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.
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International law firms still operate on an antiquated, colonial model that ignores the globalisation of the economy, says Dentons chair Joe Andrew.
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 […]
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 […]
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 […]
Global business is increasingly familiar with the prospect of short-notice public investigatory attention, whether from regulators, law enforcement, political forces or as a consequence of sanctions, and this can – in in some cases – devastate individual and corporate reputation.
Despite the fact that the threat of an investigation alone can be enough to paralyse a business, early warning signs are often missed and businesses can mistake an investigation risk for a reputation risk. Those who handle serious issues well are able to triage the issue at an early stage and identify its potential impact, […]
Analysis of recent fines suggests that environmental prosecutions are resulting in more substantial fines, especially for ‘very large organisations’.
On September 22, 2021, the Quebec government adopted Bill 64, An Act to modernize legislative provisions as regards the protection of personal information, enacting significant changes to the requirements governing the use and protection of personal information under various statutes, including notably the Act respecting the protection of personal information in the private sector and the Act respecting Access to documents held by public bodies and the Protection of personal information.
The Data Protection Authority in Hungary (Nemzeti Adatvédelmi és Információszabadság Hatóság), recently published its annual report which included details of a fine of €670,000 (HUF 250,000,000) being imposed on a bank. To date, this fine is the highest imposed by the Hungarian Authority.
International law firms still operate on an antiquated, colonial model that ignores the globalisation of the economy, says Dentons chair Joe Andrew.
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 […]
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 […]
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 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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Shearman & Sterling is boosting its leveraged finance practice with a White & Case hire, its fourth new partner joiner of 2022. Shameer Shah makes the move, having spent almost nine years at White & Case. His main practice focuses on acquisition finance and special situations across private credit, investment banks and other financial institutions. […]
Slater & Gordon has finalised part of a strategic review of its UK business, with discussions ongoing as to whether certain practices fit into its revised model. As a result of the review, the firm will split its business into two main departments named Essential Legal Services (ELS) and Specialist Legal Services (SLS). ELS will […]
Magic circle firm Linklaters is to put financial sponsors at the heart of its Asia-Pacific operation after a strategy refresh led by regional managing partner William Liu. As part of the strategy, Linklaters is aiming to increase revenue by 10 per cent each year as well as making commitments to flesh out what the firm […]
Sky Group’s general counsel has left the business, leading to the appointment of a new legal head at the broadcasting company. Niamh Grogan has joined Sky as its new group general counsel after leaving multinational insurance adviser Willis Towers Watson. There, she was its global deputy general counsel and chief operating officer for more than […]
Firms in the US, with workforces impacted by last week’s Supreme Court decision on abortion rights, are entering discussions with their medical insurers to determine whether they can cover out-of-state travel costs. The US Supreme Court last week overturned Roe v Wade, meaning it will be up to individual states to make decisions on abortions. […]
Social care provider CareTech has been sold to a consortium, advised by Ashurst, in an £870m deal. Ashurst chair Karen Davies led the team representing Amalfi Bidco, a newly-formed company indirectly owned by Sheikh Holdings Group (Investments), Belgravia Investments and Kensington Capital, and funds managed and advised by THCP Advisory. Davies was supported by fellow […]
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