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Irwin Mitchell’s outgoing chief executive John Pickering on change in the sector and why it was time to hang up his boots

Announcing his retirement last month, Irwin Mitchell’s longstanding head and current group chief executive John Pickering pointed to ‘the changing legal sector’ and his desire for the firm to have settled long-term senior management.

Speaking to Legal Business, Pickering (pictured), who joined the firm as an articled clerk in 1977 and now plans to pursue non-executive director positions elsewhere, explains his reasoning behind the decision. Continue reading “Irwin Mitchell’s outgoing chief executive John Pickering on change in the sector and why it was time to hang up his boots”

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Guest post: Pfizer’s bid for AstraZeneca – what can the government do?

On April 28, Pfizer announced a possible offer to buy AstraZeneca, presumably having thought an announcement was required by rule 2.2 of the Takeover Code. The result is that, under the relatively new ‘put up or shut up’ rule now embodied in rule 2.5 of the Code, Pfizer has until 5 o’clock on May 26 – the 28th day after its announcement – in which to make a firm offer.

Continue reading “Guest post: Pfizer’s bid for AstraZeneca – what can the government do?”

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Wedlake Bell’s acquisitive streak continues as Christopher Tite and Louise Gowman join from LG; Clive Thorne from RPC

The recent acquisitive streak by Wedlake Bell has seen the UK top 100 firm bring in legacy Lawrence Graham’s (LG’s) former head of corporate Christopher Tite and projects and infrastructure partner Louise Gowman, alongside RPC IP and technology partner Clive Thorne. Continue reading “Wedlake Bell’s acquisitive streak continues as Christopher Tite and Louise Gowman join from LG; Clive Thorne from RPC”

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Asia: CC’s Charlton on high Asian promotion rate; Winston takes on DLA team; BLP enters Indonesia; Wragge LG ends Singapore tie-up

In a fortnight that has so far seen Winston & Strawn hire a four-strong corporate team from DLA Piper in Hong Kong; Berwin Leighton Paisner enter into an association in Indonesia; and Wragge Lawrence Graham end its association in Singapore with PK Wong & Associates, Clifford Chance’s Asia managing partner Peter Charlton also spoke to Legal Business about the firm’s heavy promotion rate in the region. Continue reading “Asia: CC’s Charlton on high Asian promotion rate; Winston takes on DLA team; BLP enters Indonesia; Wragge LG ends Singapore tie-up”

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In-house: Sainsbury’s unveils new panel; Lloyds brings in insurance GC; Ladbrokes promotes deputy to GC role

A trio of significant in-house moves and announcements yesterday (6 May) saw King & Wood Mallesons SJ Berwin and TLT awarded a first-time spot on Sainsbury’s latest panel, as Lloyds Banking Group appointed RSM Tenon’s former group general counsel (GC) Joanne Jolly to lead its insurance group and outgoing Ladbrokes GC Jonathan Adelman handed over the reins to his deputy. Continue reading “In-house: Sainsbury’s unveils new panel; Lloyds brings in insurance GC; Ladbrokes promotes deputy to GC role”

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Bayer’s $14.2bn acquisition from Merck spins out roles for Sullivan, Fried Frank, Morgan Lewis and Cleary

The $14.2bn acquisition of Merck’s consumer care business by German pharmaceutical giant Bayer has spun out roles for a clutch of leading US law firms, as Sullivan & Cromwell advises longstanding client Bayer opposite Fried, Frank, Harris, Shriver & Jacobson; Morgan, Lewis & Bockius; and Cleary Gottlieb Steen & Hamilton for Merck. Continue reading “Bayer’s $14.2bn acquisition from Merck spins out roles for Sullivan, Fried Frank, Morgan Lewis and Cleary”

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Bleak reading for all but the biggest law firms in latest Law Society statistics report

The squeeze on the legal profession is in evidence in the latest annual statistics report from the Law Society, which reveals the first decline for over 20 years in both the number of practising and non-practising solicitors across England and Wales; a decline in all but the largest private practice firms; and a further drop in the number of lawyers making partner. Continue reading “Bleak reading for all but the biggest law firms in latest Law Society statistics report”

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Revolving Doors: White & Case disputes partner joins the Bar as McGuireWoods; Covington and Simmons make key hires

The latest standout lateral moves have seen White & Case litigator Paul Cowen return to the Bar as McGuireWoods expands its City restructuring offering with a hire from DLA Piper, and Covington & Burling and Simmons & Simmons boost their competition groups in Brussels with hires from Clifford Chance (CC) and Olswang respectively. Continue reading “Revolving Doors: White & Case disputes partner joins the Bar as McGuireWoods; Covington and Simmons make key hires”

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Partner promotions: Osborne Clarke makes up five in the UK after Stephenson Harwood promotes City duo

Osborne Clarke (OC) has made up five new partners in its 2014 promotion round across the UK, constituting the firm’s highest-ever UK figures in three years, following Stephenson Harwood’s announcement last week that it has made up just two City associates to partner this year. Continue reading “Partner promotions: Osborne Clarke makes up five in the UK after Stephenson Harwood promotes City duo”

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‘It is now the strain will show on firms’: Gordon Dadds MP talks takeovers and strategy after the fall of Davenport Lyons

After a series of failed merger talks, the surprise takeover of beleaguered West End firm Davenport Lyons by Gordon Dadds is, according to Gordon Dadds’ managing partner Adrian Biles, indicative of the wider strain that firms will start to feel as the recovery kicks in. Continue reading “‘It is now the strain will show on firms’: Gordon Dadds MP talks takeovers and strategy after the fall of Davenport Lyons”

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‘Self-interested’ Law Society stripped of power to appoint SRA chair

Just days after the Legal Services Board (LSB) chairman delivered a scathing speech accusing the Law Society of being entirely self-interested, the representative body has been stripped of its power to appoint the Solicitors Regulation Authority’s new chair, in a move designed to give the regulator greater independence. Continue reading “‘Self-interested’ Law Society stripped of power to appoint SRA chair”