30 April 2007

Where Halliwells leads, Slaughters will follow

Halliwells is first off the mark this year with the revelation that its turnover is up by 37.5 per cent and profit up 20 per cent. Not bad for a pushy North West firm that only really got its act together three years ago. Halliwells is first off the mark this year with the revelation […]

W&C raids McDermott for London cap markets team

White & Case has raided McDermott Will & Emery for two capital markets partners to join its equity capital markets (ECM) team. Andrew Croxford and Andrew Caunt have joined the firm’s team which is actively seeking further lateral hires in London and Europe. Capital markets partner at White & Case, Tim Jeveons, commented: “The equity […]

Ashurst predicts 28.5 per cent turnover rise

Ashurst is forecasting a storming year-end with preliminary results indicating an astounding 28.5 per cent rise in turnover at its financial year-end. Turnover now stands at £275m, The Lawyer can exclusively reveal. This is a massive improvement on last year’s figure, when revenues rose by only 6 per cent on the preceding year. Managing partner […]

Halliwells smashes PEP and revenue targets

North West firm Halliwells has smashed last years profit per equity partner (PEP) figure with a 20 per cent increase taking it over £600,000. PEP shot up from £508,000 to £612,000 during the same year as Halliwells’ merger with the James Chapman & Co insurance team in Manchester. Managing partner at Halliwells, Ian Austin, commented: […]

DLA Piper wins Zambia corruption case

DLA Piper has landed a major victory for the Zambian Government today (4 May) as the high court held that the country’s former president Frederick Chiluba and four of his senior aides conspired to rob their government and people of $46m (£23m). The four-month long case which has been said to be of major importance […]

Latham bags Germany’s biggest IPO

Latham & Watkins has scooped a lead role on Germany’s largest IPO so far this year, with its first piece of major corporate work for telecoms company Versatel. Skadden Arps Slate Meagher & Flom advised Apax as selling shareholder in the €829m (£565.8m) flotation, with Holme Roberts & Owen’s Munich office advising on some German-law […]

Slaughters’ Tim Clark speaks out

Slaughter and May senior partner Tim Clark has gone on the record about the firm’s plans to compete in the international market by extending its group of best friend law firms into Asia. Clark makes the disclosure in the May edition of The Lawyer Podcast. The comments follow The Lawyer’s exclusive revelation (2 April) that […]

CC and Freshfields scoop HSBC HQ sale

Clifford Chance and Freshfields Bruckhaus Deringer advised on the sale-and-leaseback of HSBC’s global headquarters in Canary Wharf in what is the UK’s largest-ever single property deal. Clifford Chance advised Spanish property group Metrovacesa, Spain’s largest real estate company and an existing client, which bought the 44-storey building at 8 Canada Square for £1.09bn. Freshfields advised […]

In-housers get guidance on whistleblowing

The Commerce and Industry Group (C&I Group) has released new guidelines for lawyers how to implement a whistleblowing policy and avoid being caught in career dilemmas. The organisation has also compiled a report revealing that in-house lawyers are under more pressure than ever to expose company scandals even though they are the most at risk. […]

Dutch court scuppers ABN Amro sale

A Dutch commercial court has ruled that ABN Amro cannot proceed with the $21bn (£10.5bn) sale of its US operations to Bank of America (BoA). Judge Huub Willems ruled that the Dutch banking giant needed shareholders’ approval before agreeing to sell La Salle. The judgment triggers a potential lawsuit by BoA, which is being advised […]

Dewey’s hiring spree continues in US and Germany

US firm Dewey Ballantine has announced its fifth lateral partner this week and its second today (Thursday 3 May). Dewey is taking employment partner Mitchel Pahl from Alston & Bird for its New York office. Concurrently, it has swooped on Freshfields Bruckhaus Deringer for the second time this week to take corporate partner Thomas Schmuck […]

Londoners get voted off by Scots

Election fever is the topic of the day. Election fever is the topic of the day. Local elections for positions in English local authorities and the Welsh Assembly are currently being decided. But the big one is north of the border. In Scotland, elections for the 129 members of the Scottish Parliament are underway in […]

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