With US leadership previously announcing intentions to boost the firm’s New York bench, Clifford Chance has today (3 February) confirmed the hire of DLA Piper’s Gianluca Bacchiocchi as a partner in its banking and finance practice in the Americas.
Revolving doors: OC and Boodle Hatfield both hire in the City while BLP and Pinsents focus on the Middle East
Osborne Clarke started last week with a hire from King & Wood Mallesons in the City but other laterals saw a focus on the Middle East with Boodle Hatfield’s London hire dealing with clients in the region as well as central Asia while Pinsent Masons and Berwin Leighton Paisner (BLP) both hired in the UAE.
Significant departures: Latham & Watkins hires CC’s private equity co-head Oliver Felsenstein
Latham & Watkins has strengthened its corporate bench in Germany with the hire of Clifford Chance’s (CC) co-head of private equity Oliver Felsenstein and partner Burc Hesse.
Accounts revealed: Hogan Lovells records 3.9% international revenue boost as profits slide
Transatlantic firm Hogan Lovells has become the latest to publish its limited liability partnership (LLP) accounts for the 2013/14 financial year, and has recorded a 3.9% revenue boost in its International LLP from £581m to £604m.
Trainee retention: Reed Smith, A&O and HSF keep on over 90% of spring 2015 qualifiers
Allen & Overy (A&O), Herbert Smith Freehills and US firm Reed Smith have helped to quash the nervousness among trainee lawyers across the City, with each keeping over 90% of their recently qualified trainee intakes.
A 17-year dispute: Roadchef workers win legal battle against DAC Beachcroft client over employee shares
Hundreds of workers at motorway service operator Roadchef are set to share a windfall after a 17-year long legal battle against the company’s former chief executive regarding an employee share option scheme.
‘We’re on a journey we haven’t completed yet’: BLM elects senior partner Mike Brown for second term
In an uncontested election, risk and insurance-focused law firm BLM has unanimously re-elected its senior partner, Mike Brown, for a further three-year appointment.
Targeting South Korea: Milbank opens in Seoul
The influx of Western law firms in South Korea continued today (2 February) after local authorities rubber stamped Milbank, Tweed, Hadley & McCloy’s launch in Seoul.
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Q&A: A year on – Shell’s legal director Donny Ching on handling oil industry pressures and a 1000-strong team
Donny Ching (pictured) replaced Peter Rees as Royal Dutch Shell’s legal director in February 2014. After almost a year in the top role, Ching talks to Legal Business about law firm collaboration, appropriate fee arrangements and pressures facing in-house teams in volatile industries.
Targeting Amsterdam: Baker & McKenzie bulks up with Linklaters partner and Houthoff Buruma team
Baker & McKenzie has ramped up its corporate offering in Amsterdam with the hire of seven lawyers including Linklaters‘ corporate partner Henk Arnold Sijnja and a large team from local firm Houthoff Buruma.
‘A challenging year’: DAC Beachcroft profit falls as firm hit by rising staff costs and IT failure
DAC Beachcroft’s latest LLP fillings at Companies House have revealed the firm’s profits available for division among members fell by 18.3% from £31.2m in the 2012/13 financial year to £25.5m in the year to 30 April 2014 as staff costs rose and the firm booked the cost of an IT failure.
Losing QCs: BLP’s plan to compete with the Bar hit by another advocacy exit
Stuart Isaacs QC, the man brought in to lead Berwin Leighton Paisner‘s advocacy unit and compete with the Bar, has departed for King & Spalding.
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Taking Manhattan: Freshfields continues New York expansion with Kirkland & Ellis hire
Magic Circle firm Freshfields Bruckhaus Deringer has bolstered its US offering again, this time enhancing its employment capability with the hire of Kirkland & Ellis partner Howard Klein in New York.
Accounts revealed: DLA Piper revenues slip as partner numbers shrink
DLA Piper‘s European, Asian and Middle Eastern operations suffered a fall in revenue from £800m to £787.5m for the 12 months to 30 April 2014.
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Financials 2013/14: Herbert Smith Freehills cuts its debt after ‘outstanding’ disputes performance
In the first full year of accounts since it merged, Herbert Smith Freehills has revealed its borrowings fell from £178m at the end of the 2012/13 financial year to £141m.
Global arbitration: French and British lawyers dominate appointments to ICSID arbitrations
Traditionally dominated by US lawyers, French and British arbitrators trumped their North American rivals last year by securing more arbitral appointments at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).
Targeting Manchester: Nabarro bolsters office with Pinsents and Eversheds hires
Nabarro has bolstered its recently opened Manchester office with the hire of corporate partner Howard Gill and real estate partner Peter Winnard.
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Unanimous approval: Blatherwick gets another three-year term at Browne Jacobson
Browne Jacobson has opted to stick with current managing partner Iain Blatherwick with the firm’s 96-strong partnership unanimously re-electing him for a further three years from 1 May 2015.
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Old or new BLP: Which way will the firm turn with its next managing partner?
Berwin Leighton Paisner‘s (BLP) head of employment Lisa Mayhew will face off against corporate chief David Collins in the battle to replace Neville Eisenberg (pictured), the firm’s managing partner for the last 16 years.
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Dealwatch: Freshfields, A&O and Travers act as Asia’s richest man buys UK rail group for £2.5bn
Travers Smith, Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have won roles advising on the sale of UK’s leading rail leasing company Eversholt Rail Group for £2.5bn.