Magic circle duo lead on £3bn Informa and UBM merger
Clifford Chance and Linklaters have secured key mandates in Informa’s proposed £3bn acquisition of rival FTSE 250 events company UBM.
Linming Jin and Jing Chen join Broad & Bright
Mr Linming Jin is joiningBroad & Bright as an equity partner and Ms Jing Chen is joining the firm as a salary partner.
Quinn financials: London posts 61% hike in revenue and profit
The London office of Quinn Emanuel Urquhart & Sullivan has posted a 61 per cent increase in turnover from £44.8m to £71.9m in 2017.
HFW financials: top fee-earner takes home £950,000
Holman Fenwick Willan (HFW) posted double-digit growth in turnover, profits and partner remuneration in a strong financial performance for the firm.
UBO in Slovenia: are you exempted or not?
Polish tax evasion rules – Impact on escrow agreements
To counteract tax evasion, Polish authorities have recently introduced legislation and digital systems allowing tax authorities to analyse banking systems, search for potential fraud, and block suspicious bank accounts. Effective 30 April 2018, the new rules may have an adverse effect on escrow accounts, M&A closings, and real estate transactions in Poland. This client alert […]
Warsaw: Management liability in M&A transactions
By Niall Crowley Increased volatility on financial markets is putting pressure on company management teams when setting valuations in M&A transactions, according to experts gathered at a seminar held by international law firm Wolf Theiss…
New EU regulation: The end of geo-blocking when shopping online
A new EU Regulation, which will take effect on 3 December 2018, provides for borderless online shopping. Traders are obliged to treat online customers equally, regardless of which EU-member state they come from. Geo-blocking will be abolished in many cases. However, digital content protected under copyright law and some other services are not yet affected […]
Bulgaria: Commission recommends amendments to the energy act
On 8 February 2018, the Bulgarian Competition Protection Commission (“CPC”) issued a Decision in a Competition Advocacy proceeding initiated in 2017 for the assessment of conformity with Competition law of the legal framework applicable to heat energy supply legislation. The Competition Advocacy proceeding analyzed the respective sections of the Energy Act (“EA”), the Heat Energy […]
Romania and GDPR: Key proposed measures
On March 14 2018, the Romanian law for implementing measures on EU regulation no.2016/679 on the protection of individual rights regarding the processing of personal data directive GDPR was submitted. The legislative proposal can be reviewed here…
Magic circle duo lead on £3bn Informa and UBM merger
Clifford Chance and Linklaters have secured key mandates in Informa’s proposed £3bn acquisition of rival FTSE 250 events company UBM.
Linming Jin and Jing Chen join Broad & Bright
Mr Linming Jin is joiningBroad & Bright as an equity partner and Ms Jing Chen is joining the firm as a salary partner.
Quinn financials: London posts 61% hike in revenue and profit
The London office of Quinn Emanuel Urquhart & Sullivan has posted a 61 per cent increase in turnover from £44.8m to £71.9m in 2017.
HFW financials: top fee-earner takes home £950,000
Holman Fenwick Willan (HFW) posted double-digit growth in turnover, profits and partner remuneration in a strong financial performance for the firm.
A&O client Phones 4U wins £200m damages battle against EE
Allen & Overy client Phones 4U does not owe EE £200m in damages resulting from its collapse into administration, the High Court has ruled.
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Dechert recruits Middle East duo from King & Spalding
Dechert has hired its first lateral partner in Dubai for over 18 months, after taking on two real estate lawyers from its US rival King & Spalding. King & Spalding partner Stephen Kelly is joining Dechert. He will be joined by counsel Sarah Mahood who joins as a national partner. Prior to King & Spalding, […]
Freshfields partner swaps private practice for the Bar
Freshfields Bruckhaus Deringer restructuring partner Nick Segal is switching private practice for the Bar, taking on a new role at Erskine Chambers. Segal is set to join the chambers as a barrister in September, after he has been successfully admitted to the Bar. Segal joined Freshfields in 2006 on his return to the UK from […]
DAC posts double-digit growth across the board with record PEP figure
DAC Beachcroft has posted a strong set of results for the 2017/18 financial year, showing double-digit growth in turnover and profit as well as posting a record-high in profit per equity partner (PEP) of £530,000. An 11 per cent increase in turnover from 2016/17 saw the firm rise from £207m to £230m, while a 21 per […]
Ashurst concludes redundancy consultation with 54 roles lost
Ashurst has cut 54 secretarial roles in its London office, after the firm decided to scrap the position of executive assistants (EAs) in favour of a new role called “practice executive”. The firm revealed in May that 80 roles were at risk as part of the shift, with practice executives set to cover a broader line […]
Clifford Chance posts 77% retention for autumn 2018
Clifford Chance has revealed its retention result for autumn 2018, the first of the magic circle to do so. The firm offered newly-qualified jobs to 36 of its final seat trainees, out of 44 who applied for roles. There were 47 trainees in the cohort in total, meaning the firm’s retention rate is 76.5 per […]
Fountain Court completes new-look Tchenguiz legal team
With less than three months to go to trial, Fountain Court Chambers has been brought in to act for Robert Tchenguiz in his feud with Grant Thornton after he swapped incumbent adviser Stephenson Harwood for Debevoise & Plimpton. It is understood that Fountain Court silks Stephen Rubin QC and Charles Béar QC are now being instructed by […]