A buyout team comprising the founders of the now-defunct Parabis Group has formally acquired its defendant insurance firm Plexus Law, in a deal that will see the transfer of over 900 staff, supported by a £4.2m loan.
Continue reading “Parabis founders take £4m loan to complete Plexus MBO”
Dentons has announced its fifth merger of 2015 and today (25 November) confirmed a tie-up with Luxembourg firm OPF Partners, a deal which will add 34 lawyers including nine partners to the roster and incorporate the latter firm into Dentons’ European LLP.
Continue reading “Dentons continues international expansion with Luxembourg tie-up”
While a decision to backtrack on tax credit cuts stole the limelight in the Autumn Statement today (November 25), Chancellor George Osborne revealed further cuts to the Ministry of Justice (MoJ), plans to close 91 courts and curbs on aggressive PI firms pursuing road accident claims.
In its third office opening in a year, following on from launches in Düsseldorf and Johannesburg, Herbert Smith Freehills (HSF) has reopened in Saudi Arabia through a local association.
Continue reading “Expansion mode: HSF reopens in Saudi Arabia with new association”
Manchester firm Horwich Farrelly has today (24 November) announced it has taken a 43-strong personal injury team from the Parabis Group, including seven partners, just one day after it emerged Parabis is to be broken up and sold in a £50m pre-pack administration deal. Continue reading “Manchester insurance firm takes on 43-strong team from Parabis as group unravels in administration”
While Paul Hastings stood out for its trifecta of high-profile lateral hires last week, Winston & Strawn, Withers and Clyde & Co have also added to their ranks.
Latham & Watkins continues to enhance its finance roster, this time with experienced Hogan Lovells partner Gary Hamp. The hire comes shortly after Hogan Lovells had taken three Latham partners in Dubai.
Continue reading “Latham taps Hogan Lovells as City finance push continues”
Having just recently confirmed the sale of its defendant personal injury arm Plexus Law, legal and professional services provider Parabis Group is to be broken up and sold in a seven-part pre-pack administration process.
Continue reading “Update: Parabis Group enters £50m pre-pack administration”
Recent efforts to improve social mobility within the legal profession are having little-to-no effect at the Bar and within the judiciary, two new studies have concluded.
In what has been reported as the largest pharmaceutical deal in history, four of the biggest Wall Street players have advised on Viagra-owner Pfizer’s agreed $160bn takeover of Botox-maker Allergan.
Continue reading “Making history: US elite lines up to advise on Pfizer takeover of Allergan”
Following two major hires in the City this week, US firm Paul Hastings has turned its attentions to Frankfurt with the addition of Clifford Chance corporate partner Bernd Meyer-Witting.
Presumably you make decisions all the time, in managing your matters, selecting strategies and tactics, and of course outside the work environment as well – with your spouse or significant other, family, and pets; in the context of your church, synagogue, club, neighbourhood; and on and on.
Osborne Clarke (OC) has posted another set of strong financial figures for the first six months of the year, with a 25% increase in turnover across its international business, and a 14% increase in UK revenue.
Rolls-Royce has appointed head of legal and commercial Mark Gregory as general counsel (GC), following the departure of Robert Webb QC who is to re-join Brick Court Chambers in January.
Continue reading “In-house: Rolls-Royce’s head of legal Gregory takes GC role”
Mayer Brown has become the latest US firm to announce its promotion round, with City lawyers making up just 7% of the total round worldwide. The firm made up two London partners, up from one last year.
Continue reading “Partner Promotions: Mayer Brown makes up two in London from 27-strong round”
A potential government crackdown on tax savings made by consultants through ‘personal service companies (PSCs)’, could have negative implications for contract lawyer services such as Addleshaw Goddard’s Integrate, Pinsent Masons Vario and Allen & Overy’s Peerpoint, as well as BLP’s Lawyers on Demand.
Continue reading “Firms assess options ahead of potential crackdown on contract lawyer tax loophole”
As China continues to internationalise its economy, one of its largest law firms, Yingke, has announced an exclusive strategic partnership with London-based, mid-market corporate firm Memery Crystal.
Continue reading “Asia moves: Memery Crystal agrees partnership with China’s Yingke”
DLA Piper has ramped up its low-cost services offering, opening a centre in Warsaw and eyeing Asia for a fourth base across the globe.
Continue reading “Asia next target for DLA as it launches third low-cost centre in Warsaw”
In a rare move, Freshfields Bruckhaus Deringer will combine its Cologne and Düsseldorf offices to create what it says will be the ‘perfect platform’ for a stronger presence in the Rhineland.
In June this year, the Hong Kong Court of Appeal held that the English Court of Appeal decision in Three Rivers (No.5) does not represent Hong Kong law. This is, of course, the 2003 English Court of Appeal decision well-known for the challenges it presents companies who wish consultations with their legal advisers to benefit from the protection of legal advice privilege.
Continue reading “The Disputes Yearbook: Simmons’ Passmore on the flow on effects of Three Rivers”
