It was a long time coming, but Berwin Leighton Paisner (BLP) has finally unveiled its 2012/13 profit figures. And as widely expected, they reveal a 39 per cent drop in average profit per equity partner (PEP) and a 38 per cent drop in net profit. PEP has tumbled from £660,000 to £401,000 while net has […]
What a busy first week after the summer break. Clyde & Co found itself an ally in Indonesia, while Allen & Overy’s former Asia restructuring head David Kidd has found a new home at Linklaters. Some are less fortunate, such as K&L Gates’ former Hong Kong partner Navin Kumar Aggarwal, who has been sentenced to […]
Jones Day, King & Spalding and Norton Rose all taken roles on the sharia-compliant financing of King’s Reach Tower on London’s South Bank. A joint venture between Saudi-based Jadwa Investments and the UK’s CIT secured a £100m senior facility from a consortium of banks led by ABC International Bank, a European subsidiary of Arab Banking […]
We asked how will the media legal landscape develop in a post-Leveson environment? Whatever proposals the Leveson Inquiry come up with, the process of the Inquiry was itself a boon for freedom of expression. A great deal of witness and documentary evidence about the practices of the press, politicians, and the police, is now squarely […]
Legacy Herbert Smith and Freehills lawyers are set to combine under one roof in Singapore – the only jurisdiction where the merged firm has duplicate offices. Lawyers from the Freehills side of the business will relocate less than 1,000 metres, from 39 Robinson Road to 50 Raffles Place, and move into Herbert Smith’s offices in […]
News Corp has appointed five group chief compliance officers, including former Davis Polk & Wardwell and WilmerHale lawyers, as part of its bid to strengthen its compliance structure. Gerson Zweifach, News Corp’s group general counsel and chief compliance officer, who joined the company earlier this year (3 January 2012), will sit atop the new compliance […]
Following Co-operative Legal Services’ (CLS) announcement earlier this year that it was going to start recruiting on a biblical scale by creating some 3,000 jobs, the company has now created a roster of barristers’ chambers to give it access to ‘every court in the land’. They don’t do things by halves at the Co-op. CLS […]
Slaughter and May is looking to cut some 28 secretarial staff out of a total team of 165 in London with the firm blaming the changing role of secretaries at law firms. Slaughters told staff this morning that it had been reviewing its secretarial resource in London following technological advances that have allowed lawyers to […]
Scottish firm Harper Macleod has boosted its public sector, housing and infrastructure team with the addition of two partners from McClure Naismith, as the latter also loses two partners to MacRoberts. Euan Mitchell and Euan Pirie, both partners in McClures’ Edinburgh office, will join Harper Macleod in November. Mitchell is qualified to practise in both […]
Nomura has restructured its global legal team in the wake of the departure of its wholesale legal head. General counsel for wholesale legal David Graham left the bank in September. Following news of his departure, chief legal officer Noriaki Nagai announced plans to relocate Yasushi Takayama, who headed group legal and Japan transactions legal teams […]
DLA Piper drafted in some 20-plus partners to wow Levi Strauss & Co’s legal team at a pitch for a Europe-wide mandate earlier this year. DLA Piper won the pitch and was appointed to advise Levi’s on a non-exclusive basis across Europe, for an indefinite term, on franchising, distribution, real estate, commercial, litigation and employment […]
Addleshaw Goddard, Ashurst and Nabarro are the advisers behind William Hill and GVC Holdings’ bids for online betting service Sportingbet. High street bookmaker William Hill and Aim-listed European Gaming company GVC confirmed earlier this month that they were considering making a joint offer for Sportingbet, which had seen stocks jump around 17 per cent in […]