The Royal Bank of Scotland (RBS) has instructed Simmons & Simmons to defend a £800m claim from former Sheffield lawyer turned property mogul Glenn Maud over alleged losses from Euribor rigging.
Continue reading “Simmons & Simmons picked to defend RBS against £800m rate-rigging claim”
DWF, Eversheds, Addleshaw Goddard and Clyde & Co have been awarded places on Tata Chemicals Europe’s first panel following a review led by the company’s general counsel Phil Davies, the legal and estates manager Sally Evans and a team from external adviser GC Hub.
Just a week after launching its first office in continental Europe in Brussels, DWF has acquired the four-partner German arm of commercial and tax outfit BridgehouseLaw to establish a footprint in Europe’s biggest market.
Lawyers are warning of substantial change following the European Union’s agreement last night to regulate data collection and punish companies that violate EU data protection laws with penalties of up to €1m or up to 4% of the global annual turnover of a company.
Let’s get this out of the way up front. The least expected new entrant to the Global 100, Gowling WLG, is going to have to work very hard to avoid being the classic 2 + 2 = 4 union when its tie-up goes live in January.
The UK’s first listed law firm Gateley has hit its revenue target by achieving a 10.9% rise to £29.6m, up from £26.7m in 2014, in audited half year results released today (15 December).
Continue reading “Hitting the target: Gateley posts 11% rise in revenue in first post-IPO results”
Allen & Overy (A&O) has confirmed eight candidates for its upcoming management elections which are to take place in February.
Continue reading “In the race: A&O announces candidates for upcoming management elections”
After announcing two major City finance hires last week, DLA Piper has hired Paul Reeskamp as a partner in the firm’s IP and technology group. Reeskamp joins the Amsterdam office from top tier Dutch IP outfit Klos Morel Vos & Reeskamp, where he was partner and head of patent litigation, and brings with him associate Marijn van der Wal.
Bristol-headquartered TLT has continued its strong growth into the first half of this financial year, posting double digit revenue growth of 14%, as Browne Jacobson has praised its London office for 7.5% revenue growth.
In a rare move, Debevoise & Plimpton has picked up Hong Kong based corporate partner William Chua from US elite firm Sullivan & Cromwell.
Following an original High Court costs ruling in April, Addleshaw Goddard has reached a settlement with the administrators of former client Boris Berezovsky’s estate, ending a dispute over £12.6m in fees.
Clyde & Co has posted an 8% rise in turnover totalling £192m for the first half of the 2015/16 financial year, improving on last year’s 5.3% increase over the same period to £178m.
National firm DAC Beachcroft has unveiled a 2% rise in 2015/16 half year revenues to £100.8m, while overall net debt fell by £4.7m (17%) year-on-year.
Preliminary Law Society figures estimate more than 250 firms will be hit by the 0.5% payroll tax to supplement apprenticeships announced in last month’s Autumn Statement, as full details of the levy are delayed.
Prudential investment arm M&G Real Estate has finalised its external legal panel with places going to Hogan Lovells, Wragge Lawrence Graham & Co (WLG), and CMS Cameron McKenna following a tender process.
Sidley Austin is the latest US firm to announce its partnership promotions, electing 24 new partners, but making up just one in London in a reduced partnership round.
Continue reading “US partner promotions: Sidley Austin makes up just one in London in reduced round”
Unless you have been too busy reconciling your cheque book stubs against your monthly paper bank statements, you may have heard that the financial technology (fintech) sector is white hot right now.
Magic Circle firm Slaughter and May has followed up steep rises in salary earlier this year with bumper bonuses as high-performing junior lawyers pocket over £15,000.
Continue reading “Christmas comes early for Slaughter and May associates with biggest bonuses yet”
The criminal courts charge is, or was, one of the less well thought-through criminal justice reforms of recent years. Since April this year, courts have had a duty under section 21A of the Prosecution of Offences Act 1985 to impose a fixed charge ‘in respect of relevant court costs’ on those convicted of offences.
Continue reading “Guest post: The strange, slow death of the criminal courts charge”
After nearly a decade in the role easyJet’s longstanding head of legal and compliance, Andrew Winterton, is leaving to join a start-up taxi app company.
Continue reading “Taking off: easyJet legal chief Winterton to depart for taxi app company”
