This year has seen an unprecedented number of major partner hires by US firms looking to beef up their capacity in London.
Pharma company Reckitt Benckiser (RB) has named a new general counsel for spinoff business Indivior ahead of its listing today (23 December) on the London Stock Exchange (LSE).
Irwin Mitchell is the best top 50 firm in the UK at marketing itself online, particularly through social media - although firms’ online presence remains minimal.
The action continued into December, which has so far seen Kirkland & Ellis’ banking partner Stephen Gillespie quit for Gibson Dunn, and BLP managing partner Neville Eisenberg step down after five terms on the firm’s top rung.
Freshfields Bruckhaus Deringer has been reappointed by the Ministry of Defence (MoD) as one of 10 firms on its new-look projects panel, but Pinsent Masons has lost its spot.
Professional negligence claims brought against Nabarro and Weil Gotshal & Manges and due to be heard this year have both settled, it has emerged.
R&R Ice Cream general counsel Francesca Yardley has left Europe’s largest private-label ice cream maker to pursue two new roles in private equity-related start-up companies.
Australia’s Minter Ellison has bolstered its tax practice with the addition of three partners from rival firm Maddocks.
The legal market was far from quiet in November with law firm leaders airing their grievances and banking panels launching and closing. There was also a strong American flavour to the month, with Eversheds seeking a US merger and DLA Piper losing partners to US firms.
Allen & Overy (A&O), Norton Rose Fulbright, Pinsent Masons and Shepherd & Wedderburn have advised on the financing of a controversial road that will bypass the city of Aberdeen.
Fried Frank Harris Shriver & Jacobson has lost a first round for Russian tycoon Sergei Pugachev in the High Court after the billionaire failed in his attempt to lift a $2bn freezing order imposed in July.
The debate around Berwin Leighton Paisner managing partner Neville Eisenberg’s replacement is hotting up with three partners including corporate head David Collins thought to be early contenders.
Whether or not you still think that the ‘magic circle’ exists, there’s no denying that Allen & Overy (A&O), Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters are among the most successful law firm brands to have originated in the UK.
Clyde & Co has reported a 5.3 per rise in income at the half-year, bringing revenue for the first six months of 2014/15 to £178m.
Leigh Day and Public Interest Lawyers were the subject of criticism by defence secretary Michael Fallon yesterday (17 December) following the publication of a report into allegations that British forces tortured and executed Iraqi citizens.
Withers has entered the Australian private client market with the launch of a strategic alliance in Melbourne and Sydney, just months after it opened in San Francisco.
Eurostar has delayed its panel review until spring 2015, granting Burges Salmon, CMS Cameron McKenna and Osborne Clarke a four-month reprieve.
BLM, Clarke Willmott and Penningtons Manches are among the firms to have been newly appointed to the Housing Associations’ Legal Alliance (HALA) refreshed panel.
Herbert Smith Freehills (HSF) has suffered another departure from its Asian practice, with Tokyo corporate and M&A head James Robinson defecting to Morrison & Foerster (MoFo).
A Hamburg-based Bird & Bird lawyer, and a former partner from the same office, have been drawn into a corruption trial involving one of their clients.
Buckinghamshire County Council has tasked its new alternative business structure (ABS) with generating profits of £400,000 over the next five years.
Readers remained heated in August, as the storm surrounding marketing professionals’ salaries raged on. Meanwhile, Cooley was busy making informal job offers to a number of Edwards Wildman Palmer partners, and Nabarro began offering fixed fee deals to clients across its litigation practice.
Freshfields Bruckhaus Deringer is leading negotiations for BT on a £12.5bn deal to acquire telecoms operator EE, whose joint owners Orange and Deutsche Telekom are being represented by Norton Rose Fulbright and Clifford Chance.
Eversheds and Hill Dickinson are among 14 firms to have taken places on Metro Bank’s lending and securities panel.
Clydesdale Bank UK general counsel Jennifer Darbyshire has returned to Australia to resume her role at parent company National Australia Bank (NAB) with James Peirson taking over the UK role.
Weightmans has reported a rise in revenue of 3 per cent at the half-year point, bringing turnover for the first six months of 2014/15 to £42m.
Berwin Leighton Paisner (BLP) managing partner Neville Eisenberg is set to stand down at the end of his fifth term at the end of April 2015, 16 years after first stepping into the role.
Kennedys has hired seven lawyers to bolster its Asia aviation practice, six of whom are from rival firm Clyde & Co.
Chinese red circle firm Zhong Lun has signed up to employment alliance L&E Global, marking the network’s first step into the Asian markets.
King & Wood Mallesons (KWM) has named two partners to succeed global managing partner Stuart Fuller as head of its Hong Kong practice after he decided to give up one part of his dual role.
20 Essex Street has added another new role to its business development roster, taking Cavenagh Law practice manager Rachel Foxton to be the newly-created head of practice support focusing on growing the set’s business in Asia.
Bird & Bird is facing a £2m negligence claim from British Virgin Islands (BVI) company Orientfield Holdings in relation to Orientfield’s aborted purchase of a £25m property recently bought by Elisabeth Murdoch.
Thomas Cook group general counsel Craig Stoehr has been given the additional role of chief corporate officer at the company, effective immediately.
The life sciences sector is generating millions of pounds of revenue for lawyers despite the worldwide decline in healthcare budgets and stringent regulation worldwide. With regulators closing in and costs climbing higher – is the bubble set to burst?
DMH Stallard has swallowed up Guildford-headquartered firm AWB Partnership in a merger deal that will be completed in 1 January 2015.
Kirkland & Ellis debt finance partner Stephen Gillespie is leaving the firm to join Gibson Dunn & Crutcher, to become the Californian firm’s fifth high-profile recruit this year.
Private client firms Hunters and May May & Merrimans have announced they are merging in April next year, creating a firm with 120 staff.
Addleshaw Goddard has set out its aspirations to re-establish a top 20 position in the UK200 and to be known as a premium player in its chosen markets as part of a new strategy rolled out firmwide today (11 December).
Nabarro has posted a three per cent uptick in turnover for the first six months of 2014/15, taking it to £54.1m for the six months to end October, compared to the £52.5m the previous year.
Sidley Austin has made up two lawyers to its London office in its boosted 2014 promotions round, which saw 32 lawyers added to its ranks including four in Europe.
Clifford Chance partner Simon Davis has branded the Financial Conduct Authority “seriously inadequate” in his published report into the leak on a FCA life insurance industry probe earlier this year.
Freshfields Bruckhaus Deringer has named retail sector group head Claire Wills as co-head of its financial institutions group (FIG) to replace banking partner Sean Pierce.
Technology boutique Kemp Little has launched a service dedicated to advising startup businesses.
The House of Lords Constitution Committee has determined that the Lord Chancellor’s role does not have to be filled by a qualified lawyer, although a background in law would be “a distinct advantage”.
The Lawyer published its first interrogation of debt levels at the UK 200 in April, revealing some unexpected insights into the true debt profile of the UK’s mid-tier.
All the latest partner hires and other appointments within Continental European firms and offices.
Dechert has promoted three partners in its London office amid 11 promotions globally - the same number as last year.
Transport supplier Hitachi Rail Europe has picked Addleshaw Goddard, Ashurst, DLA Piper, Eversheds, Shoosmiths and Stephenson Harwood for its inaugural legal panel after a competitive tender process that closed in October.
Penningtons Manches has announced the opening of its first office outside of the UK in San Francisco to cash in on the firm’s network of clients in the area and boost its M&A cross-border offering.
Stephenson Harwood has signed an alliance deal with a Guangzhou firm that was set up after the UK firm closed its own base in the southern city there months ago.
CMS and Pinsent Masons have taken key roles on the £224.1m acquisition of Scotland’s second-largest covered shopping centre, The Centre in Livingston, by HSBC Alternative Investments.
March set up some of the defining stories of 2014, with Addleshaw Goddard kicking of its early election, and PwC and DWF declaring top 20 aspirations in their respective markets.
Baker & McKenzie has launched an ‘investigations academy’ aimed at educating its lawyers across all its network on a range of matters relating to regulatory investigations.
Skadden Arps Slate Meagher & Flom has announced the hire of corporate heavyweight Olivier Diaz from French firm Darrois Villey Maillot Brochier.
The Ministry of Defence (MoD) panel review is expected to conclude within the next two weeks in time for a January 2015 unveiling, with firms vying for spots on the larger panel.
The Financial Conduct Authority (FCA) has promoted lawyer and current head of enforcement Tracey McDermott as part of a structural overhaul after admitting its supervision function was “under strain”.
White & Case has advised HM Treasury on its proposal for new tax legislation, which would help to provide new finance for business and infrastructure projects.
Shearman & Sterling has promoted 13 counsel and associates to partner in its 2015 promotions round, two of which are in London.
Verizon vice president of public policy Craig Silliman will take on the additional role of general counsel at Verizon from 1 January 2015.
HM Revenue and Customs (HMRC) has launched a new campaign to target solicitors’ unpaid taxes, through which lawyers can choose to bring their tax affairs up to date or face tougher penalties in 2015.
Clifford Chance EU public policy head and competition partner Oliver Bretz is to leave the firm in the New Year to set up an independent competition law boutique.
Linklaters’ former global corporate head Jeremy Parr is to become general counsel at trading company Jardine Matheson Holdings, replacing outgoing Giles White who is to retire at the end of July 2015.
Pinsent Masons has elected John Cleland as its new managing partner in a contested election, following the decision of David Ryan to step down from the role.
DLA Piper has retained its crown as the world’s largest litigation practice by fee income, taking the top spot in this year’s The Lawyer Global Litigation Top 50 ranking with a total litigation fee income of $1.128bn.
French firm Ayache Salama has become the latest in a string of European firms, and one of a handful of French ones, to open a London representative office.
Saudi Arabian firm the Law Office of Abdulaziz H. Fahad has converted into a professional service partnership, with the aim of ensuring future partner promotions and succession planning.
Private equity backed Parabis Group has received a further £13m cash injection from its investor Duke Street.
A barrister has been disbarred by the Bar Standards Board (BSB) for dishonesty after lying to a client about submitting a visa application to the UK Border Agency (UKBA) and acting as a public access barrister without the required qualifications.
Middle East firm Galadari has added its fourth office with a launch in the Dubai International Financial Centre (DIFC).
Kingsley Napley has raided Mishcon de Reya for media partner Charlotte Harris, who is set to kickstart the firm’s new media and reputation management group.
Taylor Wessing has announced a 5.5 per cent rise in global turnover at the six-month mark of the 2014/15 financial year, with UK revenue rising 7.3 per cent.
Third-party litigation funders who bankrolled the $1.6bn claim brought by Clifford Chance client Excalibur Ventures are gearing up to bring a professional negligence claim against the firm, following defeat in the High Court last year.
Herbert Smith Freehills (HSF) has advised Sky on the sale of its betting business to private equity firm CVC Capital Partners in a deal valued up to £800m.
Australian firm HWL Ebsworth is bulking up its Adelaide offering with the addition of six-partner insurance and litigation firm Lawson Smith Lawyers.
Nine female lawyers have featured in this year’s Part Time Power list of high-earning successful professionals, which collects 50 people that succeed in part-time jobs across several industries.
Arbitration boutique Three Crowns has hired Covington & Burling partner Carmen Martinez Lopez as a partner in its London office along with senior associates for each of its three bases.
Clifford Chance is understood to be carrying out a review of its German operations, and is likely to see the departure of a number of partners as a result.
Former chief executive of the University of Law (ULaw) Nigel Savage has taken up one of two new non-executive director roles at personal injury firm Fletchers Solicitors.
Flash memory storage company SanDisk has announced the appointment of new chief legal officer Mark Brazeal, senior deputy general counsel at tech company Broadcom.
An 80-year old law student has graduated from the University of Liverpool, collecting his masters of law at a graduation ceremony held at the city’s Metropolitan Cathedral.
Deutsche Bank’s regular global legal panel review has kicked off, and is due to come to a close early next year.
Stephenson Harwood has reported a half-year global revenue of £64m for the first six months of the 2014/15 financial year.
Australian firm HWL Ebsworth is forging ahead with its national expansion plan with the launch of two offices in Australia’s Northern Territory.
Irwin Mitchell has appointed DWF’s pensions head Martin Jenkins to lead its national pensions practice from London.
BLM has added £4m to its top line with the completion of its merger with Belfast-headquartered Campbell Fitzpatrick Solicitors (CFS) on 1 December.
DAC Beachcroft and DWF have both made team hires in Bristol, with the latter swooping on Greenwoods for a second time after Parabis closed its office in the city.
Students are more prepared than ever, with first-years barely shaking off Freshers flu before throwing themselves into law firm events.
Vacuum manufacturer Edwards’ EMEA senior counsel Judith Banks has moved to head up the Europe, Africa, Middle East and Latin America legal team at medical technology group Elekta.
Matrix has continued to build its media team with the hire of Doughty Street Chambers’ Gavin Millar QC.
Nabarro is understood to be in talks with a Singapore firm over the possibility of an exclusive relationship, with disputes head Jonathan Warne and construction partner James Snape leading negotiations.
DWF has re-elected Andrew Leaitherland as the firm’s managing partner and CEO for a fourth term.
Linklaters has inched closer to taking the crown for total FTSE 100 clients, as it closes in on market leader Slaughter and May.
Addleshaw Goddard, Baker & McKenzie and Linklaters are among firms to put forward new policies after legislation on shared parental leave became law yesterday (1 December)
Hogan Lovells’ current chair and real estate partner Nicholas Cheffings has confirmed he would like to run for another term in April 2015.
Clifford Chance has recruited a team of five from Bingham McCutchen, led by partners Robert Gross and William Cejudo, to add to its Washington DC-based structured finance team.
Partners at Locke Lord and Edwards Wildman Palmer have voted in favour of the firms’ $675m tie-up.
Slaughter and May is set to hand out discretionary bonuses to associates, following the firm’s strong performance in 2014.
Skadden Arps Slate Meagher & Flom has taken Freshfields Bruckhaus Deringer insurance partner Robert Stirling to join its global financial institutions group.
Accountancy and consulting giant EY is the third of the big four accountants to enter the regulated legal market after being granting an ABS licence by the Solicitors Regulation Authority (SRA).
King & Wood Mallesons has revamped the management of its Australia corporate practice as Sydney-based M&A and tax head Tim Bednall prepares to transfer to London.
Keep up to speed with the latest cases by checking out The Lawyer’s Briefings section online. It’s an unparalleled resource; below is just a selection of recent papers by law firms putting the latest decisions into context.
Lawyer News Daily
It’s been a busy year in the legal market. Over the past two weeks we’ve been looking back at the stories of the year, highlighting some of the trends and reminiscing over the news which hit the headlines.