Following its US merger, international asset manager Columbia Threadneedle has carried out a restructure of its UK legal team, scrapping the head of legal and head of compliance roles.
Continue reading “US focus: Columbia Threadneedle restructures legal division post-merger”
Rapidly expanding US firm White & Case is launching an office in Cairo, Egypt, as a wave of global law firm investment into Africa gathers pace. Continue reading “Expansive White & Case opens second African office with Egypt launch”
After much speculation, a raft of firms including Clifford Chance, Ashurst, Eversheds, Mayer Brown, Reed Smith, Simmons & Simmons, Hogan Lovells, Pinsent Masons, DWF and Bond Dickinson have won places on banking giant Barclays’ reduced legal roster, however DLA Piper has lost its spot following the global panel review.
Continue reading “Barclays panel: DLA Piper loses out as banking giant finalises global roster”
Forget about the online petition. We do not have government by petition, particularly not when we don’t know how many of the online signatories are even British, or are duplicates, or computerised bots or in some other way bogus. No matter how many signatures the petition garners it will not result in a re-run of the referendum, and nor should it.
Turnover at UK boutique Sacker & Partners rose 13% to £26.8m last year as big corporates sought to restructure their pensions schemes.
Latham & Watkins has bolstered its regulatory and disputes offering in the City with the hire of Ashurst’s head of financial services regulation Rob Moulton.
Baker & McKenzie has promoted six in the City in this year’s 85-strong global round, with a focus on building its disputes, tax and M&A offering.
Continue reading “Baker & McKenzie doubles City promotions, making up six in 85-strong global round”
In its second European closure this month, Ashurst is shutting the doors to its Rome office after five years, with its remaining lawyers relocating to Milan following a review of its Italian offering.
Continue reading “European retreat: Ashurst pulls out of Rome days after Sweden exit”
LB100 firms Watson Farley & Williams and RPC reported slower revenue growth for 2015/16 with Watson Farley growing revenues by 5% to £131.2m, while RPC’s turnover is up 6% to £100.5m.
The ‘in-out’ referendum on the question of the UK’s membership of the European Union (EU) which has dominated the political and business agenda in the UK for the last six months, has resulted in a majority of voters (on a turnout of approximately 72%) preferring the UK to leave the EU.
Continue reading “Guest post from Herbert Smith Freehills – Brexit: After the vote”
With most US law firms experiencing something of a slowdown in the London market following the instability around the referendum on the UK’s membership of the EU, and subsequent Leave victory, questions remain around whether investment will keep coming or be held back to focus on other markets.
In one of the biggest cases for the London Court of International Arbitration (LCIA) this year, Skadden, Arps, Slate, Meagher & Flom and Freshfields Bruckhaus Deringer have advised as Tokyo telco NTT Docomo pursued $1.2bn in damages from a Tata Group linked company for a breach of shareholder agreement.
In this week’s appointments around up, law firms including Skadden, Arps, Slate, Meagher & Flom, DWF and accountancy giant EY have all key appointments.
Maclay Murray & Spens, fresh from failed merger talks with Addleshaw Goddard, has had another disappointing year financially, with a 12% drop in profits per equity partner (PEP) from £283,000 to £248,000, while turnover is up 3% to £44.8m.
European integration was the bedrock for City law firms’ dramatic globalisation during the 1990s and 2000s but yesterday’s shock vote on the European Union referendum has sent shockwaves through the nation and the profession.
We’ll be bringing you reaction throughout the day, but this just in from Slaughter and May corporate heavyweight Nigel Boardman:
Continue reading “Boardman on Brexit: Not good news but the City’s edge won’t reverse in an instant”
With First Minister Nicola Sturgeon calling for a second Scottish referendum on UK independence amid Scottish voters overwhelmingly backing a vote to remain in the EU by 62% to 38%, law firm leaders in Scotland have urged for composure in a region which is likely to see a longer period of uncertainty than the rest of the country. Continue reading “Scottish Brexit reaction: Firm leaders urge calm in an even more uncertain environment”
City partners fear a shock referendum result which saw Britain vote to leave the European Union may see businesses relocate and make it harder to UK law firms to invest abroad. Meanwhile City litigators are confident London will maintain its status as a leading disputes hub.
This blog will be updated throughout the day.
Well, there you have it – a textbook example of why referendums, compared to parliamentary sovereignty, are a really bad idea.
Continue reading “LB’s Brexit take: City law’s globalisation playbook has just been shredded”
Linklaters managing partner Gideon Moore has warned that it’s not just the UK’s relationship with Europe that will change as a result of the Brexit vote, but Britain’s relationship with the rest of the world, as London’s leading position as a financial, legal and accountancy hub comes under threat from a vote to leave the EU.
