The Spanish legal market grew by 11 per cent during 2008, but the economic downturn has slowed its growth, which stood at 16 per cent in 2007. Juan Carlos Machuca Relatively high rates of growth were experienced at the largest Spanish firm Garrigues, which increased turnover by 15 per cent, from e258.6m (£223.4m) in 2007 […]
Russian firm Pepeliaev Goltsblat & Partners (PGP) has overhauled its partnership system in the wake of the departure of joint managing partner Andrei Goltsblat and a team of 70 lawyers to Berwin Leighton Paisner (BLP). Sergei Pepeliaev PGP had just two equity partners – Goltsblat and current managing partner Sergei Pepeliaev. But earlier this […]
Every economic downturn leads to some businesses falling off the radar while others will find innovative ways to eclipse their rivals. Offshore firms are no different – as Appleby has demonstrated in the last month by overtaking Maples & Calder to become the world’s largest offshore firm in terms of partnership size and number of […]
His £22m bill attracted all the wrong headlines, but Charles Randell has kept his cool. By Catrin Griffiths Charles Randell Over the past year Charles Randell has undone the work of his youth. The Slaughter and May partner advised HM Treasury on a series of deals to stabilise the entire financial system. In the […]
Baker & McKenzie and Sullivan & Cromwell have won lead roles on Rio Tinto’s $1.2bn (£740m) sale of its US packaging business. Bakers is advising the buyer, US packaging company Bemis, on the cash and shares bid for Alcan Packaging Food Americas. Rio Tinto acquired the packaging business following its £16.75bn takeover of Alcan in 2007, a […]
Skanska has turned to Addleshaw Goddard rather than long-term adviser Ashurst to assist on its first-ever move into a burgeoning area of UK PFI work. Ashurst advised the Swedish-headquartered construction company on a number of major deals, including the £6.2bn M25 project. But Skanska has instructed Addleshaws partner Richard Guit to advise on the £74m Surrey streetlighting […]
Travers Smith is understood to be advising on Bridgepoint Capital’s float of retailer Pets at Home. Longstanding Travers client Bridgepoint is thought to be discussing the deal with the silver circle firm. Relationship partner David Innes is expected to lead a team from the firm on the transaction. Travers has advised the private equity house on a […]
A number of UK firms are lining up places on Vodafone’s potential £2bn bid for T-Mobile UK, with Allen & Overy (A&O), Clifford Chance and Linklaters the names most clearly in the frame. Simon Rendell Both mobile companies have declined to comment on increasing market speculation about a possible merger, but Linklaters has had […]
Dewey & LeBoeuf has been on a mammoth recruitment drive. Fred Gander Last week the firm’s Silicon Valley office hired a corporate team from Cooley Godward Kronish led by partner Richard Climan. It also snared banking partner Marshall Stoddard from Mayer Brown to lead its US banking team. Last week’s recruitment frenzy follows an exciting few months […]
Bingham might be seen as McKee’s saviour, but is nevertheless gaining a valuable asset Jay Zimmerman In December last year McKee Nelson chief executive Reed Auerbach outlined plans to diversify the firm from its traditional roots. The hope was for a period of transformation brought about by the financial meltdown in its core area of […]
Foot Anstey Solicitors is the largest firm in the Cornwall, Devon and Somerset region. It is also on the cusp of breaking into The Lawyer UK200 Annual Report. John Westwell Last year turnover at the firm rose by 4 per cent, from £19.4m to £20.1m, although average profit fell, largely as a result of […]
West End firm Manches posted an 8 per cent drop in average profit per equity partner (PEP) last year, an unexpectedly strong performance for a firm so dominated by property. PEP fell from £227,000 to £209,000, while total revenue was all but flat, dropping from £34.4m to £34.1m. Manches was forced to lay off 10 […]