Payments company TransferWise is in the process of finalising its first ever roster of firms in what general counsel Jenifer Swallow describes as a ‘non-panel, panel review’. Continue reading “US heavyweights big contenders in TransferWise external counsel review”
In one of the largest penalties awarded against a law firm by the Solicitors Disciplinary Tribunal, Clyde & Co has been fined £50,000, while three partners also received £10,000 each in fines for breaching accounting and money laundering rules. Continue reading “Solicitors’ tribunal hands Clyde & Co record fine under money laundering rules”
Addleshaw Goddard and Burges Salmon have announced their latest partner promotions, with Addleshaws seeing a sharp drop in the number of associates being made up from last year. Continue reading “Partner promotions: Drastically reduced round for Addleshaws as Burges Salmon makes up trio”
Channel 4’s Prash Naik is to leave the media company just over three years after his appointment as general counsel (GC). Naik (pictured) has been at Channel 4 for almost 23 years, starting as a legal and business affairs executive and taking on positions including senior lawyer and controller of legal and compliance before landing the role of GC in 2014. Continue reading “Media moves: Channel 4 general counsel Prash Naik to depart after more than two decades”
After taking Quinn Emanuel Urquhart & Sullivan partner Martin Davies at the start of this year, Latham & Watkins is continuing its litigation push with Olswang partner Ian Felstead. Continue reading “Strategic recruitment: Latham continues litigation push with Olswang hire”
The Royal Bank of Scotland (RBS) is set to accumulate around £125m in legal costs as it defends itself against 27,000 shareholders who lost money following its 2008 rights issue. Continue reading “Fees to hit £125m for HSF client RBS as group action continues”
Just over a month after a High Court judge ruled on Dechert’s fee dispute with Eurasian Natural Resources Corporation (ENRC), the US firm has sued its client Ikon Finance over the non-payment of nearly £860,000 in fees. Continue reading “Back in court: Dechert sues client Ikon Finance over fees”
BT has concluded its long-awaited UK and Ireland panel review, with a raft of Magic Circle firms including Allen & Overy, Freshfields Bruckhaus Deringer, Clifford Chance and Linklaters winning places on the extended roster. Continue reading “BT concludes delayed panel review with 37 firms including Magic Circle heavyweights winning places”
Figures published by City firm RPC have shown a marked 37% increase in litigation against the largest 50 global banks in 2016, with the rates rising year on year. Continue reading “‘The time lag will vary’: New research shows litigation against global banks up 37%”
King & Wood Mallesons (KWM) confirmed today (3 April) that it is closing its Riyadh office, one of two bases the firm has in the Middle East. Continue reading “Scaling back: KWM pulls out of Riyadh in latest loss for global giant”
In a week of German hires, Berwin Leighton Paisner (BLP) and Noerr have added depth to their German offices with Clyde & Co and Farrer & Co making moves closer to home. Continue reading “Revolving doors: BLP and Noerr make German plays as City firms follow suit”
While there has been no shortage of firms announcing partnerships with legal AI providers, Slaughter and May has gone a step further and taken a 5% stake in Luminance, the due diligence AI supported by tech billionaire Mike Lynch. Continue reading “Slaughters takes 5% stake in Luminance as firms commit to legal AI”
DLA Piper is to combine with Danish law firm LETT by the end of May this year, becoming the largest firm in the Nordic region with five offices and more than 370 lawyers. Continue reading “DLA agrees Danish tie-up to become largest firm in the Nordics”
Slaughter and May, Allen & Overy (A&O), Clifford Chance (CC) have all picked up advisory roles in the UK government’s £11.8bn sale of buy-to-let mortgages from failed lender Bradford & Bingley. Continue reading “A&O and CC take spots as Bradford & Bingley loans sold by Slaughters Treasury client”
According to CBRE’s fifth Law in London report, the largest 100 firms in the City have made ‘significant changes’ to their real estate over the last five years, notably through a decrease in space per fee earner. Continue reading “‘Times have moved on’: City firms shrink office space as new leases down 50%”
After making its first ever lateral hire in London last month, Slaughter and May has strengthened its London bench with five new partners, including three women. Macfarlanes also made up three partners in the City earlier this week. Continue reading “City elite reduce partnership rounds as Slaughters makes up seven and Macfarlanes three”
With an average revenue growth of 5% in 2016, the business climate for small to medium size (SME) firms with income under £123m in the UK has been generally positive, according to the latest NatWest Legal Benchmarking report out today (30 March). Continue reading “NatWest SME law firm report warns lock-up a concern although business climate positive”
Addleshaw Goddard‘s general counsel (GC) Simon Callander is leaving the firm for a role as GC and company secretary at UK fashion retailer SuperGroup. Continue reading “‘A different direction’: Addleshaws GC Callander departs for role at Supergroup”
Fried, Frank, Harris, Shriver & Jacobson‘s London managing partner Graham White is to retire later this year with asset management partner Mark Mifsud taking up the role of London head. Continue reading “Fried Frank London leadership to move to Mifsud as veteran White retires”
Norton Rose Fulbright (NRF) has made a series of new management changes to its Far East offices, with new managing partners for its Hong Kong and Singapore offices and the appointment of project finance partner Nick Merritt as head of Asia business strategy. Continue reading “Norton Rose Fulbright reshuffles Asia management with three appointments”
