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Revenue at Paul Weiss hits $1bn mark in 2014 year-end results

US firm Paul Weiss Rifkind Wharton & Garrison has broken through the billion-dollar barrier in its 2014 financial results, posting a 11 per cent boost in revenue to $1.03bn (£677m). Partner profits grew 6 per cent during the 2014 financial year, rising from $3.6m to $3.8m. Paul Weiss’ overall headcount also increased, with a 10 per cent […]

Linklaters moves 10 financial processes staff to Warsaw after outsourcing contract ends

Linklaters is relocating 10 back office staff from its London and Colchester offices to a low-cost business services centre in Warsaw. The move follows a decision by the firm to bring 60 business and financial services staff back in-house in the Polish city after choosing not to renew its contract with outsource provider Infosys last […]

merger deal

Freshfields and Skadden advise on Ball Corporation’s £4.3bn bid for UK rival Rexam

Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have won roles advising on the proposed merger of the world’s two largest drinks can manufacturers.  The deal would see US-based Ball Corporation acquire its British rival Rexam for £4.3bn. The transaction is expected to raise significant antitrust issues, and the offer features notable break […]

corut

SFO ordered to pay £7m in legal costs for Guildhall Chambers silk trial

The Serious Fraud Office (SFO) has been ordered to pay £7m in legal costs for Guildhall Chambers’ Stephen Davies QC and four other defendants cleared of fraud last year. Mr Justice Hickinbottom made the costs order this morning after throwing out the SFO’s case, known as ‘Celtic Energy’ against Davies and his fellow defendants last […]

whitehall

Government admits procedures for handling legally-privileged information are unlawful

The Government has admitted that the security services’ procedures for handling legally-privileged communications do not meet the requirements of the European Convention on Human Rights (ECHR). In a statement issued yesterday (18 February), the Government conceded that policies applied since 2010 for the handling of legally-privileged information by the security and intelligence agencies did not […]

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