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The Client Profile: Gurdeep Boparai, Coventry Building Society

From the age of 10 I knew that I wanted to be a lawyer. The first lawyer I ever met was a close family friend. She had just qualified and spoke so passionately about the work she was doing, Being in and out of court sounded so exciting, the work was varied and fast paced and I knew this was something I wanted to be a part of. At that time the profession was heavily male dominated and having a strong female role model, and someone to aspire to was so important. I went on to do my research and did lots of work experience from the age of 16 in different firms, from local high street practices to larger national, commercial firms. Whilst I realised it wasn’t all glamorous – I was hooked! As I continued throughout my education, it became clearer that law fit my natural skillset and when I went on to do my LPC, it was the collaborative and problem-solving element of the work that interested me. Continue reading “The Client Profile: Gurdeep Boparai, Coventry Building Society”

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Profit flat at Eversheds Sutherland as revenue inches up amid ‘challenging conditions’

Lee Ranson

Eversheds Sutherland has posted a modest 3% increase in revenue for its business outside of the US, with profits remaining flat amid what the firm described as ‘challenging economic conditions’.

Revenues for Eversheds Sutherland (International) – which reports separately to the firm’s US arm – rose from £730.9m to £749.4m, with profit per equity partner (PEP) inching up by less than 1% from £1.29m to £1.3m, and net profit flatlining at £175.1m.

Continue reading “Profit flat at Eversheds Sutherland as revenue inches up amid ‘challenging conditions’”

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Antitrust renaissance: navigating deals amid agency crackdowns

‘The UK competition practice has been transformed by Brexit’ observes Nick Levy, a partner in Cleary Gottlieb’s London antitrust team.

It’s well documented that since the UK’s exit from the EU, the Competition and Markets Authority (CMA) has embraced a position of intensified scrutiny, leading to parallel investigations and outcomes with the European Commission (EC). Continue reading “Antitrust renaissance: navigating deals amid agency crackdowns”

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ESG in Switzerland: Schellenberg Wittmer Q&A

In the last two years, how has the ESG practice group grown at the firm?

Anya George: One notable characteristic of our group now is that it is truly multidisciplinary. We possess expertise in both transactional matters and disputes. In recent years, we have placed increased emphasis on financial market regulation, greenwashing, and carbon credits—areas where many of our competitors lack expertise. In Switzerland, there has been a noticeable rise in requests for advice on ESG matters across the board, although understanding due diligence and reporting requirements remains a primary concern for our clients. Continue reading “ESG in Switzerland: Schellenberg Wittmer Q&A”

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Travers Smith reaches record highs for revenue and PEP despite recent partner exits

Turning the page on last year’s disappointing financial performance, when revenue nudged up by just 1% and profit per equity partner (PEP) stayed flat, Travers Smith today (29 July) announced record-breaking results for 2023-24.

Revenue passed £200m for the first time, reaching £215m —a nearly 10% increase from last year’s £197.5m.

Continue reading “Travers Smith reaches record highs for revenue and PEP despite recent partner exits”

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Revolving Doors: Paul Weiss makes European restructuring bow as Dentons hires in new global CEO

Leading the high-profile moves this week, Paul Weiss hired Akin restructuring partner Liz Osborne in London for its much-anticipated European practice launch.

Leaving Akin after almost a decade at the US firm, Osborne will join Paul Weiss as the head of European restructuring.  Continue reading “Revolving Doors: Paul Weiss makes European restructuring bow as Dentons hires in new global CEO”

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Latham, Freshfields and A&O Shearman top the nominations for Legal Business Awards 2024

Latham & Watkins, Freshfields Bruckhaus Deringer and A&O Shearman are among the most-nominated firms at the 27th annual Legal Business Awards, the shortlist for which has been unveiled today (click here for the full list of nominees).

The trio, which have a total of 18 nominations between them, are all up for the prestigious Law Firm of the Year prize. To win, they will have to see off competition from fellow nominees Brodies, Burges Salmon, Freeths, Osborne Clarke, Pinsent Masons and Paul Weiss at the ceremony on 17th September at Grosvenor House.

Continue reading “Latham, Freshfields and A&O Shearman top the nominations for Legal Business Awards 2024”

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Dealwatch: Slaughters, Latham lead as Hammerson sells £1.5bn stake in Bicester Village owner

Shopping centre owners have weathered a difficult few years, with the rise of e-commerce, Covid and the cost of living crisis causing much grief for those with stakes in bricks and mortar retail.

There is cause for optimism, however, with private equity firm L Catterton’s acquisition of Hammerson’s £1.5bn stake in Value Retail – owner of the Bicester Collection – emblematic of increasing confidence in the sector, and raising hopes of a continued recovery in deal activity.

Continue reading “Dealwatch: Slaughters, Latham lead as Hammerson sells £1.5bn stake in Bicester Village owner”

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‘When someone is so disaffected it’s best to get them out sooner rather than later’: Kirkland to hold back pay for departing partners; cut notice period

riding on a Kirkland & Ellis wrecking ball

Kirkland & Ellis is overhauling its equity partner exit terms – ushering in new policies to withhold compensation for departing partners, as well as slashing notice periods and speeding up the time it takes those leaving to be repaid their capital. Continue reading “‘When someone is so disaffected it’s best to get them out sooner rather than later’: Kirkland to hold back pay for departing partners; cut notice period”