The Solicitors Regulation Authority (SRA) is claiming that reforms on regulation to open up the market, increase competition and focus on high professional standards will help to alleviate the uncertainty facing the legal profession as a result of the Brexit vote.
Continue reading “SRA claims reforms will help ease uncertainty for law firms post-Brexit”
Hogan Lovells has called on real estate giant Cushman & Wakefield to find the firm 350,000 sq ft of office space to consolidate its three City offices into one.
Continue reading “Consolidation in the City: Hogan Lovells mulls moving headquarters”
Ashurst‘s Singapore managing partner is the latest to quit the firm, in a day where Ashurst has seen partner exits to Jones Day, Allen & Overy, Paul Hastings and PwC Legal.
Continue reading “Ashurst Singapore head latest to go in day of exits for beleaguered firm”
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).
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 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.
Continue reading “Paul Hastings adds another City heavyweight as Ashurst is hit again”
The Legal Services Board’s (LSB) vision for the future of legal regulation reflects the build-up of years of frustration.
Longstanding senior partner Nick Thomas is to stand uncontested for a fifth five-year term as senior partner at insurance specialist Kennedys.
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.
Continue reading “Australian ambitions: HSF opens alternative legal services hub in Melbourne”
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.
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.
Continue reading “Slaughters latest to pilot AI technology in deal with Autonomy founder Mike Lynch”
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).
Continue reading “Clifford Chance and Davis Polk deliver $8bn Hong Kong IPO for Postal Savings Bank”
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.
Continue reading “Kirkland acquires litigation boutique to bolster US Supreme Court practice”
HP Inc, the largest successor company of Hewlett Packard, has launched a global law firm panel review.
Continue reading “Hewlett Packard successor firm launches first panel review”
Six High Court judges have been promoted to the Court of Appeal including well-regarded Commercial Court judge Mr Justice Flaux.
Continue reading “Six judges get bumped up to Court of Appeal”
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.
Continue reading “Eversheds starts talks on new management structure as leadership election looms”
RPC‘s insurance management consulting arm is pursuing significant expansion as it bids to hit a £50m turnover target within the next five years.
Continue reading “RPC Consulting targets £50m turnover in plans to challenge Big Four”
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.
Continue reading “Rise of the accountants: PwC’s legal arm posts 24% revenue jump to £59.9m”
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.
Continue reading “Herbert Smith Freehills sues client San Leon over £500k legal bill”
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.
