After a 13-strong partner promotions round last year, Simmons & Simmons has made up just seven lawyers in its latest promotions round. Continue reading “‘High performance culture’: promotions down by nearly half as Simmons makes up seven globally”
‘Positive and clear endorsement’: Slater and Gordon extends loan package with banks
Shares in Australia-listed Slater and Gordon (S&G) jumped yesterday (2 May) after the beleaguered law firm announced a deal with its lenders following a year battling with significant debts.
Less male, pale and private practice: Surging in-house and female lawyer ranks keep the profession expanding
The future of the profession looks increasingly female and focused away from the traditional domination of private practice according to the most comprehensive demographic picture of the profession.
Willkie hires Bain euro GC as Wall St player strives to establish itself in City buyout sector
Willkie Farr & Gallagher has made a prominent recruit to its London arm with the appointment of Bain Capital Credit’s European general counsel Mark Fine as a partner.
Partner promotions spread evenly as Ashurst reveals reduced round
In a significant drop in numbers from last year, Ashurst has added 12 to the partnership in its 2016 promotions round with just four women (33%) made up this time.
Continue reading “Partner promotions spread evenly as Ashurst reveals reduced round”
Cleary Gottlieb lands A&O FinReg head Bob Penn in rare City hire
In a rare partner exit from Allen & Overy (A&O), the firm’s head of non-contentious financial services regulation Bob Penn has quit to join Cleary Gottlieb Steen & Hamilton in London.
Continue reading “Cleary Gottlieb lands A&O FinReg head Bob Penn in rare City hire”
Linklaters calls off China merger hunt as partnership backs Shanghai spinoff
Linklaters‘ partnership has decided against pursuing a fully-fledged merger to secure credible China law coverage and voted through plans for a local spin-off set to launch later this year.
Three PRC lawyers in Linklaters’ Shanghai arm are set to create their own firm, which Linklaters will form a best friend agreement with. With talks having fallen through with Shanghai Capital Law & Partners and Shanghai Kai-Rong Law Firm at the end of last year to form a JV under new rules of the Shanghai Free Trade Zone, the new firm will enter into a ‘joint operations’ agreement once local regulators allow. Continue reading “Linklaters calls off China merger hunt as partnership backs Shanghai spinoff”
Linklaters and Olswang to face questions in Parliament over BHS controversy
Linklaters and Olswang have been called before a Parliamentary committee to answer questions over the sale and contentious administration of BHS.
Continue reading “Linklaters and Olswang to face questions in Parliament over BHS controversy”
Tough odds for City hopefuls as NRF and Camerons both make up only two London partners
Norton Rose Fulbright (NRF) has promoted just two City lawyers to partner in a 39-strong promotions round that focused heavily on its US offering while CMS Cameron McKenna saw 12 make it to partner.
DLA Piper doubles City promotions amid 48-strong round
London was home to eight of DLA Piper’s expanded partner promotions round, double the number made up last year as the Anglo-American law firm moves to expand in key legal hubs.
Continue reading “DLA Piper doubles City promotions amid 48-strong round”
Ince shipping rainmaker makes swift return from major client
Ince & Co has re-hired former partner and shipping heavyweight Faz Peermohamed to head its maritime practice from the Norwegian Hull Club, where he served as chief executive.
Continue reading “Ince shipping rainmaker makes swift return from major client”
Promotions 2016: Holman Fenwick goes global in nine-strong partner round as RPC makes up City trio
With promotions season in full swing, Holman Fenwick Willan (HFW) and City law firm RPC are the latest to announce their numbers, with HFW electing nine new partners to ‘drive international expansion’.
Fountain Court boosts finance bench with arrival of Outer Temple silk Lissack
Fountain Court Chambers has bolstered its bench of finance silks after attracting banking heavyweight Richard Lissack QC (pictured) from Outer Temple Chambers.
Set to join the elite commercial and chancery set on Tuesday (3 May), Lissack is one of London’s most established finance silks. Called to the Bar in 1978 and taking silk in 1994, Lissack’s practice covers a broad range of advocacy across finance, regulatory, white collar crime and professional negligence. Continue reading “Fountain Court boosts finance bench with arrival of Outer Temple silk Lissack”
‘It’s an inclusive approach’ – Linklaters head Gideon Moore on the new view from Silk Street
Gideon Moore replaced Simon Davies as global managing partner of Linklaters at the start of the year after an unsettled period for the City giant. The finance veteran talks to Legal Business about leadership, lockstep and diversity.
Promotions 2016: Eversheds makes up 26 partners as TLT names four in reduced round
Eversheds has promoted 26 partners globally, with four in the firm’s London office, while TLT has made up four partners across the UK in a reduced round.
Of Eversheds’ 26 promotions, 11 of were female and ten are in its international offices with new partners in Germany, Ireland, Italy, the Netherlands, Poland and United Arab Emirates.
Partner fined after failing to report ‘serious financial difficulties’ to regulator
A former partner of now defunct firm Tracey Barlow Furniss & Co has admitted he failed to report his firm’s ‘serious financial difficulties’ to the Solicitors Regulation Authority (SRA), accepting a rebuke and over £2,000 in fines.
Stephenson Harwood and Charles Russell Speechlys promote nine to partnership in bumper rounds
Both Stephenson Harwood and Charles Russell Speechlys have promoted nine partners, with the two firms almost doubling the number of promotions they made last year.
‘The worst is over’: S&P report predicts end for mega regulatory fines for banks
As the UK bank reporting season gets into full swing, a new study says the era of fines, compensation and other legal expenses on the banking industry could be drawing to a close. Continue reading “‘The worst is over’: S&P report predicts end for mega regulatory fines for banks”
HSF leaders plot China launch and US merger amid new strategy
‘Could we have a 1,000 lawyers in China? We could,’ Herbert Smith Freehills‘ (HSF) co-chief executive Mark Rigotti said. ‘But that would be accessing a different client base. A thousand lawyers would be overcooking it. I would like 100 lawyers as then you get cultural and client alignment between high quality local and cross border. Would 100 lawyers in China by 2025 be feasible? Yes.’
Continue reading “HSF leaders plot China launch and US merger amid new strategy”
White & Case hiring spree continues with appointment of Ashurst capital markets partner
As White & Case aims to build a 500-lawyer practice in the City by 2020, its recruitment spree has continued with the arrival of capital markets partner Jonathan Parry from Ashurst.