Clyde & Co has announced a record number of promotions, adding 16 new partners, half of whom are women.
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Guest post: How to write like a lawyer
Writing properly florid legal text takes years of practice. No-one enjoys reading it: not even the curmudgeon who has taken the trouble to write it. Construing a contract should not be a bodily pleasure but an act of ascetic sufferance, the reward for which comes in the hereafter*. Lawyers do this so you don’t have to.
Shell slashes global panel from 11 to six post-BG merger
Shell has slashed its global panel from 11 firms to just six, with Eversheds and Reed Smith newcomers to the panel. Clifford Chance, Allen & Overy, Baker & McKenzie and Norton Rose Fulbright have been reappointed.
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Comment: Why one-stop shopping isn’t doing what it was supposed to
Sometimes in business what you correctly forecast can prove as problematic as what you get wrong. Because even when you manage the considerable feat of identifying what will happen in the world you are left with problems of unintended consequences.
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Clifford Chance rebuilds competition team with plum hire from the CMA
Just one week after losing star competition partner Alastair Mordaunt to Magic Circle rival Freshfields Bruckhaus Deringer, Clifford Chance has hired the UK Competition and Markets Authority’s (CMA) director of mergers Nelson Jung as a City partner.
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KWM real estate duo land at Ashurst following restructure
With 24 partners on the market following King & Wood Mallesons‘ (KWM) decision to axe 15% of its European and Middle Eastern practice, Ashurst has picked up real estate partners Darren Rogers and Patrick Williams.
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New Treasury report claims lawyers will be worse off as result of Brexit
A new report issued by the Treasury has claimed lawyers and other professional services will be worse off if Britain leaves the European Union (EU) because of a reduction in access to the single market.
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Weightmans and DAC Beachcroft reappointed as North West local authorities finalise £10m panel
DAC Beachcroft, Hill Dickinson, Weightmans, and Geldards have been appointed as partners on the North West Legal Consortium’s £10m legal panel, positioning them to work closely with local authorities associated with over 40 councils in the North West of England.
‘The ideal platform’: Stevens & Bolton shows award-winning credentials with senior CC partner hire
Legal Business‘ National/Regional Firm of the Year, Stevens & Bolton, has underlined its ability to offer City levels of expertise with the hire of David Steinberg, joint leader of Clifford Chance (CC)’s insolvency and restructuring group in London.
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DAC takes advantage of market liberalisation to enter JV in Malaysia
DAC Beachcroft is the latest firm to take advantage of market liberalisation in Asia, applying for a joint venture (JV) licence with Malaysian association firm Gan Partnership.
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Linklaters ramps up City promotions as 24 make partner
Magic Circle firm Linklaters has made up 10 partners from its Silk Street headquarters amid a 24-strong round.
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Revolving doors: Pinsent Masons makes board appointments as BLP and Mayer Brown make City hires
In a busy week for City hires, Pinsent Masons, BLP and Mayer Brown have made key appointments, as DWF, Irwin Mitchell and Burness Paull all added to their benches around the regions.
Trainee retention: Pinsent Masons posts ‘disappointing’ 50% rate as Norton Rose, Ashurst release figures
In the latest run of trainee retention rate releases, Pinsent Masons has recorded a ‘disappointing’ rate of 50% of its spring qualifiers, with just five of its 10-strong cohort accepting offers within the firm. Elsewhere, Norton Rose Fulbirght has kept on 96% of its 23-strong cohort as Ashurst retained 79%.
Guest post: A new report into HMRC’s investigation of tax fraud by the wealthy
Overnight the Public Accounts Committee published a timely report on ‘Tackling Tax Fraud’. It’s fairly short and you can read it here.
Prospectively the greatest point of interest in the report is when it addresses the ‘perception that HMRC does not tackle tax fraud by the wealthy.’
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Q&A: RBS general counsel Collins on external advisers, technology and the stress of investigations
Set to take on the top legal role at Santander UK later this year, The Royal Bank of Scotland’s outgoing general counsel (GC) John Collins (pictured) talks to Sarah Downey about his career and the growing recognition of in-house lawyers.
Moving in-house: Pinsents Issacs seconded to Barclays litigation and investigations team
Pinsent Masons head of banking and finance litigation Michael Issacs, has been seconded to Barclays’ litigation and investigations team, led by Stephanie Pagni. The move comes as the bank is undergoing a panel view.
Comment: Picking up the New Law gauntlet – CC’s City head calls for a new approach to training the lawyers of the future
New entrants to the legal profession will be competing head on against Kim, the virtual assistant from Riverview Law, and Ross, IBM Watson’s ‘super-intelligent’ attorney, in delivering services to clients. Ross, unlike most of us, has the ability to research every resource of legal knowledge in seconds, and, even more impressive to the older ones among us, remember it.
Freshfields and Gibson Dunn lead on $1.4bn Canadian miner battle with Venezuela
Ranked as seasoned players on the most lucrative cases, Freshfields Bruckhaus Deringer and Gibson, Dunn & Crutcher have landed key instructions on a $1.38bn bilateral treaty arbitration taken against Venezuela by Canadian miner Crystallex International at the International Centre for Settlement of Investment Disputes (ICSID).
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City duo in four-strong group running to replace Leite at helm of global giant Baker & McKenzie
With Eduardo Leite set to step down as Baker & McKenzie‘s global chair at the end of October after six years at the helm, Latin America chair Claudia Prado, London managing partner Paul Rawlinson, EMEA chair Gary Senior and former Paris managing partner Eric Lasry have thrown their hats in the ring to take the top job at the firm.
Comment: The tiger that came to eat BLP’s culture for breakfast and other sorry tales
These are tough times for another house that Stanley Berwin built, with exhibit B being the acrimonious end of merger talks between Berwin Leighton Paisner (BLP) and Greenberg Traurig. While the practice fit between the two looked both convincing and distinctive, these were two firms with plenty of strong characters.