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”
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 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”
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.
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”
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”
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.
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”
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”
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”
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”
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”
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”
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 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”
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”
Watson Farley & Williams (WFW) has reported strong first half results for the 2016/17 financial year as DAC Beachcroft saw its turnover grow just over 1%. Continue reading “H1 2016/17: Watson Farley achieves 14% growth as DAC endures a slower first half”
The second tallest building in Western Europe is set for the City, as Linklaters and DLA Piper picked up key real estate mandates advising on the new skyscraper. Continue reading “Linklaters and DLA Piper advise on City’s tallest skyscraper 1 Undershaft”
The controversial Investigatory Powers Bill received Royal Assent this week, after being passed by both houses of parliament earlier this month. This was despite the fact that signatures on a petition calling for it to be repealed passed the 130,000 mark, meaning that it must be considered for parliamentary debate. Continue reading “Controversial snoopers charter receives royal assent despite risk to legal privilege”
Standard Chartered has recruited a top lawyer from Barclays’ legal team, with regulatory lawyer Chris Allen set to join the investment bank as its new general counsel (GC) for clients and products. Continue reading “In-house: Standard Chartered takes Barclays heavyweight as new divisional GC”
