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.
Revolving doors: DWF makes Scottish insurance play as Skadden and EY make key hires
In this week’s appointments around up, law firms including Skadden, Arps, Slate, Meagher & Flom, DWF and accountancy giant EY have all key appointments.
Financials 2015/16: Maclays disappoints with double digit fall in PEP and low turnover growth
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.
The profession reels as shock Brexit vote sends UK crashing out of EU… and into years of uncertainty
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.
Boardman on Brexit: Not good news but the City’s edge won’t reverse in an instant
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”
Scottish Brexit reaction: Firm leaders urge calm in an even more uncertain environment
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”
Brexit live blog: ‘I went to bed confident and woke up shell shocked’ – City heavyweights react to unexpected decision
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.
LB’s Brexit take: City law’s globalisation playbook has just been shredded
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”
‘We’re not immune from how these changes will impact on our clients’: Linklaters leader Moore on Brexit vote
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.
Eleven advisers win places on Dixons Carphone’s first post-merger panel
Eleven advisers including Freshfields Bruckhaus Deringer, DLA Piper, Pinsent Masons and Addleshaw Goddard have won spots on the inaugural panel for the recently merged Dixons Carphone.
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Comment: A slightly updated view from 2015 – ‘Unless you hear trumpets, Brexit doesn’t stack up’
Ahead of the 2015 general election, Legal Business assessed the policy pledges of the main parties, including the prospects for an EU referendum.
Brick Court hires Wilberforce Chambers rising star Newton
Leading commercial set Brick Court Chambers has made a key hire with Wilberforce Chambers’ rising star Laura Newton.
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Linklaters the latest to match Cravath’s $180,000 associate pay in New York salary war
Linklaters has become the latest, and the last, of the Magic Circle firms in the US to match Cravath, Swaine & Moore’s $180,000 pay for first year associates in New York.
Jumping on the bandwagon: Ashurst and Axiom unite for new tech service aimed at banks
‘A local foothold’: Mayer Brown opens doors in Dubai
Mayer Brown has opened the doors to its Dubai Office, six months after appointing two Baker & McKenzie partners to lead the outpost.
Continue reading “‘A local foothold’: Mayer Brown opens doors in Dubai”
Law firm leaders line up alongside City’s biggest executives in last ditch attempt to prevent Brexit
Ten prominent law firm leaders have signed a letter urging voters against voting for Brexit in the UK referendum on its EU membership tomorrow.
The growth continues: Stephenson Harwood posts 9% bump in another record turnover year
Stephenson Harwood has posted another record financial year, with revenue up 9% on last year from £145m to £158m.
Guest post: The tax position of out campaign funders
If you click here you can see a link to the Electoral Commission list of donations to referendum participants arranged by size.
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Building momentum: Dentons boosts City corporate team again with Nabarro hire
The ever-growing Dentons has made its fifth London corporate hire in less than 12 months, bringing in partner Jonathan Cantor from Nabarro.
Continue reading “Building momentum: Dentons boosts City corporate team again with Nabarro hire”
Review recommended: Justice Committee latest to critique court fee hike
The House of Commons Justice Select Committee has come out against increases in court and tribunal fees in a report to the Ministry of Justice (MoJ), recommending last year’s increase in commercial court fees be reviewed.
Continue reading “Review recommended: Justice Committee latest to critique court fee hike”