Allen & Overy (A&O) has lost one of its newest recruits into tech incubator Fuse, after it was snapped up by social media giant Facebook. Bloomsbury AI, which entered A&O’s Fuse programme in May, has been acquired by Facebook for around $30m, as the latter looks to further its influence in the UK. The start-up was […]
Clifford Chance staff and fee-earners are being encouraged to use their training hours on technology development, with the firm unveiling a new global programme focused on coding, blockchain and cybersecurity.
Foot Anstey has recorded 9 per cent revenue growth for 2018/19 in its latest set of financial results. The Exeter-founded firm saw turnover rise from £43.4m to £47.2m, with significant growth in the financial services practice in particular. Work related to Islamic finance grew by 75 per cent, and private equity by 85 per cent, […]
Freshfields Bruckhaus Deringer and Allen & Overy have landed advisory roles on the sale of AB InBev’s Australian business to fellow brewing giant Asahi. Freshfields partners Alison Smith and Bruce Embley advised AB InBev on the corporate aspects of the sale of Carlton & United, its Australian business unit, to Japanese brewer Asahi for a […]
Burges Salmon has seen a slight boost in its financials for 2018/19, revealing a 3 per cent rise in average profit per equity partner (PEP) after a two-year consecutive dip. Last year, PEP at the Bristol-headquartered firm grew 3.3 per cent from £430,000 to £443,000, following a 2 per cent fall the previous year. Since […]
Litigation funder Vannin Capital has secured an agreement to fund the Spanish leg of the trucks cartel dispute. The funder announced it has entered an agreement with System Capital – a private family office in Andorra – to fund the claim in Spain, which is spearheaded by Andersen Tax Legal. Systema will provide funding for […]
Bryan Cave Leighton Paisner (BCLP) has kicked off a four-point strategic review following the firm’s first leadership elections since its 2018 transatlantic merger. The review, which will be led by co-chair Lisa Mayhew and newly-appointed co-chair Steven Baumer, will involve the firm’s board and management committee, as well as consultations with office and practice heads. […]