Allen & Overy (A&O) and DLA Piper have won roles among US heavyweights as Qualcomm acquires Dutch firm NXP Semiconductors for $39bn. Continue reading “Allen & Overy and DLA Piper chip in as US elite act on $47bn Qualcomm deal”
Global London advances: US firms take key partners from A&O and CC
US firms continue their investment in the City, as two Magic Circle firms have today (28 October) lost partners to Dechert and Latham & Watkins. Continue reading “Global London advances: US firms take key partners from A&O and CC”
Tribunal rules against Uber as Leigh Day takes on DLA Piper in landmark employee rights case
Uber has said it will appeal after it lost a key tribunal case which saw Leigh Day take on DLA Piper in a landmark employment rights claim. Continue reading “Tribunal rules against Uber as Leigh Day takes on DLA Piper in landmark employee rights case”
Comment: The moment of truth arrives in the SJ Berwin saga
Even if you discount the more lurid claims made regarding King & Wood Mallesons, it is clear the firm is facing a huge challenge to get its Europe and Middle East business back on track. Continue reading “Comment: The moment of truth arrives in the SJ Berwin saga”
US partner promotions: Ropes & Gray promotes two in London in reduced global round
Two in the City have made the cut as Boston-based Ropes & Gray has promoted a modest 11 to partner in its 2016 round. The number of promotions in London match last year’s figures, but overall promotions are down 35% from 17.
Deutsche Bank litigation costs jump as bank reports small profit
Deutsche Bank has increased its litigation provisions from €5.5bn to €5.9bn for the third quarter of this year, while the German lender recorded an unexpected profit, beating analyst expectations. Continue reading “Deutsche Bank litigation costs jump as bank reports small profit”
KWM halts recapitalisation as four heavyweights announce exits
The beleaguered European arm of King & Wood Mallesons has been hit today (27 October) with yet another blow as it has emerged that four heavyweights are to quit its City office, including private equity partner and major biller Michael Halford, former managing partner Rob Day, as well as corporate finance partner Andrew Wingfield and Jonathan Pittal. Continue reading “KWM halts recapitalisation as four heavyweights announce exits”
Mishcon leader Gold to stand for final term as managing partner
Mishcon de Reya has kicked off the process for electing its managing partner, with current leader Kevin Gold indicating to the partnership he is willing to stand for the role for a final term. Continue reading “Mishcon leader Gold to stand for final term as managing partner”
‘A weaker moral compass’: Study reveals one in five law students would falsify time records
More than one in five law students surveyed in the UK and the US admit they would falsify time records for personal and business gain, according to the first cross-jurisdiction quantitative study of the ethics of law students published in the International Journal of the Legal Profession earlier this month. Continue reading “‘A weaker moral compass’: Study reveals one in five law students would falsify time records”
Willkie Farr takes top KWM biller to launch competition practice in the City
King and Wood Mallesons (KWM) has lost another heavy-hitter as competition partner Philipp Girardet exits the firm to set up Willkie Farr & Gallagher‘s London competition practice. Continue reading “Willkie Farr takes top KWM biller to launch competition practice in the City”
Corporate partner takes helm of DLA Piper’s City office
DLA Piper has appointed corporate partner Tom Heylen as London managing partner, taking over from Lord Tim Clement Jones, who will continue to work in his government affairs role and support the firm on Brexit-related issues.
Continue reading “Corporate partner takes helm of DLA Piper’s City office”
BLP and Pinsents advise Heathrow as government approves plans for third runway
Pinsent Masons and Berwin Leighton Paisner (BLP) have advised Heathrow Airport on the planning process up to the government’s decision yesterday (25 October) to approve a third runway, with more legal advisers likely to be appointed as the scheme is taken forward in the form of a national policy statement (NPS) for consultation.
Continue reading “BLP and Pinsents advise Heathrow as government approves plans for third runway”
Bringing home Bacon: Kirkland takes US private equity partner from Freshfields
Kirkland & Ellis has gone back to Freshfields Bruckhaus Deringer for another lateral hire, this time taking corporate partner Doug Bacon from the Magic Circle firm’s New York office. Continue reading “Bringing home Bacon: Kirkland takes US private equity partner from Freshfields”
Legal education: Another exit for ULaw as Platis quits after five months
The third chief executive in the last year to take the helm of the University of Law (ULaw) has now left his post, despite only being appointed in May this year.
Continue reading “Legal education: Another exit for ULaw as Platis quits after five months”
‘A vital role’: Siemens former legal chief Carless joins mental health charity
Siemens’ longstanding UK general counsel and company secretary Claire Carless has left her role to head up the legal division at mental health charity St Andrew’s. Continue reading “‘A vital role’: Siemens former legal chief Carless joins mental health charity”
First Osborne Clarke LLPs show revenue up as highest paid member takes home 22% more
Osborne Clarke (OC) has published its first set of LLP results for its UK and US offices which show an increase in annual revenue of 17% to £114.7m from £98.2m, while the firm’s highest paid member took home a fifth more than the year prior. Continue reading “First Osborne Clarke LLPs show revenue up as highest paid member takes home 22% more”
High-profile BP general counsel Bondy to move to Reckitt Benckiser
BP’s group general counsel (GC) Rupert Bondy, one of the most high-profile in-house leaders in the community, is to step down from his role by the end of the year to join Reckitt Benckiser, Legal Business can reveal. Continue reading “High-profile BP general counsel Bondy to move to Reckitt Benckiser”
‘A brave new world’: City firms anticipate further changes after new white collar reforms introduced
City lawyers anticipate more cooperation between the public and private sectors as the introduction of the Criminal Finances Bill into the House of Commons brings greater reform to white collar crime.
US quartet line up on AT&T’s $85.4bn takeover of Time Warner
Demonstrating dominance in their home market, four US firms have taken advisory roles as AT&T has offered to acquire Time Warner for $85.4bn. Regular adviser Sullivan & Cromwell is advising AT&T alongside Arnold & Porter, while Cravath, Swaine & Moore has taken the lead for CNN and HBO owner Time Warner, with Weil, Gotshal & Manges.
Continue reading “US quartet line up on AT&T’s $85.4bn takeover of Time Warner”
Addleshaws restarts salary review for all staff and pledges to backdate increases
Addleshaw Goddard has restarted its delayed salary review for all staff, including the annual review of fixed profit share for salaried partners, and the next profit distribution for equity partners. Continue reading “Addleshaws restarts salary review for all staff and pledges to backdate increases”