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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A unified approach: LSB proposes scrapping the SRA in favour of one all-powerful legal regulator
The Legal Services Board (LSB) has proposed an overhaul of legal services regulation that it hopes will bring about its own demise, along with that of several other regulators.
Freshfields lands Eversheds head of international arbitration in rare City lateral
Freshfields Bruckhaus Deringer has landed Will Thomas (pictured), Eversheds’ head of international arbitration, in a rare lateral hire in the Magic Circle firm’s City heartlands.
Quinn Emanuel in talks to take on Shearman’s Brussels partnership
Disputes leader Quinn Emanuel Urquhart & Sullivan is in talks to hire a team from Shearman & Sterling’s Brussels arm, including office head Stephen Mavroghenis and competition partner Trevor Soames.
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Brexit: a pragmatic position for the worried managing partner
Theresa May’s claim from the distant history of July that ‘Brexit means Brexit’ has already become famous for answering nothing about the uncertainties facing the UK other than the government proposes to ultimately leave the EU.
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The new risk front for GCs – nearly half of contracts have human rights clauses, LB research finds
When John Ruggie began his mandate as chief architect of the UN Global Compact in 2000, fewer than 100 of around 80,000 multinational corporations in the world were known to have policies in place to mitigate against human rights abuses.
Getting closer: Eversheds to move to same building as Harry Elias as Singapore merger talks continue
Eversheds will move into the same building as Singapore merger suitor Harry Elias Partnership this winter as merger talks continue between the two firms.
The IT crowd: Travers, Kirkland and Freshfields line up as Micro Focus seals $8.8bn HP deal
Travers Smith and Kirkland & Ellis have teamed up to advise UK tech firm Micro Focus on its $8.8bn deal for Hewlett-Packard’s software business.
Linklaters City corporate head Stuart Bedford quits to join LeapFrog Investments
Stuart Bedford, former City corporate head at Linklaters, is set to join emerging markets private equity house LeapFrog Investments as general counsel.
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Comment: Looking forward to Ashurst’s decline – The outlook worsens for a proud City institution
You cannot change the past. Move forward. Be constructive. Focus on making things better. Pick your cliché. And, like most clichés, they are built on the basis of common sense… and can still sometimes be beside the point.
The LB100 – A thousand lawyer millionaires and the at-a-glance picture on partner earnings
It is a well-established point in the legal industry that while much attention is paid to profits per equity partner (PEP), that metric is often substantially different to what most partners are paid.
Cleary taps A&O for Frankfurt M&A hire as US law firms sustain Euro push
Top 25 Global law firm Cleary Gottlieb Steen & Hamilton has bolstered its ranks in Frankfurt with the hire of corporate partner Michael Ulmer from Allen & Overy (A&O), the second German partner to quit the City firm this week.
Ulmer had joined A&O as a partner in 2006 from elite German independent Hengeler Mueller. His client portfolio includes leading German corporates, Mittelstand companies, and domestic and international financial and strategic investors.
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