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Competing moves: Mayer Brown hires BLP’s competition head as CMA recruits from Freshfields

Mayer Brown has hired Berwin Leighton Paisner’s (BLP) head of EU and competition, David Harrison, ten years after he joined the firm from Allen & Overy (A&O) to help start the stand-alone group. Meanwhile, Freshfields Bruckhaus Deringer City antitrust partner Andrea Gomes da Silva is leaving the firm after 14 years to join the Competition and Markets Authority (CMA).

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Q&A: Pinsents new managing partner Cleland on priorities, understanding the numbers and what he will miss most

Pinsent Masons‘ John Cleland (pictured) takes up the reins as the firm’s new managing partner today (Friday 1 May). He talks to Legal Business about his three priorities for the business, his preparations for taking on the role and whether he will miss fee earning.

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Guest post: Why the right is losing the argument on tax – and why it matters to all of us

Two weeks ago, Labour pledged to tax as income the performance fees (known as the ‘carried interest’) paid to certain investment managers. This rather than the much lower capital gains tax rate enjoyed hitherto. The pledge followed Labour’s promise, earlier in the week, to remove the centuries old non-dom tax break and, last month, to restrict pension tax relief for high earners.

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Q&A: Shearman’s Nick Buckworth talks keeping a focused business, peer pressure and climbing Mont Blanc

Shearman & Sterling’s London office has outpaced the rest of the firm, with revenue last year growing 7% in the City to hit $145m compared to the 3% rise achieved by the firm as a whole in the 12 months to 31 December 2014. Two years into a three year plan to restore the firm’s fortunes, Europe chief Nick Buckworth (pictured) talks firing up the firm’s international offering.

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Rumbling on: Barclays sets aside £800m to cover foreign exchange penalties as Deutsche profits hit by legal costs

Despite the spate of large scale settlements banks continue to set aside large provisions for legal spend with the latest, Barclays, setting aside £800m for investigations and litigation primarily relating to foreign exchange manipulation while Deutsche Bank put aside €1.5bn in the first quarter of 2015.

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One of the giants – Bankruptcy legend Harvey Miller dies at 82 after defining US workouts for decades

Bankruptcy pioneer Harvey Miller, one of America’s leading commercial lawyers of the post-War period, has died at the age of 82, it was announced this week.

The Weil Gotshal & Manges partner was America’s most prominent bankruptcy practitioner, playing a pivotal role in a string of landmark cases, including the wind-up of Lehman Brothers, the largest corporate bankruptcy in US history.
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