Top 40 firm Osborne Clarke has suffered the double exit of telecoms head Angus Finnegan to Reed Smith and technology head Mark Webber to Fieldfisher.
Finnegan joins Reed Smith’s media and technology (MT) practice in London, becoming the group’s thirteenth partner in the capital. Continue reading “Double exit for Osborne Clarke as telecoms chief leaves for Reed Smith and technology head to Fieldfisher”
Clifford Chance (CC) has drawn a line under last year’s disappointing financials, unveiling its highest-ever financial results, with revenue up 7% to £1.36bn while profit per equity partner (PEP) leapt by 16% to £1.14m. Continue reading “Financial results 2013/14: Clifford Chance unveils highest-ever results as turnover up to £1.36bn and PEP £1.14m”
Brown Rudnick has hired technology and intellectual property (IP) head Alex Carter-Silk from Speechly Bircham to lead its European IP practice in London. Continue reading “Brown Rudnick hires Speechly’s European IP head into equivalent City role”
One of the interesting sub-plots of the Big Law vs New Law debate is the way in which workers (partners and their equivalents, salaried partners, employees) are motivated.
Herbert Smith Freehills’ (HSF’s) Manhattan office has capitalised on the US revolving door with the hire of John O’Donnell, a former assistant US attorney and branch chief in the Securities and Exchange Commission’s enforcement unit, who joins to boost the top 10 UK firm’s New York investigations division. Continue reading “Herbert Smith Freehills boosts US investigations with hire of former assistant attorney and SEC chief John O’Donnell”
Travers Smith has overhauled the management of its private equity, financial services & markets, real estate, and banking and corporate recovery departments as longstanding partners Phil Sanderson, Margaret Chamberlain, Julian Bass and Jeremy Walsh step down. Continue reading “Management overhaul at Travers Smith with appointment of four new department heads”
Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system of ‘preferred’ and ‘approved’ firms. Continue reading “Barclays cuts legal roster by 30% in global panel review as American firms find success”
Top-30 LB100 firm Nabarro is the latest to unveil its 2013/14 financials, with annual turnover broadly flat at £116.7m, a rise of 0.3%, while profit per equity partner (PEP) is expected to rise 10.5% to £475,000, constituting a double digit increase for the second successive year.
Continue reading “Financial results 2013/14: Nabarro posts static revenues while PEP jumps 10.5%”
Olswang’s head of real estate finance Eleni Skordaki has quit the firm after nearly ten years to join Dechert’s City finance and real estate group.
Skordaki specialises in advising banks in real estate financings and restructurings. Continue reading “Olswang’s head of real estate finance quits for Dechert”
The second of the Magic Circle firms to disclose its 2013/14 financial results, Allen & Overy (A&O) has reported an increase in profit per equity partner (PEP) of 7% to £1.12m from £1.05m, with global revenues up by a more conservative 2% to £1.23bn. Continue reading “Financial results 2013/14: A&O’s PEP up by 7% to £1.12m as turnover rises 2% to £1.23bn”
The GC Power List Summer Reception was held on the evening of 11 June, with RPC as lead sponsor. The event comprised a relaxed debate chaired by veteran City columnist Anthony Hilton followed by an evening of food and drink at the renowned private members’ club at The Ivy. The debate included senior lawyers sharing their experiences from companies including Land Securities, ITV, Royal Bank of Scotland, Shire and Vodafone.
Norton Rose Fulbright (NRF) has hired CMS Cameron McKenna banking and finance partner Nigel Dickinson to its debt capital markets team. Continue reading “Norton Rose Fulbright hires CMS Cameron McKenna DCM partner”
The Law Society has asked the Metropolitan Police to investigate Wonga after it emerged that the UK’s biggest payday lender had sent letters to customers in arrears from non-existent law firms, threatening legal action. Continue reading “Law Society asks Met Police to investigate Wonga for fake solicitor letters”
Squire Patton Boggs has made its first UK partner hire since the May announcement that Squire Sanders would unite with Patton Boggs, recruiting former Dundas & Wilson partner Andrew Walker to head its burgeoning UK real estate litigation team. Continue reading “Squire Patton Boggs brings in former Dundas partner to head UK real estate litigation team”
RPC is in talks with a potential breakaway group of Edwards Wildman City partners – made up of corporate partners Niall McAlister, Eero Rautalahti, Stuart Blythe, and insurance and reinsurance partner David Kendall – alongside California-headquartered Cooley and top 55 Global 100 US firm Foley & Lardner. Continue reading “RPC in talks with breakaway Edwards Wildman partners alongside Cooley and Foley & Lardner”
In the annual eye-watering reminder of just how large Baker & McKenzie really is, the top ten LB100 firm this week made up 65 new partners across 22 countries in its worldwide promotions round, including four in the City, bringing the partnership to 1,480. Withers, meanwhile, maintained last year’s tally of seven, with just one in London and six internationally. Continue reading “Partner promotions: Baker & McKenzie makes up 65, Withers 7”
Bird & Bird has signed strategic cooperation agreements with two Indonesian law firms, intellectual property specialists K&K Advocates and business law firm Nurjadin Sumono Mulyadi & Partners (NSMP). Continue reading “Bird & Bird secures dual Indonesia tie-up in continued Asia push”
I call it the hollow middle, but Knowledge@Wharton prefers ‘disappearing middle.’ Here’s what, writing in their pages, the CEO of the Cambridge Group, identified as ‘a growth strategy consulting firm that is part of Nielsen,’ has to say about it. Continue reading “Guest post: The hollow middle since 2008”
Following the departure of Deutsche Bank’s compliance and regulatory affairs chief Andrew Procter to Herbert Smith Freehills (HSF) in March, the investment bank has hired Banque de France’s Sylvie Matherat as its new global head of regulatory affairs, taking over some of Procter’s former responsibilities. Continue reading “Deutsche Bank appoints new global head of regulatory affairs”
Wonga, the UK’s biggest payday lender, has entered an agreement with the Financial Conduct Authority (FCA) which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices. Continue reading “Wonga to pay £2.6m for ‘unfair and misleading’ debt collection practices”
