In a big week for international hires Holman Fenwick Willan (HFW), Berwin Leighton Paisner, Bird & Bird and Mayer Brown all added to their benches.
A comeback year for Baker & McKenzie as firm posts 8% turnover growth
In results that see the firm leapfrog DLA Piper, to make it the second largest law firm in the world by turnover, Baker & McKenzie has bounced back from falling revenues in 2014/15 to post an 8% increase in revenue to $2.62bn for 2015/16.
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Big Apple takes a bite out of partner profits as Allen & Overy breaks lockstep for US hires
Allen & Overy (A&O) has broken its lockstep for its new Manhattan hires as the firm made a major finance play to compete with the US elite earlier this month. Continue reading “Big Apple takes a bite out of partner profits as Allen & Overy breaks lockstep for US hires”
In-house: African Development Bank appoints new GC in senior management shuffle
The African Development Bank has appointed Hélène N’Garnim-Ganga as its general counsel as she joins the bank’s senior management team.
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Five partners exit Irwin Mitchell as real estate team leaves for Dentons and Howard Kennedy
Irwin Mitchell has lost five partners from its London real estate practice, with a four-partner team defecting to Dentons and one joining Howard Kennedy. Continue reading “Five partners exit Irwin Mitchell as real estate team leaves for Dentons and Howard Kennedy”
‘There has been a hardening of the market’: Bond Dickinson turnover and PEP drops 3%
Following the trend of an altogether tougher year for the UK mid-market, national player Bond Dickinson has seen both its turnover and profit per equity partner (PEP) dip by 3% for the financial year 2015/16.
Ashurst halts profit distributions amid turbulent financial period
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).
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On the ball: Simmons scores largest broadcast deal in Japanese sports history
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.
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Casino investors move chips from White & Case to Quinn as they sue Mexico for $100m
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”
HSF appoints Freshfields’ co-head of power and utilities as it ramps up German push
Herbert Smith Freehills (HSF) has landed M&A partner Christoph Nawroth from Freshfields Bruckhaus Deringer in Dusseldorf.
Hogan Lovells in the driver’s seat for Uber as TfL challenged
Hogan Lovells is acting for Uber in its legal challenge to new car hire rules issued by Transport for London (TfL).
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Shearman and Shepherd to battle out $5.6bn Cairn Energy tax arbitration against India
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 severs yet another alliance firm as Indonesian arrangement ends
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).
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‘A real issue’: Lawyers risk fines in Treasury crackdown on tax evasion
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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