After failing to secure further consolidation in the UK recently, Addleshaw Goddard has turned to the US for a potential merger partner to achieve its aim of becoming a £250m-lawyer firm, and is believed to be in talks with Virginia-based Hunton & Williams.
Continue reading “American dream: Addleshaws eyes US play with Hunton & Williams merger talks”
Total prosecutions for white collar crime were up by 1% across the last year according to figures from Ministry of Justice (MoJ), marking the first increase in five years. However, the body representing the most serious and complex investigations for such prosecutions, the Serious Fraud Office (SFO), has faced criticism over both its blockbuster funding model and its governance structure.
M&A heavyweight Charlie Jacobs has defeated competition from corporate colleagues Jean-Pierre Blumberg and Aedamar Comiskey to be elected the new senior partner at Magic Circle firm Linklaters.
Dentons and DAC Beachcroft announced lateral hires to their City offices last week, while K&L Gates and Clyde & Co have boosted their ranks overseas.
Despite predictions of tough conditions for mid-tier firms, West End firm Forsters has bucked the trend and announced its fee income grew by 11.3% in 2015/16 to £46.2m, constituting its sixth consecutive year of double-digit growth since 2011.
More than 18 months since combining in the City, the 21-partner team that left now defunct US law firm Bingham McCutchen for Akin Gump Strauss Hauer & Feld has moved in with its colleagues as the firm puts all its London lawyers under one roof.
In the second renewables project Linklaters has finalised this month, the Magic Circle firm has advised on the construction and financing of the offshore windfarm Beatrice located in the Outer Mary Firth, worth £2.6bn.
Continue reading “An appetite for renewables: Linklaters advises on £2.6bn Scottish wind farm”
Sullivan & Cromwell, Allen & Overy, and Wachtell, Lipton, Rosen & Katz all won roles, as healthcare and agriculture giant Bayer placed a bid to acquire agricultural company Monsanto for $62bn, in a deal which would create the world’s biggest agricultural supplier.
Linklaters, Freshfields Bruckhaus Deringer and Allen & Overy have all won advisory roles as US company General Atlantic has taken a majority stake in Argus Media. The deal, which values Argus Media at £1bn, will see the Nasmyth family exit the business they founded in the 1970s.
Continue reading “Media matters: Magic Circle firms take lead roles on £1bn Argus Media deal”
DLA Piper has appointed Webber Wentzel corporate partner Johannes Gouws as South Africa managing partner.
In keeping with the trend for UK firms to announce good financials early, Bristol-based LB100 firm TLT has revealed its turnover for 2015/16, improving on its strong financial performance of recent years to post a 15% increase in turnover to £71.6m. Continue reading “‘It’s about getting market share’: TLT continues strong run as turnover increases 15%”
Matthew Lohn, senior partner at Fieldfisher, has been accused of bias after carrying out advisory work for the British Horseracing Authority (BHA) while serving as chair of its independent disciplinary panel.
Norton Rose Fulbright (NRF) is to launch a global service centre in The Philippines in a move that will affect 170 operational roles, an estimated 5% of its global workforce.
Privacy and media lawyers have given their take after the Supreme Court ruled this morning (19 May) that an injunction banning the naming of a celebrity involved in a privacy case over an alleged extra-marital affair should remain in place. Continue reading “‘Privacy rights have developed massively today’: lawyers react as court rules on ‘PJS’ celebrity injunction”
Global insurance and reinsurance company XL Group has announced its appointment of Lloyd’s of London’s chief risk officer and general counsel, Sean McGovern, as its chief compliance officer, head of regulatory and government affairs.
Continue reading “XL Group appoints Lloyd’s GC McGovern into new compliance role”
With Norton Rose Fulbright (NRF) this morning (19 May) announcing an offshoring move expected to hit 170 jobs, Dentons has revealed its own plans to open a services centre in Poland.
Travers Smith has appointed six lawyers to its partnership in another sizeable promotion round for the City thoroughbred.
Shipping and insurance specialist Ince & Co has opened an office in Cologne with a team of four including two partners from CMS Hasche Sigle and German insurance practice Bach Langheid Dallmayr.
Barclays has restructured its legal team in preparation for ring-fencing reforms that will split the bank’s retail and investment arms.
Continue reading “Barclays restructures legal team in preparation for retail and investment split”
Addleshaw Goddard (AG) head of insurance Mark Pring is leaving the firm to join Reed Smith, less than two years after he replaced Richard Leedham as team head.
Continue reading “Reed Smith the beneficiary as Addleshaw loses second insurance head in two years”
