Baker & McKenzie takes lead role on £650m Gherkin receivership Sarah Downey Global 100 firm Baker & McKenzie has secured a heavyweight real estate mandate advising on the receivership of London’s iconic building,…
Guest post: ‘Stockholm syndrome’ in legal services – GCs are captured by their advisers Legal Business A caricature may reveal a truth… ‘Why, if there is all the talk of change, is change so slow?’ One…
Edwards Wildman sees final corporate partner exit for Olswang as Arnold & Porter emerges as ‘in talks’ with disputes team Legal Business US firm Edwards Wildman has seen the last of its quintet of disgruntled corporate partners resign as it has emerged…
Shearman & Sterling secures historic $50bn arbitration award in epic Yukos dispute Tom Moore Russia has been ordered to pay $50.08bn to the majority shareholders in Yukos Oil Company, once Russia’s largest oil producer,…
Simmons & Simmons expands in Saudi Arabia Tom Moore Top 20 UK firm Simmons & Simmons is set to expand in Saudi Arabia through the opening of a new…
Serious Fraud Office settles first Tchenguiz case for £3m with a further £3m in costs Jaishree Kalia The high profile Tchenguiz brothers’ lawsuit against the Serious Fraud Office (SFO) for around £300m has finally settled after the…
Summer retention 2013/14: RPC posts 100% trainee retention rate as CMS sees rate drop to 67% post Dundas tie-up Legal Business City firm RPC is the latest to reveal its trainee retention rates this summer, and has announced it will keep…
Guest post: Where now for legal regulation? – A consensus to change the UK regulatory framework has emerged, but none over direction Legal Business A direct consequence of the government’s decision in May not to make any major changes to the regulatory framework for…
Clifford Chance ushers in more streamlined constitution with end to regional and practice head votes Legal Business As part of the first major changes to its corporate governance structure in 14 years Clifford Chance yesterday (24 July) voted…
BP announces specialist panel with Fieldfisher returning to the fold Jaishree Kalia BP has selected nine firms to provide niche legal services as part of its wider panel. Firms appointed are Baker…
Mayer Brown cuts trainee intake by half and retains 67% while Weil retains 100% of trainees Legal Business Mayer Brown will be cutting its September 2016 trainee intake by half, taking in just ten applicants compared to their…
Slaughters and Links lead on £3bn Carillion/Balfour talks; HSF and A&O advise on BSkyB’s £7.4bn European acquisitions Tom Moore Construction group Carillion has instructed Slaughter and May’s corporate heavy hitter William Underhill and fellow corporate partner Kathy Hughes to…
The Bar: BSB picks Sir Andrew Burns as new lay chair Legal Business The Bar Standards Board has selected Sir Andrew Burns as its next chair with Baroness Ruth Deech QC due to…
Guest post: The Age of Anxiety – In London, in New York, it’s still hard out there Legal Business We’re just back from a week in London – coincidentally smack in the middle of the UK firms’ earnings-release season…
Trainee retention rate at Linklaters up to 93% Legal Business Linklaters has kept on 93% of qualifying trainees in its latest cohort, up on the 86% spring 2014 retention rate.
Financials 2013/14: Bristows records 4% revenue drop alongside 17% PEP slide as Withers enjoys revenue boost Legal Business London stalwart Bristows has revealed disappointing results for the 2013/14 financial year, as revenue has decreased nearly 4% to £34.1m…
Financial results 2013/14: DWF sees revenue up 2% but PEP down 4% Legal Business In its first full financial results following a period of rapid growth through four successive mergers and the acquisition of…
Clifford Chance overhauls its management structure with introduction of new executive leadership group Legal Business Clifford Chance (CC) has today (24 July) announced a raft of changes to its governance structure, including the establishment of a…
US firm Ropes & Gray has reshuffled its City management in a bid to re-focus capabilities across Europe Legal Business Five years on from the launch of its London office, co-managing partners Mike Goetz and Maurice Allen will split from…
‘The costs have been managed hard’ – LG profits in sharp rebound as two parts of Wragge Lawrence Graham confirm 2013/14 results Legal Business Recently formed national player Wragge Lawrence Graham & Co has unveiled the combined results of its legacy firms for the…
