Top 30 LB100 firm Nabarro has today (6 March) confirmed that French firm August & Debouzy has left its European alliance, which also includes Germany’s GSK Stockmann + Kollegen, Italian firm Nunziante Magrone and Spanish firm Roca Junyent.
Following a seven-month period in which its year-end profitability rose significantly but its half-year revenue was flat, top 30 LB100 firm Nabarro today (6 January) filed its limited liability partnership (LLP) accounts for the 2012/13 year, unveiling a 31% pay increase for its top fee-earner and a 13% drop in partner numbers.
The firm’s LLP accounts filed at Companies House show that the highest pay taken home by a member for the year was £635,000; up from £486,000 in the 2011/12 financial year. Continue reading “LLP filings 2012/13 – Nabarro’s highest earner sees pay increased by 31%”
Nabarro has posted flat half year (H1) revenues for the 2013/14 year, with figures rising by a marginal 0.3% from £52.3m to £52.5m, the firm announced yesterday (4 December).
Speaking to Legal Business, senior partner Graham Stedman (pictured) attributed the static results to a ‘quiet August and September’ but noted the firm has experienced a ‘pickup in real estate and corporate.’
He added: ‘As you come out of recession, although the market is still challenging, you would expect the non-contentious parts of the firm to pick up and that’s what we’re seeing now.
Nabarro is to open an office in Dubai early next year following the Dubai government’s granting of a licence to the firm, in what will become its third international office.
Announced today (21 November), the new office will be led by construction and engineering head Terry Fleet, a former in-house lawyer at Costain, Babcock International and Trafalgar House (Cementation International). Further team members at partner and associate level will be added around the time of the launch.
Unsurprisingly, what little major real estate work that is around has found its way to the usual trio of law firms – Berwin Leighton Paisner, Hogan Lovells and Nabarro. And while the usual suspects continued to do what they do best, 2012 Legal Business real estate team of the year, Mishcon de Reya, has strengthened its team with a key lateral hire.
Hogan Lovells is representing fellow international firm CMS Cameron McKenna over plans to move its entire London operation to the newly developed Cannon Place site above Cannon Street station, where it has agreed to take a 25-year lease, when it vacates its existing premises at Mitre House in 2015. The scheme is a joint venture between international real estate firm Hines and Network Rail. Continue reading “Real estate round up: Hogan Lovells, BLP and Nabarro show credentials while Mishcons makes key hire”
Europe and particularly the UK has thrown up a number of high profile mandates from the nationally significant restructuring of UK Coal through to the solid £500m private equity buyout of Chesapeake by the Carlyle Group.
Nabarro has led for UK Coal on the corporate, insolvency and pension elements of a second restructuring following a devastating fire at the company’s Daw Mill in February. The company accounts for 5% of the UK’s energy needs and as a result of the restructuring over 2,000 jobs and the pensions of 7,000 members have been protected. Continue reading “Deal Watch: Slaughters, Dentons, Taylor Wessing and Nabarro act on high profile European deals”
Nabarro has defended its decision to freeze the salaries of its trainees, newly-qualified (NQ) lawyers and those with one to two years post-qualification experience (PQE), promising that those who shine at any level will receive a 5% increase on their salary and benefit from the firm’s generous bonus scheme. Continue reading “Nabarro points to bonus and high performance uplift as it freezes junior lawyers pay”
Nabarro’s profit per equity partner (PEP) has risen by 30% over the past financial year, figures released by the firm today (13 June) reveal.
Preliminary figures show the firm’s net profits increased by 11% from 2012-13, while PEP has risen from £332,000 to £430,000 during the same period.
The firm’s annual turnover is up by 2.6% from £113.4m in 2011/12 to £116.3m in 2012/13. Continue reading “Nabarro’s PEP up by 30% as firm posts modest growth in revenue”
Deal Watch: Nabarro and Ashurst act on sale of LSE HQ as King & Spalding secures repeat European M&A for GSK
Ashurst and Nabarro‘s real estate teams have secured a role on the sale of another landmark London building, while King & Spalding has furthered its transatlantic ambitions by closing a sizeable European M&A pharma deal.
In the £225m sale of 10 Paternoster Square, home of the London Stock Exchange (LSE), Nabarro advised the seller, Tokyo-headquartered Mitsubishi Estate Company (MEC), led by rated real estate partner Deborah Parry. Continue reading “Deal Watch: Nabarro and Ashurst act on sale of LSE HQ as King & Spalding secures repeat European M&A for GSK”
Nabarro has promoted eight lawyers to its partnership, with the majority of appointments in the firm’s City office.
The promotions, effective from 1 May, are split across the construction, real estate, tax, corporate and disputes practices.
Five London lawyers were promoted in this latest round, namely construction lawyer Alistair McGrigor, real estate specialist Chris Oakley, tax lawyer Kirsten Prichard Jones, disputes associate Andrew Taplin and real estate disputes lawyer Nick Wood.