Bonuses, court battles and Belfast – the last week on the web has prompted plenty of comments as the legal news keeps coming in.
The story receiving the most hits last week was the sad news of the death of Bates Wells Braithwaite’s Stephen Lloyd in a boating accident. A number of people left tributes to Lloyd in the comments, remembering a “kind and brilliant man” who was loved by clients and colleagues alike.
Private equity remains one of the busiest practice areas for lateral hires. This week Ropes & Gray took Travers Smith partner Phil Sanderson, and news broke that Clifford Chance was recruiting to build up its private equity team as associates followed partners who have already left for US firms.
The summer has been a busy one for panel reviews, and Unilever was the latest to announce results last week. A number of firms including Baker & McKenzie, Mayer Brown, Olswang and Slaughter and May won spots on the consumer giant’s roster.
Outside London there was plenty of activity. Mills & Reeve managing partner Guy Hinchley revealed his plans for Leeds and Scottish firm Burness Paull announced it was paying all its staff a 10 per cent bonus after hitting financial targets.
In Manchester, cracks seem to be appearing in the integration process between Pannone and Australian listed personal injury giant Slater & Gordon as news broke that four legacy Pannone partners have risked their capital to leave, despite a three-year lock-in.
The outsourcing trend is continuing apace – Baker & McKenzie has plumped for Belfast for its second global services centre, creating 250 jobs within three years.
And finally, amid a raft of litigation continuing despite the courts’ vacation, CVC has been ordered to pay Anheuser-Busch InBev €129m after changing its legal advisers several times during the course of the companies’ dispute.