News

News

Obituary: Geoffrey Lander, a “leading light” in Nabarro’s real estate group

The legal world is mourning the loss of one of its real estate stalwarts, Geoffrey Lander, who passed away on Saturday 12 September. The former Nabarro head of real estate and a prominent figure within the wider property community passed away while undergoing chemotherapy aged 69. Tributes recall Lander’s immense charisma and charm, as well […]

speed read clock

The speed read: back to normality at NRF but redundancies at Addleshaws

Back to normal at Norton Rose Fulbright? Back in April, the majority of staff at Norton Rose Fulbright switched to a four-day working week for what seemed like a rather apocalyptic length of time: 12 months. Turns out NRF was just preparing its employees for the worst, as this week it decided to end the […]

Bristol

Thrings kicks off redundancy consultation and defers two rent payments

South-West firm Thrings has kicked off a redundancy consultation for around 20 roles and deferred the rent payment of two of its offices, part of an extensive set of measures implemented by the firm. The Bristol-headquartered outfit has taken the decision as it faces a fall across its financial metrics. Revenue in 2019/20 dropped 8 […]

Bird & Bird

Bird & Bird’s PEP drops for first time in three years

Bird & Bird has seen its average profit per equity partner (PEP) drop in the financial year 2019/20. The UK firm’s PEP went down by 3 per cent from from £575,000 to £555,000, a metric that the firm had not previously reported as part of its financial results for 2019/20. It marked a fall for the […]

Manchester

Beyond London: PwC Legal bets on regions in new expansion project

PwC Legal is looking to expand its lawyer headcount in regional offices as part of a project for the new financial year. The legal arm of the accountancy firm is eyeing growth for its professionals especially in its bases in Manchester and Birmingham, but expansion will equally be pursued in Leeds and Belfast. The project, […]

Mishcon disputes partner exits for Stephenson Harwood

Mishcon de Reya has lost a member of its disputes team to Stephenson Harwood, in what is the City firm’s second departure this week. The departure of financial disputes partner Genevieve Quierin follows on from that of Ben Giaretta, who this week joined Fox Williams. Quierin has spent more than three years at Mishcon, where […]

Victoria's Secret

Linklaters and Eversheds lead on Next’s takeover of Victoria’s Secret

Linklaters and Eversheds Sutherland have won the key advisory mandates on Next’s deal to resurrect Victoria’s Secret UK. Under the newly-formed joint venture Next will acquire a 51 per cent in the lingerie brand, ensuring that it will continue to have a high street presence. Eversheds has taken the lead for Next, led by co-chair […]

Money dollars

Cleary is latest US firm to review lockstep structure

Cleary Gottlieb Steen & Hamilton is reviewing its remuneration structure, The Lawyer understands. The US firm is looking to ditch its lockstep structure in favour of one that will allow it to provide higher compensation to star partners in a bid to boost retention. The model, if adopted, could take the form of a modified […]

Mayer Brown to restore full salaries for lawyers and staff

Mayer Brown is reversing its decision on salary cuts that had been implemented for its staff and lawyers as a result of the pandemic. From late September, the remuneration of its employees will be restored to normal levels, five months after agreeing on the cuts. At the time, the firm announced a global reduction of […]

DLA Piper

DLA debuts “radical change” consulting business

DLA Piper‘s global co-CEO Simon Levine has laid out plans for a new collective of consulting services to turn the law firm into an expansive professional services outfit. The firm has launched a separate umbrella brand, Law&, to target new business areas and broader advisory services besides legal advice. The separate business, which is owned […]

CC

Clifford Chance bans client events for the rest of the year

Clifford Chance has postponed all client events to 2021, as it slowly tries to repopulate its London office ahead of the autumn. It is understood that lawyers at the magic circle firm have been instructed to avoid scheduling or organising any form of in-person client event, with existing ones pushed back to at least next […]

Simon Marchant

Shearman hires Freshfields veteran for strategic help

Freshfields Bruckhaus Deringer’s ex-corporate chief Simon Marchant is joining Shearman & Sterling as a senior adviser on firm and client strategy. Marchant joins Shearman after two years away from the magic circle firm, which he retired from in 2018. This is his second strategic gig at a law firm, travelling out to Australia over 2018/19 […]

Oil rig

Addleshaws hires Dragon Oil GC as part of energy drive

Addleshaw Goddard has added a new energy partner as part of its push to double its energy revenue and internationalise the practice. Dragon Oil’s former general counsel Paul Jones joins Addleshaws in its infrastructure, projects and energy (IPE) practice. Jones relocates to the firm’s London office, having served a year as GC for Dragon Oil in […]

exit

Gibson Dunn corporate partner exits for Baker Botts

Baker Botts has brought in Gibson Dunn & Crutcher partner Nigel Stacey to its corporate team, as it seeks to expand its M&A practice in the City. Stacey was one of several corporate partners to defect from Ashurst to Gibson Dunn in 2014, coming just after Jonathan Earle, and ahead of Charlie Geffen and Mark […]

Dublin

Dentons targets more local firms for delayed Dublin launch

Dentons has opened its doors in Dublin, after postponing the launch over the summer as a result of the coronavirus pandemic. The firm had planned on opening in Q2, having announced its intentions at the start of the year. Initially the firm hired three partners to kickstart operations; Eavan Saunders and Peter O’Brien from William […]

Mike Burns, Addleshaw Goddard

Addleshaws invests in employment team with Eversheds hire

Addleshaw Goddard has brought in a new partner to lead its Manchester employment practice, as it continues apace with a streak of laterals. Partner Mike Burns joins the firm from Eversheds Sutherland, where he was a partner in the human resources practice group for six years. Before Eversheds, Burns spent five years at DLA Piper […]

Washington DC

Crowell to add Squires’ Washington team ahead of Doha move

Crowell & Moring is to launch a second raid on Squire Patton Boggs, bringing over a four-lawyer team in Washington. Having poached a nine-lawyer team in Doha, Crowell is also set to add three more partners from Squires; litigation partner Michael Guiffré, infrastructure partner Robert Hager, and construction and commercial disputes partner Meagan Bachman. A senior […]

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

Retail: Guide to surviving COVID-19

Lawyers have predicted that one in ten SMEs will be set to collapse post-lockdown. Although harsh, it is a reality we have already seen over the last few months, with even major household names having to take protective action.

A practical guide to setting up a family office in Jersey

Around the world family offices are growing in number. Family offices are increasingly becoming the organisation of choice for very wealthy families because they can be tailored to meet the individual needs of the families establishing them.

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).