Clifford Chance and Allen & Overy (A&O) are orchestrating a tie-up between two of the City’s most storied brokers, Icap and Tullett Prebon, as the market consolidates in response to low trading volumes and tougher regulations.
Continue reading “Dealwatch: Magic Circle firms lead on major City broking merger”
US firm Goldberg Segalla has parted ways with London insurance partner Clive O’Connell after he was filmed recently delivering an anti-Liverpool rant following a match at Stamford Bridge.
Increased demand for US capital markets capability in recent times has seen King & Wood Mallesons dip into the laterals market, and appoint US securities partner Bart Capeci in London.
Continue reading “King & Wood strengthens capital markets bench with Sidley hire”
Now is the time to show how your team has positioned itself ahead of the pack this year: nominations are open for the most prestigious showcase of talent in the industry, the Legal Business Awards 2016.
Continue reading “Could it be your year? Nominations open for the Legal Business Awards 2016”
Freshfields Bruckhaus Deringer, Herbert Smith Freehills (HSF), DLA Piper and Pinsent Masons have all won key mandates on Pearson’s new legal panel, as the company’s general counsel (GC) Bjarne Tellmann praised the robust state of the UK legal market.
Freshfields Bruckhaus Deringer has been put under the spotlight for charging £2.8m in legal fees when advising HM Treasury during the £585.1m sale of the government’s 40% stake in Eurostar International Limited (Eurostar) in March this year. Continue reading “Querying the bill: Treasury ‘concerned’ over Freshfields fees on Eurostar sale”
If a good chunk of the latest issue of Legal Business is focused on technology and machines replacing lawyers, our extended focus this month on private equity is an interesting contrast. After all, what good would a supercomputer be in the clubby, driven and entrepreneurial world of leveraged buyouts?
Baker & McKenzie global litigation head Tom Cassels has become the second senior litigator to leave the firm for Linklaters in a matter of days.
It was a decision never likely to sit well with the public defence profession and so it proved.
The ongoing saga over the reduced number of criminal legal aid contracts continues as it has emerged that the Legal Aid Agency (LAA), an executive agency of the Ministry of Justice, is facing legal challenges from around 100 firms at the High Court to prevent execution of the contracts.
In-house lawyers have been notoriously slow to embrace the tech-backed delivery of legal services, but Legal Business research drawing on responses from more than 600 global clients shows many believe technology will transform the way they work.
Milbank, Tweed, Hadley & McCloy is gearing up for further growth in London by leasing extra office space, an extra 35% on top of its current City base.
Continue reading “Bursting at the seams: Milbank makes room for 50 extra lawyers in the City”
Big Four accountancy firm EY will recruit eight trainee solicitors in the UK over the next two years, launching its first-ever lawyer training scheme in the UK.
Continue reading “Easy access: EY lowers threshold for first UK trainee programme”
Ince & Co’s departures continue in Singapore with energy head Martin David being the latest to leave the firm, joining Baker & McKenzie as a partner in its Singapore energy practice.
Continue reading “Ince & Co Singapore exits continue as energy head departs for Bakers”
In a rare step, Freshfields Bruckhaus Deringer and Holman Fenwick Willan (HFW) have been publicly criticised by the UK Takeover Panel for breaching its code of conduct when advising on the formation of a multibillion-dollar Indonesian coal group.
US firm Goodwin Procter is setting up shop in Frankfurt, establishing a real estate capital markets platform with four of Ashurst’s six Frankfurt real estate partners.
Continue reading “Goodwin Procter opens Frankfurt base with the hire of four Ashurst partners”
Artificial intelligence is big news once again in law and beyond. Legal Business speaks to leaders in the field of advanced automation to assess what it means for the profession.
> How are you today?
* I’m afraid AI will change the legal profession.
> How long have you been afraid AI will change the legal profession?
* Since I started speaking to AI researchers.
> Can you elaborate on that?
* They were telling me about their latest research.
> I don’t understand you.
* Neither did they, that’s why I wanted to see a therapist.
> Tell me more…
Continue reading “Deep Blue sky thinking: The cutting edge of legal AI”
The cutting-edge science in artificial intelligence in law is startling, but does the tech currently offered by commercial legal providers match the hype?
It’s a sign of the times: Berwin Leighton Paisner (BLP) now has its own ‘robot’. In September, the firm announced it had teamed up with tech company RAVN Systems in a deal to use its artificial intelligence (AI) platform, known as the Applied Cognitive Engine (RAVN ACE).
Continue reading “Applied science and snake oil: AI in practice”
Pioneering GCs are taking control of legal spend, armed with the latest tech. Can the rest of the in-house community keep pace?
If conventional law firms have been slow to embrace technology – and they have – their counterparts in-house have been barely moving. But in the last five years signs have emerged of ‘early adopters’ in the bluechip general counsel (GC) community who are willing to do more than apply new tools at the margins. The GCs are turning to technology to reshape the way they work.
Our fourth annual client survey shows the maturing role of in-house counsel leading to greater job satisfaction. But in winning more responsibility, are they taking on more than they can handle?
Career-wise, in-house is the new black. As Chris Fowler, general counsel (GC) for BT’s UK commercial legal services division, observes, there is now much more of a desire among millennials to work for companies than in private practice. With in-house teams evolving in status to become more important to the business, the role of the corporate counsel now is far more attractive to law graduates than ever before.
Continue reading “The In-House Lawyer Survey – More than a number”
