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.
Continue reading “Old or new BLP: Which way will the firm turn with its next managing partner?”
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.
Freshfields Bruckhaus Deringer has become the first Magic Circle firm to post its trainee retention rate, with 85% taking up positions with the firm.
Continue reading “Trainee retention: Freshfields keeps on 85% of spring 2015 qualifiers”
Vanessa Sharp, KPMG‘s general counsel (GC), is to retire from the partnership after 18 years in the role. The process to replace Sharp, who departs in May is currently ongoing, and Legal Business understands that the replacement is likely to be an external one.
Continue reading “‘Looking for new challenges’: KPMG’s GC to depart after 18 years in the role”
US firms Ropes & Gray and Weil Gotshal & Manges have won roles advising buyout group Bain Capital on its $2.1bn acquisition of leading fuel systems supplier TI Automotive.
DLA Piper, Milbank, Tweed, Hadley & McCloy and Sidley Austin have all completed partner raids on rivals in Asia as they seek to expand their presence in the region.
Wragge & Co’s last limited liability partnership (LLP) accounts before it merged with Lawrence Graham show that profit before remuneration grew by 8%, climbing from £39.5m to £42.6m as the number of staff employed fell by 106.
Freshfields Bruckhaus Deringer has become the third Magic Circle firm to release its 2013/14 limited liability partnership (LLP) filings with Companies House, showing the firm’s profits increasing, ‘before the movement in the provision of partner annuities’, by 7% to £528m off the back of £1.28bn in revenues.
Continue reading “Financials 2013/14: Freshfields’ profits continue to grow as headcount expands”
Lord Justice Leveson has called for reforms to streamline the justice system in England and Wales for greater efficiency.
Continue reading “‘Designed in the 19th century’: Leveson calls for court system reforms”
US firms Ropes & Gray and Latham & Watkins won roles advising on telecommunications group Altice’s purchase of Portuguese telecoms rival Oi’s assets worth €7.4bn on a cash and debt-free free basis.
Continue reading “A €7.4bn enterprise value: Ropes & Gray and Lathams advise on Altice purchase”
US heavyweight Davis Polk & Wardwell, Dutch firm De Brauw Blackstone Westbroek and Magic Circle firm Linklaters have all scored roles advising on the €1bn Dutch IPO of Grand Vision, the world’s biggest opticians and owner of Vision Express.
White & Case and Osborne Clarke (OC) are the latest firms to reveal trainee retention rates this month, keeping on 100% and 89% respectively.
A public inquiry into the London death of ex-Russian spy Alexander Litvinenko has opened at the High Court this morning (27 January), with Fieldfisher partner Martin Smith serving as lead solicitor.
Last week saw Clyde & Co expand its transportation finance practice in the City, while Quinn Emanuel Urquhart & Sullivan expands its litigation offering in Houston, and peer group firm Gibson, Dunn & Crutcher expanded its M&A offering in Singapore.
Continue reading “Revolving doors: Clydes, Quinn Emanuel and Gibson Dunn make key hires”
Clifford Chance has started a review of its remuneration system at management level, a move which could see the firm deploy a more flexible lockstep to retain star partners.
Continue reading “Early stages: Clifford Chance kicks off lockstep review”
India’s largest law firm Amarchand & Mangaldas & Suresh A Shroff & Co has agreed to split the 600-lawyer firm after months of legal wrangling over unequal equity shares.
Finnish power producer TVO and construction consortium Areva-Siemens have gone to London’s International Dispute Resolution Centre (IDRC) in a bid to settle the ongoing €3.5bn Finnish nuclear arbitration over construction delays to the 1.6gw Olkiluoto 3 nuclear plant.
Companies House has today (26 January) lost a major argument at the High Court after a Cardiff businessman argued a blunder over a single letter on a document caused his 124-year old business Taylor and Sons’ to go into administration.
Nearly three decades have passed since the game changing union of Coward Chance and Clifford Turner – a watershed moment in the evolution of global law famously executed by figureheads, Sir Max Williams and Geoffrey Howe. This week the firm’s managing partner Matthew Layton unveiled a strategy which will attempt to revive that audacious vision of brilliantly commercial partners and perhaps, a renewed breeding ground for imaginative thinkers.
Continue reading “‘A statement of intent’: Can Layton’s strategy reinvigorate Clifford Chance?”
Alternative Business Structure (ABS) Quindell has entered negotiations to sell one of its operating divisions to Australian law firm Slater & Gordon.
Continue reading “Targeting the UK: Slater & Gordon in talks with Quindell over division purchase”
