An uplift of between £5-10m from a settlement relating to the long-running Berezovsky litigation helped bump Addleshaw Goddard over the £200m turnover mark in 2015/16, Legal Business can reveal.
Continue reading “Berezovsky settlement revealed as ‘fee uplift’ to Addleshaws revenues”
Legal advisers on the sale of BHS have been labelled an ‘expensive badge of legitimacy’ in the report investigating the retail giant’s demise.
Continue reading “‘Expensive badge of legitimacy’: Olswang in firing line of BHS report”
A handful of US elite firms including Skadden, Arps, Slate, Meagher & Flom and Wachtell, Lipton, Rosen & Katz have taken roles in the much speculated sale of Yahoo! to Verizon. Continue reading “US elite take roles as Verizon emerges as Yahoo! buyer in $4.8bn deal”
Forecourt operator Euro Garages has recruited Imraan Patel, the former head of legal at Orange, as its first group general counsel and company secretary.
Continue reading “Euro Garages taps Orange for first general counsel”
UK and US firms have been busy investing in Europe this week, with Baker & McKenzie, Mayer Brown and Bird & Bird all adding to offices in Berlin, Frankfurt and Brussels.
Top-50 UK firm Burges Salmon has maintained a sixth year of growth increasing turnover 8% to £87.4m in the past year, up from £80.8m in 2014/15.
Continue reading “All upstream for Burges Salmon as regional leader posts 8% turnover growth”
Lloyds Banking Group has made Tom Spender its new general counsel (GC) for its litigation, regulatory and competition group after his departure from the Financial Conduct Authority (FCA).
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.
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.
Continue reading “In-house: Standard Life adds to legal roster after Ignis acquisition”
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.
Continue reading “Partner promotions: Withers ups the ante in latest round with seven made partner”
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.
Continue reading “Slaughters and Davis Polk face off as MasterCard buys UK payments firm”
CMS Cameron McKenna and Olswang could combine to create a £880m firm as it’s understood the LB100 firms have entered into merger talks.
Continue reading “Merger watch: Olswang finds a suitor in CMS Cameron McKenna”
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.
Continue reading “The accountants keep coming: EY launches in Belfast with Axiom appointment”
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.
Continue reading “BT kicks off panel review following Brexit delay”
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.
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.
Continue reading “Cleary, Goodwin and Morgan Lewis win places on Pearson US deals panel”
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”
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”
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.
Continue reading “KWM asks partners for up to £240,000 in cash call to double capital contributions”
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”
