Spanish giant Garrigues has broken through the €200m barrier this year, reaching a turnover of €223m. Revenues are up €29.5m on last year’s figure of €193m, representing a 15 per cent rise. The figures were confirmed at the annual partnership meeting in Madrid, where the firm also unveiled 20 new partners, boosting partner numbers to […]
The parent group of the New York Stock Exchange has named its new general counsel, taking the former legal head of Citigroup International. Rachel Robbins, former general counsel of all of Citigroup’s non-US operations, takes over the top legal job at NYSE Group from Richard Bernard, who retired earlier this year after ten years in […]
In-house counsel have slammed law firms for a lack of business awareness as companies struggle to avoid disputes. In-house counsel are increasingly looking for early intervention to avoid disputes escalating to litigation, but are finding private practice firms sorely lacking in the area, according to a survey by Grant Thornton’s forensic and investigations services practice. […]
Latham & Watkins has won a hard-fought battle to recruit chief Enron prosecutor Sean Berkowitz into private practice. Berkowitz, who headed the Department of Justice’s task force into Enron and successfully prosecuted the energy giant’s CEO and chairman, chose Latham over Chicago stalwarts such as Kirkland & Ellis and Paul Hastings Janofsky & Walker, which […]
Another week, another consultation on Lovells’ lockstep. Another week, another consultation on Lovells’ lockstep. Fourteen months after the firm decided that there was very little appetite for a bonus pool or super-points, its latest wheeze is to propose off-lockstep deals to attract laterals in the US. Genius. In other words, Lovells is risking alienating the […]
Fulbright & Jaworski has opened in Beijing, giving the Texan oil and gas specialist its second Asian office. The firm has maintained an office in Hong Kong since 1990, and will transfer partners Jeffrey Blount and Michael Arruda from the city to Beijing. Blount will take the dual role of Hong Kong and Beijing managing […]
Only one last-minute change to the Companies Bill was secured by the GC100, the body of FTSE 100 general counsel, and other business interest groups in a meeting with the industry minister ahead of tonight’s (2 November) debate in the House of Lords. The GC100, the Confederation of British Industry (CBI) and other groups met […]
Silver circle firm Ashurst is celebrating a record first six months after preliminary figures showed the firm was up 28 per cent on the previous year. According to an internal announcement made earlier this afternoon, the firm turned over £117m at the half-year stage, compared to £91m the preceding year. Managing partner Simon Bromwich said […]
Allens Arthur Robinson (AAR) is to bolt on the two Vietnam offices of Phillips Fox following their decision to shun a link-up with DLA Piper. The Hanoi and Ho Chi Minh City practices of Phillips Fox will link with AAR from 1 January 2007, subject to regulatory approval, taking over the premises for the two […]
Bird & Bird has raided Gassner Stockmann & Kollegen in Germany, hiring banking and finance partner Bertold Frisch for its Frankfurt operation. The firm opened its Frankfurt office in August last year, with the aim of breaking into the lucrative financial services sector. Bird & Bird will look to Frisch, who specializes in real estate […]
Lovells’ management is to push forward with further changes to the firm’s partner remuneration structure, as the top ten City firm’s lockstep review enters a third and final phase. The remuneration committee has circulated a discussion paper with three separate proposals to partners today (2 November) in advance of the firm’s partnership conference in Barcelona […]
Cuatrecasas corporate partner Jose Luis Blanco has resigned, leaving the way open for him to launch Latham & Watkins’ first Spanish office. Blanco Ruiz specializes in M&A transactions in the tech sector, working from the firm’s Barcelona base. Latham is understood to have wanted a foothold in the Spanish market for some time, and would […]