Clifford Chance, Allen & Overy, DLA Piper and Quinn Emanuel Urquhart & Sullivan were all on call as NMC Health failed to secure creditor support. The healthcare provider is now set to collapse into administration after it failed to secure support from its creditors at the Abu Dhabi Commercial Bank (ADCB). The bank, which has […]
Partners at Ashurst will have their monthly drawings reduced by 20 per cent as part of a firmwide programme to ensure its financial resilience through the Covid-19 crisis. The firm has today announced a Stronger Together programme, which covers all of its 28 global offices in 16 countries and impacts every member of staff, which […]
UK partners at Osborne Clarke are to defer 75 per cent of their quarterly profit distributions, with the firm also furloughing staff across its offices. The Lawyer understands that the firm has furloughed more than 100 staff members, though the firm did not comment on specifics. It is understood that the roles affected are all largely […]
Nearly two years ago, Withers – best known for big-ticket family cases, charity mandates or high-end trust planning – bought a 45-person tech firm, JAG Shaw Baker. At first glance, the purchase of the firm was not wholly obvious. JAG Shaw Baker, founded by two ex-Brown Rudnick lawyers James Shaw and Tina Baker, acted mainly […]
Clifford Chance, Allen & Overy, DLA Piper and Quinn Emanuel Urquhart & Sullivan were all on call as NMC Health failed to secure creditor support. The healthcare provider is now set to collapse into administration after it failed to secure support from its creditors at the Abu Dhabi Commercial Bank (ADCB). The bank, which has […]
Partners at Ashurst will have their monthly drawings reduced by 20 per cent as part of a firmwide programme to ensure its financial resilience through the Covid-19 crisis. The firm has today announced a Stronger Together programme, which covers all of its 28 global offices in 16 countries and impacts every member of staff, which […]
UK partners at Osborne Clarke are to defer 75 per cent of their quarterly profit distributions, with the firm also furloughing staff across its offices. The Lawyer understands that the firm has furloughed more than 100 staff members, though the firm did not comment on specifics. It is understood that the roles affected are all largely […]
Nearly two years ago, Withers – best known for big-ticket family cases, charity mandates or high-end trust planning – bought a 45-person tech firm, JAG Shaw Baker. At first glance, the purchase of the firm was not wholly obvious. JAG Shaw Baker, founded by two ex-Brown Rudnick lawyers James Shaw and Tina Baker, acted mainly […]
Kirkland & Ellis and DAC Beachcroft have landed roles on the first public-to-private deal to hit the London Stock Exchange since the start of the coronavirus lockdown. The deal involves Castleton Technology, an IT software manager to social housing providers, acquired by MRI Software, a portfolio company of TA Associates, GI Partners and Harvest which […]
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 […]
An Osborne Clarke partner is being referred to the Solicitors Disciplinary Tribunal (SDT) following a formal complaint made by Clifford Chance’s former UK tax head. In July 2022, ex-Clifford Chance partner Dan Neidle made headlines for a series of posts on the tax arrangements of leading Conservative politicians, including Nadhim Zahawi. He claimed that Zahawi had […]
Simmons & Simmons represented Barclays Bank in an $150m anti-suit and anti-enforcement injunction against Russian state investment bank, VEB. VEB was founded in 1922 as the first international bank of the USSR, and since 2018 it has been chaired by the country’s former deputy prime minister under Putin, Igor Shuvalov. The bank was represented by […]
Quinn Emanuel Urquhart & Sullivan has increased its salary for newly-qualified solicitors (NQs) to £180,000. The US disputes specialist’s other associate salaries will also rise when the move takes effect from June. A 1 PQE associate is set to be paid £195,000, while a 2 PQE associate will be on £220,000. For 6 PQE associates, […]
Quinn Emanuel Urquhart & Sullivan has lost its UK head of competition, a year and a half after he joined the firm. Lambros Kilaniotis left the firm in April, having joined Quinn from RPC (where he was head of competition) in January 2023 to co-head Quinn’s UK competition practice with partner Kate Vernon. In a […]
The latest episode of The Lawyer Podcast is out now. Last week, all eyes were on A&O Shearman, a union hailing Big Law and its future. But in this week’s episode, we consider why so many solicitors are pursuing another future: opening their own firm. A survey from Censuswide on behalf of Harbour Litigation Funding […]
