Firms have been frantic pondering HMRC’s new LLP rules and found a way to comply, but not how the taxman intended HM Revenue & Customs’ (HMRC) changes this month to the taxation of LLP members kicked off one of the biggest shake-ups in the UK legal market in years. In response to HMRC’s new tax rules, […]
When HM Revenue & Customs unveiled its plans to overhaul the tax treatment of LLP members and, in the process, help Chancellor George Osborne push through his “largest ever” package of measures aimed at clamping down on tax avoidance and evasion, the UK’s top law firms inadvertently landed squarely in the taxman’s sights. In its […]
After the Withers fiasco, Speechly targets a more realistic link with Charles Russell Merging firms with different histories, characters and personalities is never going to be easy. That’s a lesson Speechly Bircham has learned the hard way. Last year’s failed merger talks with fellow private client-focused firm Withers fell flat after just two months of […]
Hogan Lovells ‘under-45’ board policy may highlight generation gap in aspirations Has the next generation of managing partners already lost interest in private practice? In a recent Eversheds survey of 1,800 lawyers aged between 23 and 40, 39 per cent say they feel the partnership model is out of date. In fact, the majority of […]
Taking the lead on compliance matters to stay one step ahead of the regulator ‘scalp-hunters’ is a priority for Chris Pinney at loss adjuster Crawford The wettest winter on record is expected to cost the insurance market in excess of £1bn in claims. Loss adjustor Crawford & Company is at the centre of the ongoing […]
DWF has hired Pinsent Masons ’ financial institutions head Stephen Miles. Miles is to take on the role of CEO for the commercial services division, which accounts for around half the firm’s turnover. UK London Matthew Arnold & Baldwin has hired Roger McCourt as a partner in the firm’s banking and finance litigation department. […]
A host of billion-dollar plus deals and some chunky litigation have characterised the last six months offshore. CORPORATE Bermuda/Cayman Bermuda British Virgin Island Cayman Guernsey Isle of Man Jersey BERMUDA/CAYMAN Alliance Group acquisition of Alliance Oil Company December 2013 The Alliance Group, which was previously a major shareholder in the Stockholm-listed Alliance Oil Company (AOC), […]
The City’s halfway-house location and diverse market is drawing new offshore players – including litigators There are more Top 30 offshore firms present in London than any other jurisdiction apart from the Cayman Islands. Although the raw number of lawyers is small, 12 firms now have an office in the City, operating a base to […]
A dearth of experienced candidates has opened offshore firms’ eyes to the talent existing beyond the magic circle. But recruits must be ready for a culture shock If you look at the CVs of many partners in offshore firms a pattern emerges – a top degree at a top university followed by a stint in […]