Global coverage

National Express

Ashurst and HSF lead on National Express’ merger talks

Ashurst and Herbert Smith Freehills have been called up on National Express’s £1.75bn merger discussions with Stagecoach. Ashurst is advising National Express, led by M&A corporate partner Tom Mercer, who is also the British coach operator’s relationship partner at the firm. Ashurst has had a relationship with National Express dating back to 1992, when it […]

Chris Lowe & Lothar Wegener

WFW set to appoint new leaders after full-scale revamp

Watson Farley & Williams’ leadership duo are to stand down from their roles early, making way for a senior and managing partner of the firm. Chris Lowe and Lothar Wegener have been at the helm as co-managing partners since 2013, when they replaced Michael Greville. They will be replaced by Athens head George Paleokrassas, who […]

Roger Morris

Burges Salmon posts double-digit profits rise

Burges Salmon saw its average profit per equity partner (PEP) spike by 15 per cent, as its revenue posted more modest growth. The PEP metric went up from £446,000 to £512,000. Meanwhile, its revenue grew by four per cent from £104.9m to £108.7m. The Bristol firm smashed the £100m revenue milestone the previous financial year. […]

A&O’s Peerpoint expands in Middle East

Allen & Overy’s flexible resourcing business Peerpoint has launched in Dubai, the latest jurisdiction included in its offering. The firm debuted its services in the United Arab Emirates in May, and it is now fully operational. The launch was driven by demand for projects within the firm’s network and from external clients over the years. […]

business deal room

Mishcon strikes merger deal with UK200 firm

Mishcon de Reya has struck a deal to create a newly-merged entity with Taylor Vinters, just over a week after the firm’s partnership voted through its IPO proposals. This new business will offer legal and consultancy services, with MDR Taylor Vinters set to be led by the Taylor Vinters management team. Following the deal, Mishcon’s […]

Keystone directors to reap rewards of £6.9m share sale

Several members of Keystone Law’s leadership team have cashed out on millions of pounds worth of shares after the firm’s value recently hit its highest-ever peak. Those selling shares included chief executive officer James Knight, compliance and operations chief William Robins and finance director Ashley Miller. Robins gained the most from his recent sale by […]

counting money

Brown Rudnick switches banks for new credit facility

Brown Rudnick has moved on from its credit facility with Citibank in favour of a new one with JPMorgan, its accounts have shown. The London office of the US firm has recently taken on the new facility, whose amount was not disclosed in public records. When it comes to its financial management, at the height […]

Boies Schiller’s Natasha Harrison to step down as deputy chair

Boies Schiller Flexner is undergoing yet another leadership change as City-based Natasha Harrison confirms she is standing down as deputy chair. Her decision to step down comes less than a year after her appointment, at a time when many touted Harrison as the heir apparent to the firm’s founder David Boies. Harrison will remain as […]

money cash

Spend a Kirkland voucher: US firm hands out $1,000 rewards

Kirkland & Ellis has issued $1,000 vouchers for its associates and non-share partners to spend on wellbeing and time off, The Lawyer can reveal. Earlier this month, the firm’s US chairman Jon Ballis sent an internal email, seen by The Lawyer, that offered its associates and NSPs a $1,000 “Kirkland voucher” to spend toward vacations […]

Italy flag

Global verein founded by Fidal and Luther expands to Italy

A newly-created global verein, led by two of the largest European firms, has added an Italian player as its third member. Italian law firm Pirola Pennuto Zei & Associati has joined as the Italian member firm of unyer, a global multi-disciplinary platform founded by the largest French firm Fidal and Germany’s Luther in May 2021. […]

Goodwin raises German pay after UK salary bump

Goodwin has raised its associate salaries in Germany by 25 per cent, The Lawyer understands, after similar increases in the UK. The firm’s first-year associates, a category that corresponds roughly to newly-qualified lawyers, will see their package go up from €130,000 to €160,000. Last July, Goodwin raised its NQ salaries in London by 6 per […]

Paris Arc de Triomphe

Goodwin strikes Dechert again to boost Paris ranks

Goodwin has hired a new partner from Dechert to bolster its life sciences and tech practice in France. Intellectual property partner Marie Fillon will work with Paris-based technology and life sciences partners Anne-Charlotte Rivière, Thomas Dupont-Sentilles and Benjamin Garçon. Rivière was also hired last April from Dechert to kickstart the practice. An expert on IP […]

milan

Linklaters hires DLA Piper team in Italy

In a boost for its real estate group in Milan and Rome, Linklaters has added a new team from DLA Piper. The magic circle firm has recruited Francesco De Blasio as its new practice head in the country, having been promoted to DLA’s partnership in 2012.  He is joined by fellow DLA lawyers Francesco Macrì […]

Singapore

McDermott hits Squires again for three-lawyer Singapore team

McDermott Will & Emery has hired a three-lawyer team from the Singapore office of Squire Patton Boggs, the second strike at its US rival in six months. Corporate partner Alfred Chia has made the move alongside counsels Dawn Tan and Melissa Kwek. Chia is understood to have left his previous firm three months ago and […]

Singapore

Orrick unveils new operations in Singapore

Orrick Herrington & Sutcliffe is to launch an office in Singapore with the addition of a partner from Watson Farley & Williams. The firm will open the outpost to accommodate the arrival of partner Jon Thursby, who was officially hired in November 2020 but spent the last eight months on secondment to Blueleaf Energy, a […]

Hong Kong

Jones Day partner joins PwC’s Hong Kong firm

PwC’s affiliated Hong Kong law firm has expanded its IP practice with the hire of a long-serving partner from Jones Day. Tiang & Partners, part of PwC Legal’s global network, has appointed Chiang Ling Li as a partner to lead its IP practice. Li joins from Jones Day where she was a partner from 2008. […]

Singapore

Latham adds Singapore trio from Shearman and Freshfields

Latham & Watkins has announced a trio of new energy partners to its Singapore office with the additions of two partners from Shearman & Sterling and one from Freshfields. All three partners will bolsters Latham’s energy and infrastructure group with Sidharth Bhasin and James Clayton-Payne joining from Shearman & Sterling, while Don Stokes joins from […]

Stephenson Harwood’s HK spin-off launches City office

Hong Kong firm MB Kemp, which was set up by a team that left Stephenson Harwood’s regional base last year, has expanded internationally with three new offices. MB Kemp’s new London operations will be spearheaded by partner Marco Pocci, who left Stephenson Harwood’s Hong Kong office after a brief stint of less than two years. […]

Hong Kong

Former DLA Piper China chair joins PRC firm

Former DLA Piper China chair and capital markets veteran Liu Wei has joined PRC firm Jingtian & Gongcheng’s Hong Kong office with three other senior lawyers. Liu Wei’s move to Beijing-headquartered Jingtian & Gongcheng comes after a 15-year tenure at DLA Piper. He was instrumental in building up the firm’s Greater China business, especially in […]

Former White & Case Asia PE head resurfaces at Norton Rose Fulbright

Norton Rose Fulbright’s Hong Kong office has added two partners, including former White & Case private equity partner Peggy Wang who left the US firm nearly two years ago. Peggy Wang will join Norton Rose Fulbright along with new partner Victor Sim, who was previously a counsel in White & Case’s debt finance and restructuring […]

Beijing China

Taylor Wessing debuts China IP agency

Taylor Wessing has launched an agency focused on intellectual property in Beijing, as its practice faces rising local workloads. The agency, which will have an exclusive partnership with the firm’s trademark and IP practice, is called Beijing Tailun IP Agency and will guarantee a degree of market access previously restricted due to the Chinese legal […]

WeBull

Kirkland HK partner joins Chinese trading app as GC

A Hong Kong partner at Kirkland & Ellis has landed a new role as the general counsel of Webull Financial, a fast-growing Chinese-owned electronic trading platform. Benjamin James left Kirkland this month following a nine-year tenure as a partner in the firm’s Hong Kong office. A seasoned lawyer focusing on corporate and US securities law […]

Seoul

Clifford Chance to close Seoul office

Clifford Chance is to close its Seoul office following a review, the first downsizing of the firm’s network since the onset of the pandemic. The firm has concluded that it will be able to serve Korean clients from its other Asia-Pacific outposts and through local alliances. The lawyers in the office are understood to be […]

Shanghai

Stephenson Harwood seeks China JV after Hong Kong restructure

Stephenson Harwood is considering a local tie up in Shanghai to grow its Greater China practice, a year after the firm closed in Beijing and restructured its Hong Kong office. Stephenson Harwood’s Greater China managing partner Jamie Stranger has revealed that the firm is formulating a new strategy having completed a major overhaul of its […]

The latest Europe briefings

Results of the 2021 Canadian federal election

The Liberal Party of Canada failed to secure a majority in Parliament, but will form another minority government. Little has changed in terms of seat counts, and the composition of the House of Commons will be largely the same in Canada’s 44th Parliament as it was in the 43rd.

Payment for order flow: duty to clients

The discussion around payment for order flow (or PFOF) has been going on for some time in the UK, is nascent in the EU and rages in the US (particularly in relation to retail broking).

Q&A: Supply of goods to Saudi Arabia and GCC preferential tax treatment

Are you considering supplying goods from the Gulf Cooperation Council (GCC) to the Kingdom of Saudi Arabia? If the answer is yes, then this is a must-read to check if you qualify for GCC preferential tax treatment (including custom duty exemption), and the commercial implications you need to consider if you don’t.