The Law Society has forecasted the UK legal industry will return to pre-Lehman levels of growth by next year, according to a report published by the regulator yesterday (28 August).
Continue reading “Law Society foresees return to pre-recession growth for industry by 2015”
Property tycoons are preparing to hit UK’s courts over allegations that some of the UK’s leading lenders mis-sold hedging products including those involving LIBOR.
Continue reading “Withers wins roles representing property investors suing banks over swaps”
City firm Travers Smith has lost heavyweight private equity partner Phil Sanderson who is set to join US firm Ropes & Gray.
Baker & McKenzie has become the latest law firm to open a legal services office in Belfast as greater differentiation between high and low value work appears within mandates.
Continue reading “Baker & McKenzie to open legal services outpost in Belfast”
Lateral hires last week have seen Mayer Brown, DLA Piper and Reed Smith make key hires in their US practices, while a Bingham McCutchen partner exits to go in-house.
Continue reading “Revolving doors: US sees spate of lateral hires”
Scottish firm Burness Paull is awarding a 10% bonus to all its eligible employees across the firm’s three offices in Aberdeen, Edinburgh and Glasgow following a strong set of annual results which saw a 20% rise in turnover and a 25% increase in profit.
Clyde & Co has hired Kennedys’ aviation liability and insurance star David Johnston with further lateral hires expected.
Continue reading “Clydes hires Kennedys aviation heavyweight as it builds practice”
As the fallout from the demise of Dewey & LeBoeuf continues, liquidators of the UK arm are assessing paying an interim dividend to unsecured creditors of the City office having finished disbursements to secured and preferential creditors. Continue reading “Dewey liquidators confirm payout while Cobbetts’ payments are postponed”
With Magic Circle firms still vowing to break ground in the US legal market, Manhattan-based corporate partner Matthew Jacobson has left Freshfields Bruckhaus Deringer and joined top-40 US firm King & Spalding while in the Netherlands, well-respected Robert ten Have has joined Rutgers & Posch.
US firms Paul Hastings and Weil, Gotshal & Manges have won lead roles on the OCEAN Holding acquisition of German mortgage bank Düsseldorfer Hypothekenbank, from the US investor Lone Star, in what is the largest German bank takeover since the economic downturn.
Continue reading “Paul Hastings and Weil Gotshal & Manges lead on German bank acquisition”
Magic Circle firms Freshfields Bruckhaus Deringer and Linklaters, alongside some of the leading US firms, have advised on the London Stock Exchange Group (LSEG) rights issue for £938m to help fund a £1.6bn acquisition.
Wachtell, Lipton Rosen & Katz; Skadden Arps Slate Meagher & Flom and Goodwin Procter have taken the lead roles on Bank of America’s $16.6bn settlement with the US Department of Justice (DoJ), federal agencies and six US states.
Weil Gotshal & Manges’ head of European high yield Gil Strauss has become the most recent prominent partner to leave the firm, after several high profile London office exits within the last year, with his decision to re-join Simpson Thacher & Bartlett.
Continue reading “Another partner exit at Weil’s London office”
Alternative business structure (ABS) Quindell has posted a huge revenue increase in the first half of 2014 with its Legal Services Division bringing in £179.6m, 139% up on H1 2013.
Continue reading “Quindell hires new legal chief as legal services division posts huge growth”
Profits at Dechert’s UK LLP dropped 21% from £35m to £27.7m for the 12 months to 31 December 2013, according to filings recently made to Companies House, with total revenue falling to £67.7m from £70.0m.
Continue reading “Accounts for Dechert’s UK LLP show revenues and profit falling”
Having endured a difficult time in recent months with the exodus of multiple partners from its London office, US firm Edwards Wildman has also seen financial challenges in the UK as evidenced by its latest LLP accounts which recorded a 10% drop in turnover to £25.1m from £27.8m, alongside a 21% drop in profit available for discretionary division among members to £7.6m.
Continue reading “Edwards Wildman posts 10% turnover slide in UK with latest LLP accounts”
Following a string of international lateral hires over recent months, Clyde & Co continues to bolster its team in the Middle East with Herbert Smith Freehills (HSF) Islamic finance specialist Adil Hussain joining the firm.
Continue reading “Clydes continues to grow ME practice while Jones Day hires in Singapore”
After a long-running dispute between Clyde & Co and former partner Krista Bates van Winkelhof, the firm has finally settled the whistleblowing case outside of court.
Continue reading “Ex-Clydes partner settles whistleblowing case”
Mishcon de Reya is set to bring all partners into the equity and convert to a limited liability partnership at the end of autumn in 2015, following a vote made by the firm around eight months ago.
Continue reading “Mishcon de Reya set to move to full-equity LLP structure in 2015”
The legacy Squire Sanders practice in the Middle East, a team of 23 lawyers that included five partners, has exited Squire Patton Boggs following the firm’s merger, leaving it with Patton Boggs’ legacy affiliate The Khalid Al-Thebity Law Firm.
Continue reading “Post-merger fallout: Squire Patton Boggs loses 23-strong team in the Middle East”
