EY has become the latest accountancy giant granted an alternative business structure (ABS) licence by the Solicitors Regulation Authority, in a bid to provide ‘integrated, multidisciplinary’ legal services across England and Wales.
Continue reading “‘We are offering something new’: EY latest Big Four giant granted ABS licence”
Akin Gump Strauss Hauer & Feld is launching its first trainee scheme outside of the US in a move that will see it expand the programme established by the London office of Bingham McCutchen it recently consumed.
Continue reading “Building a base: Akin Gump launches London trainee scheme”
Skadden, Arps, Slate, Meagher & Flom has continued its recent City hiring spree, recruiting Freshfields Bruckhaus Deringer’s non-contentious insurance practice head Robert Stirling as a corporate partner.
Baker & McKenzie has lured a partner from rival global behemoth DLA Piper for the second time in a month, this time taking a finance partner in Johannesburg.
Continue reading “Baker & McKenzie turns to DLA again to add partner in Johannesburg”
Unsurprisingly for a high-profile claim against a global investment bank, litigation heavyweights Quinn Emanuel Urquhart & Sullivan and Herbert Smith Freehills find themselves squaring up to each other today (1 December). Continue reading “Hunting titans: Quinn and HSF take lead as former Goldman Sachs bankers and UBS face off”
Clifford Chance has recruited a five-strong team from beleaguered US firm Bingham McCutchen to its Washington DC office, led by partners Robert Gross and William Cejudo, in a bid to enhance its US structured finance and real estate finance offering.
Slaughter and May has increased the size of its annual bonuses, with associates qualified for more than four and a half years set to receive an additional 15% on top of their salary.
Dallas-bred Locke Lord and Boston’s Edwards Wildman Palmer have rubber-stamped their high-profile union, today (1 December) announcing that their respective partnerships have approved a combination from 10 January 2015, a move which will generate gross revenues of $675m and a headcount of 1,000 lawyers.
Continue reading “Worst-kept secret: Locke Lord and Edwards Wildman approve combination”
New York-headquartered Proskauer Rose is set to double its office space in London with a move into the Heron Tower from its current base at 10 Bishops Square.
Following on from the high profile Tchenguiz brothers’ lawsuit against the Serious Fraud Office (SFO) in July this year, Vincent Tchenguiz has filed a further claim, this time for £2.2bn against five parties who allegedly conspired to instigate the failed investigation led by the SFO into the Tchenguiz brothers, Consensus Business Group (CBC) and the Tchenguiz Family Trust (TFT).
With the ill-advised Jack Daniels and coke I had forced on me at the back end of the British Legal Awards still making itself felt, the week is rapidly drawing to a close, so it’s time for The Friday Edit, our informal take on the notable legal events that happened since Monday. For subscriber content, click here for full access to Legal Business or email ‘[email protected]’ for more information.
Continue reading “The Friday Edit: Bear markets, going postal and every little £263m helps”
Leading set Thirty Nine Essex Street has yesterday (26 November) announced a major appointment, with Peter Hurst, former Senior Costs Judge of England and Wales at the Royal Courts of Justice, joining as an arbitrator and mediator.
Pharmaceutical giant GlaxoSmithKline (GSK) is the latest to dip into the dwindling partnership at Edwards Wildman Palmer’s London office as it has emerged that commercial litigation partner, Antonio Suarez-Martinez, is leaving the firm for the corporate’s legal team.
The Legal Services Board (LSB) has today (27 November) published its decision on the Solicitors Regulation Authority (SRA) professional indemnity insurance (PII) application, and has refused a proposed reduction in the minimum level of PII cover from the current level of £2m to £500,000.
Ropes & Gray is set to relocate to 1 New Ludgate, almost double its current office space, on the back of a rising headcount and expanding practice areas.
Four London associates at Weil, Gotshal & Manges have been made up to partner, accounting for a third of the firm’s latest promotions round.
Continue reading “4 out of 12: Weil Gotshal makes London-heavy promotion round”
Watson, Farley & Williams (WFW) has posted an 8% rise in revenues for the first half of 2014/15 with global turnover standing at £56.8m for the half-year ending 31 October 2014, up from £52m for the same period last year.
A major blow has been dealt to Saudi royalty, Prince Abdulaziz Bin Mishal bin Abdulaziz Al Saud, by the Supreme Court today (26 November) after a judgment, handed down by Lord Neuberger, dismissed his appeal to refuse to comply with a personal signature order.
London-based restructuring guru James Roome, who carried a 28-partner team from Bingham McCutchen to Akin Gump Strauss Hauer & Feld this summer, is set to boost the European presence on Akin’s global management committee.
Continue reading “Targeting Europe: James Roome set for a place on Akin Gump’s global board”
The US bonus season, usually led by Cravath Swaine & Moore, has this year seen Simpson Thacher & Bartlett kick-start the process ahead of the traditional schedule, and set a very high bar for the rest of the American elite firms.
