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.
Leading insolvency lawyer Stephen Gale is negotiating to leave Hammond Suddards after 11 years as a partner, to help Herbert Smith build up a corporate recovery unit.
Gale, currently head of the firm's 34-lawyer corporate recovery team, moved from Masons in Hong Kong in 1986 to help Hammonds' insolvency partner Chris Jones build up the practice to its current size.
He said: "I'm leaving simply because I want a change. I felt that now I'm in mid-career, it was time to do something different." Gale said he would be working with Herbert Smith's existing insolvency partner Richard Obank, who left Hammonds two and a half years ago, to build a stand-alone corporate recovery unit in the firm.
Obank said Herbert Smith had been looking for some time for a leader to build a new corporate recovery and reorganisation practice.
He said banks were increasingly expecting firms to help rescue companies before receivership appointments were made, and accountancy firms were already moving more in this direction.