In a bid to keep pace with high-paying US rivals, Clifford Chance (CC) has voted through another round of changes to its remuneration, introducing more flexibility to pay top billers. Continue reading “‘A more complex approach’: CC votes through more lockstep reform to fend off mounting US threat”
Former King & Wood Mallesons (KWM) partners who took out personal loans from Barclays for their capital contributions have received payment ultimatums as the bank is demanding repayment by the end of April. Continue reading “Barclays deadline looms for KWM partners who took personal loans for capital”
Linklaters has undertaken a review of equity points in its finance practice, as banking groups continue to move toward sponsors and away from traditional lenders.
Continue reading “‘Needed a degree of reinvigoration’ – Linklaters reviews banking equity points”
Linklaters has undertaken a review of equity points in its finance practice, as banking groups continue to move toward sponsors and away from traditional lenders.
Continue reading “‘Needed a degree of reinvigoration’ – Linklaters reviews banking equity points”
KWM China buys reassurance by taking SJ Berwin name
An initial report into the financial affairs of King & Wood Mallesons’ (KWM) now defunct European arm estimates that unsecured creditors are set to lose £33.5m as the firm’s inner financial workings begin to surface.
Continue reading “Unsecured creditors to lose almost £34m as KWM Europe admin continues”
According to CBRE’s fifth Law in London report, the largest 100 firms in the City have made ‘significant changes’ to their real estate over the last five years, notably through a decrease in space per fee earner. Continue reading “‘Times have moved on’: City firms shrink office space as new leases down 50%”
The inner financial workings of King & Wood Mallesons‘ (KWM) failed European arm have become evident in the joint administrators’ proposals report, issued last week. Continue reading “KWM admin: Quantuma to bill £1.3m as pensions, business rates experts assess payments”
An initial report into King & Wood Mallesons‘ now defunct European arm states unsecured creditors are expected to lose £33.5m as administrators Quantuma continue to sift through the affairs of legacy SJ Berwin. Continue reading “Barclays among unsecured creditors set to lose £33.5m in KWM Europe administration”
The collapse of KWM, cyber threats and Brexit have all come together to cause unease among City law firms. Our annual risk survey asks if risk managers can help avoid a domino effect.
There is little debate about what is dominating discussion among law firm managers right now. Not article 50 and not Donald Trump’s latest whim. The subject gripping law firm risk for our tenth annual risk management survey with broker Marsh is the events leading up to 4.40pm on 17 January 2017 – the moment the European and Middle East operation of King & Wood Mallesons (KWM) went into administration. Continue reading “All fall down? – The 2017 Risk Survey”
Allen & Overy (A&O) has broken lockstep again for a New York finance team hired last week, about six months after it used its rejigged remuneration system to bring in a four partner leveraged finance team. Continue reading “‘We can compete’: A&O breaks lockstep again for new Manhattan finance team”
