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COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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Bingham McCutchen London: profit up

The London office of US firm Bingham McCutchen has boosted profit despite a slight drop in turnover. Average profit per equity partner rose 7.4 per cent from $1.75m to $1.88m and turnover dropped 4.6 per cent from $32.5m to $31m. London managing partner James Roome said: “Restructuring really kicked in towards the end of the […]

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Wragges shortlists City merger suitors

Wragge& Co is drawing up a list of London merger targets as it seeks to invest £20m of reserved cash. Heads of department have been asked to draw up shortlists of ideal merger firms as part of their business plans, alongside recruitment and other growth opportunities. Senior partner Quentin Poole said: “These economic downturns are […]

Orrick promotes 13 in latest partnership round

Orrick Herrington & Sutcliffe has made up 13 lawyers to the partnership in the firm’s latest round of promotions. Orrick Herrington & Sutcliffe has promoted 13 lawyers to its partnership in the latest round of promotions. All but one of the promotions were made in the firm’s US offices, with Los Angeles, San Francisco and […]

Hackney swoops for Kensington legal boss

The London Borough of Hackney has poached former Kensington and Chelsea legal chief Gifty Edila to head its team of in-house lawyers. Edila was director of law and administration at Kensington for seven years, during which time she transformed the use of external law firms. At Hackney, she replaces interim corporate director for legal and […]

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Latham 2008 revenues projected to slump

Revenues at US firm Latham & Watkins fell by up to $400m during the 2008 financial year, a drop of around 20 per cent. The firm, which will make an announcement on its financial performance next week, made headlines at the end of 2007 when it broke the $2bn revenue barrier for the first time. […]

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