Elite New York firm Cleary Gottlieb Steen & Hamilton has elected Michael Gerstenzang as its next managing partner.
Continue reading “A change at the top: Cleary elects Michael Gerstenzang managing partner”
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.
Continue reading “Norton Rose secures another Canadian tie-up with Vancouver firm”
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.
Continue reading “Quinn Emanuel in talks to take on Shearman’s Brussels partnership”
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.
Continue reading “Brexit: a pragmatic position for the worried managing partner”
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.
Continue reading “Linklaters City corporate head Stuart Bedford quits to join LeapFrog Investments”
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.
Continue reading “Cleary taps A&O for Frankfurt M&A hire as US law firms sustain Euro push”
With one hand they give… Greenberg promotes Maher but the name goes in London
It was an unusual gesture when Greenberg Traurig put Paul Maher’s name in the title of its London practice, even for one of the City’s best known deal lawyers, but the Florida-bred giant has confirmed that it is dropping Maher from its City brand.
Continue reading “With one hand they give… Greenberg promotes Maher but the name goes in London”
A&O defeats Quinn as $575m Progas energy claim against Pakistan thrown out
Allen & Overy (A&O), Quinn Emanuel Urquhart & Sullivan and Withers have advised as a tribunal convened under the UN Commission on International Trade Law (UNCITRAL) threw out two parallel investment treaty claims worth about $575m against Pakistan made by Progas Energy.
Continue reading “A&O defeats Quinn as $575m Progas energy claim against Pakistan thrown out”
Doubling in Dublin: Expansive Kennedys moves Irish outpost to accommodate growth
Following a wave of expansion in Latin America, insurance specialist Kennedys is to more than double its office space in Dublin in a decision the firm says was made before the UK’s vote to leave the EU.
Continue reading “Doubling in Dublin: Expansive Kennedys moves Irish outpost to accommodate growth”
Comment: LB100 firms forced to make own luck as tough times continue
The headline isn’t great, but it’s not bad either. Judging our annual Legal Business 100 (LB100) results, the industry has done better than expected overall, at least compared to 2015, when the group barely achieved growth despite a relative rebound in the UK and global economy.
Continue reading “Comment: LB100 firms forced to make own luck as tough times continue”
‘Adapt or die’ – K&L’s outspoken chief Kalis to stand down after 20 years at the helm of US giant
He has been one of the longest-serving and most outspoken law firm leaders in the conservative US legal market but Peter Kalis, the veteran head of K&L Gates, has confirmed that he is to finally step down after two decades running the US law firm.
Tchenguiz brothers’ legal bill hits £5.1m in court battle against Grant Thornton
The drawn-out legal battle between property billionaires, Vincent and Robert Tchenguiz, and those they hold responsible for the Serious Fraud Office (SFO)’s botched investigation into their business dealings has proved a costly affair. It has emerged they have already paid out a collective £5.1m legal bill to date in their £3bn litigation against Grant Thornton and others, surpassing the SFO’s £4.5m settlement to the pair two years ago.
Continue reading “Tchenguiz brothers’ legal bill hits £5.1m in court battle against Grant Thornton”