The first top 20 UK firm to announce its 2014/15 financial performance, Berwin Leighton Paisner (BLP) has posted a 6% rise in turnover to £259m as its profit per equity partner (PEP) jumps 22% to £659,000.
Continue reading “Financials 2014/15: PEP soars by 22% at BLP as turnover rises to £259m”
Sidley Austin has boosted both its M&A and private equity offering in Southeast Asia with the hire of White & Case partner and Indonesia chief Charlie Wilson into its Singapore office.
I find the psychology of professional ethics endlessly fascinating. Take this piece by Elaine Doyle, Jane Frecknall Hughes and Barbara Summers (2013) An Empirical Analysis of the Ethical Reasoning of Tax Practitioners, (access here), which I thank Iain Campbell for mentioning to me.
Continue reading “Guest post: What makes tax lawyers morally limited?”
After having hired two private equity partners in recent months, US firm Fried, Frank, Harris, Shriver & Jacobson has bolstered its finance capability with the hire of Hogan Lovells finance partner Stuart Brinkworth (picutred) to head its London finance offering.
Last week saw a quartet of US and UK firms, namely Cooley, Pannone Corporate, DWF and K&L Gates, all make lateral hires in the areas of tax, regulatory, real estate, and finance.
Continue reading “Revolving doors: Cooley, Pannone, DWF and K&L Gates all bolster UK numbers”
Banking partner Bruno Soares, who decided to leave Allen & Overy’s (A&O) Brazil offering to join US firm Paul Hastings and help establish its Sao Paulo office in March, has made the unusual step of reversing his decision.
Following two years of slim promotions, Travers Smith has promoted seven lawyers, over 10% of its existing partnership, to partner in a round that’s bigger than 2013 and 2014 combined.
Continue reading “Partner promotions: Travers Smith adds seven new partners in bumper round”
Moving on from its former association in Indonesia after it suffered several key exits, White & Case has forged a new alliance with local, Jakarta-based firm Witara Cakra Advocates.
Continue reading “Emerging markets: White & Case sets up another Indonesia alliance”
Less than 30 days after advising on the £1.3bn purchase of Virgin Active by South African billionaire Christo Wiese’s private equity vehicle Brait, Linklaters‘ rising star Alex Woodward has led on Brait’s £780m deal for a 90% stake in clothing retailer New Look.
The rise of boutiques has been yet another development shaping the legal industry that no-one predicted. Conventional wisdom for years held that law firms should go global or specialise but that was largely in the context of mid-tier players becoming more tightly defined around a handful of profitable practice areas (which pretty much hasn’t happened either).
Continue reading “Comment: Legal boutiques – unheralded, thriving and coming after your lunch”
After looking externally for a permanent replacement for former chief executive David Stewart, Olswang has turned internally and elected intellectual property partner Paul Stevens (pictured) to the role.
Continue reading “Replacing Stewart: Olswang picks IP partner Paul Stevens as new chief executive”
Trowers & Hamlins’ former head of Bahrain construction Paula Boast has returned to Charles Russell Speechlys (CRS) as its Middle East head of construction, after spending almost nine years at Trowers’ Bahrain office.
Though one is always on dangerous ground in suggesting that anything was clear or uncomplicated in the Financial Services Authority’s Handbook and its successors, one could comfortably say that in-house lawyers were not regarded as significant influence function-holders requiring approval under the Financial Services and Markets Act (FSMA) 2000.
Within months of announcing a combination with one of China’s biggest law firms, Dacheng, Dentons is closing down its Singapore practice as it plans to rely on its new partner’s presence in the country.
Energy giant National Grid has launched its first UK wide panel review for five years and is considering shrinking its current roster, Legal Business has learned.
Continue reading “In-house: National Grid launches UK panel review in bid to shrink roster”
Greenberg Traurig has hired real estate teams from both Allen & Overy (A&O) and Norton Rose Fulbright as it bolsters its practice in Warsaw with 12 new lawyers.
The insurance legal market continues to be hard pressed with Hill Dickinson confirming it is set to start a 30-day consultation tomorrow (14 May) which places around 30 jobs at risk.
Continue reading “Redundancy watch: Hill Dickinson starts consultation regarding 30 insurance jobs”
Gateley has revealed the details of its planned initial public offering (IPO) including its board and lock-in provisions as it publishes an intention to carry out an IPO on the London Stock Exchange this morning (12 May) and applies for admission of its ordinary shares to trade on AIM.
Continue reading “‘First mover advantage’: Gateley reveals details of IPO as it launches UK float”
In the latest round of LB100 firm promotions, Kennedys made a 75% female promotions round as three out of four of its new partners were women while both Bond Dickinson and Kingsley Napley bolstered their practices with a trio of new partners.
2014 was a year that saw the number and value of private equity (PE)-backed exits reach unparalleled highs globally. More benevolent economic and market conditions, including an increase in global M&A activity, created renewed confidence in the industry.
