The market for electric vehicles (EVs) has not yet taken off, but this could be about to change. The ratification of the Paris Agreement means that many countries now need to reduce their emissions and in the UK we also need to reduce our reliance on fossil fuels, particularly in the transport sector, to meet our Climate Change Act 2008 targets.
It is trite to say that large infrastructure projects are complex and their development requires activity at the point at which commerce, regulation and policy converge. But there are projects of such magnitude that they may require extraordinary measures in each arena to deliver. Recognition of this has led to a variety of measures, usually involving new law, designed to facilitate them.
Continue reading “Not yet cleared for landing – many hurdles ahead for Heathrow expansion”
What do president Donald Trump, chancellor Philip Hammond and premier Li Keqiang all have in common? The answer does not relate to hairstyles but infrastructure – all have highlighted enhanced national infrastructure as key to bolstering their economies against the threat of slowing global growth. And they are not alone – the Word Economic Forum estimates the shortfall in global infrastructure investment to be at least $1trn per year. Continue reading “The promised march of the builders – mind that rhetorical gap”
Transport and infrastructure has long been viewed as one of the less glamorous legal practice areas, best suited to lawyers with the patience for ploughing through the minutiae of statutes. But with ever-increasing public and political scrutiny and a rush of private investors looking to park their money in safe assets, it has become one of the most high-profile – and demanding – areas of legal work. Continue reading “Getting there”
White & Case, Squire Patton Boggs and Weil, Gotshal & Manges all played key roles in private equity group Bridgepoint’s £750m buyout of vehicle business Zenith from HgCapital. Continue reading “White & Case bags another deal for Bridgepoint on Zenith buy”
Travers Smith senior partner Chris Hale has been re-elected for a second term to run from 1 July this year. Hale, who will return for a second term of two years, has been with the firm since 1983 and was made a partner in 1987.
Continue reading “‘Tremendous energy and leadership’: Hale re-elected Travers senior partner”
Freshfields Bruckhaus Deringer has promoted around 40 of its personal assistants (PAs) to executive assistant after about 80 applied for the newly-created roles as part of a review of 180 staff. Continue reading “Freshfields promotes 40 to executive assistant but will recruit more in support staff review”
Clifford Chance, Dechert, White & Case and Watson Farley & Williams have all landed roles on Shell’s sale of $3.8bn worth of North Sea oil and gas assets. Continue reading “Clifford Chance leads on Shell’s $3bn disposal of North Sea assets”
White & Case and Sullivan & Cromwell have advised Deutsche Bank as Germany’s largest lender has been fined £500m by the Financial Conduct Authority (FCA) and the New York’s Department of Financial Services over money laundering claims. Continue reading “White & Case and SullCrom advise as Deutsche Bank fined over £500m for money laundering claims”
Pinsent Masons‘ LLPs have revealed that the firm’s highest paid member took home £810,490, down 5% on last year’s figure of £856,293 while key management compensation was up about 2% from £5m to £5.1m. Continue reading “Pinsents’ highest paid member takes home 5% less than last year as key management bank over £5m”
Greenberg Taurig has made another lateral play in the City to build on its real estate funds hires from King & Wood Mallesons (KWM) as Weightmans, Paul Hastings, Mayer Brown, Allen & Overy (A&O) and Fieldfisher have all made new appointments.
Just one month after Arnold & Porter‘s takeover of Kaye Scholer went live, legacy Kaye Scholer’s London head has quit the firm alongside another partner and a team of associates.
Continue reading “Kaye Scholer takeover fallout: Former London head to exit with team to K&L Gates”
The highest paid member at Stewarts Law pocketed £1.7m over the 2015/16 financial year, according to the firm’s filings at Companies House. Continue reading “Stewarts Law LLPs show top earner takes home £1.7m as overseas revenues exceed 20% of turnover”
In a rare exit, Quinn Emanuel Urquhart & Sullivan has lost partner Martin Davies to Latham & Watkins. It is understood Davies (pictured) has taken on a leadership role in Latham’s London dispute resolution group. Continue reading “Latham continues City expansion taking Quinn litigator Martin Davies”
Scottish firms Morton Fraser and MacRoberts have called off merger talks in recent weeks, Legal Business has learned. Continue reading “All over: Morton Fraser and MacRoberts call off merger talks”
Clyde & Co has continued its US expansion, launching in Chicago and Washington DC. The firm has taken on a team of ten partners from Global 100 firm Troutman Sanders who will launch the two new offices. Continue reading “Clyde & Co continues US expansion with ten partner hire to open in Washington and Chicago”
RPC has appointed insurance head James Miller as the firm’s new managing partner, effective immediately. Continue reading “RPC elects insurance head Miller as new managing partner to succeed Watmough”
Dechert‘s financials for 2016 show revenue has risen 3% to $911.5m, while profit per equity partner (PEP) increased by 2% to $2.6m, mostly off the back of solid growth in London of 19% in billed and received work. Continue reading “US financials: London growth sees modest rise in Dechert’s global revenue and PEP”
The Law Society has appointed non-lawyer Paul Tennant as its interim chief executive following the resignation of Catherine Dixon at the start of January. Continue reading “‘A period of significant change’: Law Society appoints former housing body boss as interim chief executive”
Freshfields Bruckhaus Deringer and Clifford Chance are advising on Tesco’s £3.7bn merger with Booker Group, the UK’s biggest food wholesaler. Continue reading “Supermarket sweep: Freshfields and Clifford Chance line up on Tesco takeover of Booker”
