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”
Pinsents’ highest paid member takes home 5% less than last year as key management bank over £5m
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”
Revolving doors: Greenberg hires to support new KWM team as A&O and Fieldfisher add to their benches
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.
Kaye Scholer takeover fallout: Former London head to exit with team to K&L Gates
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”
Stewarts Law LLPs show top earner takes home £1.7m as overseas revenues exceed 20% of turnover
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”
Latham continues City expansion taking Quinn litigator Martin Davies
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”
All over: Morton Fraser and MacRoberts call off merger talks
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 continues US expansion with ten partner hire to open in Washington and Chicago
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 elects insurance head Miller as new managing partner to succeed Watmough
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”
US financials: London growth sees modest rise in Dechert’s global revenue and PEP
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”
‘A period of significant change’: Law Society appoints former housing body boss as interim chief executive
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”
Supermarket sweep: Freshfields and Clifford Chance line up on Tesco takeover of Booker
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”
Former Ashurst securities head emerges at Fieldfisher to launch alternative legal business
Fieldfisher has formed a new business focused on offering alternative legal services aided by document-reading software. The new business unit, called Condor, is being overseen by former Ashurst head of securities and derivatives Christopher Georgiou. Continue reading “Former Ashurst securities head emerges at Fieldfisher to launch alternative legal business”
In-house: Open banking group appoints first GC and picks Hogan Lovells as sole adviser
An open banking initiative funded by the UK’s nine biggest banks has appointed former Lloyds and Halifax lawyer Marcus Ezekiel as its first general counsel, Legal Business has learned. Continue reading “In-house: Open banking group appoints first GC and picks Hogan Lovells as sole adviser”
SDT clears News of the World lawyer of spying claims
The Solicitors Disciplinary Tribunal (SDT) has dismissed claims against Farrier & Co partner Julian Pike, a solicitor accused of advising News International that it should spy on lawyers who were acting for victims of phone hacking. Continue reading “SDT clears News of the World lawyer of spying claims”
Greenberg reveals list of European relationships gained through KWM hires
Following the collapse of King & Wood Mallesons‘ (KWM) European arm last week and the lateral moves of all but 33 of its partners, Greenberg Traurig has confirmed CBRE, Westfield and British Airways’ Pension Fund have followed a six-strong group of former KWM partners to Greenberg as new clients. Continue reading “Greenberg reveals list of European relationships gained through KWM hires”
Slaughters and Cravath pick up roles on $30bn Johnson & Johnson bid for Actelion
A string of firms including Slaughter and May and Cravath, Swaine & Moore are acting on Johnson & Johnson’s $30bn offer to buy Swiss biotech company Actelion. Continue reading “Slaughters and Cravath pick up roles on $30bn Johnson & Johnson bid for Actelion”
RPC accounts show management pay falls to £6m as consulting makes up 1% of revenue growth
RPC has seen its total pay to key management personnel drop to £6m for the 2015/16 financial year, down from £6.3m the year before, while remuneration to the firm’s highest paid member also fell. Continue reading “RPC accounts show management pay falls to £6m as consulting makes up 1% of revenue growth”
A&O management sees a 7% increase to pay amid modest revenue growth
Allen & Overy‘s (A&O) c-suite including its senior partner and managing partner, global practice heads and support directors took home £13.6m in 2015/16, up 7% on last year’s £12.7m, the firm’s accounts reveal. Continue reading “A&O management sees a 7% increase to pay amid modest revenue growth”
Debevoise acts opposite Leigh Day on another pollution claim against Shell
Debevoise & Plimpton co-managing partner Lord Peter Goldsmith has secured a victory for Shell in the High Court as a judge barred 40,000 villagers from the Niger Delta from claims against the oil giant over decades of oil spills. Continue reading “Debevoise acts opposite Leigh Day on another pollution claim against Shell”