A trio of LB100 firms –Travers Smith, Clifford Chance, Pinsent Masons – have lined up alongside Debevoise & Plimpton in landing key roles on Patron Capital’s recent £500m sale of one of the UK’s biggest independent petrol station operators, Motor Fuel Group, to US private equity firm Clayton, Dubilier & Rice (CD&R).
‘Not a naïve or vulnerable consumer’: Barclays wins capital loan claim against former Dewey partner
The High Court has today (9 June) handed down its judgment in favour of Barclays Bank in a long running battle to secure repayment of a $540,000 loan together with interest from former Dewey & LeBoeuf partner Londell McMillan. Continue reading “‘Not a naïve or vulnerable consumer’: Barclays wins capital loan claim against former Dewey partner”
Freshfields freezes associate pay bands – move puts firm behind Magic Circle peers’ NQ wages
Within days of Clifford Chance (CC) announcing its pay bands in the associate salary race to match Magic Circle peers, Freshfields Bruckhaus Deringer has decided to freeze salaries for junior lawyers at 2014’s levels.
Dealwatch: US trio’s City teams take lead roles on GHG’s £1.5bn three-year debt restructuring alongside Simmons and CC
Teams at the London offices of Paul Hastings; Weil, Gotshal & Manges, and Milbank, Tweed, Hadley & McCloy all took on key roles in the three-year negotiations over Simmons & Simmons-client General Healthcare Group’s (GHG) £1.5bn debt restructuring.
Gateley’s partners take home over 80% of £30m raised in landmark law firm listing
Gateley’s partners are set to receive £25m, more than 80% of the £30m total raised, as the West Midlands firm started its first day of dealings on the Alternative Investment Market (AIM).
Continue reading “Gateley’s partners take home over 80% of £30m raised in landmark law firm listing”
‘A personal decision’: BLP’s David Collins resigns after missing out on top job
Just five months after making the final two to succeed Neville Eisenberg as managing partner at Berwin Leighton Paisner, corporate chief David Collins has resigned from the firm.
Continue reading “‘A personal decision’: BLP’s David Collins resigns after missing out on top job”
Weightmans targets July for merger with Leeds-firm Ford & Warren
National firm Weightmans is looking to establish an offering in Yorkshire, announcing it is in final merger negotiations with single office, Leeds-based Ford & Warren.
Continue reading “Weightmans targets July for merger with Leeds-firm Ford & Warren”
Tods acquisition helps boost revenue 26% to £48m at Shepherd and Wedderburn
Shepherd and Wedderburn’s chief executive Stephen Gibb (pictured) has hailed 2014/15 a ‘cracking year’ as the firm posted a revenue increase of 26%, from £38m last financial year to £48m in the year to 30 April.
Continue reading “Tods acquisition helps boost revenue 26% to £48m at Shepherd and Wedderburn”
Big in Japan: Withers pushes further down the Silk Road with MoFo tax hires
Continuing its recent significant push into Asia, private client specialist Withers has launched a Tokyo tax practice- Withers Japan, Zeirishi Houjin (Withers Japan) – and hired Morrison & Foerster’s (MoFo) Singapore-based Eric Roose to head up its regional corporate tax practice.
Continue reading “Big in Japan: Withers pushes further down the Silk Road with MoFo tax hires”
Comment: A vision of Big Law come 2025 – will the dust ever settle?
It is 2025 and the view from the nominal head office of the leading City law firm remains as uncertain as it has for the last 15 years. Not that there hasn’t been progress at what would once have been called a Magic Circle firm.
Continue reading “Comment: A vision of Big Law come 2025 – will the dust ever settle?”
Solicitors set to own non-regulated businesses after watchdog levels ‘the playing field’ with ABSs
The Solicitors Regulation Authority (SRA) has decided to relax the Separate Business Rule, allowing law firms to own outside businesses which are not regulated by the SRA and provide accounting services, and making it easier for them to compete with alternative business structures (ABSs).
Freshfields’ Pugh and Braham form unity ticket as teams assemble in leadership election
After Freshfields Bruckhaus Deringer veterans Edward Braham and Christopher Pugh (pictured) canvassed separately and were set to go head-to-head for the firm’s senior partner elections, the duo have united on a single platform and are campaigning to lead the firm together.
Enyo hires Eversheds partner and intelligence duo to tackle business in ‘unusual jurisdictions’
In a sign of the travails facing law firms doing business in ‘unusual jurisdictions’, Enyo Law has established an in-house business intelligence unit to help conduct due diligence and build business while it has also bolstered its ranks after partner Annabel Thomas exited for Mishcon de Reya earlier this week, hiring Eversheds partner Jonathan Brook.
DLA Piper enters booming contract lawyer market with Peerpoint-style alumni venture
DLA Piper is to launch a flexible working unit to rival Allen & Overy’s (A&O) Peerpoint and other alumni-based ventures following criticism over the lack of flexibility within the firm’s remuneration structure.
Clifford Chance’s New York office loses corporate duo to Greenberg Traurig
Clifford Chance’s (CC) ambition to build its New York office have suffered a setback with the loss of M&A duo Ivan Presant and Joseph Cosentino to US firm Greenberg Traurig.
Continue reading “Clifford Chance’s New York office loses corporate duo to Greenberg Traurig”
Financials 2014/15: Taylor Wessing’s UK operations see revenues rise 8% and PEP reach £767k
Taylor Wessing has released its financials for 2014/15 with UK revenues increasing by 8.2% to £121m from £112m last year and stated plans to make ‘significant further investments’ particularly in its international network.
CC matches peers in associate salary race – both Slaughters’ £70k NQs and Links’ 3 year PQE pay
Clifford Chance has revealed its 2015 pay bands for newly-qualified (NQ) lawyers, matching the £70,000 NQ rates of Slaughter and May while also meeting Linklaters’ higher salaries for those with two and three year post-qualified experience (PQE).
Kirkland exits continue as high-yield heavyweight McKimm set to join Freshfields
Reversing the trend of partners departing Magic Circle firms for US rivals, Freshfields Bruckhaus Deringer, subject to a partnership vote, is set to hire high-yield heavyweight Ward McKimm from Kirkland & Ellis.
Continue reading “Kirkland exits continue as high-yield heavyweight McKimm set to join Freshfields”
Addleshaws launches AG Consulting ahead of contract lawyer offering
As it looks to return to its pre-financial crisis form Addleshaw Goddard is set to launch AG Consulting, which will provide a range of new services to general counsel and in-house legal teams, including panel and risk management.
Continue reading “Addleshaws launches AG Consulting ahead of contract lawyer offering”
DLA builds LatAm presence with Colombia pact as firm hopes to leverage Spanish relationships
Just three months after sealing its entry into Canada by combining with local firm Davis, DLA Piper has continued its march across the Americas by signing a cooperation agreement that will see it launch in Colombia.