11 February 2008

Paul Hastings posts robust growth for 2007

Paul Hastings has posted results that show a second consecutive year of revenue and profit growth at 20 per cent or above. Both total revenue and average profit per equity partner (PEP) at the west coast firm grew 20 per cent in 2007, to $976m (£487m) and $1.92m (£958,000) respectively. The results follow a 22 […]

Mayer Brown’s sudden impact

The financial reporting season is in full flow, so the obsession in New York this week is with numbers. Actually, when is it not? The results for US firms are now flying in, but some have been more keenly anticipated than others. In sporting terms, last year Mayer Brown had a shocker. It removed 45 […]

Slaughters and Herbies close major annuity deal

Standard Life has turned to long-term adviser Slaughter and May in a deal that will see the life insurance giant offload annuity liabilities worth £6.7bn to Canada Life. Slaughter & May partner Craig Cleaver is leading the team acting on the deal, which is expected to reduce the longevity risk on Standard Life’s annuity book […]

Defendant in Hammonds dispute joins Watson Burton

Former Hammonds partner David Jones, one of the listed defendants in the firm’s £3m dispute with 14 ex-partners, has joined Watson Burton’s construction team. Jones has been appointed as a partner and will work predominantly from Watson Burton’s London office. The former head of Hammonds construction and engineering practice is coming out of retirement after […]

McCartney/Mills divorce case rolls into second week

The Heather Mills/ Paul McCartney divorce hearing will extend into next week after the estranged couple failed to reach a settlement in London’s Royal Courts of Justice. The case was originally scheduled to conclude today (15 February). The hearing has been taking place behind closed doors and the presiding judge, Mr Justice Bennett, has slapped […]

Sullivan guides Diageo on Ketel One investment

Sullivan & Cromwell has cemented its relationship with drinks giant Diageo, advising the company on its $900m (£456.50m) joint venture with Dutch distiller Ketel One. The deal will allow Diageo, which owns Smirnoff vodka, to distribute Ketel’s premium vodka brand to a global market with an emphasis on the US. Sullivan & Cromwell, which has […]

College of Law launches Midlands property collective

A group of eleven Midlands law firms have clubbed together with The College of Law to launch a Birmingham-based commercial property training programme for junior lawyers. Cobbetts, HBJ Gately Wareing, Martineau Johnson, Mills & Reeve, Needham James, Pinsent Masons, Reed Smith Richards Butler, Shakespeare Putsman, Shoosmiths, The Wilkes Partnership and Wragge & Co are participating […]

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FSA succeeds with rare stockbroker prosecution

The Financial Services Authority (FSA) has successfully prosecuted an unauthorised stockbroker who stole over £350,000 from clients between 1997 and 2004. In London’s Central Criminal Court on Monday (11 February) William Anthony ‘Robin’ Radclyffe pleaded guilty to 15 offences and was sentenced to 15 months. He was also disqualified from being a company director for […]

Credit crunch has no impact on bankruptcies – MoJ

Bankruptcy petitions and company wind-ups have gone down in number despite the credit crunch, according to Ministry of Justice (MoJ) figures published today. The provisional statistics, published quarterly, cover companies winding up and creditors’ and debtors’ bankruptcy petitions issued in the High Court and county courts of England and Wales during the fourth quarter of […]

Cohen Millstein agrees settlement over airline price fixing

Cohen Millstein Hausfeld & Toll has reached a settlement in a US price fixing class action brought against British Airways (BA) and Virgin Atlantic. The agreement could see thousands of air passengers receive compensation from the airlines. The £100m settlement, which will be formally announced later today (Friday), will mean that eight million customers who […]

Solicitor accused of stealing £1m

McGoldricks name partner Thomas McGoldrick was accused of stealing more than a million pounds from a disabled client, a court heard yesterday (14 February). Altrincham and Croydon-based law firm McGoldricks name partner Thomas McGoldrick was accused in court yesterday (14 Ferbruary) of stealing more than a million pounds from a disabled client. McGoldrick, who is […]

DLA Piper’s US and EMEA revenues top $2bn

DLA Piper’s US and EMEA revenues top $2bn” />DLA Piper has become the latest firm to break the $2bn (£1.01bn) revenue barrier, posting global revenues of $2.1bn (£1.07bn) in the 2007 calendar year. The $2.1bn is a combined figure for the Europe, Middle East and Africa (EMEA) and US operations although they continue to operate […]

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