The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Ernst & Young's law firm Tite & Lewis is branching out into private equity work and hiring a partner from Eversheds in London.
`Iain Young has been heading Eversheds' sports law group as well as focusing on private equity work.`He adds a new capability to Tite & Lewis in London, which will have 10 partners when Young arrives and has 60 lawyers in all.`Managing partner Christopher Tite declined to comment on Young's move but said: "We have identified private equity as an important area to develop as part of our corporate finance practice, particularly working alongside Ernst & Young who have an established reputation for their work in that area."`Young also refused to comment on his move, but he is understood to have resigned from Eversheds and is planning to leave the firm on Wednesday (6 June).`Ernst & Young already acts for venture capitalists including 3i in the UK, and has a strong practice representing US private equity houses which are increasingly moving into the UK. Other private equity clients include Bridgepoint Capital, Apax, Candover, Electra and Lloyds TSB.`Tite says: "The thing which we get from our market research is a sense that, although private equity is concentrated in the hands of a relatively small number of firms, clients are beginning to think that they have a limited range of options."`It is understood that Young will take clients with him to Tite & Lewis - a number of private equity funds which include Lion Capital.`A spokesperson for Eversheds confirmed Young's departure.