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.
Continue reading “AIM listing good for Gateley with revenues up 10.2% to £67.1m”
‘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.
Lloyds former head of legal Pithouse takes on deputy GC role at Visa
The former head of legal at Lloyds Banking Group, Prini Pithouse, has taken the deputy general counsel (GC) role at Visa Europe, following a year serving as the payments business’ executive director of commercial law. Continue reading “Lloyds former head of legal Pithouse takes on deputy GC role at Visa”
Guest post: The new justice secretary – does it matter that she’s not a lawyer?
So, as anticipated, our new prime minister has favoured punishing disloyalty over rewarding competence and sent Michael Gove and his ambitious, compassionate prison reforms to the naughty back benches. Yesterday morning (July 14) brought a transfer-deadline-day-style frenzy to Legal Twitter, anticipation and trepidation converging as rumours and supposition threw up name after name as possible new secretary of state for justice and Lord Chancellor.
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Here we go again: Law Society to splash £61m on new IT systems after joint project fails
The Law Society, which has overseen several IT failures in the last decade, has agreed to spend £61m on new technology systems.
‘An important step’: K&L Gates launches in Munich through King & Wood hires
K&L Gates has opened its third German office by launching in Munich, with a three-lawyer hire from King & Wood Mallesons (KWM).
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‘Please explain’: Linklaters writes to Olswang to question BHS fees
Arcadia Group adviser Linklaters has questioned Olswang on whether its client Retail Acquisitions Limited (RAL) broke its contract and breached covenants to pay the firm’s fees for the sale of BHS.
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Differing fortunes: Ince revenue takes another tumble down 4% to £76.2m, as Mills & Reeve sees 7% bump
Shipping and insurance specialist Ince & Co has had another disappointing year financially, with revenue down 4% from £79.4m to £76.2m. This follows on from an 8% drop in turnover last year from £86.7m, which was the worst income drop of all the UK’s top 100 law firms in 2014/15.
Simmons takes leading arbitration lawyer Dutson from Eversheds
Simmons & Simmons has hired Eversheds‘ star arbitration partner Stuart Dutson in a bid to strengthen its Africa practice.
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‘Robust position’: Shepherd and Wedderburn enjoys third year of growth with revenue up 10%
Scottish independent Shepherd and Wedderburn has enjoyed a third year of consecutive growth with revenues up 10% to £53m. Similarly profits have increased by 20% to £21.5m.
Bowing to pressure: DAC Beachcroft amends contract terms with preferred barristers
After pressure from lobby groups at the commercial Bar, DAC Beachcroft has amended its contractual arrangements with its preferred sets of chambers to reinstate a key contract clause that gives barristers insurance cover.