Barry Devereux, managing partner of Irish leader McCann FitzGerald, is not letting the bad Irish weather dampen his spirits. ‘The Irish market is buoyant and there are a lot of things going on. The economy is growing, markets are good and debt is relatively inexpensive. The climate is good for deal-making. Brexit is the reality, but it will undoubtedly provide opportunities across the financial services market in Dublin. It has given a fillip to the market in terms of the interest in real estate, and people looking for accommodation and office space. Dublin is doing very well.’
Dublin’s legal market continues to boom. The impact of Brexit undoubtedly dented the transactional market in the last six months of 2016, but the shock has, for the most part, subsided and many practice areas are busy. Real estate has enjoyed a particular resurgence after the painful post-bailout year, while corporate and finance lawyers are always in high demand. But the Irish market is also enjoying a boom in more niche areas, including data protection and intellectual property, particularly with the incoming General Data Protection Regulation (GDPR) and legal works in the fields of fintech, regulatory investigations and online gaming. Continue reading “Emerald Ambitions”
Former Clifford Chance(CC) Germany private equity (PE) head, Christopher Kellett, who retired from the firm’s partnership in April, is understood to be joining Linklaters’ Frankfurt office as the firm strengthens its capabilities.
Kellett joined CC in 1996. The firm appointed him head of PE in Germany in 2015. Continue reading “Linklaters strengthens German private equity arm with former Clifford Chance heavyweight”
The government department for exiting the European Union (DExEU) has spent £3.7m in legal costs since it was set up last summer, the most significant area of expenditure for DExEU after overall staff costs of £14m.
A government report published on Wednesday (19 July) revealed that DExEU cost taxpayers £1.2m in legal fees for the cases brought against the government, including that on triggering of Article 50, which formally started the UK’s withdrawal process from the European Union (EU). Continue reading “Brexit government department spent £3.7m in legal costs in year since EU referendum”
London’s top firms have been quietly retrenching for years in mainland Europe. As Brexit looms, where has that left the Magic Circle?
‘Welcome to Europe, the haven of legal certainty,’ quips Burkhart Goebel, Hogan Lovells’ managing partner for continental Europe. Continue reading “The Global 100: The European question – Have years of cuts left the Magic Circle exposed as Brexit looms?”
CMS Cameron McKenna Nabarro Olswang has continued to expand by opening its Monaco office through a combination with Pasquier Ciulla & Marquet Avocats (PCM), the firm’s first global practice launch since the UK tripartite merger went live on 1 May.
Continue reading “CMS launches Monaco office with local merger to service international investors”
With a core base of demanding clients facing an uncertain future, insurance specialist Kennedys will be relieved to have posted 8% revenue growth for the 2016/17 period, up from £138.8m to £149.9m.
Continue reading “Financials 2016/17: Kennedys posts 8% growth as expansive insurance player builds Euro business”
In a series of banking, finance and tax appointments across the globe, international firms are hiring to boost their financial capacities.
Continue reading “Revolving doors: Brown Rudnick hires in UK, Hogan Lovells bolsters Madrid, Ashurst adds to Paris, HSF boosts Moscow”
Ashurst’s hopes of stabilising its European practice have been dealt a body blow with Gibson, Dunn & Crutcher today (8 June) recruiting a four-partner team from its Paris arm. The move – which comes just months after a five-partner corporate team quit Ashurst’s Paris outpost for Freshfields Bruckhaus Deringer – sees a team led by litigation and restructuring partner Jean-Pierre Farges decamp to the US-based giant.
Continue reading “Gibson deals body blow to Ashurst’s European business as four-partner Paris team quits”
In a week of European-focused lateral hires, firms have expanded their German ranks. Dechert hired in Frankfurt, Watson Farley & Williams in Hamburg, and McDermott Will and Emery in Dusseldorf.
Continue reading “Revolving doors: Dechert hires in Frankfurt, Watson Farley in Hamburg, McDermott in Dusseldorf”
PINSENTS LAUNCHES IN MADRID
Pinsent Masons has launched in Madrid, the firm’s third international office in less than a year. The new office comprises six partners, four from local Madrid firm Ramón y Cajal Abogados. The firm has also hired from contractor OHL and promoted a Pinsents associate to partner.
Continue reading “News in brief – May 2017”