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.
Continue reading “Olswang turnover drops 11% after Berlin ‘decoupling’”
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.
Continue reading “Shearman and Goodwin Procter crunch into £300m Tyrrells deal”
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.
Continue reading “Simmons loses another patent heavyweight as A&O takes IP head”
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.
Brexit blues: Addleshaws and Gowling WLG freeze pay as a result of referendum vote
Both Addleshaw Goddard and Gowling WLG have frozen their August salary reviews until the autumn as a result of Britain’s vote to leave the EU.
Quinn makes City white-collar crime play with hire of former SFO prosecutor Amaee
Disputes powerhouse Quinn Emanuel Urquhart & Sullivan has launched a long-anticipated corporate crime practice in London through the hire of Covington & Burling partner and former Serious Fraud Office (SFO) prosecutor Robert Amaee.
Continue reading “Quinn makes City white-collar crime play with hire of former SFO prosecutor Amaee”
Clifford Chance latest Magic Circle firm to boost New York office with restructuring hire
Clifford Chance (CC) has tapped Chadbourne & Parke for restructuring lawyer Douglas Deutsch, its second hire to the New York office this week.
Freshfields makes real estate partner Johnson global finance head
Freshfields Bruckhaus Deringer has appointed real estate finance partner Simon Johnson as its new global head of finance following a ‘recalibration’ of its finance team.
Continue reading “Freshfields makes real estate partner Johnson global finance head”
SABMiller legal chief Davidson to stand down as mega beer merger finalises
Brewing giant SABMiller’s general counsel (GC) John Davidson will stand down in six months’ time following a post-acquisition review by new parent company, Anheuser-Busch InBev (AB InBev).
Continue reading “SABMiller legal chief Davidson to stand down as mega beer merger finalises”
In-house: Hogan Lovells, Clifford Chance and Linklaters pick up spots on new EU banking panel
Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks.
In the bank: Global 100 firms bill £14.5m on mega ARM acquisition
US and Magic Circle advisers on the mega acquisition of ARM holdings by Japanese group SoftBank will together rake in £14.5m in fees, the latest deal documents show.
Continue reading “In the bank: Global 100 firms bill £14.5m on mega ARM acquisition”
Olswang international telco head exits in set-back for LB100 firm
In its latest high-profile departure, Olswang‘s head of international telecommunications Purvi Parekh has exited the firm. Continue reading “Olswang international telco head exits in set-back for LB100 firm”
Regional player Shakespeare Martineau post-merger turnover drops to £71m
Shakespeare Martineau has revealed its first post-merger turnover figure of £71m, down 6% on the combined figure of £75.6m for legacy Shakespeares which stood at £49m and legacy SGH Martineau which was £26.6m for the financial year 2014/15. The firm’s profit per equity partner came in at £236,000.
Continue reading “Regional player Shakespeare Martineau post-merger turnover drops to £71m”
Plugging the leak: Ashurst approves lockstep overhaul to retain high performers
Amid a turbulent period of lawyer exits and poor financial performance, Ashurst partners have voted through fundamental changes to its remuneration system in a bid to retain star partners, including a stretching of the lockstep and allocating equity share to salaried partners.
Continue reading “Plugging the leak: Ashurst approves lockstep overhaul to retain high performers”
‘Gateway for Asia’: Osborne Clarke enters association with new Singapore firm
Osborne Clarke has expanded its south-east Asia presence through an association with a new Singaporean firm, OC Queen Street.The initial launch of the formal association will see a focus on clients in the digital and fintech sectors.
Continue reading “‘Gateway for Asia’: Osborne Clarke enters association with new Singapore firm”
Baker & McKenzie lifer Chadwick to take City reins as Rawlinson steps up to chair
With Paul Rawlinson vacating the London managing partner post at Baker & McKenzie in October after winning the race to become the next global chairman, partner Alex Chadwick is set to take charge of the firm’s largest office.
Continue reading “Baker & McKenzie lifer Chadwick to take City reins as Rawlinson steps up to chair”