Linklaters has complained to MPs over questioning during the BHS inquiry hearings and comments made by Labour’s Frank Field over the law firm’s role in the sale of BHS by Arcadia Group.
Starting a war: Cravath lifts associate pay for the first time in almost ten years
In a move likely to trigger similar increases amongst its rivals, Cravath, Swaine & Moore has lifted associate pay for the first time in almost ten years, bumping up base pay to $180,000.
Spain: A changing legal landscape
Garrigues’ Fernando Vives on the after-effects of the crisis.
Let’s take, as a starting premise, that the Spanish economy’s situation remains challenging: despite the European Commission forecasts, a shining 2.6% and 2.7% GDP growth in 2016 and 2017, Spain has yet to deal with an unemployment rate of around 20%. Clearly, we still have room to improve.
Banking on change: bonuses still centre stage
Tapestry’s Janet Cooper on regulatory developments affecting pay in financial services.
Since 2009, regulators around the world have been issuing regulations and guidance on how and what employees in financial services firms should be paid. For lawyers working in the area, staying on top of the changes is challenging; making sense of them and applying them in a global context is complex.
Continue reading “Banking on change: bonuses still centre stage”
The importance of getting early advice
Kate McMahon of Edmonds, Marshall, McMahon on EMM’s unique offering to victims.
Edmonds, Marshall, McMahon (EMM) was set up in 2012 as a boutique firm specialising solely in private prosecutions, the first and only specialist private prosecution firm in the country. The three founding partners are all experienced prosecutors, with Tamlyn Edmonds previously heading up the prosecution team for the Department of Health, Kate McMahon prosecuting for the bribery and corruption team at the Serious Fraud Office (SFO), and Andrew Marshall being a Grade 4 Advocate for the Crown Prosecution Service (CPS) and Standing Counsel for the Attorney General’s list of prosecuting counsel.
Energy boost: Norton Rose and A&O power £10bn Welsh nuclear joint venture
Norton Rose Fulbright and Allen & Overy (A&O) have advised as Horizon Nuclear Power has announced its joint venture for a £10bn nuclear power plant in Wales.
Continue reading “Energy boost: Norton Rose and A&O power £10bn Welsh nuclear joint venture”
News in brief – June 2016
ADDLESHAWS IN MERGER TALKS WITH US FIRM
Addleshaw Goddard has turned to the US for a potential merger, having entered into talks with Virginia-based Hunton & Williams. The US firm had revenues of $528m in 2015, while Addleshaws made £193m in 2014/15.
Deal watch: Corporate activity in May 2016
SULLIVANS AND WACHTELL ADVISE ON $62m BAYER DEAL
Sullivan & Cromwell, Allen & Overy (A&O), and Wachtell, Lipton, Rosen & Katz all won roles as healthcare and agriculture company Bayer placed a bid to acquire agricultural company Monsanto for $62bn in May. Sullivans and A&O are acting for Bayer on M&A and financing matters respectively, while Wachtell has taken the lead for US firm Monsanto.
Continue reading “Deal watch: Corporate activity in May 2016”
Eversheds, Hogan Lovells and Bakers secure spots on defence multinational’s first panel
Eversheds, Hogan Lovells and Baker & McKenzie are among nine firms to have won places on French multinational aerospace, defence and security firm Safran’s inaugural global legal panel.
The Legal Business 100 debate: No quarter asked
As a resurgent mid-tier asserts itself in the UK legal market, our LB100 debate brings together City players to talk tactics, threats and sharpening your focus.
If the talking point of the UK legal market in recent years has been the sparkling performance of the City mid-tier, success is not leading to complacency. Bringing together a group of leading law firms to pick up themes from our recent annual Legal Business 100 report, it was clear that discipline, focus and a pronounced streak of insecurity means that the group are determined not to surrender the hard-won success they have achieved in the last five years.
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Lloyds offers bonus for help filling senior legal roles amid management shake-up
Lloyds Banking Group is pushing an incentive scheme to its lawyers to secure new recruits into senior legal roles following a string of exits. The move comes after the bank made multiple redundancies as part of an ongoing restructure.
Continue reading “Lloyds offers bonus for help filling senior legal roles amid management shake-up”
Tchenguiz dispute latest: court orders SFO to list documents in £3bn case
The Serious Fraud Office (SFO) has been ordered by London’s High Court to list documents it had inadvertently disclosed in the ongoing £3bn Tchenguiz dispute.
Continue reading “Tchenguiz dispute latest: court orders SFO to list documents in £3bn case”
Simmons builds out real estate practice with Goldman Sachs hire
Nearly a year after tapping Barclays for its corporate offering, Simmons & Simmons has hired from the in-house community once again with Goldman Sachs executive director and senior counsel, Deian Rhys. Continue reading “Simmons builds out real estate practice with Goldman Sachs hire”
Record revenues: Freeths and Birketts enjoy bumper growth in 2015/16
National law firm Freeths and Ipswich outfit Birketts are the latest LB 100 firms to report their financials, both enjoying record revenues for the year 2015/16.
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London head Rawlinson takes chair post at global giant Baker & McKenzie
Baker & McKenzie has appointed its first British chairman with London head Paul Rawlinson winning an election to replace current chair Eduardo Leite.
Continue reading “London head Rawlinson takes chair post at global giant Baker & McKenzie”
Revolving doors: DWF makes major corporate City hire as A&O and Stephenson Harwood make international appointments
DWF has appointed a new London head of corporate while Allen & Overy (A&O) and Stephenson Harwood have both made lateral hires to their international offices.
Odds against you: New figures show BAME applicants less likely to succeed as judges than white counterparts
The Official Statistics Bulletin published yesterday (2 June) by the Judicial Appointments commission (JAC) has revealed that black and minority ethnic lawyers (BAME) applying to become judges are far less likely to succeed than their white counterparts. Continue reading “Odds against you: New figures show BAME applicants less likely to succeed as judges than white counterparts”
Deutsche Bank exits continue as Hooper leaves for funds firm
Just days after news of the departure of Deutsche Bank’s global legal strategy head Emma Slatter, it has emerged that the bank’s head of active asset management James Hooper is also departing.
Continue reading “Deutsche Bank exits continue as Hooper leaves for funds firm”
‘Making a splash’: Ashurst hires RBS executive in syndicated loans push
In a bid to market itself more innovatively to clients, Ashurst has hired RBS head of EMEA loan markets Dave Rome to a newly-created position of strategic director of corporate lending.
Continue reading “‘Making a splash’: Ashurst hires RBS executive in syndicated loans push”
Shell to cut back on project lawyers as it finalises legal structure post-BG merger
Royal Dutch Shell has announced its target operating model after finalising its £35bn takeover of BG Group in February, and indicated it will reduce the amount of project lawyers it has due to a drop-off in demand.