In some of the strongest growth figures to come out this year, private wealth specialist Withers has lifted its top line figure up 21% to £161.5m.
In-house: Standard Life adds to legal roster after Ignis acquisition
Standard Life Investments (SLI) has added two firms to its real estate panel, with Maples Teesdale and Shepherd & Wedderburn joining CMS Cameron McKenna, Herbert Smith Freehills and Addleshaw Goddard.
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Partner promotions: Withers ups the ante in latest round with seven made partner
Withers has increased the number of lawyers promoted to partner, adding seven in its latest promotion round, with just one partner made up in the City.
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Slaughters and Davis Polk face off as MasterCard buys UK payments firm
Slaughter and May rubbed shoulders with Davis Polk & Wardwell in the second major announced deal this week, this time opposite the Wall Street firm on the acquisition of British payments system company VocaLink by New York-based MasterCard.
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Merger watch: Olswang finds a suitor in CMS Cameron McKenna
CMS Cameron McKenna and Olswang could combine to create a £880m firm as it’s understood the LB100 firms have entered into merger talks.
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The accountants keep coming: EY launches in Belfast with Axiom appointment
Big Four accountant Ernst & Young (EY) has appointed Axiom’s Aaron Stewart as a director to head up the launch of a legal services arm in Belfast.
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BT kicks off panel review following Brexit delay
BT has kicked off a formal panel review for its UK legal advisers after a five month delay and will create a separate international panel for the first time later this year.
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Latham, Clifford Chance, Milbank and DLA win places on Swiss PE house’s first legal panel
Swiss private equity house Partners Group has picked Latham & Watkins, Clifford Chance, Milbank, Tweed, Hadley & McCloy, Ropes & Gray and DLA Piper for its first formal legal panel.
Cleary, Goodwin and Morgan Lewis win places on Pearson US deals panel
A quintet of international firms including Cleary Gottlieb Steen & Hamilton, Dorsey & Whitney, Goodwin Procter, Morgan Lewis & Bockius, and Sullivan & Cromwell have all won places on publishing giant Pearson’s US corporate M&A panel.
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AIM listing good for Gateley with revenues up 10.2% to £67.1m
AIM-listed law firm Gateley has posted a double digit increase in revenues for this financial year, with turnover up 10.2% from £60.9m to £67.1m.
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‘The next stage’: Reed Smith gets local law capability with Singapore alliance
Reed Smith has entered into a formal alliance with Singaporean firm Resource Law giving the firm the capability to practice Singapore law for the first time. Continue reading “‘The next stage’: Reed Smith gets local law capability with Singapore alliance”
KWM asks partners for up to £240,000 in cash call to double capital contributions
King & Wood Mallesons (KWM) has asked its European and Middle Eastern partners to pay in between £80,000 and £240,000 as part of a recapitalisation plan designed to shore up its strained finances.
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Kennedys latest to expand in Latin America with Brazil and Peru openings
Insurance specialist Kennedys has continued its foray into Latin America (LatAm), opening its first greenfield sites on the continent with offices in both Brazil and Peru. Continue reading “Kennedys latest to expand in Latin America with Brazil and Peru openings”
Whiteford becomes the latest to quit KWM after sealing move to Covington
Competition litigator Elaine Whiteford has become the second London partner to quit King & Wood Mallesons‘ European practice for Covington & Burling in the past week.
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Comment: Global 100 – It’s hard going all over
The headline numbers from this year’s Global 100 report do not make upbeat reading, even before the Brexit effect and resulting vote began to chill the market in Europe.
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Slaughters, Freshfields and MoFo chip in on £24.3bn ARM takeover
Slaughter and May, Freshfields Bruckhaus Deringer, Davis Polk & Wardwell and Morrison & Foerster have scored roles on Japanese telecoms group SoftBank’s £24.3bn deal to acquire UK tech flagbearer ARM Holdings. It is the largest public M&A deal in the UK in 2016 so far.
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Blame on Brexit: Nabarro acts as Lowcosttravelgroup goes bust
Nabarro is advising on the administration of Lowcosttravelgroup as the travel agency business left thousands of holiday makers at risk of losing their summer getaways.
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Making the point: Lord Faulks quits in protest over Truss appointment as Lord Chancellor
Conservative peer Lord Faulks QC has quit as Minister of State for Justice after Liz Truss became the third consecutive non-lawyer to be made Lord Chancellor. Continue reading “Making the point: Lord Faulks quits in protest over Truss appointment as Lord Chancellor”
Financials 2015/16: Disputes specialist Stewarts a standout performer with double digit revenue and PEP growth
Litigation powerhouse Stewarts Law has posted a second consecutive year of double digit revenue growth for the 2015/16 financial year, with revenue increasing 18.5% to £62.1m while profit per equity partner rose by 25% to £1.6m.
Revolving doors: US appointments from Ashurst and Bakers while DWF and Brodies bulk up in the UK
Brexit hasn’t put a brake on the lateral market in a busy week for hires which has seen both Ashurst and Baker & McKenzie make key appointments in the US, while DWF and Brodies have focused on the UK.