Slater and Gordon (S&G) is to restructure its UK operation after posting an A$958m (£493m) loss for the six months ending 31 December 2015, primarily due to a hefty writedown of its UK business.
Continue reading “Slater and Gordon launches restructuring plan as six month loss nears £500m”
A New York state judge has dismissed charges of grand larceny against two former Dewey & LeBoeuf executives, leaving only three minor charges to go to trial this September.
In the midst of volatile oil and gas markets, energy-focused firm Vinson & Elkins (V&E) has become the latest firm to close down its Abu Dhabi office.
Continue reading “Middle East consolidation continues: V&E latest to pull out of Abu Dhabi”
Kirkland & Ellis has lost capital markets partner Andrew Hagan to Freshfields Bruckhaus Deringer, within days of the firm losing a six-partner team to Sidley Austin.
The Solicitors Regulation Authority (SRA), which is already keeping some firms busy with work as it bids for independence from the Law Society, has launched a review of its litigation panel amid a wider review of its own legal function.
Following a flat 2014, revenue at DLA Piper rose by 2.5% last year as the firm broke the $2.5bn barrier for the first time.
Lloyds Banking Group has appointed a specialist sub-panel for commercial mortgage-backed securities (CMBS) work ahead of its global panel review this summer, with US and Magic Circle firms among those taking places.
Three Magic Circle firms won positions to advise on the sale of London City Airport to a Canadian-led consortium of investors in a deal worth £2bn.
A privately educated elite continues to dominate the legal profession, as new Sutton Trust figures show 78% of barristers have Oxbridge qualifications, while the figure is 74% for the judiciary and 55% of solicitors. Continue reading “Half of solicitors are Oxbridge educated, along with 74% of judges, new data reveals”
Lawyers at barristers’ set 8 New Square and LB 100 firms Slaughter and May, CMS Cameron McKenna and Wedlake Bell are among those in a newly-formed pro-Brexit lobby for lawyers.
Continue reading “City lawyers form pro-Brexit coalition led by 8 New Square Queen’s Counsel”
With the UK banking reporting season in full swing, Lloyds Banking Group, Standard Chartered and HSBC have all upped their provisions for settlements and legal claims.
New York elite firms Weil, Gotshal & Manges and Davis Polk & Wardwell struggled to achieve meaningful growth last year, with Weil’s haul of $1.16bn in 2015 still behind what the firm generated in 2011.
Allen & Overy (A&O) has announced the final addition to its management team, appointing corporate co-head Andrew Ballheimer (pictured) as its next global managing partner.
Continue reading “A&O leadership complete: Ballheimer elected managing partner until 2020”
After setting the pace during last year’s global reporting season, raising revenue by 14% to $2.61bn to become the largest law firm in the world by turnover, growth at Latham & Watkins slowed in 2015 as the collapse in capital markets activity hits elite US firms.
Continue reading “Latham’s global march slowed as capital markets slump hits US elite”
Spirits maker Pernod Ricard has appointed a mix of firms, including a handful of Scottish indies, to its refreshed UK panel.
Continue reading “Scots firms in the mix as Pernod Ricard refreshes UK legal panel”
In the largest New Law merger to date, the UK’s biggest freelance lawyer service Lawyers On Demand (LOD) has sealed a deal with Australia’s AdventBalance to create a £25m business.
Nearly 16 years since talks first began, the London Stock Exchange (LSE) and German rival Deutsche Börse are engaged in merger discussions again, and Magic Circle duo Freshfields Bruckhaus Deringer and Linklaters have won roles advising on the potential combination.
After making significant investment into its European private equity practice to transform it into one of the region’s biggest private equity players, US firm Latham & Watkins has set its sights on Asia with a triple hire and two relocations.
As we await David Cameron’s sovereignty plan this week, it might help to explain what we mean by ‘Parliamentary sovereignty’.
Accountancy giant KPMG has triumphed at London’s High Court today (24 February) after an unprecedented judicial review taken by Holmcroft Properties was dismissed.
Continue reading “KPMG defeats judicial review challenge in Barclays swap case”
