Berwin Leighton Paisner (BLP) has lost another two City banking partners, with real estate finance duo Andrew Flemming and Jo Solomon set to join top 10 LB100 firm Hogan Lovells. Continue reading “Further BLP banking departures as real estate finance duo set to join Hogan Lovells”
Burges Salmon’s head of corporate takes the National Express’ top legal role
National Express has appointed Burges Salmon’s head of corporate and financial institutions Sandra Forbes as group general counsel and company secretary, becoming the second partner at the Bristol firm to leave for a major transport role in the last few months. Continue reading “Burges Salmon’s head of corporate takes the National Express’ top legal role”
Clyde & Co alleged whistleblower case to see Supreme Court decide if partners are afforded protection
The Supreme Court will next week preside over a precedent-setting case to decide if partners of limited liability partnerships (LLPs) are entitled to whistle blower protection, following a claim brought by former Clyde & Co partner Krista Bates van Winkelhof. Continue reading “Clyde & Co alleged whistleblower case to see Supreme Court decide if partners are afforded protection”
CMS and Dundas to cut up to 60 jobs ahead of May merger
CMS Cameron McKenna and Dundas & Wilson have placed 60 support staff roles at risk following the duo’s recently announced union. Continue reading “CMS and Dundas to cut up to 60 jobs ahead of May merger”
End of the lawyer glut? Latest stats show fall of 3,000 working solicitors amid profession in flux
With the impact of the latest cuts to legal aid yet to bite, the number of practising solicitors in the UK in 2014 was revised down by 3,189 between January and February 2014, according to the latest figures from the Solicitors Regulation Authority (SRA). Continue reading “End of the lawyer glut? Latest stats show fall of 3,000 working solicitors amid profession in flux”
Stewarts Law moves to rebuild fledgling employment practice with senior Dentons hire after early setback
Litigation boutique Stewarts Law has moved to rebuild its employment capability with the hire of longstanding Dentons employment partner Richard Nicolle, who joined the firm last week. Continue reading “Stewarts Law moves to rebuild fledgling employment practice with senior Dentons hire after early setback”
A budget for retiring partners and firms moving offices, but disappointing news for LLPs
The long-trailed 2014 budget yesterday (19 March) brought few surprises to the legal business community, although nonetheless some disappointment, as it confirmed that changes to the way limited liability partnerships (LLPs) are taxed will be pushed through in April. Continue reading “A budget for retiring partners and firms moving offices, but disappointing news for LLPs”
Due south: Blake Lapthorn and Morgan Cole announce July merger
While talks of the giant south-east combination between Blake Lapthorn, Boyes Turner and Morgan Cole to create a £100m firm fell through late last year with Boyes Turner withdrawing, Blake Lapthorn and Morgan Cole have announced the two will merge on 1 July to form Blake Morgan, a 120-partner firm with a joint revenue of £72m.
Continue reading “Due south: Blake Lapthorn and Morgan Cole announce July merger”
With an external legal spend in excess of $1bn since 2010, BP launches panel review
Energy giant BP, which has paid around $1bn in external legal fees in relation to the Gulf of Mexico oil spill in 2010, has announced a review of its UK law firm adviser line-up. Continue reading “With an external legal spend in excess of $1bn since 2010, BP launches panel review”
Regions cash in on corporate spike as Wragges sells NEC and DLA Piper floats Manchester’s Boohoo
Two multi-million pound regional deals have been announced in the past week, as Wragge & Co advises Birmingham City Council on the sale of the iconic National Exhibition Centre (NEC) for around £300m and DLA Piper’s Manchester office leads on the £560m float of local success story Boohoo.com. Continue reading “Regions cash in on corporate spike as Wragges sells NEC and DLA Piper floats Manchester’s Boohoo”
Olswang brings in ex-Linklaters Paris TMT head in further hire on the Continent
Olswang has made a further senior TMT lateral on the Continent, boosting its Brussels and Paris practices with the hire of former Linklaters TMT head Sylvie Rousseau. Continue reading “Olswang brings in ex-Linklaters Paris TMT head in further hire on the Continent”
Bakers bolsters City financial services and regulatory capability with hire of RPC team head Steven Francis
Boasting an extensive international network to push its financial services credibility, Baker & McKenzie is also extending its links with industry regulators with its latest City hire of RPC’s head of financial services and regulatory (FSR) group Steven Francis. Continue reading “Bakers bolsters City financial services and regulatory capability with hire of RPC team head Steven Francis”
Partner promotions: Slaughters bucks trend to make up seven London partners
While partnership promotions among the City elite have generally been on the wane in recent years, Slaughter and May has today (19 March) announced the promotion of seven lawyers to its partnership in London, a significant increase on the previous two years which saw only two partners made up. Continue reading “Partner promotions: Slaughters bucks trend to make up seven London partners”
Bonus time: four months on, Barclays GC Hoyt gets £700k in shares in reduced round of payouts
He may have only replaced Mark Harding late last year but Barclays‘ recently appointed group general counsel Bob Hoyt has been awarded more than £700,000 in shares just four months into the role.
‘A good time to take over’: Stephenson Harwood appoints new head of corporate as H1 revenues up by 17%
With Stephenson Harwood’s chief executive Sharon White this month reappointed for a further three-year term, the high profile transactional lawyer has relinquished her dual role as head of corporate to Andrew Edge, who concedes that ‘it is a good time to take over’, with the department’s revenues up by 17% in the first half of the 2013/14 financial year. Continue reading “‘A good time to take over’: Stephenson Harwood appoints new head of corporate as H1 revenues up by 17%”
Adviser reviews: Irwin Mitchell replaced by Shakespeares on National Grid’s UK panel after review
Top 30 LB100 firm Irwin Mitchell has lost its place on energy giant National Grid’s legal panel, following a review by UK general counsel and company secretary Karen Clayton. Continue reading “Adviser reviews: Irwin Mitchell replaced by Shakespeares on National Grid’s UK panel after review”
IPO Fever: Just Eat float gifts Herbert Smith Freehills and Linklaters with £700m listing
With Pets at Home and Poundland having only days ago made their London Stock Exchange debut, Just Eat yesterday (17 March) announced its intention to float, gifting Herbert Smith Freehills (HSF) and Linklaters with a high profile corporate mandate valued at between £700m to £900m. Continue reading “IPO Fever: Just Eat float gifts Herbert Smith Freehills and Linklaters with £700m listing”
Oil and gas: Slaughters, Linklaters and Hengeler act on €5.1bn sale of RWE Dea
With large deals in the oil and gas sector still often struggling to get away, RWE’s €5.1bn sale of its upstream oil and gas business RWE Dea to Russian billionaires Mikhail Fridman and German Khan has gifted Slaughter and May, Hengeler Mueller and Linklaters with major corporate mandates, as the deal is already touted to be one of the most significant of the year. Continue reading “Oil and gas: Slaughters, Linklaters and Hengeler act on €5.1bn sale of RWE Dea”
Comment: The road to equity – a difficult journey, an uncertain destination
The legal profession is going through a period of dramatic and profound change, and the forces driving these changes are having far-reaching consequences on the industry. The roles and responsibilities of the equity partner are not immune from these forces, and are evolving and expanding in response. For many this is creating great ambiguity, while others are seizing the opportunity. Continue reading “Comment: The road to equity – a difficult journey, an uncertain destination”
Asia moves: Hires for BLP, Milbank and Rajah & Tann as Harneys launches in Singapore
Ever active, the legal market in Asia has seen a number of high profile hires and losses over the past week, including Norton Rose Fulbright asset finance partner Nigel Ward’s move to Berwin Leighton Paisner (BLP), Milbank, Tweed, Hadley and McCloy’s hire in Singapore of Stephenson Harwood’s global head of aviation Paul Ng, and offshore firm Harneys Westwood & Riegels expansion into Singapore. Continue reading “Asia moves: Hires for BLP, Milbank and Rajah & Tann as Harneys launches in Singapore”