UK legal services regulation ‘steals a competitive march’ as Jacoby & Meyers launches European venture

UK legal services regulation ‘steals a competitive march’ as Jacoby & Meyers launches European venture

Jacoby & Meyers is to establish a new joint venture in the UK as the major US consumer law firm says the UK’s external funding and ownership regulation has ‘stolen a competitive march from the other key legal jurisdictions, including the U.S’ that will see Jacoby now focus much of its growth in London.

The joint venture with City-based private equity and corporate law firm MJ Hudson – founded by heavyweight ex-Proskauer Rose London head and former SJ Berwin partner Matthew Hudson – is called Jacoby & Meyers Europe and the group is likely to seek Alternative Business Structure (ABS) status in the UK, allowing it to attract non-lawyer equity ownership and funding. Continue reading “UK legal services regulation ‘steals a competitive march’ as Jacoby & Meyers launches European venture”

DLA and Simmons promote fewer partners as firms continue to favour Europe

DLA and Simmons promote fewer partners as firms continue to favour Europe

DLA Piper and Simmons & Simmons are among the latest UK firms to announce a reduced number of partnership promotions, appointing 34 and seven lawyers respectively, down from 58 and 10 in 2012.

DLA’s appointments came largely across its US offices, where 19 lawyers were made up to the partnership, with a further seven in continental Europe, four in the UK and four in Australia.

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Clifford Chance partner takes up governance role at Deutsche Bank

Clifford Chance partner takes up governance role at Deutsche Bank

Deutsche Bank today (17 April) announced the appointment of Clifford Chance partner Daniela Weber-Rey as chief governance officer and deputy global head compliance in its Frankfurt office.

Weber-Rey, who is a long-serving corporate partner at Clifford Chance, will join Europe’s biggest bank by assets in June, overseeing corporate governance globally and acting as adviser to the management board on the governance structures and processes of the bank.

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Landmark three-way merger aims to end Dentons’ Europe woes

At press time, partners at SNR Denton, Salans and Canadian firm Fraser Milner Casgrain (FMC) were poised to vote through a $1bn, three-way merger using a Swiss Verein model.

A source within SNR Denton said that the union was basically a ‘done deal’ with partners from all firms having met on 13 November to review the business plan behind the proposed merger. SNR Denton and Salans have been in talks for a while and have refused to comment on merger speculation. The addition of FMC to the union emerged in November. Continue reading “Landmark three-way merger aims to end Dentons’ Europe woes”

Germany: Unsung heroes

Germany: Unsung heroes

Europe has been ravaged by the debt crisis and Germany has been far from immune, but the resilience of one segment of the economy is a boon to domestic law firms. Meet the Mittelstand

Germany’s hidden champions are keeping its law firms in the pink. While European law firms continue to feel the effects of the prolonged hangover caused by the eurozone crisis and general economic malaise, a number of German domestic law firms are seeing work pour in from German family-owned, small-to-medium sized businesses, the so-called Mittelstand.

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Corporate review – Welcome back to the new normal

Corporate review – Welcome back to the new normal

The overall success of M&A in 2012 hinges on the eurozone but there is much to be positive about, you just have to be prepared for a scrap

Confidence is a funny thing. During the first eight working days of this year, there was a sense that 2012 was going to be different. Deals had to be done, investors had to get their hands out of their pockets. Renewed optimism or even hope seemed to be a welcome antidote to the relentless doom and gloom that dominated the media for much of 2011. But then on Friday the 13th of January, talks collapsed over the restructuring of the Greek government’s debt and the ratings agency Standard & Poor’s downgraded the debt of nine eurozone countries, including France. The new-year optimism vanished overnight.

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Austria part 2 – competitive spirit

Austria part 2 – competitive spirit

Austria’s competition authority is one of the smallest enforcers in Europe, but recently it hasn’t shied away from taking on tough cases against major companies

What do beer, sugar, lifts, freight forwarders and plumbers all have in common? They were all industries subject to big cartel cases in Austria in the past few years. The once-sleepy Bundeswettbewerbsbehorde, or Austrian Federal Cartel Authority (FCA), has displayed new bite: it’s taken on several big new investigations against major companies and is keen to issue some hefty fines. It has caused consternation in the market with its tough new approach, knocking on the doors of major corporates in dawn raids, and has even started issuing press releases while cases are ongoing. All of this has meant an interesting, and very busy, few years for Austria’s select band of specialist cartel lawyers.

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Italy 2.0

Italy 2.0

The Italian legal market has modernised over the past decade as local firms have reacted to greater client demands and the influx of foreign practices. Now there’s greater pressure on fees and billing arrangements

Over the past decade the Italian legal market has gradually been modernising, entering its own 2.0 era. Firms have taken a more business-focused approach to how they run their firms. Italian lawyers who traditionally prided themselves on their ability to advise on a wide range of areas have become more specialised. Continue reading “Italy 2.0”