Ahead of its three-way tie-up with CMS Cameron McKenna and Olswang, Nabarro has increased its half-year revenues to £57.5m for the first six months of the 2016/17 financial year, up 2% on the same period last year.
Continue reading “H1 2016/17: Nabarro posts solid financials ahead of 2017 mega merger”
Addleshaw Goddard managing partner John Joyce is to stand for re-election for a second term beginning May 2017, it was revealed at the end of November as partners at the firm voted to acquire HBJ Gateley’s three Scottish offices in Aberdeen, Edinburgh and Glasgow.
Joyce, who was appointed into the role in May 2014 for a three-year term, is hoping to serve another four years as managing partner, following recent changes to the firm’s partnership deed that extended the terms of both managing partner and senior partner by a year.
Continue reading “Joyce stands for re-election as Addleshaw partners vote through Scottish merger”
Dentons has scaled up its Central American ambitions with plans to combine with regional firm Muñoz Global.
The combination, if approved by both partnerships, will give Dentons a presence in Costa Rica, Nicaragua and Panama in early 2017. The global firm will merge with 53-lawyer Muñoz Global, a firm newly-created by Arias & Muñoz founders José Antonio Muñoz and Pedro Muñoz, who have split away from their former firm which will contrive to operate as Arias in El Salvador, Guatemala and Honduras.
Continue reading “Dentons cracks Central America as key local player Muñoz Global joins network”
PARTNERSHIPS AT RISK IN AUTUMN STATEMENT
Chancellor Philip Hammond signalled a change to partnership taxation in November’s Autumn Statement, which is expected to impact law firm pay. Hammond said he will shake up profit-sharing arrangements, and according to UHY Hacker Young tax partner Roy Maugham, the government will propose that partnerships must decide their profit-sharing arrangements at the beginning of the tax year rather than at the end, regardless of how individuals perform.
‘There is a pause in the activities firms like ours service. The question is, for what? Business may get used to a continuum of uncertainty.’
Steve Cooke, Slaughter and May
After a year of mergers, Brexit, and Trump, law firm leaders reflect on the 12 months gone by and size up the year ahead
A COMPLETE WORLD
‘The world has become more complex, and clients are looking for advisers who can cut through the red tape and help them navigate the choppy waters. That’s our sweet spot – the harder a deal becomes the more we feel at home.’
Charlie Jacobs, senior partner, Linklaters Continue reading “The last word: 2017 – the year ahead”
Addleshaw Goddard has finally voted through a Scottish merger, with managing partner John Joyce getting enough partner votes needed to approve a union with HBJ Gateley last Tuesday, ahead of the ballot closing today (28 November).
Irwin Mitchell‘s first LLP accounts since the acquisition of Thomas Eggar in December last year show the firm’s profit on ordinary activities has dropped by 59% to £8.4m from £20.6m.
Nabarro has increased its Middle East fee income to around AED 7m (£1.65m) for 2015/16 in the firm’s loss-making Dubai office. Continue reading “Nabarro boosts Middle East fee income as office prepares for Camerons merger”
Pity the poor pundit obliged to come up with an opinion on the obtusely-forged union of CMS Cameron McKenna, Nabarro and Olswang. Despite representing one of the largest legal mergers in the UK, taking a view on the tie-up, good, bad or indifferent is challenging, not least because the trio have so far been strikingly gnomic over the whole thing.
The union combines three brands with impressive industry credentials across real estate, media, technology, financial services, energy and life sciences. That is a lot of sector to focus but in those areas, these outfits carry potency.
Continue reading “Camerons’ double merger adds up but will it multiply?”
Coming off the back of a 2015 that saw a more robust deal market and greater levels of activity in the real estate sector, the 2016 edition of The Legal 500 UK reflects a legal market which has not experienced this level of growth since 2008. Our coverage of the UK regions illustrates the divergent approaches firms have taken to achieve that growth. Firms with a broad national reach sit hand-in-hand with advisers that have chosen to focus on a single-site approach in many areas.
Continue reading “The Legal 500 view: Consolidation and risk define UK legal market”
