The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Freshfields Bruckhaus Deringer has launched a global investigations practice in an effort to respond to the increasing risk to clients from cross-border regulatory investigations.
The practice will be led by dispute resolution partners Geoff Nicholas in London and Adam Siegel in New York and will involve more than 60 partners in 13 jurisdictions.
Freshfields’ cross-border team will help clients tackle issues including accounting, anti-trust, bribery and corruption, financial reporting, and market manipulation.
Nicholas said that the move was driven by what the firm saw as the increasing prevalence and complexity of multi-jurisdictional regulation.
“It recognises a real trend in risk management for our clients,” he commented. “What clients need in each instance is to know the regulations in that particular jurisdiction but also to call on the ability to handle investigations across jurisdictions.”
He added that the magic circle firm has been offering the service in some sectors “for a number of years” but that this was the first time it was offering a fully joined up practice area.
He said: “I don’t think any other firm has grasped what clients need in this area.”
A Freshfields survey of FTSE 350 general counsel found that a third have seen a rise in the number of significant disputes they have been called upon to defend over the past year, with almost half of these being international disputes.
The US Securities and Exchange Commission (SEC) and the UK’s FSA also both reported a marked increase in requests for assistance to foreign regulators.
Chris Pugh, global head of dispute resolution at the firm, said: “The macroeconomic dynamics of the world have changed and regulatory oversight has moved quickly to keep in step. Compliance and planning for regulatory issues is of the utmost importance for large companies looking to avoid the sharp end of enforcement proceedings.”