Debevoise & Plimpton is hiring from Goodwin Procter as it adds a new partner to its London investment funds team. Shawn D’Aguiar is switching to a new US firm in London eight years after joining Goodwin from King & Wood Mallesons (KWM). He was part of a four-partner team move led by then funds head Michael […]
We’ve just launched Partnerless, a new email specifically for associates. Sign up here for weekly career intelligence and market chatter. A dedicated secondaries team from Debevoise & Plimpton is moving across to Skadden to join its investment management group in London. Counsel Delphine Jaugey leads the team and will join as head of secondaries for Europe. […]
Kirkland & Ellis is expanding its funds team in London, by hiring a former partner of Macfarlanes. Alex Amos joins Kirkland, having resigned from Macfarlanes’ partnership at the start of 2023. Since then he has acted as a senior adviser at the firm. He was promoted to partnership in 2012. Kirkland chairman Jon Ballis said: […]
Funds-focused Euro 100 firm Arendt & Medernach has opened its first German office with the firm seeking to make in-roads into Frankfurt’s myriad financial institutions as well as the European Central Bank. The firm announced it would be opening in the German financial centre, though its new office will not offer German law capabilities. Instead […]
In a bid to build out a dedicated funds offering, Freshfields Bruckhaus Deringer has hired a new partner to kickstart the City practice. Mary Lavelle makes the move to the magic circle firm from Akin Gump Strauss Hauer & Feld. At Freshfields she becomes its global co-head of the firm’s private funds and secondaries group […]
Newcastle firm Ward Hadaway wants to be a £100m firm in the next decade, meaning it needs to add 10 per cent to its revenue every year. Here’s how it intends to do it.
It was the turn of the general counsels last week to give their perspective on the Post Office Horizon scandal. Here’s what they had to say about Womble Bond Dickinson, Linklaters and litigation funders. For live updates, check out our live blog. Funders react to Womble Bond’s plan to “stretch out the litigation process” Earlier […]
The use of LinkedIn for self-promotion has skyrocketed in the last decade, as businesspeople use social media to attract new opportunities and position themselves with authority in their industry. But it’s important to tread with caution.
Over two decades Peter Jackson has steered his firm through mergers, spin-offs and redundancies to growth
Corporate teams at Slaughter and May and Travers Smith are relying on larger – and younger – teams of associates to power up their revenues. According to data collected by The Lawyer’s Practice Analysis service, firms housing a larger number of junior lawyers help to grow revenues quicker compared to firms with a more senior […]
Leeds: Leeds’ legal industry has been going through a resurgence. The city, once known for being the largest legal hub outside of London a couple decades ago, had fallen behind the bustling centres of Manchester and Bristol in the years that followed. But with seven UK100 firms having opened in Leeds since the Covid-19 pandemic […]
Addleshaw Goddard’s energy practice has come a long way from doing the “weird renewables stuff” in the 90s, now aiming for £70m in revenue by the decade’s end.
North West: As revealed in The Lawyer on Tuesday, Brabners has kicked off a new three-year strategy. The last one certainly paid dividends, and newly-reelected managing partner Nik White was in ebullient spirits when he talked to Beyond the Bubble earlier this week. “It’s the power of 24,” he says cryptically, before explaining that “it […]
General counsels are well placed to be chief people officers, top lawyers say, becoming powerful and trusted advisers on the workforce, legal matters and risk.
In April 2022 the FCA launched a three-year strategy (Strategy 2022 to 2025) (Strategy), in the hope of delivering better outcomes, and its 2022/23 Business Plan. In this Insight, Sushil Kuner, a Principal Associate in the Financial Services Regulatory team, summarises the key themes of the Strategy, highlighting how the FCA’s approach appears to be its most aggressive yet.
The IOSCO consultation report, published on 6 April 2022, represents the output of a five-year long collaboration between regulators of major global ETF domiciles focussed on two broad themes, namely the effective functioning of the primary market and appropriate disclosure to investors, and is set against the backdrop of significant ETF growth, in-depth market studies and stress events.
The Central Bank of Ireland has issued the largest monetary fine to date on a Fund Service Provider in Ireland. A fine of €10,780,000 was imposed on BNY Mellon Fund Services (Ireland) DAC.
Powers of Attorney (PoA) are commonly used in private equity transactions due to the operational efficiencies they can create. In the funds context, one such operational efficiency is often realised in the subscription agreement further to which a PoA is typically granted by each investor in favour of the general partner (or any other nominated party).
This publication has been prepared for the assistance of those who considering mergers, consolidations or schemes of arrangement for or between Cayman Islands companies or between Cayman Islands companies and foreign companies as well as takeovers of Cayman Islands companies. It outlines in broad terms the differences of each process and the general requirements for each under Cayman Islands law.
This month’s edition looks at: • Dates & Deadlines: Q4 ’21 / Q1 ’22 • EU Sanctions in response to situation in Ukraine • Central Bank 2022 Supervisory Priorities • Inducements Ban for all Retail Investment Product • ESMA Opinion on MMFR Review • ESMA CSA on MiFID Costs and Charges
To date in 2022, the EU has adopted four sanctions packages in response to the developing situation in Ukraine (2022 Sanctions Packages). Each of the 2022 Sanctions Packages includes one or more directly effective EU Regulations which introduce new, or amend existing (in place since 2014), EU sanctions regimes. Our briefing on the first package of EU sanctions is available here.
HM Treasury has published a response document to its ‘Review of the UK Funds Regime: call for input consultation’. The main objectives of the review were to identify options to help make the UK a more attractive location to set up, manage and administer funds, and to support a wider range of more efficient investments better suited to investors’ needs.
With over 1,000 securitisation vehicles (SVs) and thousands of related compartments, the Luxembourg securitisation market has enjoyed a continuous and steady growth. It is also forecast that this well-established trend will continue to gain further strength in the coming years.
Cross-Border Distribution of Funds
New research from BigHand and Iridium (recently acquired by BigHand) has revealed the full extent of law firm profit leakage and firms lack of long-term cash flow process and real-time data to make sustainable change.
From 2 February 2022, Irish-authorised UCITS management companies and AIFMs must ensure that marketing communications published in respect of UCITS and alternative investment funds comply with the ESMA Guidelines on Marketing Communications under the Regulation on Cross-Border Distribution of Funds.
