Weil, Gotshal & Manges has landed Herbert Smith Freehills‘ London head of private equity James MacArthur as the US firm looks to ramp up its infrastructure coverage in the City.
‘Too good to pass up on’: Former Addleshaw banking head Papworth joins gunnercooke
Richard Papworth, who served as head of banking and finance at Addleshaw Goddard until retiring last May, has joined corporate and commercial law ABS gunnercooke.
Clifford Chance, Allen & Overy, Clyde & Co and Taylor Wessing linked in latest Panama Papers leak
Clifford Chance, Allen & Overy, Clyde & Co and Taylor Wessing have all been named as firms linked to secret offshore entities in the latest leak of over 11.5m files as part of the Panama Papers investigation.
Promotions wrap: Gowling WLG makes up first round of partners as OC, Bond Dickinson and DAC release figures
In a busy week for partner promotions, recently-merged Gowling WLG has completed its first round, while Osborne Clarke (OC), Bond Dickinson and DAC Beachcroft also released their figures.
Pinsent Masons scraps leadership for life amid top-down management restructure
Pinsent Masons has made a series of changes to its management structure, including the introduction of fixed terms for those in leadership positions, the formation of an operations committee and the cession of decision-making control to the board.
Continue reading “Pinsent Masons scraps leadership for life amid top-down management restructure”
Comment: The bottom line is, well, the bottom line – numbers always settle the score
At a recent drinks evening with a leading City law firm, Legal Business heard a familiar refrain from a veteran corporate partner about how the team he leads is doing very well but has had its reputation – and that of the firm as a whole – dragged down by the sniping of ex-partners.
Hogan Lovells makes Asia arbitration play with BLP hire
Hogan Lovells continues to make a play for greater market share in Asia with the hire of Berwin Leighton Paisner‘s (BLP) head of international arbitration, Kent Phillips, to its Singapore office.
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‘We want to be the game changer’: Dentons launches free technology platform for referrals
Dentons has established a free-to-use law firm referral network, which uses a technology-focused platform which allows member law firms to ‘easily connect and track referrals.’ Continue reading “‘We want to be the game changer’: Dentons launches free technology platform for referrals”
Taylor Wessing takes former Latham technology co-chair in bid to build out TMC practice
Taylor Wessing has made a key lateral hire to its technology, media and communications (TMC) practice in London with Latham & Watkins‘ former global technology co-chair, Martin Cotterill.
Welcome to Tinder Law – LOD launches online matching service for clients wanting a legal hook-up
There are websites to match people with food, taxis and dates, but the sharing economy has entered a new sphere with LOD now launching an online marketplace to pair individual lawyers with clients.
Revolving doors: HSF, Pinsents and Bird & Bird make key international laterals while High Court judge returns to Bar
Last week saw a host of international law firm lateral hires, while judge Sir Jeremy Cooke has left the UK’s High Court to return to the commercial Bar.
Kirkland takes fourth Linklaters City partner in a year, appointing PE partner Holdsworth
Kirkland & Ellis has returned to Magic Circle firm Linklaters for one of its last remaining private equity heavyweights in the City, hiring David Holdsworth as the US firm rebuilds its London office.
GCs have arrived and all we have to welcome them are platitudes
Two books of note have just been published by veteran lawyers – The Inside Counsel Revolution: Resolving the Partner-Guardian Tension by former GE legal head Ben Heineman and The Future of the In-House Lawyer: The General Counsel Revolution, a collection of essays edited by Carillion’s Richard Tapp. The common ground is obvious in charting the wresting of power and resource over the last 25 years from law firm to corporate legal teams.
Continue reading “GCs have arrived and all we have to welcome them are platitudes”
The bottom line is, well, the bottom line – numbers always settle the score
At a recent drinks evening with a leading City law firm, Legal Business heard a familiar refrain from a veteran corporate partner about how the team he leads is doing very well but has had its reputation – and that of the firm as a whole – dragged down by the sniping of ex-partners. Several weeks previously at a dinner, another major firm had run through its strategy and performance, making a great play of the claim that, though the firm had clearly suffered a few reverses since the banking crisis, it was performing ahead of peers.
Continue reading “The bottom line is, well, the bottom line – numbers always settle the score”
As the Bar elite thrives, New Law wobbles – scratch some more predictions
It is a recurring theme in Legal Business commentary that the received wisdom and forecasting for the profession do not age like fine wine and 2016 is proof once more that no one knows anything. Take the Bar, which has supposedly been in the last-chance saloon for a generation and yet in the commercial sector keeps thriving.
Continue reading “As the Bar elite thrives, New Law wobbles – scratch some more predictions”
It’s a risky world out there… and a big chance for a new kind of lawyer
Ashurst’s Ben Tidswell argues a volatile, globalising risk landscape is a call to arms for the modern law firm
One of the many lasting consequences of the downturn has been a prolonged expansion of the globalised compliance framework. Increased oversight of financial markets has been at the forefront of this development, as reflected by the passage of the US Dodd-Frank Act in 2010 and a succession of EU directives. This trend has also witnessed a heightened focus on white-collar crime, targeting areas such as fraud, corruption, tax evasion, terrorism financing and money laundering. Existing laws, such as Canada’s Corruption of Foreign Public Officials Act, have been strengthened, and new legislation, such as the UK Bribery Act, has been introduced.
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We wanted diversity, we got box-ticking – real change on diversity needs leadership in law
Fieldfisher’s Michael Chissick says progress on gay inclusion masks a wider diversity failure in law
‘Did you see the game at the weekend?’ is the type of question I am often asked at events. I know my answer, ‘no, I don’t really follow sport’ – will kill the conversation dead, and I don’t have the skills or required knowledge to blag my way through the small talk of the weekend’s fixture list.
The last word – Charlie says
In response to an opinion piece from Gibson Dunn’s Charlie Geffen in our last issue, we ask management if firms must decide whether they are advisory or legal process driven
US PITCH
‘Geffen is right, but I wonder if he would have said it if he’d been at his old firm [Ashurst] as it’s a pitch for US firms in London. Clients are increasingly separating what is strategic and what is process-driven. I don’t agree that the UK firms aren’t capable of giving both, and no client out there will go to law firm A for their strategic work then take it off them and give law firm B the process work. Clients are looking to us to ensure the process end is done efficiently.’
Colin Passmore, senior partner, Simmons & Simmons
Nokia appoints first global legal panel
Shearman, Reed Smith, Dentons and Eversheds among firms to win places
Shearman & Sterling, Reed Smith, Dentons and Eversheds are among the firms appointed to Nokia’s newly-created global legal panel.
Sidley secures TowerBrook work despite K&E charm offensive
Tussle continues over lucrative work after K&E raid
After a high-profile tussle and one of the biggest team hires in the City, Sidley Austin has secured the corporate work of key Kirkland & Ellis client TowerBrook Capital Partners, amid claims that Sidley pushed aggressively to secure the work.
Continue reading “Sidley secures TowerBrook work despite K&E charm offensive”