CVC Capital Partners has been ordered to pay €129m (£103m) to Budweiser brewer Anheuser-Busch InBev (AB In Bev) in a court battle over a 2009 deal, after turning from Freshfields Bruckhaus Deringer to Allen & Overy (A&O).
Thread and zips manufacturer Coats has appointed senior Weight Watchers lawyer Richard Reade as deputy general counsel, following the appointment of its first-ever general counsel from Lloyds.
Asset management and funds boutique MJ Hudson has launched in Hong Kong, creating the firm’s third office alongside London and Jersey.
Wachtell Lipton Rosen & Katz is to pursue Deloitte on behalf of Hewlett-Packard (HP) in an escalation of the company’s row with software firm Autonomy over its doomed 2011 acquisition.
Hogan Lovells has revealed a 77 per cent retention rate for its autumn 2014 qualifiers, employing 27 of 35 trainees in newly-qualified (NQ) positions.
Two former Pannone personal injury big-hitters have become the latest to break the three-year lock in to leave Slater & Gordon, moving to ABS rival Irwin Mitchell.
Ropes & Gray has hired Travers Smith private equity rainmaker Phil Sanderson to bolster its European private equity offering.
Cobbetts’ administrator KPMG has postponed a final distribution of £336,687 to Lloyds Bank after receiving notice of legal action relating to the sum by four former partners.
Baker & McKenzie is to open a global services centre in Belfast, the firm’s second following its centre in Manila which it launched in 2000.
FTSE 250 company Essar Energy’s legal team is being restructured following its controversial de-listing and general counsel Sheena Singla is considering an informal panel shake-up as a result.
Manchester insurance litigation firm Horwich Farrelly has appointed its first chief operations officer (COO) to its executive board.
Gateley is doubling its presence in Leeds with an office move three years earlier than planned after adding 22 lawyers in 18 months.
Kirkland & Ellis and Wachtell Lipton Rosen & Katz are among the firms lined up to advise on Burger King’s $11.4bn (£6.9bn) acquisition of Canadian coffee and doughnut chain Tim Hortons.
Dutch corporate boutique Rutgers & Posch has hired Freshfields Bruckhaus Deringer partner Robert ten Have to boost its capital markets practice.
Norton Rose Fulbright has revealed its retention rate for autumn 2014, with the number of newly-qualified (NQ) lawyers staying at the firm dropping compared to recent qualification dates.
Clyde & Co has hired a Singapore-based aviation team from Kennedys including legacy Gates & Partners big-hitter David Johnston.
Heinz’ European general counsel Janice More has left the company following its £18bn takeover by a US investment consortium last year.
Thomas Eggar has become the latest firm to overhaul its business support function and centralise its document production staff on the back of its merger with Pritchard Englefield last year.
Yorkshire firm Gordons has reported its first year of revenue decline in 13 years, with turnover falling by 11 per cent to £22.9m due in part to a withdrawal from claimant personal injury work.
Scottish firm Burness Paull has awarded all its employees a 10 per cent bonus after the firm achieved a 20 per cent increase in its turnover in the 2013/14 financial year.
Skadden Arps Slate Meagher & Flom has brokered a record-breaking $16.6bn (£10bn) settlement with the US Department of Justice (DoJ) for client Bank of America to resolve allegations of fraudulent mortgage handling.
A decade-long lawsuit against General Motors, involving faulty components, whistleblowers and an investigation by US prosecutors, has reignited with an investigation into the company’s in-house legal team.
Listed alternative business structure (ABS) Quindell has generated £180m of revenue from legal services at the half-year according to its interim statement to the London Stock Exchange.
DWF has appointed BPP as its new LPC training provider after three years with the University of Law (ULaw).
Baker & McKenzie, Mayer Brown, Olswang and Slaughter and May have all won spots on Unilever’s inaugural panel.
BLM will be nudging the £100m turnover mark at the financial year-end, according to a “conservative” estimate by managing partner Mike Brown.
Slaughter and May and Wragge Lawrence Graham & Co have taken key roles among a large group of UK and Irish firms advising on Legal & General’s (L&G) sale of eight properties from its Hyperion portfolio to separate purchasers.
Bates Wells Braithwaite has announced the “untimely” death of former senior partner Stephen Lloyd, who was killed on Wednesday (20 August) in a boating accident while on holiday in Wales.
Citigroup has lost its New-York based global consumer business general counsel following the exit of two other in-house lawyers earlier in the year.
Clifford Chance is understood to be losing four private equity associates to join partners at firms including Latham & Watkins and Simpson Thacher & Bartlett, underlining the vulnerability of magic circle firms to headhunters acting for US firms in London.
At least two legacy Pannone partners have managed to exit Australian-listed Slater & Gordon and others are negotiating exits despite a three-year lock-in.
Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling.
The Government has approved new standards that will allow apprentices to work their way up to full solicitor status.
Stewarts Law will launch a tax litigation group in 10 weeks’ time to hone in on the swathe of tax-related cases hitting the courts.
Dwr Cymru Welsh Water (DCWW) has gifted Addleshaw Goddard and Burges Salmon first-time appointments on its revamped legal panel.
Fortune 500 fertiliser producer Mosaic has promoted associate general counsel Mark Isaacson, three months after former general counsel Richard Mack became the company’s chief financial officer (CFO).
Squire Patton Boggs has chosen legacy Patton Boggs’ Saudi associate firm Khalid Al-Thebity as its local representative, leaving legacy Squire Sanders’ affiliate to pursue independence.
DWF has revealed that it will retain 81 per cent of its October qualifiers.
Media boutique Michael Simkins and City-based BCL Burton Copeland have been brought in to represent Sir Cliff Richard following a police raid on the star’s home last Thursday (14 August).
Scotland-headquartered Shepherd & Wedderburn has added the former head of DLA Piper’s Scottish construction and engineering group to its own construction and projects practice.
Ashurst has taken a trio of partners from O’Melveny & Myers and one from White & Case in a bid to boost its restructuring offering in Asia.
Dentons, Linklaters, Travers Smith and Weil Gotshal & Manges have settled a £184m battle between the Pensions Regulator and Lehman Brothers administrators PricewaterhouseCoopers (PwC).
Clyde & Co has settled a long-running whistleblowing dispute with former partner Krista Bates van Winkelhof out of court after successive cases sought to establish the validity of the claim.
Mishcon de Reya is to vote next month on converting to an LLP and bringing all of its salaried partners into the equity.
Guildford-based Stevens & Bolton’s revenue rose by 10.1 per cent from £18.05m to £19.87m in the 2013/14 financial year.
Baltic firms Borenius and Lawin have taken the lead roles on the acquisition of social media site Ask.fm by questions and answers site Ask.com.
Clifford Chance client US defence company Raytheon Systems has won over £224m from the Home Office after an arbitration tribunal ruled the Government unlawfully terminated its e-borders contract in 2010.
Slaughter and May has appointed a second diversity chief, Susannah Macknay, to assist the firm’s inclusion efforts.
Football fans will not be pursued with legal action for sharing unofficial footage on the popular Twitter-owned video platform, Vine.
Former King & Wood Mallesons (KWM) partners Tony O’Malley and Tim Blue, who set up a Sydney boutique earlier this year, have joined accounting giant PricewaterhouseCoopers (PwC) to launch an Australian legal services arm.
Quinn Emanuel Urquhart & Sullivan and litigation boutique Leon Kaye have formally joined the £4bn shareholder battle brought against the Royal Bank of Scotland (RBS) over its 2008 rights issue.
Withers has opened a new office in San Francisco, its first new base in more than two years.
Bristows has seen its revenue dip by 3.6 per cent in 2013/14, ending a half-decade of strong growth.
Skadden Arps Slate Meagher & Flom and Jones Day are among the firms advising the Coca-Cola Company on its partnership deal with energy drink business Monster.
Berwin Leighton Paisner (BLP) and Taylor Wessing have advised on the £97m sale of Heron Plaza by Heron International to Singaporean UOL Group.
The Crown Prosecution Service (CPS) has announced that it will not take any action against former Times legal chief Alastair Brett, who had been facing allegations of perjury and perverting the course of justice related to phone-hacking at News International.
Amsterdam-headquartered telecoms giant VimpelCom has appointed Scott Dresser, formerly at Virgin Media, as its new group general counsel.
Charles Russell and Speechly Bircham, which are set to merge on 1 November 2014, have kicked off their search for a combined City base.
Irwin Mitchell grew revenue by 1.2 per cent from £200.3m to £202.7m and saw profit before tax drop by 8.5 per cent from £18.7m to £17.1m last year, according to audited figures.
Eight new training contracts are to be created through a new fellowship scheme run by the Legal Education Foundation (LEF).
Barclays has turned to Sullivan & Cromwell to defend it against fraud allegations in the US, as analysts predict the bank could face a £1.2bn bill for a raft of litigation.
The Law Society has appointed NHS Litigation Authority (NHSLA) chief executive Catherine Dixon to head up the solicitors’ representative body, following the retirement of outgoing CEO Desmond Hudson.
The Institute of Chartered Accountants (ICAEW) has become the first non-legal entity with powers to regulate probate services and license alternative business structures (ABSs).
Singapore firm WongPartnership has extended its South-East Asia footprint by sealing a strategic alliance with Indonesian firm Makes & Partners.
Thames Valley firm Boyes Turner, which pulled out of merger talks with legacy Blake Lapthorn and Morgan Cole last December, has reported strong results for the 2013/14 financial year.
The London boroughs of Harrow and Barnet, which recently merged their legal groups, have become the second local authority in-house team to be awarded an alternative business structure (ABS) licence, following Buckinghamshire County Council last week.
Nabarro is launching a new regime of fixed-fee deals across its litigation practice which will see the firm shoulder risk for its clients.
The day before A level results are released, places on law degrees are still available at some of the country’s most highly-regarded universities.
Ethical investor Sustainable Development Capital LLP (SDCL) has appointed six firms to its inaugural legal panel, with Muckle and Walker Morris among those winning a spot.
Chester firm Aaron & Partners boosted its turnover by 7.4 per cent from £6.76m to £7.26m during the 2013/14 financial year.
Baker Botts, Weil Gotshal & Manges and Vinson & Elkins have advised on Kinder Morgan’s blockbuster $70bn consolidation of its related pipeline companies, marking the biggest energy merger since ExxonMobil 12 years ago.
King & Wood Mallesons (KWM) and Baker & McKenzie have topped a survey of Asia-Pacific general counsel aimed at identifying the firms with the strongest brands in the region.
Slater & Gordon’s UK revenues have smashed through the £100m barrier, with an 119 per cent increase in turnover from £46.1m to £101m (A$182.5m) for the 2013/14 financial year.
Withers has advised on the establishment of new industry body Innovate Finance, which supports the growth of cutting-edge technologies in the UK’s financial sector.
San Francisco firm Pillsbury has launched a Beijing base after taking a two-partner team from US rival Paul Hastings.
JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.
Cheltenham-headquartered media boutique Wiggin has posted a 22.3 per cent increase in revenue for the 2013/14 financial year, from £13m to £15.9m.
Clifford Chance will keep on 75 per cent of its September 2014 qualifying trainees in newly qualified roles.
Herbert Smith Freehills (HSF) client Drax has been defeated in the Court of Appeal over £1.3bn in Government renewable energy subsidies.
Herbert Smith Freehills will keep on 87 per cent of its autumn 2014 qualifiers.
The Solicitors Regulation Authority (SRA) will refund students left out of pocket because they enrolled before it made the decision to slash registration costs.
Two former News International (NI) lawyers including a former Harbottle & Lewis partner and the company’s former director of legal affairs will face the Solicitors Disciplinary Tribunal over alleged cover-ups in the phone hacking scandal.
Baker & McKenzie has posted its highest-ever revenue, recording a total turnover of $2.54bn (£1.51bn) for the 2013/14 financial year to 30 June.
Scotland’s Harper Macleod is to take over Glasgow-based private client boutique Bird Semple, creating a £23m firm in the process.
UK firms that have appointed non-executive directors (NEDs) to their boards have grown their revenue a third faster than those without NEDs.
Ukrainian firm Vasil Kisil & Partners has split in two, after five of its 11 partners quit to launch a new firm.
The High Court has ordered the disclosure of documents held by Addleshaw Goddard, Clyde & Co and Stephenson Harwood in the ongoing battle between Kazakhstan’s JSC BTA Bank and its former chair Mukhtar Ablyazov.
Buckinghamshire County Council has become the first local authority to form an alternative business structure (ABS), after the Solicitors Regulatory Authority (SRA) granted it a licence.
Slaughter and May is to keep on 97 per cent of its qualifying trainees this autumn.
Ashurst plans to cut its out-of-hours support staff base by half, in a move intended to improve efficiency.
Berwin Leighton Paisner (BLP) will retain 83 per cent of its qualifying trainees this autumn.
Scottish firm Burness Paull has announced a turnover of £46.3m in the year to 31 July 2014, an increase of 20 per cent on 2012/13.
Allen & Overy (A&O), Linklaters and Portuguese firm Vieira de Almeida (VdA) have been instructed on the restructuring and rescue of Portuguese Banco Espírito Santo (BES).
Herbert Smith Freehills (HSF) is stepping up to defend the second major bailed-out bank facing a shareholder dispute over losses during the recession.
Allen & Overy has won a spot alongside a raft of US giants to advise on Walgreen’s £5.6bn acquisition of its remaining stake in Alliance Boots.
Freshfields Bruckhaus Deringer has confirmed the closure of its Barcelona corporate practice and the spin-out of its IP/IT team in the city into new boutique, Intangibles Legal.
Herbert Smith Freehills (HSF) has made its seventh German partner hire, recruiting Freshfields Bruckhaus Deringer’s former energy co-head Dirk Hamann.
A fraud battle brewing between Hewlett-Packard (HP) and former Autonomy managers could see Clifford Chance and Wachtell Lipton Rosen & Katz squaring off in the High Court.
East Anglian firm Birketts has unveiled strong financial results for the 2013/14 year, achieving 12 per cent turnover growth with a 20 per cent rise in net profit.
Sidley Austin has triumphed in defending Investec against a £6.3m High Court battle brought by two former traders against their 2010/11 bonuses.
Newly-weds Charles Russell and Speechly Bircham want to get even closer. Following the successful conclusion of their merger talks, they’re now after an office where they can really get to know each other. Just don’t bother offering them a Canary Wharf office.
Lawyer News Daily
The news that FTSE 250 company Essar Energy’s legal team is to merge with that of parent company Essar Capital’s, with general counsel Sheena Singla considering an informal panel shake-up as a result, will have phones ringing off the hook around the City.