In conversation: Marcello Dolores, VP – Corporate Legal and Regulatory Affairs for Southern Europe, Discovery Networks

GC: How did you come to be at Discovery?

Marcello Dolores (MD): I’m now in my seventh year at Discovery. I started to work for Fox International Channels, based in Rome, and in those seven years, there was a big expansion and startup of Fox’s business in Europe. Continue reading “In conversation: Marcello Dolores, VP – Corporate Legal and Regulatory Affairs for Southern Europe, Discovery Networks”

In conversation: Marco Lorefice, Senior Oil and Gas and International Arbitration Lawyer, Edison SpA

GC: Could you tell me about Edison and about your role?

Marco Lorefice (ML): Edison is the oldest European energy company. It’s named after Thomas Edison – a Milanese engineer met him at the end of the 19th century, and set up the first electric energy company in Italy after his name. Continue reading “In conversation: Marco Lorefice, Senior Oil and Gas and International Arbitration Lawyer, Edison SpA”

Withers’ expansion rush comes to an end as revenue grows 1% to pass £175m mark

Withers

After years of convincing growth on the back of its rapid international expansion, private wealth specialist Withers increased its turnover by a modest 1% to £176.6m this year.

Growth in profit per equity partner (PEP) also slowed down and was up by 3% to £402,000 after jumping 25% to £381,000 last year, when the firm increased its top line 8% to £174.5m. Continue reading “Withers’ expansion rush comes to an end as revenue grows 1% to pass £175m mark”

CC wins out as Google’s record fine in landmark antitrust case heralds new era

In a case that has put antitrust law on the front pages, the European Commission (EC) has fined Google a record €4.34bn for breaching competition rules after Clifford Chance (CC)’s client FairSearch triggered a long-running investigation.

Cleary Gottlieb Steen & Hamilton and Allen & Overy (A&O) were on the losing side as the EC found Google had illegally required manufacturers of smartphones running its Android operating system to pre-install its internet browsing and search engine apps. Continue reading “CC wins out as Google’s record fine in landmark antitrust case heralds new era”

‘A difficult time’: Ashurst axes 54 City secretaries following redundancy review

Ashurst

Ashurst has culled more than half of its secretarial staff in London as its redundancy review draws to a ‘difficult’ conclusion.

The firm confirmed on Wednesday (19 July) that 54 of its 100-strong secretarial team had been made redundant following a consultation which put 80 jobs at risk. Two secretarial roles in the Middle East have also been axed. Continue reading “‘A difficult time’: Ashurst axes 54 City secretaries following redundancy review”

Deal Watch: International elite flock to $3.3bn Linde disposal as Paul Hastings hire secures 2nd deal for PE client

Anu Balasubramanian

Freshfields Bruckhaus Deringer and Linklaters are leading on Linde’s $3.3bn Americas disposals, bringing the German gas group a step closer to its $83bn combination with Praxair.

The deal sees Freshfields advise a consortium of Messer Group, the German industrial gas manufacturer, and private equity house CVC Capital Partners as it acquired the bulk of Linde’s gas business in North America and individual business units in South America. The Freshfields team out of Germany was led by Kai Hasselbach in Munich and Stephan Waldhausen in Dusseldorf while its US team was led by partners Omar Pringle (M&A) and Paul Yde (antitrust). Continue reading “Deal Watch: International elite flock to $3.3bn Linde disposal as Paul Hastings hire secures 2nd deal for PE client”

End of Sir Cliff’s BBC privacy battle ushers in new rules on reporting investigations

Cliff Richard

Old-fashioned defamation disputes may rarely create significant precedent these days but the rapidly evolving area of privacy is a very different matter, a dynamic underlined this week in dramatic form in the conclusion of Sir Cliff Richard’s legal battle with the BBC.

The veteran celebrity’s victory in his long-running privacy case against the BBC has highlighted issues of potentially huge scope for the media and other publishers in reporting investigations against individuals. Continue reading “End of Sir Cliff’s BBC privacy battle ushers in new rules on reporting investigations”

Comment: Deal View – DLA moves house in London but can it break free?

DLA Piper

Shifting to an agile-working office is a peculiar experience. Two camps quickly emerge: those excited by change and colleagues happy with decades-old paper in a pile on their desk. It is unsettling, yet can galvanise a workforce.

DLA Piper is similarly moving into a bespoke, semi-open-plan office this year – its single-largest capital investment ever. The flagship London HQ unites 360 lawyers from two separate offices, a grand total of 633 steps down the road. A new environment will be embraced by many, but for some the gloss quickly wears off. Continue reading “Comment: Deal View – DLA moves house in London but can it break free?”

Blistering run comes to an end for Mishcon as PEP falls and revenue growth slows

In what has been a strong reporting year already for a number of mid-market pacesetters, it is perhaps surprising to find that the frenetic growth of recent years at Mishcon de Reya has finally slowed.

The firm’s 8% top-line growth to £161.3m remains strong but is slower than last year’s 17% hike to £149.4m and resulted in a 9% dip in profit per equity partner (PEP) to £1m. Continue reading “Blistering run comes to an end for Mishcon as PEP falls and revenue growth slows”

More cuts in the City as Ince & Co slashes more than 30 roles

Ince & Co

Shipping specialist Ince & Co has announced 32 redundancies in its London office in the latest wave of cuts by law firms in the City.

Ince is letting 25 business services staff and seven fee earners go, with three further roles still under consultation, including a managing associate whom Ince aims to relocate to one of its international offices. Continue reading “More cuts in the City as Ince & Co slashes more than 30 roles”

Withers re-appoints longstanding chief Robertson to fourth term after uncontested election

Margaret Robertson

Private wealth specialist Withers has re-appointed Margaret Robertson as chief executive for a fourth term following an uncontested election, meaning she will lead the firm until 2021.

Longstanding leader Robertson has overseen the rapid internationalisation of the firm from one to 17 offices and a decade of consecutive revenue growth in which Withers added almost £100m to its top line. Continue reading “Withers re-appoints longstanding chief Robertson to fourth term after uncontested election”