Bristol-headquartered TLT has continued a string of strong financial performances in recent years by growing turnover 8% in the 2014/15 financial year and posting revenues of £62.5m.
Continue reading “Financials 2014/15: TLT passes £60m in revenue with 8% growth”
This second quarter has seen Allen & Overy (A&O) launch a comprehensive review with external consultants drafted in to look at both its pay structure for junior lawyers and to compare the firm’s levels of pay against market rates.
Seeking to turn the City’s next big hedge funds into clients, Simmons & Simmons has entered the growing legal product market with a package to guide hedge fund managers through the increasing regulatory burden attached to creating and launching a financial firm.
Pinsent Masons has become the latest firm to benefit from the on-going travails of Clifford Chance’s (CC) German offering with intellectual property (IP) partner Marc Holtorf leaving the Magic Circle firm’s Munich offices while in London, Milbank, Tweed, Hadley & McCloy hired asset finance partner Nick Swinburne.
Reduced to just one partner in Abu Dhabi, Herbert Smith Freehills is shutting the office and shifting its five-lawyer team to Dubai just six years after opening.
PwC Legal has expanded its German legal team with the hire of Mayer Brown banking and finance partner Jorg Wulfken in Frankfurt as the firm looks to build a ‘sizeable’ financial services offering outside of the US.
Continue reading “PwC Legal hires Mayer Brown’s former German chief in financial services drive”
Freshfields Bruckhaus Deringer has made a significant move to enhance its US practice with the hire of Simpson Thacher & Bartlett’s experienced corporate disputes specialist Linda Martin.
The Independent Press Standards Organisation (IPSO) has launched a three month consultation on creating a new arbitration scheme to settle defamation, privacy and other civil legal disputes with the press.
Continue reading “Press watchdog looks at new arbitration body to handle media claims”
Allen & Overy (A&O), Ashurst and Dickson Minto have won key roles on the off-market acquisition of Environmental Resources Management (ERM) by Canadian pension funds OMERS Private Equity and co-investor Alberta Investment Management Corporation (AIMCo).
Reckitt Benckiser’s group general counsel (GC) Bill Mordan (pictured) is set to leave the consumer goods company to take up the role of GC and company secretary at pharmaceutical giant Shire.
A four-partner team from Holman Fenwick Willan (HFW) has spearheaded ACE’s high-profile purchase of Nat Rothschild’s stake in troubled Indonesian coal miner Asia Resource Minerals with Gibson, Dunn & Crutcher acting for the British financier and Ashurst for Indonesia’s Widjaja family.
Continue reading “HFW and Gibson Dunn lead as Rothschild exits troubled Asia Resource Minerals”
Eighteen months on from its City launch, Boies, Schiller & Flexner has hired its third partner with Kenneth Beale joining the disputes shop from Wilmer Cutler Pickering Hale and Dorr’s arbitration group.
Clyde & Co head of corporate Philip Rogers is leaving the firm after eleven years to head up Brown Rudnick’s emerging markets corporate practice in London after the US firm also made two laterals in its Paris office last week.
Continue reading “Brown Rudnick hires Clydes’ corporate head as it targets Francophone work”
Freshfields Bruckhaus Deringer has changed its finance team’s management as it brings in Kirkland & Ellis high-yield heavyweight Ward McKimm as co-head of its European leveraged finance group, while Ashurst has made changes to its Asia leadership team.
A government report into barriers of entry in the professions has criticised the ‘class ceiling’ at law firms and other professional service outfits which it says are blocking working-class people from elite firms.
After taking the decision to move back-office staff out of its London headquarters to Manchester in a nearshoring exercise, Freshfields Bruckhaus Deringer is taking the low-cost support model to new heights as it looks at potentially opening two further support outposts in Asia and the US to provide 24/7 legal support.
King & Spalding has chosen Tokyo as its second base in Asia, hiring a team of Ashurst partners led by Tokyo managing partner John McClenahan to spearhead its launch.
Continue reading “Ashurst blow as King & Spalding secures four-partner team for Tokyo launch”
Innovation lies at the core of technology. Evolution and improvement in the ways we design and use basic utilities and infrastructure such as telecoms, water and energy are key to ensuring perennial and adaptable services for an ever-growing global population.
The industry standard in tracking US law firm mergers, Altman Weil’s Mergerline, has had this to say about activity in the wake of the Global Financial Reset:
With two mergers under its belt in 2014, CMS has unveiled double digit growth in revenue for the financial year ending 31 December 2014 with turnover up by 11% to €934.5m (£753.3m).
Continue reading “Mergers helps drive 11% revenue growth at CMS with profits up 3%”
