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’”
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 & 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”
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.
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”
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.
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.
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 (CC) has tapped Chadbourne & Parke for restructuring lawyer Douglas Deutsch, its second hire to the New York office this week.
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”
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”
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.
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”
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”
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”
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”
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”
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”
In what is arguably the most high-profile partner exit from Slaughter and May in recent history, Latham & Watkins has hired the Magic Circle firm’s former head of structured finance Sanjev Warna-kula-suriya in the City.
Continue reading “Latham strikes again: US firm takes Slaughters finance partner Warna-kula-suriya”
After his move from Berwin Leighton Paisner (BLP) to Dentons as the new head of UK corporate and co-chair of global M&A, David Collins (pictured) talks to Matthew Field about his new role, deal making and his past leadership bid.
