Only the City benefits from the SFO
If the UK wants to get serious on white-collar crime, it needs to spend more
A £1.5m loss is okay in this market
Stalling margins could break the defendant insurance market
Partners aren’t going to like this tax bill
How equity partners are taxed is being reformed, piling pressure on firms’ financial reserves
Thanks to the competition lawyers, the busiest team in your firm
As the markets uneasily shook into 2023, much attention was given to the role of restructuring lawyers and the need for firms to bolster their teams. However, there’s an area that’s shown little sign of dwindling in a slowdown: competition. There are plenty of US firms with sizeable, or longstanding, competition practices in London, namely […]
Anything Clifford Chance can do, Norton Rose wants to do better
Law firms are well-accustomed to a bit of friendly – and sometimes unfriendly – rivalry. How else are they to remain competitive in such a merciless market? The ongoing talent wars means firms must be sharp about talent retention, whether that means upping the cash stakes, hastening the track to partnership or getting vocal about […]
Hiring another firm’s managing partner? Surely not
It sounds mad, but this very thing happened twice in Scandinavia late last year
Shell’s longstanding legal chief to step down
The legal director of FTSE 100 energy giant Shell is to hand over the reins after nine years in the role. Donny Ching is stepping down as its legal director, having been in the role since 2014. His 33-year tenure at the business will come to an end in June, when he will be replaced […]
Plexus secures £5m cash injection after Grant Thornton probe
Defendant insurance firm Plexus is to receive further investment from its private equity backer, as the firm seeks to move past an 18-month-long investigation into financial irregularities. Since 2019, the firm’s backer has been Access Capital. Access provided an initial investment of £15m, of which £1m was put in by Origin Equity, to buy shares […]
Quinn and Pallas make their pitches to disgruntled Credit Suisse investors
Quinn Emanuel Urquhart & Sullivan and Pallas Partners have made separate pitches to Credit Suisse investors in the hope of pursuing litigation against those allegedly responsible for making the Swiss bank’s Additional Tier 1 Bonds (AT1s) worthless. Credit Suisse’s AT1s were written down to zero last weekend after the Swiss Federal Department of Finance, the […]
Linklaters makes second PE hire in a month
Latham & Watkins has lost one of its infrastructure private equity partners to Linklaters. John Guccione has spent nearly three years as a partner at Latham. He was previously at OMERS Infrastructure between London and Toronto for over a deace. Training as an associate at Torys in Canada, he was also a managing associate at […]
Ten make the grade in Slaughters promotions
Slaughter and May has given the nod to 10 lawyers this year in its London office. In London the lawyers who made the cut are Warwick Brennand, Hemita Sumanasuriya and Simon Tysoe, all in corporate and M&A, and with seven years’ PQE. David Hay has been made up in financing, while Tim Newey, Lorna Nsoatabe […]
Kennedys and Weightmans called up for rugby injury legal action
Specialist sports boutique Rylands Garth has brought a claim on behalf of 54 former amateur rugby players against World Rugby, Welsh Rugby Union (WRU) and Rugby Football Union (RFU). The players are bringing a personal injury lawsuit against the governing bodies, claiming they failed to protect them from permanent brain injury. In January, it was […]
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