mishcon defeated as firm loses celebrity chef Ramsay’s High Court pub rent battle Tom Moore Mishcon de Reya client and celebrity chef Gordon Ramsay has lost a High Court battle over the £640,000 annual rent…
Revolving doors: Clydes and Hunton & Williams make local hires while Squire Patton Boggs brings a team into its Paris office Legal Business Last week saw Clyde & Co expand its employment and personal injury practices with hires from DWF and Hill Dickinson,…
Judicial diversity: First female senior presiding judge appointed Legal Business The senior judiciary has gone further towards increasing diversity in its ranks as it names its first female senior presiding…
‘The first step’: Osborne Clarke restarts private client practice with double partner hire Kathryn McCann Osborne Clarke (OC) has relaunched a dedicated private wealth practice, following the departures of partners Sandra Brown, Robert Drewett and…
Aiming for 80 jurisdictions: EY law launches in Sweden with Stockholm office Kathryn McCann Ernst & Young’s (EY) legal team has launched in Sweden with the hire of a six member team in Stockholm,…
Leaving Asia: Fried Frank closes down in Hong Kong and Shanghai Legal Business Fried, Frank, Harris, Shriver & Jacobson has decided to close its Hong Kong and Shanghai offices, leaving the US firm…
Significant mandates: CC client and Autonomy founder Lynch welcomes SFO closure of investigation Legal Business The UK’s Serious Fraud Office (SFO) has today (19 January) announced it has closed its high profile investigation into the $11bn…
‘Our headline achievement’: Telefonica UK reduces external legal spend by 66% over two years Legal Business Reducing legal spend is an arduous task for many in-house counsel that face increasing pressure to manage cost efficiency. But,…
Financials 2013/14: Bird & Bird LLP accounts show fall in profits as firm ramps up headcount Legal Business Bird & Bird’s latest limited liability partnership (LLP) accounts show turnover at the firm grew 5% from €293m to just…
Asia expansion: Hogan Lovells hires Gide Vietnam chief as it targets SE Asia Legal Business In keeping with its continued expansion in Asia, Hogan Lovells has today (16 January) announced the hire of Gide Loyrette…
An ‘exemplary’ presented case: Freshfields-advised Sotheby’s prevails against claim it mistook a Caravaggio for a copy Tom Moore Freshfields Bruckhaus Deringer has successfully had dismissed a multimillion pound lawsuit against auction house Sotheby’s concerning whether a painting of…
Selling the NEC: Eversheds, Wragge Lawrence Graham and Gateley on Birmingham’s £307m deal Kathryn McCann Eversheds, Wragge Lawrence Graham & Co, and Gateley have all led on the sale of the National Exhibition Centre (NEC)…
In-house: William Hill GC cashes out and moves to Travelport Kathryn McCann One of the UK’s biggest bookmakers, William Hill, has promoted Michael Leadbeater to group director of legal services, replacing general counsel (GC)…
Dealwatch: Kirkland, Travers, and Freshfields advise on Cinven’s £462m purchase of PCL Legal Business Kirkland & Ellis, Travers Smith and Freshfields Bruckhaus Deringer have all won roles advising as private equity firm GTCR agrees…
‘Proving their worth’: Eleven firms win places on local government pension scheme legal framework Legal Business The National Local Government Pension Scheme (LGPS) Frameworks group has launched a new legal services framework with eleven law firms including…
