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Dentons chief: the old law firm model is simply colonial
International law firms still operate on an antiquated, colonial model that ignores the globalisation of the economy, says Dentons chair Joe Andrew.
Three partners to exit Greenberg’s London office
Two partners from Greenberg Traurig’s real estate group are leaving the firm for a rival US player, The Lawyer can reveal, while another member of its corporate team is also exiting for a new role. Real estate-focused private equity partner Tim Webb and colleague Emma Maher are to join K&L Gates, while corporate finance partner […]
Greenberg reels in new partner from Stephenson Harwood
Stephenson Harwood is to lose another partner to a US outfit in the City, over a month after it was revealed that corporate finance partner Warren Allan is leaving for Proskauer Rose. Aircraft and rail finance partner Graeme McLellan is to join Greenberg Traurig. McLellan has been a partner in Stephenson Harwood’s asset finance team since […]
Greenberg Traurig chief: we love BLP, but we’re not changing our pay system
As merger talks between Greenberg Traurig (GT) and Berwin Leighton Paisner (BLP) continue at pace, GT executive chairman Richard Rosenbaum has outlined the key obstacles to any merger with BLP: any change to its ‘black box’ closed remuneration arrangements and any verein-style compromise over financial integration. GT’s ‘black box’ compensation framework remunerates partners on a […]
Colonial? A unified global firm that respects its partners is far from that
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Dentons chief: the old law firm model is simply colonial
International law firms still operate on an antiquated, colonial model that ignores the globalisation of the economy, says Dentons chair Joe Andrew.
Three partners to exit Greenberg’s London office
Two partners from Greenberg Traurig’s real estate group are leaving the firm for a rival US player, The Lawyer can reveal, while another member of its corporate team is also exiting for a new role. Real estate-focused private equity partner Tim Webb and colleague Emma Maher are to join K&L Gates, while corporate finance partner […]
Greenberg reels in new partner from Stephenson Harwood
Stephenson Harwood is to lose another partner to a US outfit in the City, over a month after it was revealed that corporate finance partner Warren Allan is leaving for Proskauer Rose. Aircraft and rail finance partner Graeme McLellan is to join Greenberg Traurig. McLellan has been a partner in Stephenson Harwood’s asset finance team since […]
Greenberg Traurig chief: we love BLP, but we’re not changing our pay system
As merger talks between Greenberg Traurig (GT) and Berwin Leighton Paisner (BLP) continue at pace, GT executive chairman Richard Rosenbaum has outlined the key obstacles to any merger with BLP: any change to its ‘black box’ closed remuneration arrangements and any verein-style compromise over financial integration. GT’s ‘black box’ compensation framework remunerates partners on a […]
Clifford Chance ups the litigation stakes with new revenue pledge
Clifford Chance has set out plans to increase the amount of revenue its disputes group generates, in a move that would ensure litigation accounts for a quarter of firmwide turnover. As it stands, 20 per cent of Clifford Chance’s revenue is estimated to be made up of litigation, according to The Lawyer’s Global Litigation 50 […]
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Judge wins landmark whistleblowing case in Supreme Court
A judge who claims she was “bullied, ignored and undermined” by her peers has won a landmark case in the Supreme Court, which ruled she should be classed as a worker and granted the same legal protections as whistleblowers. After a range of cost-cutting reforms were announced by the Ministry of Justice in 2010, District […]
Ashurst jumps on fintech bandwagon with accelerator launch
Ashurst has set up a new accelerator programme for up to 30 fintech companies, following similar efforts made by firms such as Allen & Overy, Slaughter and May and Addleshaw Goddard. The firm has launched FinTech Legal Labs, which will be run in its new London headquarters in the Fruit & Wool Exchange. It is […]
Fieldfisher, Enyo and Pinsents lose out in PrivatBank appeal
Hogan Lovells has been successful in an appeal for its client PrivatBank, allowing the firm to pursue the lawsuit in London against oligarchs represented by Fieldfisher, Pinsent Masons and Enyo. The Ukrainian bank challenged a High Court judgment, which ruled the case does not have jurisdiction in London and that a worldwide freezing order on […]
Latham wins key IPO mandate for special effects company
Latham & Watkins has advised special effects company DNEG on its anticipated IPO on the London Stock Exchange. DNEG hopes to raise £150m in new shares to fund company growth and reduce its net debt through the listing. The visual effects entity published its registration document today, which was approved by the FCA. The team […]
A&O’s NY finance practice dealt a blow as pair leave for Shearman
The co-heads of Allen & Overy’s leveraged finance practice in New York have left the magic circle for Shearman & Sterling. Alan Rockwell and Michael Chernick, who cover all areas of leveraged finance, including M&A and private equity LBO financings, are to make the move from A&O. Rockwell started his career at the Scottish firm […]
The Lawyer’s top 200 UK law firms revealed
The largest 200 UK law firms are revealed in The Lawyer’s UK 200 latest report.