Linklaters has thrown down the gauntlet to its City rivals by hiking the Legal Practice Course (LPC) maintenance grants the firm pays to its future trainees by 40 per cent. The magic circle firm currently pays its LPC students an annual maintenance grant of £5,000 if they study in London or Oxford, and £4,500 if […]
Law Society chief executive Janet Paraskeva has been appointed as a non-executive director of the Serious Organised Crime Agency (SOCA) – a post that will net her £20,000 a year for 15 days work. The news comes a month after The Lawyer exclusively revealed that Paraskeva had been appointed as a shadow member of the […]
Hammonds partner Simon Sale has become the third salaried partner to leave the firm since it instituted a lock-in for its 85 equity partners in April this year. Private equity partner Sale has left to join the London office of Dundas & Wilson. His departure follows the exit of insolvency partner Mike Woollard, who left […]
Dewey Ballantine has boosted its Frankfurt office with the high-profile hires of former Linklaters Oppenhoff & Rädler senior partner Rudolf Cölle along with Nörr Stiefenhofer Lutz partner Bernd Fahrholz According to German website Juve, the partners will join Dewey later this year. They join a 20-strong office with six partners. The hires follow last year’s […]
Shepherd & Wedderburn has won a competitive tender to advise the Water Industry Commission for Scotland (WICS) on a three-year licensing project. The Scottish firm will act for the WICS as it implements a licensing regime for retail competition in the water and sewerage industry. The work comes on the back of recent projects for […]
Freshfields Bruckhaus Deringer has landed its second major gaming IPO as the magic circle firm continues to benefit from the surge of activity in the sector. According to well placed sources Freshfields is advising regular client Cassava, the Gibraltar-based company that runs the 888.com website, on its forthcoming £700m London IPO. The mandate to advise […]
Sidley Austin Brown & Wood has become further embroiled in accounting giant KPMG’s criminal tax case after former partner Raymond “RJ” Ruble was formally indicted last week in connection with the sale of fraudulent tax shelters. Ruble was listed alongside eight former executives of KPMG in the indictment, which was unsealed by the Manhattan Federal […]
Atlanta firm King & Spalding has raided US rival Shearman & Sterling to hire corporate finance specialist Christopher Paci. Paci joins the firm’s New York office as a partner, specialising in capital markets. His background includes handling IPOs, high yield debt and other complex securities offerings. Most recently, representing the underwriters in the IPOs of […]
Cadwalader Wickersham & Taft has boosted its London global finance department with an Allen & Overy hire. Justin Jowitt joins the firm as a partner and will focus on real estate finance, acting for investment and commercial banks on investment and development financing. He also represents borrowers and lenders in transactions including restructuring and leveraged […]