DWF has managed to increase its existing revolving credit facilities, securing a further £15m to weather the worst of the Covid-19 crisis. The new funding solution is part of an agreement with lenders struck almost a month after the listed firm braced its investors on the impact of the coronavirus on its business, highlighting that […]
Courtroom dramas often show nervous whistle blower employees stealing company documents or trench coated figures bugging phones to obtain that key bit of evidence which will crack the case wide open. However, despite the good intentions which might be behind such actions, is illegally or covertly obtained evidence actually admissible in court? If so, what […]
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The group of companies accusing insurer Hiscox for refusing to pay out business interruption claims as a result of the coronavirus has appointed Mishcon de Reya. The action group, which now includes over 200 companies, was formed earlier this month after several businesses claimed Hiscox was wrongly denying business interruption claims relating to coronavirus. The […]
DWF has managed to increase its existing revolving credit facilities, securing a further £15m to weather the worst of the Covid-19 crisis. The new funding solution is part of an agreement with lenders struck almost a month after the listed firm braced its investors on the impact of the coronavirus on its business, highlighting that […]
Courtroom dramas often show nervous whistle blower employees stealing company documents or trench coated figures bugging phones to obtain that key bit of evidence which will crack the case wide open. However, despite the good intentions which might be behind such actions, is illegally or covertly obtained evidence actually admissible in court? If so, what […]
WARNING: DO NOT ATTEMPT TO INJECT THIS ARTICLE.
The group of companies accusing insurer Hiscox for refusing to pay out business interruption claims as a result of the coronavirus has appointed Mishcon de Reya. The action group, which now includes over 200 companies, was formed earlier this month after several businesses claimed Hiscox was wrongly denying business interruption claims relating to coronavirus. The […]
CMS has delayed partner profit distributions for the year 2019/20 to the autumn, the last among the biggest international firms to announce financial management measures to tackle the Covid-19 crisis. Distribution for the last financial year were meant to happen in July, but will be instead delayed until an unspecified time between late autumn and […]
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
Orrick Herrington & Sutcliffe has drafted in the former M&A head of Shearman & Sterling’s Italian associate firm to rebuild its transactional capacity in the country. Fabio Fauceglia joins the firm from Studio Legale Associato Shearman & Sterling, bringing with him a team of six lawyers, comprising of counsel Leonardo Pinta and five associates. Fauceglia […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
Trainees at Freshfields Bruckhaus Deringer and Slaughter and May are among the least likely to use LinkedIn, according to data provided to The Lawyer. Research conducted by TBD Marketing has ranked leading law firms according to how often its trainees use their LinkedIn profiles to write posts ranging from quick career milestones updates to long […]
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
