DLA Piper International partners have approved an overhaul of its pay structure, introducing a points-based remuneration system and a larger bonus pot as it targets greater profitability, while bringing in a separate lockstep for new partners while they grow their practices.
McDermott and DLA Piper partners join Orrick for Houston launch
Having announced it will open a new office in Houston, 13 partners have joined US firm Orrick, Herrington & Sutcliffe, including McDermott Will & Emery‘s global head of energy Blake Winburne, and DLA Piper‘s co-chair of global and US patent litigation Claudia Frost.
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White & Case to hire Linklaters big-biller Kelly to lead Asia push
White & Case is set to hire Linklaters‘ big-billing Hong Kong partner Christopher Kelly as its Asia head of corporate as develops its practice in the region.
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Cutting out the middle man: Capital Law opens £50m litigation fund
Welsh firm Capital Law has launched a £50m commercial litigation funding service, marking the first time a UK law firm has established its own disputes funding pot.
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Revolving doors: Nabarro, Pinsents and Hogan Lovells make key hires
Several firms have made noteworthy strategic appointments in the past week, with Nabarro, Pinsent Masons and Hogan Lovells all adding to their benches.
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CMS Cameron McKenna elects Millar as new managing partner
The partnership at CMS Cameron McKenna has elected energy partner Stephen Millar (pictured) to succeed longstanding chief Duncan Weston.
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DLA Piper expands Nordic footprint with Finnish tie-up
DLA Piper has agreed a combination with 30-lawyer Finnish law firm Peltonen LMR as it expands its Nordic footprint.
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Quinn Emanuel hires Clydes litigator Friedman as it expands City-based Israel offering
Clyde & Co litigator Paul Friedman (pictured) has left the firm after more than 12 years to join US firm Quinn Emanuel Urquhart & Sullivan as its expands its Israel practice.
Seventh term for Drummond at the helm of Brodies as Scots indy continues its emphatic form
Brodies has re-elected both its chair Christine O’Neill (pictured) and managing partner Bill Drummond to another term in each role.
Client profile: John Tribolati, JPMorgan Chase
The investment bank’s EMEA GC on tackling the growth of global regulation and avoiding potholes along the way.
There’s a school of thought that says ‘never go back’ to a former lover or job. But having spent eight years at JPMorgan Chase & Co in the 1990s, a phone call from the investment bank’s ‘very persuasive’ general counsel (GC) Stacey Friedman in 2015 made John Tribolati’s decision to return to his old shop very easy. ‘It was an opportunity to have my own gig,’ he says.
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Cravath and Kirkland ride pharma wave to win places on $5.8bn Abbott-Alere deal
Already two of the big winners from the merger bonanza in the pharmaceuticals sector, Cravath, Swaine & Moore and Kirkland & Ellis have won mandates advising on the $5.8bn purchase of diagnostic testing company Alere by Abbott Laboratories.
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London off the pace as Singapore arbitration centre opens in Shanghai
With London in fierce competition with Singapore, Hong Kong and Paris to become the dominant international arbitration hub, it has fallen a step behind after the Singapore International Arbitration Centre (SIAC) launched in Shanghai.
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Cash levels drop at Hogan Lovells as PEP dips below £700,000
The international arm of Hogan Lovells, which covers all offices outside the Americas, suffered an 11% fall in profits per equity partner (PEP) in 2014/15 as revenue and profits suffered.
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Clydes top-paid member took home 36% more in 2015, as firm’s profits rise
Clyde & Co rewarded its highest paid member 36% more, dishing out £1.8m in the 2014/15 financial year. the firm’s LLP filings show.
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Quinn Emanuel and Simmons win for Blackstone fund and Barclays in first financial list decision
Quinn Emanuel Urquhart & Sullivan and Simmons & Simmons have beat Stephenson Harwood in the first judgment delivered on the financial list since the specialist court opened late last year.
Simmons & Simmons to quit Abu Dhabi as firm consolidates in the Middle East
Simmons & Simmons is the latest firm to shake up operations in the Middle East, closing its Abu Dhabi office in a move which affects five lawyers including three partners.
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A matter of influence: FCA to consult on policing in-house lawyers under Senior Managers Regime
The Financial Conduct Authority (FCA) has launched a consultation on whether in-house lawyers need to be policed under the watchdog’s Senior Managers Regime, in an attempt to clarify uncertainties regarding the overall responsibility of an in-house legal function under FCA rules.
Ashurst board to select next managing partner as Collis prepares to step down in May
Ashurst is on the look-out for the firm’s next managing partner as current head James Collis is to stand down after completing his term at the end of May 2016.
Access to Asia: RPC seals Singapore tie-up as it targets banking litigation
UK law firm RPC has agreed a tie-up with Singapore firm Premier Law as it seeks out claims against the major banks. The joint venture is to go live on 1 May this year.
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SFO fails to secure convictions of six City brokers in Libor case
Constituting a major blow to the Serious Fraud Office, a UK jury has acquitted six City brokers who were alleged to have helped manipulate the London interbank offered rate (Libor), just months after the high profile conviction of former banker Tom Hayes.
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