Addleshaw Goddard managing partner John Joyce is to stand for re-election for a second term at the helm of the firm.
Continue reading “Four more years: Addleshaws Joyce to run again as leadership election kicks off”
‘Playing to our strengths’: Simmons posts 5% half-year revenue rise
Simmons & Simmons announced today (6 December) a 5% increase in half-year income, bringing in revenue of £149m in the first six months of the 2016/17 financial year, up from £142m this time last year. Continue reading “‘Playing to our strengths’: Simmons posts 5% half-year revenue rise”
Another blow for KWM as Addleshaws hires former European head Boss along with two other partners
Addleshaw Goddard has made a play for King & Wood Mallesons (KWM) partners, taking on the firm’s former managing partner William Boss, as well as property partner Simon Tager and commercial real estate partner Michael Scott. Addleshaws has also hired commercial real estate managing associate Luke Harvey who joins as a partner. Continue reading “Another blow for KWM as Addleshaws hires former European head Boss along with two other partners”
‘Deals are being done’: AIM-listed Gateley’s half-year revenues soar 19% to £35.2m
AIM-listed Gateley has seen revenues jump significantly for the six months to 31 October 2016, up 19% from £29.6m to £35.2m. Gateley saw turnover improve 11% in the same period last year. Continue reading “‘Deals are being done’: AIM-listed Gateley’s half-year revenues soar 19% to £35.2m”
Freshfields and Linklaters last of the big four to match US associate bonuses
The remaining Magic Circle firms with a US presence have now matched Cravath, Swain & Moore‘s associate bonus payouts with Freshfields Bruckhaus Deringer and Linklaters the latest to send out memos, following Clifford Chance (CC) and Allen & Overy (A&O).
Continue reading “Freshfields and Linklaters last of the big four to match US associate bonuses”
Freshfields, Eversheds and Slaughters lead the pack as Brexit vote sparks record-breaking admissions to Irish roll
The number of solicitors added to Ireland’s law society roll has increased by 275% to 1,347 solicitors over the past year in the wake of the Brexit vote, with Freshfields Bruckhaus Deringer, Eversheds and Slaughter and May making the most applications. Continue reading “Freshfields, Eversheds and Slaughters lead the pack as Brexit vote sparks record-breaking admissions to Irish roll”
CMS, Nabarro and Olswang offer £10,000 to future trainees if they defer
CMS Cameron McKenna, Nabarro and Olswang, have offered £10,000 to their trainees if they choose to defer for six months, pushing back their start date at the then combined firm to February 2018. Continue reading “CMS, Nabarro and Olswang offer £10,000 to future trainees if they defer”
News in brief – December 2016
PARTNERSHIPS AT RISK IN AUTUMN STATEMENT
Chancellor Philip Hammond signalled a change to partnership taxation in November’s Autumn Statement, which is expected to impact law firm pay. Hammond said he will shake up profit-sharing arrangements, and according to UHY Hacker Young tax partner Roy Maugham, the government will propose that partnerships must decide their profit-sharing arrangements at the beginning of the tax year rather than at the end, regardless of how individuals perform.
Deal watch: Corporate activity in December 2016
TRAVERS AND W&C LEAD ON LATEST BRIDGEPOINT DEAL
Travers Smith advised long-time client Bridgepoint as it sold off Oasis Dental Care to White & Case client Bupa for £835m. DLA Piper also acted on the deal, advising the dental firm’s management team.
Continue reading “Deal watch: Corporate activity in December 2016”
Shell moves to ‘appropriate’ fee arrangements for all matters following panel review
Royal Dutch Shell has implemented a rule that all new legal matters must be priced using ‘appropriate’ fee arrangements (AFAs), following the oil major’s most recent panel review in April 2016. Continue reading “Shell moves to ‘appropriate’ fee arrangements for all matters following panel review”
Revolving doors: Akin Gump strengthens trade practice in London, while Mayer Brown expands pensions
In a busier week for laterals, US firms Akin Gump Strauss Hauer & Feld and Mayer Brown strengthened their London benches, while several UK firms including Shepherd and Wedderburn, Clyde & Co and Ince & Co target growth in Scotland, China and Singapore, respectively.
Study finds executives at risk due to increasing anti-corporate litigation culture
Cyber incidents, data privacy, rising regulation, litigation funding, and shareholder activism are putting corporate leaders under more pressure than ever to fall foul of investigations and prosecutions over alleged wrongdoing, a new report has found. Continue reading “Study finds executives at risk due to increasing anti-corporate litigation culture”
In-house: Balfour Beatty sticks with Pinsents as sole adviser until 2018
Global infrastructure giant Balfour Beatty has renewed its sole adviser mandate with Pinsent Masons until the end of 2018, Legal Business has learned. Continue reading “In-house: Balfour Beatty sticks with Pinsents as sole adviser until 2018”
Squires continues German growth with three-partner Frankfurt team from WilmerHale
Transatlantic firm Squire Patton Boggs has recruited three litigation and competition partners from US firm Wilmer Cutler Pickering Hale & Dorr, including the firm’s former Frankfurt office head. Continue reading “Squires continues German growth with three-partner Frankfurt team from WilmerHale”
RBS group action settles with Quinn, Stewarts and Mishcon claimants as Signature prepares for trial
The long running saga that is the £4bn shareholder group action against the Royal Bank of Scotland (RBS) has reached a decisive stage, as claimants represented by Quinn Emanuel Urquhart & Sullivan, Stewarts Law and Mishcon de Reya have settled their case while thousands of claimants represented by Signature Litigation will press ahead for trial next spring. Continue reading “RBS group action settles with Quinn, Stewarts and Mishcon claimants as Signature prepares for trial”
Private equity: Weil and Freshfields act as OMERS sells V.Group to Advent
Weil, Gotshal & Manges and Freshfields Bruckhaus Deringer have won roles on OMERS Private Equity’s first European exit as it sells V.Group to Advent International. Continue reading “Private equity: Weil and Freshfields act as OMERS sells V.Group to Advent”
Allen & Overy PE heavyweight Bernhardt joins Milbank in Frankfurt
Milbank, Tweed, Hadley & McCloy has confirmed private equity (PE) partner Michael Bernhardt will join the firm’s corporate department in Frankfurt from Allen & Overy (A&O). Continue reading “Allen & Overy PE heavyweight Bernhardt joins Milbank in Frankfurt”
Guest post: Why lawyers aren’t selling what clients are buying
Demand is flat or falling at large law firms, says the newest Wells Fargo survey released earlier this week. Revenue is now being driven solely by hourly rate increases, the last remaining income enhancement button that law firms can press and one they will presumably continue to press until it no longer responds. Continue reading “Guest post: Why lawyers aren’t selling what clients are buying”
Dentons Australia combination goes through at last after three offices break away
Dentons long-awaited tie up with Australian law firm Gadens has officially gone through, although three of the firm’s offices will split off and not take on the Dentons branding. Continue reading “Dentons Australia combination goes through at last after three offices break away”
‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger
Berwin Leighton Paisner (BLP) and Nabarro acted opposite Eversheds and Mayer Brown on CBRE Global Investors’ merger of its UK Property Fund with the Electricity Supply Pension Scheme (ESPS), creating a £1.4bn property fund called the CBRE UK Property PAIF. Continue reading “‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger”