Everyone knew there would be moral hazard issues with the UK Government’s furlough scheme when it was announced. All companies, including law firms, now have the option of moving a portion of their staff salaries onto the taxpayer without worrying about paying redundancy packages, regardless of how financially secure their balance sheet is. Tottenham and […]
As law firms across the world implement a wave of financial contingency measures, Hausfeld has opted to take a different route in a bid to maintain business, boldly reserving £1m worth of its lawyers’ time to pursue coronavirus-related claims. As part of a firmwide initiative, involving partners, associates and trainees, Hausfeld is looking to attract […]
Allen & Overy (A&O) has announced two new banking and corporate heads, coming swiftly after the firm’s leadership election results. Philip Bowden has been reappointed as global co-head of banking, with Hong Kong-based Vicki Liu stepping into the role of co-head alongside him. She succeeds Amsterdam-based Andrew Thomas, who was in the position for four […]
Two global banking giants are set to go head to head in the High Court, with Boies Schiller Flexner also pitted up against Clifford Chance in the dispute worth over £10m. Dutch-based ING Bank lodged its claim against Spain’s Banco Santander back in February, alleging it is entitled to at least £10m in damages due […]
Everyone knew there would be moral hazard issues with the UK Government’s furlough scheme when it was announced. All companies, including law firms, now have the option of moving a portion of their staff salaries onto the taxpayer without worrying about paying redundancy packages, regardless of how financially secure their balance sheet is. Tottenham and […]
As law firms across the world implement a wave of financial contingency measures, Hausfeld has opted to take a different route in a bid to maintain business, boldly reserving £1m worth of its lawyers’ time to pursue coronavirus-related claims. As part of a firmwide initiative, involving partners, associates and trainees, Hausfeld is looking to attract […]
Allen & Overy (A&O) has announced two new banking and corporate heads, coming swiftly after the firm’s leadership election results. Philip Bowden has been reappointed as global co-head of banking, with Hong Kong-based Vicki Liu stepping into the role of co-head alongside him. She succeeds Amsterdam-based Andrew Thomas, who was in the position for four […]
Two global banking giants are set to go head to head in the High Court, with Boies Schiller Flexner also pitted up against Clifford Chance in the dispute worth over £10m. Dutch-based ING Bank lodged its claim against Spain’s Banco Santander back in February, alleging it is entitled to at least £10m in damages due […]
Happy… Thursday?
Hybrid working has been a significant success for Big Law, with lawyers now used to being able to switch between meetings and the domestic chores. Yes, the working day might be longer, but it’s been more productive for both home and work life. Sadly, the washing may begin to pile up again, as new research […]
All the magic circle’s partner promotions are in for 2023, so what’s interesting about those made up in London this year? Here are a few points that jump out. The magic circle is even less Oxbridgey than ever Just 30 per cent of the 46 new magic circle partners this year hailed from Cambridge (seven) […]
Dodgy-looking characters losing thousands in the casino, sky-high fountain displays dancing in front of glitzy hotels, and George Clooney with his 11-strong mob breaking into vaults are sights you expect to witness in Las Vegas. And a recent holiday to Sin City did not disappoint – except the Clooney part, unfortunately. What was unexpected was […]
Access to justice remains a neglected ideal for this Government
If you need further evidence of Allen & Overy and Shearman & Sterling’s very serious intentions to merge, just look at which firms are sorting out the nitty gritty. First off, they did not seek M&A advice from their own – and therefore cheaper – partners. They went external, and to no less than Simpson […]
This a self-indulgent piece written by an entitled middle-class university educated white male. I know that could be the initial thought for some reading this. We are all quick to make snap judgments and I have to remind myself of this. I want to crack the veneer of that appearance and look a little deeper […]
You need a couple of attempts to crack America. For Allen & Overy, the O’Melveny negotiation was simply the appetiser before the main course. Ashurst, though, has had a few too many sharing plates. Who can forget the rejection of Latham? The talks with Fried Frank that led to the Ashurst managing partner defecting to […]
Latham & Watkins has retained its position as the largest US-headquartered firm in the UK, with an estimated City growth rate of 4 per cent in 2022. Latham is thought to have generated $702m in London last year, the highest level of fee income ever achieved either by it or any US firm. However, the […]
The majority of trainees left stranded ahead of the winding down of MJ Hudson’s legal arm have found new homes. So far, trainees have been split up among three firms: one to DLA Piper, two to Baker McKenzie, and an additional trainee to Haynes & Boone. Tenzin Woden joins an 11-strong team of partners and […]
Bryan Cave Leighton Paisner (BCLP) has hired David Dunnigan as a senior consultant in its corporate and finance transactions department. Dunnigan was previously at magic circle firm Clifford Chance for over 36 years, until he retired from the partnership at the end of 2021. He was also the global head of the capital markets practice […]
