Mayer Brown is to enter into an association with Chinese firm Jingtian & Gongcheng in Hong Kong, as the Chinese firm launches its first international office in the city.
Foot Anstey has successfully defended an age discrimination claim brought against it by an ex-partner.
King & Wood Mallesons’ (KWM) average profit per equity partner (PEP) in Europe and the Middle East has skyrocketed by 39 per cent to £610,000 in its second financial year since it merged with SJ Berwin.
Italian TMT-focused firm Portolano Cavallo has launched in New York, hiring former DLA Piper partner Emily Maxwell to support its new offering.
DLA Piper advised Dixons Carphone on its foray into the US market through a 500-store deal brokered with US telecoms company Sprint, represented by Morrison & Foerster.
An Irish MP has alleged that £7m in an account controlled by Ian Coulter, the former managing partner of Belfast firm Tughans, may have been intended to facilitate payments to a Northern Irish politician in connection to the sale of assets by the Irish National Asset Management Agency (Nama).
Lewis Silkin will pay out £2m to former client, ex-Indian Premier League CEO Tim Wright, following a High Court ruling on Friday (3 July).
A barrister and pupilmaster at 1 Gray’s Inn Square has been fined £4,000 after a pupil complained about his conduct towards her during her pupillage.
Former Ince & Co partner Nathan ‘Andy’ Iyer, who was jailed for forgery and false accounting and struck off by the Solicitors Disciplinary Tribunal (SDT) in 2012, has launched City legal services firm IY Legal.
Former US attorney general Eric Holder is set to re-join former firm Covington & Burling as a partner, after six years as the US government’s top enforcement lawyer.
Boodle Hatfield may have set a trend when it vacated its 300-year Mayfair seat, with firms – both in London and nationwide – being forced by soaring property prices to get creative with their real estate.
Pharma company Amgen has hired Jonathan Graham as senior vice president, general counsel and secretary from manufacturer Danaher to replace David Scott, who is retiring next month.
Morrison & Foerster (MoFo) has revealed new plans to expand its operations in Europe following exits in the London office, with corporate and patent litigation practices emerging as the main targets for growth.
Osborne Clarke managing partner Ray Berg has issued a call for firms to work more closely together and be ”much more collaborative” to deal with the pressures created by clients with more buying power.
After years of chasing its rivals, Allen & Overy (A&O) has displaced Linklaters as – for the time being – as the second-largest magic circle firm.
King & Wood Mallesons (KWM) regulatory partner Gregg Beechey has become the latest lawyer to exit the firm this week, set to join Fried Frank Harris Shriver & Jacobson in London.
Paul Hastings has hired a nine-strong team in New York and Washington, DC, led by Ashurst co-head of securities and derivatives Scott Faga and US managing partner Eugene Ferrer, to build its structured finance capability.
Oil giant BP has agreed to pay $18.7bn (£12bn) to settle claims arising from the 2010 Deepwater Horizon oil spill, the biggest environmental penalty in history.
Hogan Lovells has revealed a retention rate of 79 per cent, keeping on 23 of 29 autumn 2015 qualifying trainees as newly qualified (NQ) lawyers.
Sources close to Linklaters have been quick to comment on the “surprising” departure of managing partner Simon Davies, who revealed he will step down a year early to join Lloyds Bank on Wednesday (1 July).
Clydes & Co is set to further increase its international offering with plans to move onshore in Dubai and Qatar.
Chadbourne and King & Spalding advise in landmark Islamic financing for $2bn industrial gases project
Chadbourne & Parke and King & Spalding have advised on the Islamic financing for a $2bn (£1.279bn) industrial gases project in Saudi Arabia to supply oil company Saudi Aramco.
Chinese firm Shandong Deheng aims to raise up to RMB50m (£5m) by selling shares on a regional over-the-counter (OTC) market, in China’s first private placement funding deal by a law firm.
Sullivan & Cromwell and Wachtell Lipton Rosen & Katz have advised on insurance company Ace’s $28.3bn (£18.1bn) acquisition of rival Chubb Corporation.
The Competition and Markets Authority (CMA) has promoted senior director of sectoral regulation Michael Grenfell to executive director following Sonya Branch’s departure to the Bank of England.
Weil Gotshal & Manges has hired corporate partner Charles Ching from Freshfields Bruckhaus Deringer, following the departure of China head Steven Xiang.
Pinsent Masons officially opened its doors in Australia today alongside the announcement that it has hired infrastructure disputes partner Peter Megens from King & Spalding.
Over the last few weeks the attraction of Belfast as a hub for legal services has been underlined in bold.
Herbert Smith Freehills has upped its junior salaries at every level, concentrating its resources post 2 year PQE.
Kirkland & Ellis has recruited Latham & Watkins’ Munich founding partner Jörg Kirchner in a continuation of high-profile partner hires by US firms in Europe.
RPC is the latest firm to post double digit growth as revenue increased 12 per cent, from £84.1m to £94m, for the 2014/15 financial year.
Olswang posts 7.7 per cent revenue increase to £126.7m in 2014/15 results while debt drops to £10.1m
Olswang has reported a 7.7 per cent increase in revenue from £117.6m to £126.7m in 2014/15, while its net debt dropped 54.1 per cent from £22m to £10.1m.
Allen & Overy (A&O) has achieved a sixth consecutive year of growth in 2014/15, increasing its global turnover by 4 per cent from £1.23bn to £1.28bn, while average profit per equity partner (PEP) grew by 8 per cent to £1.21m.
Lloyds Bank has hired ex-Barclays head of legal for corporate banking Joanna Carver as general counsel for commercial banking.
Skadden Arps Slate Meagher & Flom has topped worldwide deal rankings for the first half of 2015, while European and UK leader Freshfields Bruckhaus Deringer is the only magic circle firm to feature in the table.
Gide Loyrette Nouel is set to lose another lawyer in Paris as finance partner Fernand Arsanios departs to join Reed Smith’s financial industry group.
Defunct Icelandic bank Kaupthing has won its jurisdictional challenge to the High Court to have Vincent Tchenguiz’ £2.2bn claim against it heard in Iceland.
King & Wood Mallesons (KWM) has lost London-based private equity partner Simon Fulbrook to Goodwin Procter, while simultaneously adding private equity partner Laura Brunnen to its London office from Fried Frank Harris Shriver & Jacobson.
Irwin Mitchell has completed its seventh acquisition since gaining its ABS licence through after merging with P&A Receivables Services.
The Criminal Bar Association (CBA) has launched a two-week ballot of its members on whether to launch direct action following news it would not strike alongside legal aid lawyers this week, despite widespread membership support.
Herbert Smith Freehills has turned over £815m in its second financial year since becoming a fully merged firm, a rise of just 2 per cent on the previous financial year.
Jones Day has hired a five-strong team of lawyers from Gide Loyrette Nouel to join the Paris office’s TMT practice.
Merged food giant Kraft Heinz has promoted deputy general counsel Jim Savina to general counsel following the union of the two companies earlier this year.
Clifford Chance and Linklaters are the latest firms to have won mandates as General Electric (GE) stays on track to sell $100bn (£63.6bn) worth of assets by the end of the year.
Linklaters has reported a 1 per cent increase in turnover to £1.267bn in 2014/15, at the same time as managing partner Simon Davies confirmed he is stepping down early to join Lloyds Banking Group as chief people, legal and strategy officer.
Holman Fenwick Willan (HFW) has established a formal law alliance (FLA) with Singaporean firm AsiaLegal.
Freshfields Bruckhaus Deringer’s new managing and senior partner have said the next five years will be “crucial” for the firm to capitalise on new opportunities and international clients and increase efficiency and innovation.
Latham & Watkins M&A and private equity partner Graeme Sloan has joined Morrison & Foerster (MoFo) as the firm’s London corporate head and global M&A co-chair.
Olswang head of strategic development Nigel Rea has left the firm, becoming the latest in a number of management exits at the firm.
Belgian boutique Strelia has added an insolvency specialist to its ranks with the hire of Taylor Wessing partner Bart de Moor and two senior associates.
West End firm Spring Law has acquired London employment boutique Ferguson Solicitors, giving it a combined turnover of £5m.
The Criminal Bar Association (CBA) will not strike in protest at legal aid cuts on Wednesday (1 July), despite its members balloting 96 per cent in favour of direct action before the general election.
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region.
Sullivan & Cromwell will retain 100 per cent of its autumn 2015 qualifying trainee cohort as newly qualified (NQ) lawyers.
Gibson Dunn & Crutcher and Weil Gotshal & Manges have won top roles on the merger of advisory and broking companies Towers Watson and Willis Group for $18bn (£11.45bn).
Lancashire Country Cricket Club (LCCC) has instructed RPC to bring a legal challenge against NatWest and the Royal Bank of Scotland (RBS) in relation to an interest rate hedging product sold to the club in 2009.
Blake Cassels & Graydon, Cravath Swaine & Moore and Weil Gotshal & Manges have all won top roles as General Electric (GE) sells its fleet businesses in the US, Mexico, Australia and New Zealand to Element Financial Corporation for $6.9bn (£4.4bn).
Allen & Overy (A&O) contract lawyer service Peerpoint is continuing to focus on international expansion, with sites in Asia and Europe thought to be in the pipeline.
Chivas Brothers, a member of the Pernod Ricard group, is to carry out a panel review of its UK legal advisers with plans to cut the roster from 16 to around seven.
Pinsent Masons is set to hire additional project managers across its business over the next 18 months and has designed a project manager toolkit to assist the firm’s lawyers.
Chinese firm Grandall has opened its first office in the US in Silicon Valley, aiming to capitalise on growing Chinese investment in the global technology innovation hub.
Lawyers in London, Leeds and Manchester have voted to strike, refusing to take on legal aid work after 1 July, when new rates are set to come in.
Slater & Gordon saw its share price fall 38.3 per cent following the news of investigations being carried out by the Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC).
Orrick Herrington & Sutcliffe has picked up an energy and projects team from Hogan Lovells made up of three partners including two group heads.
White & Case has re-elected Hugh Verrier as chairman of the firm for a third consecutive four-year term until 2019.
Darrois Villey Maillot Brochier, Cabinet Bompoint and Gianni Origoni Grippo Cappelli & Partners have taken lead roles as multinational media company Vivendi spends around €1bn to increase its stake in Telecom Italia to 14.9 per cent.
DLA Piper has added a corporate team led by three partners from Australian boutique Hardy Bowen in Perth.
CMS has re-elected chairman Cornelius Brandi for a second four-year to June 2019 after an annual partners meeting last week.
Shearman & Sterling has partnered with Saudi Arabia’s Abdulaziz Alassaf & Partners, meaning the US-founded firm can now operate in Riyadh, Jeddah and Al-Khobar.
International firms have generally positioned themselves well for Asia-Pacific’s rise – teething troubles aside. But it is the locals, particularly in China, who show the biggest appetite for its business, growing faster and wider than the globals.
Freshfields Bruckhaus Deringer is understood to have extended its lockstep ladder in the UK to lure top talent in London.
French wine and spirits company Pernod Ricard is set to launch a contracts compliance app devised by its legal team to cut time spent managing commercial paperwork.
Stephenson Harwood has picked up over £6m in legal fees, after it was involved in the three-year long liquidation of Rangers Football Club.
Thomson Snell & Passmore has seen turnover increase by 11 per cent, from £15.25m to £16.8m in the 2014/15 financial year.
Wedlake Bell has won a £1.8m professional negligence claim against Bird & Bird in a High Court case brought by former client and British Virgin Islands (BVI) company Orientfield Holdings.
Aaron & Partners has posted a 9.1 per cent increase in revenue from £7.26m to £7.92m in 2014/15, following increased work in the renewable energy market.
Howes Percival has appointed former Eversheds partner Paul Wootton as head of its planning division.
Dechert partners have re-elected chairman Andrew Levander for a further four-year term, while CEO Daniel O’Donnell has had a one-year extension as partners voted for Henry Nassau to take on his role in July 2016.
Cravath Swaine & Moore, Linklaters, Simpson Thacher & Bartlett and Sullivan & Cromwell have advised retailers Ahold and Delhaize, as they merge to create a business with net sales of €54.1bn (£38.5bn).
The former head of Akin Gump Strauss Hauer & Feld’s Geneva office, Charles Adams, has been confirmed as the next US Ambassador to Finland.
Litigation firm Your Legal Friend (YLF) has instructed Serle Court’s Philip Marshall QC on its potential group action against Quindell on behalf of shareholders.
Baker Botts announced its highest global revenue ever – $653m – in 2014. Here’s how new London head Mark Rowley plans to ensure the office contributes to another record year in 2015.
One Crown Office Row barrister Adam Wagner has launched a comprehensive study of human rights law in the UK to demonstrate the impact of the Human Rights Act (HRA) on the justice system.
The average value of construction disputes in the UK has fallen by £600,000 but the average global figure has risen to £32m, latest research shows.
Offshore firm Harneys has hired a three-strong funds team from rival Appleby in the Cayman Islands, including former funds head Ian Gobin.
Clifford Chance and Linklaters have acted as lead international counsel on the issuance of Bank of China’s $3.55bn multi-currency bond, which is set to facilitate China’s One Belt One Road (OBOR) initiative.
Private-equity backed firm Knights is set to open a Derby office in August following the doubling of its turnover to a projected £20m in 2014/15.
Kirkland & Ellis’ London office is losing banking partner Philip Crump to Gibson Dunn & Crutcher, just a day after announcing the hire of Weil’s tax head Jonathan Kandel.
Baker & McKenzie has boosted its corporate tax practice with the hire of Ernst and Young (EY) tax head of market Kate Alexander to join the London office as a principal tax advisor in the corporate practice.
Mishcon de Reya has confirmed that its revenue surpassed the £100m revenue mark in the last financial year, with turnover rising 12.5 per cent to £110m.
All the latest partner hires and other appointments within Continental European firms and offices.
Baker & McKenzie has promoted 83 lawyers to partner across the firm, with female associates representing 40 per cent of this year’s round.
Leading commercial silks have accused the Court of Appeal (CoA) of deliberately “over-listing” hearings to ensure appellate judges have enough work, resulting in lengthy delays for hearings and greater costs for clients.
Wealth manager Towry has appointed Ashcourt Rowan’s Rehana Hasan to the role of general counsel, after the company acquired rival Ashcourt last month.
Weil Gotshal & Manges’ London tax head Jonathan Kandel is leaving the firm for Kirkland & Ellis, following in the wake of Weil’s former finance head Stephen Lucas.
State-owned Qatar Petroleum will launch its first formal legal panel, with Simmons & Simmons and Herbert Smith Freehills (HSF) understood to have already submitted tender proposals.
Latham & Watkins Abu Dhabi project finance partner Nick Collins has joined Jones Day’s projects and infrastructure practice in London.
Proskauer Rose has continued its London hiring spree by picking up finance partner Alexander Griffith from DLA Piper.
Slaughter and May and Ashurst have won top roles on the proposed merger of betting companies Ladbrokes and Gala Coral Group.
Freeths has announced its turnover has increased by 12 per cent, from £49.9m to £55.8m for the 2014/15 financial year, prompting a 5 per cent bonus to all staff.
There could hardly be a more appropriate symbol of London’s current sky-high property prices than the tale of Boodle Hatfield.
The Lawyer’s first salary survey, in partnership with Kinsella Legal, covers lawyer’s pay, base salaries, bonuses, benefits and pay satisfaction. As well as their wider career satisfaction and aspirations, we’ve unearthed eye-opening information about the effects on earnings of location, sector, experience and gender.
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Boodle Hatfield may have set a trend when it vacated its 300-year Mayfair seat, with firms – both in London and nationwide – being forced by soaring property prices to get creative with their real estate