Last week saw Global 100 firms building their presence in Europe, with White & Case bolstering its private equity (PE) practice and Cleary Gottlieb Steen & Hamilton expanding its competition offering in Brussels. Meanwhile Hill Dickinson hired two partners for its Asia offering including Captain Joe Quain and K&L Gates benefitted from Dentons’ Singapore office closure.
45 jobs at risk as Shakespeare Martineau launches post-merger redundancy round
Newly-merged firm Shakespeare Martineau has launched a redundancy consultation which could see the loss of 45 jobs, mainly within the firm’s business support group but also including fee earners.
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Winning work: Freshfields takes Slaughters’ place as government cuts its stake in Lloyds
Freshfields Bruckhaus Deringer has stolen a march on rival Slaughter and May after winning the role representing the UK government in its latest disposal of holdings in Lloyds Banking Group.
Dealwatch: Weil and White & Case lead on Ukraine’s $18bn debt restructure
London teams at Weil, Gotshal & Manges and White & Case were selected as the lead advisers as Ukraine struck a debt-relief deal yesterday on its $18bn sovereign debt pile in a bid to rebuild its fragile economy.
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Slater & Gordon sets sights on Global 100 in 2016 as revenues hit A$522m
Slater & Gordon has published its financial results for the year to 30 June 2015, recording a 27% increase in revenues as it continued its acquisitive streak throughout the year.
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Eversheds’ Manchester office loses partner trio to DLA Piper as firm builds up in construction
DLA Piper has targeted Eversheds‘ Manchester base, hiring three of the firm’s partners from the office, as its bulks up it infrastructure and construction practice.
‘Why £70k? That’s where we think we need to be’: Travers Smith boosts NQ salaries by 9% to match Slaughters
Having enjoyed another respectable financial performance for the 2014/15 year, Travers Smith has boosted its newly qualified (NQ) associate salaries by £6,000 to £70,000 from £64,000, constituting a 9% rise and putting its rates on a par with Slaughter and May and Hogan Lovells.
Guest post: Big data and the linguistics of law – how to win cases and influence judgments
With the hue and cry about big data, artificial intelligence and law being accentuated by all the talk around Watson/Ross, I was interested to see this thoughtful, carefully carried out and documented piece of research into the qualities of brief writing before the US Supreme Court from US political scientist Adam Feldman.
Trainee retention: Allen & Overy keeps on 86% of autumn 2015 cohort as Linklaters manages 46 out of 55
Rounding out the Magic Circle retention rates, Allen & Overy has announced an 86% retention rate for the trainee intake qualifying in September 2015 while Linklaters is keeping on 84%.
Dealwatch: Freshfields and Arthur Cox line up on Paddy Power and Betfair’s merger
Freshfields Bruckhaus Deringer and Arthur Cox have taken the lead roles today (26 August) as Paddy Power and Betfair announced they had agreed a possible merger in a £5bn deal.
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Marriott Harrison emerges as suitor for McClure’s London corporate partners
City firm Marriott Harrison is in talks with a team of London corporate partners at McClure Naismith as more firms emerge as possible homes for lawyers at the beleaguered Scottish outfit.
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On a roll: BPP picks up another client as White & Case switches from ULaw
In a further blow to its client roster, White & Case has ended its training contract deal with The University of Law (ULaw) and switched to rival BPP Law School.
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Guest post: The truth about corporate welfare
Students of the relationship between business and society will, of late, have encountered a new discourse, that around corporate welfare.
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Ashurst rebuilds in the City with Skadden’s former global private equity co-head Lascelles
Having lost a string of London-based corporate stars in the last two years, Ashurst is making efforts to enhance its offering once more with the hire of Skadden, Arps, Slate, Meagher & Flom’s former global private equity co-head Shaun Lascelles.
Dealwatch: Slaughters and Freshfields lead as Zurich bids £5.6bn for UK’s RSA
Magic Circle duo Slaughter and May and Freshfields Bruckhaus Deringer have won roles as Switzerland’s Zurich Insurance Group bids to buyout its FTSE-100 listed rival RSA for £5.6bn.
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We don’t need no education: Kaplan Law School to close in 2016
After having seen several clients turn to other legal practice course providers, Kaplan Law School has announced that it is set to close at the end of 2016.
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In-house: Barclays picks Simon Croxford to fill expanded deputy GC post
Less than six months after returning to Barclays‘ HQ in Canary Wharf, Simon Croxford has been selected to replace the banking giant’s outgoing deputy general counsel (GC) Michael Shaw.
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‘We are not where we wanted to be’: Bakers falls behind DLA as revenue drops $100m and PEP dives 12%
Baker & McKenzie has fallen behind rival firm DLA Piper in the stakes to be the biggest global law firm after its worldwide revenues dropped 4% to $2.43bn in the fiscal year ending 30 June 2015.
A&O, Fieldfisher and Squires lose out as National Grid unveils new slimmer legal panel
Energy giant National Grid has revealed a new legal panel, further slimming down its roster to just 12 firms – a reduction of nearly 50% over its last two reviews.
Trainee retention: CC keeps on 96% of trainees as three of BLP’s cohort take places internationally
Clifford Chance (CC) has revealed a trainee retention rate which outpaces its Magic Circle rivals to have announced so far with the firm keeping on 96% of its cohort. Meanwhile Berwin Leighton Paisner (BLP) managed a rate of 71%.