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.
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.
Continue reading “Eleven advisers win places on Dixons Carphone’s first post-merger panel”
Ahead of the 2015 general election, Legal Business assessed the policy pledges of the main parties, including the prospects for an EU referendum.
Leading commercial set Brick Court Chambers has made a key hire with Wilberforce Chambers’ rising star Laura Newton.
Continue reading “Brick Court hires Wilberforce Chambers rising star Newton”
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.
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”
Ten prominent law firm leaders have signed a letter urging voters against voting for Brexit in the UK referendum on its EU membership tomorrow.
