Clyde & Co has posted an impressive 13% increase in turnover, topping last year’s 9% revenue boost amid a year of slow growth for many LB100 firms.
Continue reading “Financials 2015/16: Clyde & Co posts double-digit revenue growth and record PEP”
Brexit challenged: Mishcon takes on article 50 action for mystery clients
Mishcon de Reya is preparing to launch a legal action over the triggering of article 50 and the process of Brexit, for a group of unnamed clients.
Continue reading “Brexit challenged: Mishcon takes on article 50 action for mystery clients”
Linklaters leadership shuffle: Senior partner candidate Comiskey made corporate head
Less than two months after missing out on the coveted senior partner role at Linklaters, Aedamar Comiskey has been made global head of the Magic Circle firm’s corporate division. Continue reading “Linklaters leadership shuffle: Senior partner candidate Comiskey made corporate head”
‘Questions remain’: Three former Barclays traders convicted in London Libor trial
The Serious Fraud Office (SFO) has secured a major win today (4 July) after three former Barclays traders were found guilty by a London jury of conspiring to fraudulently manipulate global benchmark interest rates.
Continue reading “‘Questions remain’: Three former Barclays traders convicted in London Libor trial”
Better together? – Those Anglo-Scots unions in focus
Legal Business looks under the bonnet to assess how the Scottish arms of Pinsent Masons and CMS have fared post-merger.
The ‘Better Together’ campaign, in favour of preserving Scotland’s union with the UK in 2014, maintained that Scotland was stronger as part of Great Britain, winning that particular argument by a margin of around 11%. But while the battle may have been won for now, a number of Scottish law firms are still wrestling with the decision of whether to tie-up with an English suitor – a fact most recently indicated by Maclay Murray & Spens’ aborted merger talks with Addleshaw Goddard in February.
Continue reading “Better together? – Those Anglo-Scots unions in focus”
Financials 2015/16: A more subdued performance from Pinsents with revenue up 5% and PEP growing 2%
Pinsent Masons has posted more subdued figures for this financial year, with revenue up 5% from £362.4m to £382.3m and profit per equity partner (PEP) rising 2% from £538,000 to £550,000.
Financials 2015/16: Scottish independent Brodies continues strong form with double-digit revenue and PEP growth
One of the big four remaining independent law firms in Scotland, Brodies has continued its strong form announcing revenue growth of 12% from £57.9m to £65.1m, while profits per equity partner (PEP) is up 13% from £532,000 to £602,000.
Revolving doors: Willkie and Hogan Lovells add to City offices while A&O continues Europe hiring
Law firms have attempted to blow away the Brexit blues with new partner hires. Willkie Farr & Gallagher and Hogan Lovells have added to their London offices, while in the Magic Circle Allen & Overy has expanded in Germany and Clifford Chance has boosted its Washington DC practice.
‘Key to success’: Grosvenor’s Schwarz-Runer takes on Boston Consulting Global GC job
The latest corporate to boost its in-house legal capabilities through a high-profile recruit is Boston Consulting Group (BCG) which has appointed Ulrike Schwarz-Runer from property development company Grosvenor as global general counsel.
Latham makes double real estate finance play with hires from GE Capital and Dechert
Latham & Watkins has boosted its real estate finance practice in the City, hiring Quentin Gwyer, who was executive counsel at GE Capital Real Estate. The appointment follows the hire of Jeremy Trinder from Dechert who started at the firm this week.
Parabis collapse update: Creditor dividend halved, latest report reveals
An administrators’ progress report for the now-defunct Parabis Group, published this week on Companies House, showed that unsecured creditors will receive only half of what was already a dismal return on their outstanding debts.
Continue reading “Parabis collapse update: Creditor dividend halved, latest report reveals”
HSF enters pay war with newly-qualified base salaries above Linklaters and Slaughters
Herbert Smith Freehills has significantly bumped up pay packets, awarding its associates with a base salary of £82,000, up £13,000 on last year’s £69,000.
Dealwatch: KWM leads for regular client TransDigm on $1bn US defence purchase
King & Wood Mallesons, Latham & Watkins (KWM) and Cleveland firm BakerHostetler have advised on the $1bn sale of defense company Data Device Corporation (DDC) to TransDigm Group.
Continue reading “Dealwatch: KWM leads for regular client TransDigm on $1bn US defence purchase”
Devereux Chambers barrister raises £10,000 in crowdfunder to challenge Brexit article notice
A high-profile barrister has launched a publicly-funded campaign with human rights firm Bindmans to consider a public law case on the result of the EU referendum.
Making it official: Taylor Wessing deepens Vietnam reach with local merger
Taylor Wessing has expanded its offering in Vietnam, by merging its Singapore outpost, RHTLaw Taylor Wessing, with its Vietnamese alliance firm PBC Partners.
Continue reading “Making it official: Taylor Wessing deepens Vietnam reach with local merger”
Strengthening Sweden: DLA Piper acquires 21 lawyer firm
DLA Piper has continued its Nordic expansion, confirming a merger with Swedish law firm Grönberg Advokatbyrå. Continue reading “Strengthening Sweden: DLA Piper acquires 21 lawyer firm”
Faith in London: Texas firm Haynes and Boone to open in the City with boutique merger
Texas headquartered law firm Haynes and Boone is to open its first European office, announcing a merger with London boutique Curtis Davis Garrard (CDG).
Gibson Dunn continues Germany push, launching in Frankfurt with double Latham hire
The renewed interest in Germany’s legal market continues apace with US firm Gibson, Dunn & Crutcher to launch in Frankfurt after hiring Latham & Watkins corporate partners Dirk Oberbracht and Wilhelm Reinhardt. Continue reading “Gibson Dunn continues Germany push, launching in Frankfurt with double Latham hire”
‘Sheer inadequacy’: Chakrabarti calls on Labour party to appoint GC in independent antisemitism review
Shami Chakrabarti, the former director of Liberty, and the author of Labour’s report into antisemitism, has called on the party to appoint a general counsel or other staff lawyer, as well as a legal panel.
Financials 2015/16: Nabarro latest to report slow growth with 3.5% revenue increase
Nabarro has increased turnover by 3.5% to £130.4m, joining other mid-market firms with muted results for 2015/16. Last year the firm posted an 8% revenue rise to £126m, its biggest rise in more than a decade.