Avoiding the prospect of a costly and public trial, Clifford Chance (CC) has settled a professional negligence claim against it over the high-profile Excalibur dispute brought by the case’s funders and Greek shipping tycoons, the Lemos family, for an undisclosed sum.
Continue reading “Weapons down: CC settles high profile Excalibur negligence case”
After spending most of 2015 launching new offices and forming international alliances, Kennedys has announced one merger and two formal alliances with three Scandinavian firms in a bid to boost its European presence.
Hogan Lovells and Mayer Brown have announced significant international recruitment today (9 December). Hogan Lovells has improved its disputes practice with the hire of Baker & McKenzie’s Hong Kong head of international arbitration James Kwan, while Mayer Brown has hired a three-lawyer team from Clifford Chance (CC) in Frankfurt to expand its M&A and restructuring practice.
Legal education reform. First principles. Root and branch. It was ever thus. Attending the Westminster Legal Policy Forum (WLPF) seminar this week, the legal education community was much exercised about the latest attempts to reform the framework for training lawyers.
In business as in life, if you want respect you have to start by expecting it and not putting up with its absence. Perhaps the ludicrous attempt to bully the commercial legal profession into taking on more pro bono with the threat of a levy on the UK’s largest law firms will make that point sink in.
Continue reading “Comment: The moment of truth arises – will the profession stand up to Gove?”
In a move that demonstrates consolidation is still very much on trend for national law firms, Irwin Mitchell’s continuation of its aggressive expansion policy by merging with the south-east based Thomas Eggar this month has garnered a mixed reaction from the market.
Continue reading “Market reaction: jury still out on Irwin Mitchell’s £40m takeover of Thomas Eggar”
US prosecutors have told a New York judge of new guilty plea deals offered to three senior Dewey & LeBoeuf executives after the criminal case over the biggest law firm bankruptcy in history collapsed recently.
The latest LLP filings at Companies House by Macfarlanes have shown the highest-paid member at the firm pocketed £2.04m in 2014/15, 33% more than in the previous financial year.
Continue reading “Macfarlanes’ top-earning partner pay leaps by a third, annual LLP accounts show”
Royal Bank of Scotland (RBS) general counsel John Collins has resigned just 11 months after becoming the top lawyer at the leading High Street bank.
Continue reading “Top RBS lawyer resigns as John Collins makes surprise defection to Santander”
Cravath Swaine & Moore has set the benchmark for US associate bonuses becoming the first major law firm to announce its end-of-year awards.
Continue reading “Cravath kicks off bonus season with associates in line for up to $100,000”
Addleshaw Goddard has added Squire Patton Boggs partner Giles Distin to its corporate finance practice as it aims to ramp up its City offering.
ITV has become the first company to offer a solicitor apprenticeship under the new Trailblazers Apprenticeship in Law initiative.
Olswang has set its sights on expansion in Asia, today (7 December) announcing non-exclusive associations with local firms in Hong Kong and Singapore.
Continue reading “Asia-Pacific: Olswang unveils non-exclusive tie-ups in Singapore and Hong Kong”
In tandem with its significant global expansion this year, Dentons is targeting greater volumes of cross-border deal work and has hired Berwin Leighton Paisner’s former corporate chief David Collins to head its global M&A push.
High Street retailer John Lewis Partnership (JLP) has cut its external legal panel to just four firms comprising Slaughter and May, Burges Salmon, Dentons and Eversheds, naming Slaughter and May as its main corporate adviser, following a review of its existing arrangements.
Linklaters has made a rare lateral hire to bring Shearman & Sterling private equity partner Ben Rodham back to the firm just three years after leaving the Magic Circle firm.
Continue reading “Rising star Rodham returns to Linklaters to boost private equity team”
Eighteen major law firms, including Linklaters, Macfarlanes, White & Case and Sullivan & Cromwell, have joined a new initiative to help young people from disadvantaged backgrounds join the legal profession.
After spending the last 18 months investing in automated services for in-house teams, Riverview Law has created a virtual assistant to help legal teams make ‘quicker and better decisions’.
London provided the bulk of this year’s partner promotions at US law firm Shearman & Sterling, with more lawyers joining its partnership in the City than in the US.
Continue reading “Shearman invests in London as City promotions overtake New York”
The Solicitors Regulation Authority (SRA) has announced plans to introduce a new unified exam for assessing trainee solicitors.
Continue reading “SRA proposes standardised final examination for all prospective solicitors”
