Proceedings in the High Court between a bankrupted billionaire and the Russian mega-bank he allegedly defrauded will be stayed until further notice. The decision to halt the 40-day trial set for January 2022 was reached at an application hearing before Mrs Justice Falk, involving oligarch Georgy Bedzhamov, creditor Vneshprombank and Russia-appointed bankruptcy trustee Lyubov Andreevna […]
A senior partner said to me as a trainee that you should assume that every single email you write is going to be read by the last person in the world you would like to read it.
Clyde & Co has distanced itself from the latest challenge to a US arrest warrant secured in relation to the 1Malaysia Development (1MDB) scandal, after transferring funds held in an escrow account to the courts. The firm is said to have confirmed its “neutrality” over PetroSaudi’s recent application for an interim order, which reiterated the […]
One of the three private equity lawyers moving from Dechert to White & Case has decided to stay put. Partner Mark Evans has opted to stay at Dechert, while his colleagues Ross Allardice and Tony Brown have now landed at their new firm. This marks the first parting of ways for Evans and Allardice since […]
Proceedings in the High Court between a bankrupted billionaire and the Russian mega-bank he allegedly defrauded will be stayed until further notice. The decision to halt the 40-day trial set for January 2022 was reached at an application hearing before Mrs Justice Falk, involving oligarch Georgy Bedzhamov, creditor Vneshprombank and Russia-appointed bankruptcy trustee Lyubov Andreevna […]
A senior partner said to me as a trainee that you should assume that every single email you write is going to be read by the last person in the world you would like to read it.
Clyde & Co has distanced itself from the latest challenge to a US arrest warrant secured in relation to the 1Malaysia Development (1MDB) scandal, after transferring funds held in an escrow account to the courts. The firm is said to have confirmed its “neutrality” over PetroSaudi’s recent application for an interim order, which reiterated the […]
One of the three private equity lawyers moving from Dechert to White & Case has decided to stay put. Partner Mark Evans has opted to stay at Dechert, while his colleagues Ross Allardice and Tony Brown have now landed at their new firm. This marks the first parting of ways for Evans and Allardice since […]
The gap between the top and bottom equity earners is narrowing
It has been over four years since the UK first went into lockdown because of the Covid-19 pandemic. That’s four years since the world went crazy and stocked up on toilet roll, since staff had to bundle up their laptops and work on makeshift garden furniture desks, and since most of the nation actually looked […]
We’re all watching eagerly for the changes coming at Allen & Overy on 1 May as its merger with Shearman & Sterling finally goes live. But Addleshaws has its own significant change that day. Next Wednesday, Andrew Johnston will officially kick off his tenure as managing partner with longstanding incumbent John Joyce stepping aside. Addleshaws […]
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, […]
One Essex Court has picked two of its silks to succeed Lord Grabiner KC, as he prepares to stand down as head of chambers after three decades. Sonia Tolaney KC and Daniel Toledano KC will succeed Grabiner as joint heads of One Essex Court, The Lawyer can exclusively reveal. It was announced last November that […]
Clifford Chance has unveiled a global promotions of 29, including 14 in its London office. The magic circle firm’s promotions are slightly lower than last year’s bumper global round of 32 and 37 in 2022. In the London office, five have been made up in its global financial markets group: Bryony Theaker, Isabella Mashru, Neil […]
The Court of Appeal has overturned a ruling made against Saudi businessman Sheikh Mohamed Bin Issa Al Jaber, in a claim brought by the liquidators of one of the Sheikh’s former companies, MBI International & Partners. Mishcon de Reya represented the Sheikh in the appeal, which was brought on the basis that Mrs Justice Smith […]
The High Court has ordered that the jurisdiction challenge in the $13.8bn dispute brought by jailed Russian businessman Ziyavudin Magomedov be heard this Autumn following a successful expedition application brought by the claimants. In December 2022, Magomedov was sentenced to 19 years in jail for embezzlement alongside his brother, having already spent more than four years […]
US firms Kirkland & Ellis and Latham & Watkins are leading on another US private equity acquisition of a London-listed company. This morning it was announced that US private equity firm Thoma Bravo has reached an agreement for Bidco to acquire leading UK-based cybersecurity company Darktrace. Darktrace is listed on the London Stock Exchange and will be […]
