Augusta Ventures’ war chest has almost doubled after concluding a round of funding worth £250m. This latest capital raising, which is Augusta’s biggest so far, means the funder now boasts a pot of assets worth £585m to meet increased levels of demand. Augusta’s co-founder and managing director Robert Hanna told The Lawyer that the funder’s […]
Clifford Chance is to close its Seoul office following a review, the first downsizing of the firm’s network since the onset of the pandemic. The firm has concluded that it will be able to serve Korean clients from its other Asia-Pacific outposts and through local alliances. The lawyers in the office are understood to be […]
Clyde & Co and Deloitte are attempting to strike out claims against them by arguing that the case is covered by a previous settlement agreement with Barclays Bank. A three-day hearing took place last month to consider the defendants’ application, as they called on the court to dismiss allegations of the “utmost gravity against professional […]
Nearly a year since it hired Freshfields’ David Higgins to bolster its corporate offering in London, Kirkland & Ellis is to bring in two Linklaters partners to spearhead its move into the Paris market.
Augusta Ventures’ war chest has almost doubled after concluding a round of funding worth £250m. This latest capital raising, which is Augusta’s biggest so far, means the funder now boasts a pot of assets worth £585m to meet increased levels of demand. Augusta’s co-founder and managing director Robert Hanna told The Lawyer that the funder’s […]
Clifford Chance is to close its Seoul office following a review, the first downsizing of the firm’s network since the onset of the pandemic. The firm has concluded that it will be able to serve Korean clients from its other Asia-Pacific outposts and through local alliances. The lawyers in the office are understood to be […]
Clyde & Co and Deloitte are attempting to strike out claims against them by arguing that the case is covered by a previous settlement agreement with Barclays Bank. A three-day hearing took place last month to consider the defendants’ application, as they called on the court to dismiss allegations of the “utmost gravity against professional […]
Nearly a year since it hired Freshfields’ David Higgins to bolster its corporate offering in London, Kirkland & Ellis is to bring in two Linklaters partners to spearhead its move into the Paris market.
Goodwin Procter, which has been rapidly expanding in London in recent years, is to lose one of its corporate tech partners, hired from Taylor Wessing in 2019. Adrian Rainey is leaving the firm to join a venture capital client, The Lawyer understands. Rainey has been at Goodwin since June 2019, when he joined the firm as […]
There’s no doubt that firms are using non-UK growth to power their global figures. Of the 35 Top 50 firms for which The Lawyer has historical global revenue data, all but four saw higher growth outside the UK in the five years since 2019. Included in this group is Herbert Smith Freehillls (HSF), where London remains […]
Which law firms are private equity houses looking to invest in? The answer, if the conversations we’re having with managing partners are anything to go by, is ‘pretty much all of them’. Most regional firms of note have had speculative approaches at some time in the last five years or so, as private equity gradually […]
Barclays’ legal team was once among the most influential in the UK. That power has diminished over the last decade, yet the banking giant still packs a punch when it comes to talent management. Some 40 lawyers are understood to have left Barclays in the UK last year. There are cost-cutting measures at play here, […]
Keystone Law, the poster child for the platform firm, is likely to break the psychologically important £100m revenue barrier in 2025. The success of this firm has spawned a new market, which is challenging traditional firms on the talent front. More than 3,500 lawyers now work across a variety of fee-sharing outfits, research from Atlas […]
Gibson Dunn & Crutcher, Gowling WLG and Norton Rose Fulbright’s London offices will all be under water in a few decades. This trio shares idyllic views overlooking the Thames, but they will all be submerged in the river by the year 2100 as climate change-induced sea level rises occur. And this is based on the […]
The Supreme Court has upheld an anti-suit injunction against a Gazprom subsidiary, potentially halting €440m proceedings in Russia. The Gazprom part-owned special purpose entity, RusChemAlliance (RCA), had brought a damages claim against the bank UniCredit in Russia concerning an aborted contract following Russia’s invasion of Ukraine. UniCredit instructed Latham & Watkins in its pursuit of […]
CMS senior partner Penelope Warne has revealed her next steps ahead of her departure from the firm at the end of the month. After 10 years at the helm, Warne is spearheading a project that she founded at the World Bank, via her own company, which promotes the rule of law and access to justice, […]
Slaughter and May is to add another senior lawyer to its pensions team in the City, this time from Freshfields Bruckhaus Deringer. Charles Magoffin, a partner at Freshfields since 2010, is joining Slaughters as a senior counsel from September. Slaughters has still only ever made one lateral hire in the City, also into its pensions […]
Litigation funders will be keeping a close eye on an upcoming review into third-party funding regulation, proposed caps on returns, as well as litigation costs. The Civil Justice Council is looking to produce a full report by the summer of 2025. The review follows an increased focus on litigation funders and their role in disputes, […]
In its largest promotions round ever, Ashurst has elevated eight London lawyers to partner out of 30 worldwide. The firm has made up eight lawyers in London, as well as seven in Sydney. In total, 17 promotions were made in Ashurst’s Australian offices, meaning just five were made outside of either London or Australia. Loans […]
