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.
Continue reading “Client profile: John Tribolati, JPMorgan Chase”
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.
Continue reading “Cravath and Kirkland ride pharma wave to win places on $5.8bn Abbott-Alere deal”
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.
Continue reading “London off the pace as Singapore arbitration centre opens in Shanghai”
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.
Continue reading “Cash levels drop at Hogan Lovells as PEP dips below £700,000”
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.
Continue reading “Clydes top-paid member took home 36% more in 2015, as firm’s profits rise”
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.
Continue reading “Simmons & Simmons to quit Abu Dhabi as firm consolidates in the Middle East”
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.
Continue reading “Access to Asia: RPC seals Singapore tie-up as it targets banking litigation”
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.
Continue reading “SFO fails to secure convictions of six City brokers in Libor case”
Guest post: Do companies have a duty to avoid taxes?
Here’s a transaction that did the rounds some years ago.
If I wanted some foreign exchange in the future I could enter into a contract with a bank by which it would sell me some. Assume that, in order to get a bank to promise to give me $2bn in twelve months, I had to promise to give it £1.5bn in twelve months.
Continue reading “Guest post: Do companies have a duty to avoid taxes?”
Growth mode: Kennedys bolts-on US law capability with local hires and forms fifth LatAm alliance
Kennedys has made two local partner hires in Miami in a move which will allow the firm to practice US law for the first time. US-qualified Neil Bayer and Dan Sanders will join Kennedys’ Miami office and will oversee the firm’s US advisory capability. The hires come as the firm aims to give ‘rise to new local growth opportunities and strengthen its London market capability’.
Freshfields top-paid member takes home £3.2m in 2015, 68% more than year before
Freshfields Bruckhaus Deringer‘s highest-paid LLP member took home 68% more last year, pocketing £3.2m at the end of the 2014/15 financial year, compared to £1.9m the previous year.
Continue reading “Freshfields top-paid member takes home £3.2m in 2015, 68% more than year before”
Legal aid u-turn: Gove scraps two-tier contract regime
More than two years after the government announced a wave of cuts to legal aid contracts, followed by continued calls by solicitors for their abolition, today (28 January) the Lord Chancellor Michael Gove (pictured) has made a surprise decision to scrap the radical two-tier contract regime.
Continue reading “Legal aid u-turn: Gove scraps two-tier contract regime”
King & Wood Mallesons opens Cambridge near-shoring office
King & Wood Mallesons (KWM) is to launch an office in Cambridge which will initially house a real estate team, as part of a cost-efficiency drive for clients.
Continue reading “King & Wood Mallesons opens Cambridge near-shoring office”
RBS plans ‘clean up’ and sets aside £2bn for PPI claims and US litigation
The Royal Bank of Scotland (RBS) has warned it will report its eighth successive full-year loss this year as it sets aside £2bn for past scandals including claims relating to mortgage-backed securities and payment protection insurance.
Continue reading “RBS plans ‘clean up’ and sets aside £2bn for PPI claims and US litigation”
‘Grave concerns’: Senior judges blast government over court fees
Three of the nation’s most senior civil judges appeared before the justice committee of the House of Commons yesterday and condemned government plans to raise court fees.
Continue reading “‘Grave concerns’: Senior judges blast government over court fees”