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Don’t call us magic circle: can Freshfields win over Wall Street?

Freshfields is taking on corporate America as part of a wider mission – to become a leading player not in the magic circle but in the ‘international elite’

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Horizon

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HSF repays £75m in Covid borrowings

Herbert Smith Freehills has been able to repay £75m worth of additional funds taken as a precaution from its revolving credit facility at the start of the pandemic. The firm said the draw down has now been fully repaid due to its strong financial performance over 2019/20. The firm’s LLP accounts show that borrowings rose […]

Chinwe Odimba-Chapman

Clifford Chance hires new chief people officer from Goldman Sachs

Clifford Chance has recruited a new chief people officer, while also appointing a global partner for talent from its City employment team. Grant Eldred joins as chief people officer, having worked as global head of HR transformation at Goldman Sachs. He starts at Clifford Chance in April, with the remit of implementing a new strategy and […]

revolut

Challenger bank Revolut seeks refresh of legal roster

Revolut is looking to review its legal panel after forming an inaugural roster a year ago. The Lawyer understands that the British challenger bank is assessing its panel, which was put in place last year. Six firms were appointed, including Linklaters, Baker McKenzie and DLA Piper. The panel was put in place for a year. […]

Cannon Place

CMS extends sabbaticals to new partners

CMS is extending the option to take sabbaticals to the newest members of its partnership, as the business world moves toward more flexibility and balance between life and work as a result of the pandemic. Sources told The Lawyer that the firm had been mulling the idea of providing this opportunity to its younger partners […]

DLA hires Freshfields partner as new head of finance

A former head of Freshfields Bruckhaus Deringer’s finance group has left the firm to take on a new role at DLA Piper. DLA has taken on David Trott to lead the practice from May 2021. Trott has been a partner at Freshfields since 1997 and led its global finance team between 2012 and 2016. His […]

PPE

Court caps UK Government’s £1m PPE costs bill

The UK Government will be unable to recoup its £1m bill for legal fees should it succeed in fending off a judicial review concerning its £15bn procurement scheme for personal protective equipment (PPE). A cost-capping order was handed down by the High Court on Tuesday that set costs exposure at £250,000. This is above the […]

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