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.
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”
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 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”
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 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.
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”
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”
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.
Eversheds will move into the same building as Singapore merger suitor Harry Elias Partnership this winter as merger talks continue between the two firms.
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.
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”
