Lawyers could face harsher penalties for enabling tax avoidance schemes under new proposals from the Treasury.
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Eversheds and DWF appointed to West Midlands first regional legal panel
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.
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White & Case UK and Africa accounts show another bumper year for expansive firm
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.
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Dealwatch: Clyde & Co and SullCrom win roles on Arch Capital’s £3.4bn bid for AIG unit
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.
Jones Day and Travers Smith star as James Bond’s Pinewood studios sold
Travers Smith and Jones Day have taken on the leading roles in a £323m deal for Pinewood Group, which owns the iconic Pinewood studios.
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‘It’s belt and braces stuff’: KWM silent as Barclays beefs up lending provisions following financial strain
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.
Brexit blamed: Burness Paull posts 7% drop in PEP and modest turnover growth
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.
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Revolving doors: Shoosmiths appoints five new partners as Burford and RPC make hires
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.
Financials 2015/16: A subdued year for Gowling WLG with turnover and PEP both flat
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 latest to freeze pay as Brexit fallout continues
Trowers & Hamlins is the latest firm to place a freeze on fee earners’ pay, citing the ‘economic uncertainty’ following Brexit.
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DWF latest to post lacklustre financials as global revenue falls
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%.
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In-house: Longstanding Time Inc lawyer made general counsel
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.
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Project Prism: Inside Ashurst’s integration plans
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.
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‘Very like-minded’: Kennedys picks up marine specialists in Waltons & Morse takeover
Kennedys is to boost its marine and shipping departments through a City merger with boutique firm Waltons & Morse.
Jones Day to examine role of BHS directors with new administrators
Jones Day is advising on the administration of BHS, joining Weil, Gotshal & Manges and DLA Piper in winding down the collapsed retailer.
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Heading down under: White & Case to launch in Australia
Expansive US firm White & Case is preparing to launch in Australia after putting together a war chest to take partners from rival firms.
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Freshfields and Eversheds make up bulk of applications as Irish admissions reach over 300
Freshfields Bruckhaus Deringer and Eversheds have made up the bulk of UK admissions to the Irish bar so far in 2016, as the number soared to over 300 after the Brexit vote.
Media musical chairs: Schillings takes celebrity threesome case from Carter-Ruck
Having successfully won a privacy battle at the Supreme Court in May, celebrity threesome couple PJS and YMA has dropped lawyers Carter-Ruck for fellow media boutique Schillings.
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All bets are off: Magic Circle duo and Norton Rose act as William Hill rejects takeover bid
Slaughter and May, Allen & Overy (A&O) and Norton Rose Fulbright have all taken key roles as William Hill has rejected a £3.6bn takeover bid from Rank Group and 888 Holdings.
In-house: Sage GC to retire following management changes
Accounting systems developer Sage has confirmed Vicki Bradin as its new general counsel (GC), amid a leadership shake-up.
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