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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Embattled pharma giant Valeant picks new general counsel
Canadian drugmaker Valeant Pharmaceuticals has appointed Christina Ackermann as its new general counsel as it comes under scrutiny for its business and accounting practices. Continue reading “Embattled pharma giant Valeant picks new general counsel”
Q&A: Skadden disputes veteran Rory McAlpine on Hong Kong, Berezovsky and arbitration
Legal Business catches up with Skadden, Arps, Slate, Meagher & Flom disputes veteran Rory McAlpine (pictured) to discuss the Hong Kong legal market and the cases he has advised on throughout his career.
Olswang turnover drops 11% after Berlin ‘decoupling’
Olswang has seen a 11% drop in its turnover for the financial year 2015/16 with revenues tumbling by £14.2m to £112.5m, while firm’s profits per equity partner (PEP) remained steady at £490,000.
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No happy ending: Media lawyers wary of new arbitration scheme for newspapers
In the latest development post-Leveson, the Independent Press Standards Organisation (IPSO) has launched a year-long arbitration scheme for major national newspapers. Continue reading “No happy ending: Media lawyers wary of new arbitration scheme for newspapers”
Shearman and Goodwin Procter crunch into £300m Tyrrells deal
Shearman & Sterling and Goodwin Procter have taken the lead instruction on the sale of upmarket crisp and popcorn business, Tyrrells, to US snacks firm Amplify Snack Brands in a £300m deal.
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Revolving doors: Clydes, Paul Weiss and Halebury strengthen offerings with international hires
Last week saw a trio of firms bolster their international offerings through lateral hires, including Clyde & Co, US firm Paul, Weiss, Rifkind, Wharton & Garrison, and New Law provider Halebury.
Simmons loses another patent heavyweight as A&O takes IP head
Allen & Overy (A&O) has made its fifth major lateral hire this month, taking on Simmons & Simmons head of IP Marc Döring in a boost to its patent litigation offering.
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Real estate practice worst-hit as Simmons makes redundancies across its London office
Simmons & Simmons has laid off lawyers in London following the Brexit vote. While the firm has refused to comment on the number of redundancies, banking and real estate are two practices known to be affected.