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Malaysia gives brush off to foreign law firms

The Malaysian government has turned down several applications from foreign law firms desirous of opening offices in the country, despite a public commitment to open up the legal sector The move, which has hit two UK law firms, has been condemned as protectionist by the Law Society of England and Wales.The applications, which are believed […]

Australia’s top firms get to grips with HIH inquiry

Like a ball of string, failed Australian giant HIH Insurance is slowly being unravelled by a royal commission that is unrivalled in Australian legal history for its scope and the number of players involved There are enough silks – at least 17 – at the inquiry to make a parachute and more than double that […]

Freshfields and A&O clean up on Zurich/BoS venture

Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have shown that when it comes to handling meaty corporate transactions, there is no substitute for the magic circle. Bank of Scotland (BOS) and Zurich Financial Services have pooled resources to form an online banking joint venture – Zurich Bank.An A&O team led by corporate partner Richard […]

Simmons and Watson Farley discuss marriage

Top-10 UK firm Simmons & Simmons is in merger talks with top-30 firm Watson Farley & Williams to create a 1,000 fee-earner firm with combined revenues of more than £200m The negotiations – first revealed on www.thelawyer.com – were led by Simmons managing partner David Dickinson and Watson Farley chairman Christopher Preston.

The outsiders

Can an ‘outsider’ such as an accountant run a law firm better than the traditional partnership model? Jon Robins finds out if the trend towards corporatisation is all it’s cracked up to be Senior partner Trevor Lee believes that the typical partnership takes a perfectly good fee-earner and makes a not-so-great manager out of them. […]

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