Eversheds and Burness Paull have won places on Yum! Brands slimmed down legal panel, with Clyde & Co missing out on reappointment.
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Guest post: Automation – the end of low-qualified lawyers?
Deloitte’s 2016 report [Developing legal talent: Stepping into the future law firm] has garnered some attention for suggesting a ‘tipping point’ is coming to the legal profession as early as 2020. In truth, as interesting as the report is, it has not really produced new evidence to support the claim that, ‘[Legal services businesses] will need access to lawyers who have a broader skill set and are not just technically competent lawyers.’ This seems to be the guts of their case:
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BAT general counsel Belhomme steps down as cigarette giant instructs HSF on plain packaging challenge
As the cigarette giant prepares its latest challenge against plain packaging, British American Tobacco’s (BAT) high profile regional general counsel for western Europe, Benoit Belhomme (pictured) has retired.
Dewey latest: Partners off the hook for lease payments
In a ruling relieving hundreds of ex-Dewey partners of millions of dollars in liability, a New York state judge has ruled against a former landlord of Dewey & LeBoeuf, which took action over unpaid rent.
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Clifford Chance secures position on Serco panel as Ashurst and Linklaters miss out
Following a recent review, outsourcing company Serco has announced its UK legal panel with Clifford Chance, Clyde & Co, Pinsent Masons, Bird & Bird, Addleshaw Goddard and DWF all securing places.
Comment: Shifting the Overton window – Panama Papers will change the consensus on tax (and boost corporate law firms)
The leak of 11.5 million documents from Panama law firm Mossack Fonseca has reheated a debate about tax and transparency that in truth hasn’t much cooled since the banking crisis. And from a narrow legal industry perspective, it will pile additional pressure on the offshore community. Continue reading “Comment: Shifting the Overton window – Panama Papers will change the consensus on tax (and boost corporate law firms)”
Tough times predicted for mid-tier firms, says NatWest report
Law firms across the UK with revenues below £46m ‘should expect tougher conditions in 2016’ despite generating a 6% increase in average fee income last year, according to NatWest’s latest Legal Benchmarking Report.
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Boies Schiller posts first London revenue figures, raking in £7.6m
Boies, Schiller & Flexner has filed its first office revenues since launching in the City raking in £7.6m through to the end of October 2015.
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Pinsents partner grilled over appointment to human rights body
Two parliamentary committees have written to express outrage as a Pinsent Masons partner has been nominated to chair Britain’s leading equality and human rights body.
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KWM and Simmons clock poor retention rates as Eversheds hits 100%
The rough and tumble of trainee retention season offers contrasting images to future lawyers as Eversheds keeps on all eight trainees while Simmons & Simmons becomes the latest firm accused of tampering with its figures.
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A title fit for the modern GC – The In-House Lawyer has been completely re-imagined
With the recent relaunch of Legal Business‘ sister title The In-House Lawyer, we are unveiling a total overhaul of the magazine first launched over 20 years ago. The title, the first dedicated to the UK’s expanding community of corporate counsel, has long been an important part of the stable of our parent company Legalease, which is committed to expanding its links with general counsel.
After 25 years, Cravath loses top deal lawyer Barshay to Paul Weiss
A firm rarely to lose its senior talent, Wall Street firm Cravath, Swaine & Moore‘s corporate partner Scott Barshay is leaving the prestigious firm to join disputes leader Paul, Weiss, Rifkind, Wharton & Garrison as its global head of M&A.
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Asia round-up: HFW enters association in Shanghai as Simmons hires former Dentons head for Singapore
Holman Fenwick Willan (HFW) and Simmons & Simmons have made moves to boost their presence in Asia, with HFW entering a formal association with Shanghai firm Wintell & Co, while Simmons expands its financial markets practice in Singapore, hiring Dentons’ former managing partner.
Guest post: The Panama Papers – why it’s very possible the behaviour is criminal
In the coming days you will hear a lot about the difference between tax avoidance and tax evasion.
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Goodwin Procter hires from KWM private equity team again for Paris office launch
Taking its second step to expand its private equity (PE) practice in Europe, Goodwin Procter has turned to King & Wood Mallesons (KWM) for the second time in 12 months with six partners, including KWM’s Paris head, to launch a PE practice.
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Simmons cited in Panama Papers leak after working with Mossack Fonseca
City law firm Simmons & Simmons has been named in the Panama Papers leak, after 11.5 million confidential documents were leaked from Panamanian law firm Mossack Fonseca.
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Partner promotions: Addleshaws makes up 15 including two in Dubai in reduced round
Addleshaw Goddard has promoted 15 to partner this year, three fewer than last year when it more than doubled its promotions with 18 making the ranks.
Partner promotions: Pinsents makes up two thirds in the City as Weightmans makes up three in Liverpool
Pinsent Masons has made up two thirds of its 18-strong partner promotions round in its City office, while Weightmans promoted three in Liverpool this year.
Revolving doors: A high profile return to chambers as Squire, Eversheds and A&O make key hires
The legal market has seen a high-profile return to chambers and a series of both national and international lateral appointments this week at firms such as Squire Patton Boggs, Allen & Overy (A&O) and Eversheds.
Old Mutual legal chief and company secretary to step down
London-listed investment group Old Mutual’s longstanding legal chief and company secretary, Martin Murray (pictured), is to retire in June, and is expected to be replaced by his deputy Colin Campbell.
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