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 doubles City promotions, making up six in 85-strong global round
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.
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European retreat: Ashurst pulls out of Rome days after Sweden exit
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.
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Financials 2015/16: Subdued market sees Watson Farley and RPC post single digit revenue growth
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.
Guest post from Herbert Smith Freehills – Brexit: After the vote
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.
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Brexit fallout: US firms feel the pressure in London but A&O and Freshfields commit to New York pay increases
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.
Freshfields and Skadden face off as Japanese telco wins $1.2bn arbitration award from Tata Group
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:
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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.
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‘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.