The exits continue at Ashurst as the firm’s Abu Dhabi head has quit for a US firm while two Asia finance partners, including Ashurst’s Hong Kong managing partner have joined Allen & Overy (A&O).
Media matters: CC, Kirkland and Jones Day act on $1.56bn Informa bid for US publisher
Clifford Chance (CC), Kirkland & Ellis and Jones Day have all won mandates on FTSE 100 publishing company Informa’s $1.56bn bid for US trade publisher Penton Business Media.
Paul Hastings adds another City heavyweight as Ashurst is hit again
Paul Hastings has continued to strengthen its burgeoning City practice with yet another high-profile lateral hire, this time taking respected finance partner Nigel Ward from a beleaguered Ashurst.
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Guest post: How years of frustration have led to the LSB’s vision for a single regulator
The Legal Services Board’s (LSB) vision for the future of legal regulation reflects the build-up of years of frustration.
Nick Thomas to stand uncontested for a fifth five-year term as Kennedys’ senior partner
Longstanding senior partner Nick Thomas is to stand uncontested for a fifth five-year term as senior partner at insurance specialist Kennedys.
Australian ambitions: HSF opens alternative legal services hub in Melbourne
After becoming the first Western firm to open an alternative legal services (ALT) hub in China, Herbert Smith Freehills (HSF) is to launch a new centre in Melbourne, as well as maintain a permanent presence in Perth, following the success of its ALT ‘pop-up’ which launched last October.
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Squires to hold leadership election as European managing partner Crossley prepares to step down
A leadership battle at Squire Patton Boggs will take place as long-standing leader Peter Crossley has confirmed he will step down as Europe and Middle East managing partner at the end of this year.
Slaughters latest to pilot AI technology in deal with Autonomy founder Mike Lynch
Slaughter and May has teamed up with Luminance, which is being backed by Autonomy founder Mike Lynch’s investment fund, to help launch new artificial intelligence (AI) for M&A.
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Clifford Chance and Davis Polk deliver $8bn Hong Kong IPO for Postal Savings Bank
Clifford Chance, Davis Polk & Wardwell, King & Wood Mallesons and Chinese law firm Haiwen & Partners have advised on the year’s largest initial public offering (IPO) of $8bn for Postal Savings Bank of China launched today (14 September).
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Kirkland acquires litigation boutique to bolster US Supreme Court practice
Kirkland & Ellis has bolstered its US appeal court credentials with its latest heavyweight lateral hires, bringing in former US Solicitor General Paul Clement and former Assistant Attorney General Viet Dinh alongside the rest of the team at litigation boutique Bancroft.
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Hewlett Packard successor firm launches first panel review
HP Inc, the largest successor company of Hewlett Packard, has launched a global law firm panel review.
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Six judges get bumped up to Court of Appeal
Six High Court judges have been promoted to the Court of Appeal including well-regarded Commercial Court judge Mr Justice Flaux.
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Eversheds starts talks on new management structure as leadership election looms
Eversheds has begun talks to forge a new leadership team as the firm strives to avoid a divisive contest after current chief executive Bryan Hughes steps down next May. Current managing partner Lee Ranson is expected to take Hughes’ role in a management structure with two other partners.
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RPC Consulting targets £50m turnover in plans to challenge Big Four
RPC‘s insurance management consulting arm is pursuing significant expansion as it bids to hit a £50m turnover target within the next five years.
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Rise of the accountants: PwC’s legal arm posts 24% revenue jump to £59.9m
Revenue at PwC Legal has soared this financial year, from £48.5m to £59.9m, an increase of 25%. Led by senior partner Shirley Brookes, the legal arm of the accounting giant has also posted net income of £11m. Of the total revenue, £56m of that is UK fee income.
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Herbert Smith Freehills sues client San Leon over £500k legal bill
Often considered a risky move for a law firm, Herbert Smith Freehills (HSF) has successfully sued longstanding client San Leon Energy at London’s High Court for payment of nearly £500,000 in unpaid fees.
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Revolving doors: Post-summer hiring spree continues with Eversheds, Pinsents and Clydes adding to their ranks
The post-summer hiring spree continued in earnest this week, with Eversheds, Pinsent Masons, Clyde & Co, Gibson, Dunn & Crutcher and Dentons bolstering their benches with new partner hires.
A change at the top: Cleary elects Michael Gerstenzang managing partner
Elite New York firm Cleary Gottlieb Steen & Hamilton has elected Michael Gerstenzang as its next managing partner.
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Slaughters and Debevoise take sides as HarbourVest makes hostile bid for SVG Capital
Slaughter and May has won repeat work for SVG Capital as the private equity house faces a £1bn hostile takeover bid from Boston-based group HarbourVest.
Norton Rose secures another Canadian tie-up with Vancouver firm
Norton Rose Fulbright (NRF) has tied up with a third Canadian firm, acquiring Vancouver firm Bull Housser following the acquisition of Oglivy Renault in 2011 and Macleod Dixon in 2012.
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