London calling? Recruiters eye New Zealand talent market as borders reopen

London calling? Recruiters eye New Zealand talent market as borders reopen

As prime minister Jacinda Ardern declared New Zealand’s borders fully open last Sunday (31 July) for the first time since March 2020, commentators have reckoned on a whole new talent pool.

Overseas experience (OE) had long been a rite of passage for many qualified New Zealand lawyers, with nearest neighbour Australia being the obvious choice for such experience. Indeed, Allens was among the firms known to actively recruit talent from the New Zealand market. Continue reading “London calling? Recruiters eye New Zealand talent market as borders reopen”

Life During Law: Jeff Twentyman

Life During Law: Jeff Twentyman

I acquired through reading an interest in justice and the role law could play. One book I read in my late teens was influential. In the Spirit of Crazy Horse by American journalist and author Peter Matthiessen. Written in 1983 about an individual who was part of the American Indian Movement called Leonard Peltier. He happens to still be in jail 45 years later, in what this book would tell you was a major miscarriage of justice. It profoundly affected me. The idea that law could be a force for good attracted me to the legal system.

I was predisposed to arguing. I found it interesting to pursue the right answer through discussing it with people. Constructive arguing rather than arguing in a teenager-y sort of way. I made the connection that actually the two things played into each other. I was possibly a little bit idealistic. Continue reading “Life During Law: Jeff Twentyman”

The big stories of the past two months

The big stories of the past two months

Robust revenue and profit growth for UK and US firms

First to report on a 2021 calendar-year basis, US firms set a high bar for impressive gains as robust financial results were released. Another bumper year for private equity saw Kirkland & Ellis retain its title as the world’s highest-grossing law firm with revenue exceeding $6bn for the first time following a 25% increase, while profit per equity partner (PEP) spiked by more than 19%, reaching $7.38m. Continue reading “The big stories of the past two months”

Strategic recruitment: Ropes makes triple private equity swoop as Latham loses energy partner to Milbank

Strategic recruitment: Ropes makes triple private equity swoop as Latham loses energy partner to Milbank

The hot legal recruitment market is showing no sign of cooling down with summer looming, as firms continued to strengthen their benches at home and abroad.

Starting in May, Ropes & Gray took further steps towards its goal of becoming the go-to private equity practice in the City with the addition of partners Dan Oates, Simon Saitowitz and Angela Becker in the London office. Continue reading “Strategic recruitment: Ropes makes triple private equity swoop as Latham loses energy partner to Milbank”

The American dream: US firms in expansion mode amid wave of international office openings

The American dream: US firms in expansion mode amid wave of international office openings

Spring seems to have brought out the globetrotting spirit among American law firms, with Cravath, Swaine & Moore, Kirkland & Ellis, Winston & Strawn and Quinn Emanuel Urquhart & Sullivan all announcing plans for ambitious office launches in recent weeks.

The headline investment was Cravath’s commitment to a new office in Washington DC. The move, announced on 6 June, will be seen as something of a coup for the traditionally conservative Wall Street giant, the new outpost becoming just the third in Cravath’s international portfolio. The New York headquarters was established in 1819 and the London office opened in 1973. The Manhattan stalwart also once had a presence in Paris and Hong Kong, although those closed in 1983 and 2003 respectively. Continue reading “The American dream: US firms in expansion mode amid wave of international office openings”

Gerrard revelations and Ince restaurant-gate pose ethical quandaries for profession

Gerrard revelations and Ince restaurant-gate pose ethical quandaries for profession

If the Ukraine invasion and its ensuing debates around right to representation inflicted a bruise on the legal profession’s reputation, recent professional misconduct episodes have surely left a greater wound.

In early May, a Twitter post authored by a Cardiff restaurant owner went viral, containing claims that a group of Ince lawyers had behaved inappropriately towards a waitress. Continue reading “Gerrard revelations and Ince restaurant-gate pose ethical quandaries for profession”

‘A true star and magnificent friend’: Industry greats bid farewell to Skadden M&A doyen Scott Simpson

‘A true star and magnificent friend’: Industry greats bid farewell to Skadden M&A doyen Scott Simpson

Asking around the market for tributes to Scott Simpson, Skadden’s eminent M&A partner who died suddenly at the age of 65 on 29 May, soon confirmed what was long suspected. Scott was the kind of man who got everyone up dancing to rock music, the sort of man who put the shirt-related fear of God into German hoteliers, the consummate enthusiast, sportsman and loving family man. He was the kind of man who would not hear of allowing a legal journalist to go unescorted in a foreign city or flinch when she put her foot in it. Effortlessly kind, generous, clever and funny.

Michael Hatchard, the now retired partner who did much to make Skadden a US heavyweight in public M&A work in Europe, recalls fondly: ‘When called to Düsseldorf for what would become the defence of Mannesmann in the bid from Vodafone, Scott left London just before the New Year holidays without hesitation with an overnight bag. He didn’t surface until the spring, by which time he had become a central player in the defence team and the deal had become recommendable. The hotel eventually asked him to sign a waiver because the collars on his much over-laundered shirts were about to fall off.’ Continue reading “‘A true star and magnificent friend’: Industry greats bid farewell to Skadden M&A doyen Scott Simpson”

Legal 500 data: The Legal 500 Latin America rankings

Legal 500 data: The Legal 500 Latin America rankings

The tables below summarise top-tier rankings, firstly by country (for the region’s major jurisdictions), and then on a regional basis, as drawn from The Legal 500 Latin America’s 2022 edition (published October 2021). Please note these listings exclude Central America, which will be considered separately in a subsequent edition of Legal Business.

Continue reading “Legal 500 data: The Legal 500 Latin America rankings”

GC Powerlist Türkiye 2022

GC Powerlist Türkiye 2022

Due to the favourable geopolitical location of Türkiye, it is a renowned hotspot for local and foreign investors. Its regulatory and political landscape has also seen recent, rapid evolution and change. Frequent developments are underway to laws regarding real estate, data privacy, citizenship, among others. Moreover, the Covid-19 pandemic presented a distinctive set of challenges for the country and for companies in Türkiye. General counsel (GCs), throughout this period, guided their respective companies with consistent and practical support.

The Legal 500 GC Powerlist: Türkiye 2022 demonstrates an astounding level of legal ability against an arduous, transforming economic background. Driven by resilience, GCs in Türkiye have assumed a leading role in their companies and navigated unparalleled challenges. It does not come as a surprise that the in-house legal profession is burgeoning in Türkiye, attributable to the taxing undertakings they typically face in their organisations. Continue reading “GC Powerlist Türkiye 2022”

BLM salaried partners forced to re-apply for roles as Clyde merger looms

BLM salaried partners forced to re-apply for roles as Clyde merger looms

Salaried partners at BLM will have to re-apply for their positions once the firm’s merger with Clyde & Co goes live on 1 July.

Subject to a consultation, the salaried partners at BLM will be automatically transferred to Clyde with the title of legal director, and then given three options. Aside from remaining a director, they can apply to become a salaried partner (this option is only open to the casualty insurance practice) or a full equity partner at the merged firm. Continue reading “BLM salaried partners forced to re-apply for roles as Clyde merger looms”