In a rare move, White & Case has hired Macfarlanes competition and EU head Marc Israel after 15 years at the firm. Continue reading “Another defection from Macfarlanes as competition head moves to White & Case”
Nabarro slashes pension deficit ahead of three-way merger, LLPs reveal
Nabarro has more than halved its pension deficit from almost £31.9m to £12.2m, according to its latest LLP filing for the year ending April 2016.
Continue reading “Nabarro slashes pension deficit ahead of three-way merger, LLPs reveal”
City lawyers express concern as Lord Jackson is appointed to new review of court costs
City lawyers are emphasising the importance of access to justice following the government’s announcement Lord Justice Jackson is to head up a new review of fixed recoverable costs early next year. Continue reading “City lawyers express concern as Lord Jackson is appointed to new review of court costs”
Eversheds and Linklaters act as L&G finalises biggest pensions buyout of the year
Eversheds has advised Legal & General Group on the largest pensions risk transfer of 2016 as the insurer takes on £1.1bn of the Vickers Group Pension Scheme. Continue reading “Eversheds and Linklaters act as L&G finalises biggest pensions buyout of the year”
‘One of the top teams’: Milbank takes A&O US senior partner in real estate group hire
Milbank, Tweed, Hadley & McCloy has taken on a three-partner team from Allen & Overy (A&O) in New York, including the firm’s US senior partner Kevin O’Shea. Continue reading “‘One of the top teams’: Milbank takes A&O US senior partner in real estate group hire”
£14m and a 12-month lock-in: Asia lays out terms of KWM bailout package
European partners at beleaguered King & Wood Mallesons (KWM) have been given a lifeline by the Asia partners at the firm, who have agreed to stump up cash in exchange for a lock-in and a capital contribution.
Continue reading “£14m and a 12-month lock-in: Asia lays out terms of KWM bailout package”
BLM to cut almost half of support staff in Leeds in ongoing restructuring
LB 100 firm BLM has confirmed it will axe 19 out of 40 business support roles in Leeds as it downsizes and relocates in the city.
Continue reading “BLM to cut almost half of support staff in Leeds in ongoing restructuring”
Comment: Turbulence to shape next generation of M&A stars
There is a school of thought that the late 1980s and early 1990s proved singularly fertile ground for developing outstanding corporate lawyers. You can see the logic. The deregulation of Big Bang ushered in fresh investment, players and techniques and unleashed a wave of activity to be swiftly followed by the early 1990s’ recession. Continue reading “Comment: Turbulence to shape next generation of M&A stars”
Crunch time for KWM as partners meet over Chinese bailout deal
King & Wood Mallesons (KWM) global managing partner Stuart Fuller has stepped down from his leadership role as the firm meets today to hear a proposal to stabilise its European business. Continue reading “Crunch time for KWM as partners meet over Chinese bailout deal”
Stepping down: Rio Tinto legal head to exit amid payments investigation
Rio Tinto legal executive Debra Valentine has stepped down from her role, after having previously notified the company of her intention to retire in May 2017. Continue reading “Stepping down: Rio Tinto legal head to exit amid payments investigation”
Finance partner takes executive partner role at Slaughter and May
Slaughter and May announced today (10 November) that finance partner Paul Stacey is to be the firm’s new executive partner. He will take on the role as of May 2017, for a five year term. Continue reading “Finance partner takes executive partner role at Slaughter and May”
Fieldfisher acquires Birmingham presence with £6m boutique takeover
Fieldfisher has merged with Birmingham practice Hill Hofstetter in a deal that will add £6m to its top line. Continue reading “Fieldfisher acquires Birmingham presence with £6m boutique takeover”
The $1bn club: Arnold & Porter and Kaye Scholer confirm merger
Just a day after the US elected Donald Trump as its new president, New York and Washington firms Kaye Scholer and Arnold & Porter have today (10 November) announced a combination to create a $1bn firm, the largest combination of US firms so far this year. Continue reading “The $1bn club: Arnold & Porter and Kaye Scholer confirm merger”
‘A transition year’: Dechert chief executive confident despite 10% drop in City turnover
The highest take-home pay at Dechert‘s City office rose by nearly 9% last year to £2.9m, while income at the firm’s City office slid by 10%.
‘Back to the usual timeline’: BLP latest to thaw pay freeze
After being the first known firm to freeze pay after the Brexit vote, Berwin Leighton Paisner (BLP) has gone ahead with salary reviews. Continue reading “‘Back to the usual timeline’: BLP latest to thaw pay freeze”
‘Making Brexit look tame’: Slaughters heavyweight Boardman et al react as Trump rides to shock victory
Still reeling from the impact of Brexit, the global legal profession is this morning coming to terms with the shock victory of controversial Republican nominee Donald Trump in the US presidential election. Continue reading “‘Making Brexit look tame’: Slaughters heavyweight Boardman et al react as Trump rides to shock victory”
‘Highly regarded thought leader’: Sandie Okoro made World Bank GC
World Bank Group has appointed HSBC Global Asset Management general counsel (GC) Sandie Okoro as its senior vice president and GC. Continue reading “‘Highly regarded thought leader’: Sandie Okoro made World Bank GC”
Slater and Gordon, Eversheds and HSF take roles on Jay inquiry into child sexual abuse
Slater and Gordon, Eversheds, Herbert Smith Freehills (HSF), Kingsley Napley, BLM, Hill Dickinson, Farrer & Co and Weightmans are all among the firms acting on the Independent Inquiry into Child Sexual Abuse (IICSA). Continue reading “Slater and Gordon, Eversheds and HSF take roles on Jay inquiry into child sexual abuse”
Tough times ahead for real estate, capital markets and M&A, says latest NatWest report
Real estate, equity capital markets and M&A practices are expected to slow down significantly in the year ahead, despite UK law firms continuing to be highly profitable and a significant contributor to the economy, according to NatWest’s latest ‘Perspective on the Legal Market’ report out today (8 November). Continue reading “Tough times ahead for real estate, capital markets and M&A, says latest NatWest report”
Legal education: Bar Standards Board follows SRA with super-exam proposal
Aspiring barristers may have to take a new exam before qualifying into the profession as proposed by the Bar Standards Board (BSB) as part of a new consultation on how lawyers are trained.
Continue reading “Legal education: Bar Standards Board follows SRA with super-exam proposal”