Ashurst has halted its upcoming quarterly profit distribution to partners (PEP) following disappointing financial results which saw profits per equity partner drop by 19%. The payment was scheduled for this month (August).
Continue reading “Ashurst halts profit distributions amid turbulent financial period”
In $2bn deal, Simmons & Simmons has netted a lead role advising UK company Perform Group for the rights to broadcast the top tiers of Japanese football.
Continue reading “On the ball: Simmons scores largest broadcast deal in Japanese sports history”
A group of US investors have instructed disputes powerhouse Quinn Emanuel Urquhart & Sullivan to bring a $100m arbitration claim against Mexico after the government seized and closed all their casinos in 2014. Continue reading “Casino investors move chips from White & Case to Quinn as they sue Mexico for $100m”
Herbert Smith Freehills (HSF) has landed M&A partner Christoph Nawroth from Freshfields Bruckhaus Deringer in Dusseldorf.
Hogan Lovells is acting for Uber in its legal challenge to new car hire rules issued by Transport for London (TfL).
Continue reading “Hogan Lovells in the driver’s seat for Uber as TfL challenged”
Oil and gas exploration and development company Cairn Energy has picked lawyers from Shearman & Sterling and Shepherd and Wedderburn, as well as former India solicitor general Harish Salve, to bring a $5.6bn arbitration claim against India over a disputed tax assessment. Continue reading “Shearman and Shepherd to battle out $5.6bn Cairn Energy tax arbitration against India”
DLA Piper, which severed ties to its South African and Venezuelean alliance firms in the last 12 months, is to cut its links to Indonesian firm Ivan Almaida Baely & Firmansyah (IAB&F).
Continue reading “DLA Piper severs yet another alliance firm as Indonesian arrangement ends”
Lawyers could face harsher penalties for enabling tax avoidance schemes under new proposals from the Treasury.
Continue reading “‘A real issue’: Lawyers risk fines in Treasury crackdown on tax evasion”
Eversheds, DWF, Trowers & Hamlins and Manchester law firm Pannone Corporate have been appointed as advisers on the newly-formed West Midlands Combined Authority (WMCA) legal panel.
Continue reading “Eversheds and DWF appointed to West Midlands first regional legal panel”
White & Case increased its turnover in 2015 by 39% across its UK and Africa offices with figures jumping by £60m to £214.9m. The revenue leap follows a strong 2014 when the firm posted a 12% top line increase.
Continue reading “White & Case UK and Africa accounts show another bumper year for expansive firm”
Clyde & Co, Sullivan & Cromwell and Cahill Gordon & Reindel have won roles advising on Arch Capital Group’s bid to acquire American International Group’s (AIG) mortgage-guarantee unit for $3.4bn, in a deal which would create the largest private mortgage insurer in the world.
Travers Smith and Jones Day have taken on the leading roles in a £323m deal for Pinewood Group, which owns the iconic Pinewood studios.
Continue reading “Jones Day and Travers Smith star as James Bond’s Pinewood studios sold”
King & Wood Mallesons (KWM) has agreed to tightened security over borrowings from its prime lender Barclays Bank following a period of financial stress for the law firm.
Scottish stalwart Burness Paull has blamed Brexit for mixed financial results, announcing a 7% drop in profits per equity partner (PEP) from £480,000 to £449,000, while turnover is up a moderate 4% to £53.3m from £51.3m. Net profit was £22.6m, down 3% from £23.4m.
Continue reading “Brexit blamed: Burness Paull posts 7% drop in PEP and modest turnover growth”
The front door was spinning at Shoosmiths this week as it swooped for hires from three City firms, while Ashurst‘s exits continued, and Burford Capital and RPC Perform both recruited.
It has been a subdued year for the UK arm of recently-merged Gowling WLG, which has posted essentially flat revenue and profits for the financial year 2015/16.
Trowers & Hamlins is the latest firm to place a freeze on fee earners’ pay, citing the ‘economic uncertainty’ following Brexit.
Continue reading “Trowers & Hamlins latest to freeze pay as Brexit fallout continues”
DWF has posted mixed results this financial year, with global top-line revenue down 2% to £187.1m from £191m, while profit per equity partner (PEP) is up 2% to £331,000 from £325,000. This is a better performance than last year when the firm’s PEP dropped 16%.
Continue reading “DWF latest to post lacklustre financials as global revenue falls”
Fresh from finalising a major corporate reorganisation, Time Inc has also reshuffled leadership within its in-house legal team with the appointment of Lauren Ezrol Klein as general counsel.
Continue reading “In-house: Longstanding Time Inc lawyer made general counsel”
Ashurst‘s raft of investments are coming to light after managing partner Paul Jenkins flagged those costs as a reason the firm saw a 19% drop in profits per equity partner down to £603,000 from £747,000 for the financial year 2015/16.
Continue reading “Project Prism: Inside Ashurst’s integration plans”
