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Addleshaws takes allocation powers away from partners in disputes revamp

Addleshaw Goddard has overhauled its process surrounding work allocation for disputes lawyers, taking the responsibility away from partners. Previously, work was allocated to managing associates by partners but this has now been passed onto legal directors to give the firm’s junior lawyers a spread of work. The firm trialled this system in Manchester in 2019 […]

Berlin

Gunnercooke plots expansion with first international office

Gunnercooke is set to open two new offices, including its first international one, as its revenue hit £31m in the financial year 2019/20. The Manchester firm, which for years has been running a flexible model, will open a new office in Berlin in October. In addition, it is looking to open a fourth UK office […]

Skadden presses ahead in UK corporate with Freshfields hire

Skadden Arps Slate Meagher & Flom has brought in another magic circle partner to its City M&A team, this time from Freshfields Bruckhaus Deringer. The US firm has lured over partner Bruce Embley from Freshfields’ London office. Embley, who co-heads the firm’s global M&A client group, has been a partner at Freshfields since 2005. London-based, […]

The Lawyer Awards shortlist: Litigation Team of the Year

The shortlist for Litigation Team of the Year, sponsored by Gallagher, once again demonstrates the strength of London as a global disputes hub. Akin Gump In what was one of the most complex litigations of 2019, Akin Gump sealed a resounding victory for senior banker, Robert Foresman, in October. Foresman, currently chair of the UBS […]

London

Goodwin pulls off another team raid – this time from Sidley

Goodwin Procter has raided Sidley Austin by bringing in a five-strong team from its private equity group, including Christian Iwasko and Erik Dahl, months after the duo left its US rival. The hire comes after the duo resigned from Sidley Austin at the end of June, having moved over to the firm in 2016 from […]

Ashurst and CMS lead on sale of TripAdvisor’s Soho base

Ashurst and CMS have acted on Landsec’s £78m sale of 7 Soho Square to Hines. Covering 62,000 sq ft and the HQ of travel platform TripAdvisor, 7 Soho Square in London’s West End is one of only a handful of properties to have been put up for sale since lockdown began in March. Ashurst advised […]

liverpool street london

The Lawyer Awards shortlist: City Firm of the Year

The award for City firm of the year, sponsored by Travelers, pits innovation-hungry players against expansive challengers. In an ever-competitive world, London-based law firms are using technology, real estate investment and lateral hiring opportunities to stand out. One of the City’s largest law firm offerings – in terms of headcount and revenue – Reed Smith […]

counting money

Linklaters pushes ahead with salary reviews after delay

Linklaters has reviewed the salaries of its lawyers after a delay caused by the onset of the pandemic. Back in April, the firm had postponed the review by about six months, and has now been able to resume the process. The decision comes as the magic circle firm has recently been easing some of the […]

liverpool

Brabners restores salaries and brings back 80 per cent of furloughed employees

Brabners’ employees have had their full pay restored, while partners’ drawings have also returned to 100 per cent. In April, the firm implemented measures to ensure its financial stability through the pandemic, including reducing the salaries of employees earning at least £25,000 a year by 20 per cent. Partners drawings were also reduced by 20 […]

The Lawyer Awards trophy

The Lawyer Awards: the 2020 shortlist

The Lawyer Awards is going virtual for 2020! The ceremony, in association with Travelers, will take place online on the afternoon of 3 November. Visit the awards website to register. Who is in the running for the coveted awards in 2020? The full shortlist is below… Barrister of the year Allison Clare, Red Lion Chambers […]

Deals

New Look

The New Look deal is a watershed moment for Latham

New Look’s long-rumbling restructuring journey is emblematic of a shifting order of restructuring advisers in the City. A decade of financial engineering at the hands of private equity has left the retailer fighting and shifting between magic circle and US legal advisers. Latham’s prescient poaching of star talent has paid off, having sealed the sole […]

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 […]

Gherkin Kirkland

Kirkland leads for Bain Capital in latest insurance-related investment

Three firms fielded teams of lawyers on a deal that saw Bain Capital Credit agree a strategic partnership deal with insurance investor Beat Capital Partners. Kirkland & Ellis won the mandate from Bain’s credit arm, with a team led by transactional partners Rajab Abbassi and Aprajita Dhundia, as well as insurance regulatory partner Parimah Hassouri and […]

Deals round-up: The Hut Group IPO, AVEVA’s mega-merger and London hospitals sale

Clifford Chance and Gibson Dunn are leading on The Hut Group’s planned £4.5bn IPO. Having benefited from an online shopping boom during lockdowns, it is potentially the biggest listing of a British company since 2013 and the first major London IPO since Covid-19 broke out. The digital consumer brands retailer will announce its plan to […]

Linklaters set to pick up bulk of £4m Intu fees

Linklaters is forecast to receive the lion’s share of the £4m in legal fees that have been racked up by KPMG this year on the administration of Intu. The magic circle firm is the primary adviser to KPMG, which was appointed as the administrator upon Intu’s collapse in June. Restructuring and insolvency partner Richard Hodgson […]

handshake

Deals round-up: significant transactions of last week

Slaughter and May, Kirkland & Ellis, Ashurst and Akin Gump are advising on the restructuring of Valaris, the world’s largest offshore drilling rig operator, which filed for bankruptcy in Houston last week. London headquartered Valaris became the latest casualty of the global slump in oil prices, filing for bankruptcy as it seeks to restructure a […]

Outer Temple appoint first female head of chambers

Outer Temple has voted in a new head of chambers, following the retirement of Christopher Gibson QC earlier this year. Gibson will be replaced by Sarah Crowther QC – who is the set’s first female head of chambers. She has also been appointed as Outer Temple’s head of health. Crowther was called to the Bar […]

Attorney General accused of “cronyism” over off-panel Brexit advice

The Prime Minister’s Attorney General is facing criticism over her decision to seek advice on planned changes to the Withdrawal Agreement from individuals not on the UK Government’s panels, including a “baby barrister” from Brick Court. The debate concerns advice given to Suella Braverman and solicitor general Michael Ellis, who provided legal opinion on government legislation […]

Charter Chambers becomes latest victim of Covid-19

Charter Chambers is to close its doors from 30 October, due to the coronavirus pandemic combined with the impending sale of its premises. The criminal set, which is home to 47 barristers including six silks, as well as seven clerks, has occupied 33 John Street for 15 years. It is owned by a Pension Trust […]

Global News

Brussels Belgium

DWF Brussels team to join Crowell & Moring

DWF’s Brussels team is set to join Crowell & Moring, after the former closed its Belgian outpost as part of a wider restructuring exercise. Head of DWF’s WTO & international trade practice Vassilis Akritidis will join Crowell on 1 October with associate Lorenzo Di Masi. It is understood that at least one other associate is […]

HSF reacts to lockdown living with new agile working rules

Becoming the latest City firm to take additional steps to embrace remote working, Herbert Smith Freehills is to bring in a new agile working policy that will see employees spend an average of 60 per cent of their time in the office. This new policy will allow staff to work from home for just under […]

germany

Cum-ex saga: German minister casts doubt over future government contracts for Freshfields

Germany’s finance minster today suggested that Freshfields Bruckhaus Deringer is unlikely to receive any new contracts from the country’s government, as he addressed concerns over the ongoing cum-ex saga. Olaf Scholz was questioned in the country’s Bundestag over a range of matters related to cum-ex trading, a controversial practice that was prohibited in Germany in […]

CMS follows Keystone with latest Middle East office opening

CMS is expanding its Middle East footprint with a new office in Abu Dhabi, marking the firm’s sixth office in the region. CMS already has a presence in Iraq, Lebanon, Oman, Saudi Arabia and Turkey. London infrastructure partner David Moore will spearhead the new outpost, aided by the team in Dubai. The opening comes as […]

paris

Reed Smith adds Paris partner to executive committee

Reed Smith has seen a changing of the guard within its internal executive committee, as longstanding member Andrew Jenkinson steps down. Jenkinson is leaving the managerial body after the end of his three-year term. However, he will keep on his role as managing partner of the London office. On the committee, he will be succeeded […]

Global Features

Southampton, UK

DWF opens in Southampton with Keoghs team hire

DWF has hired an insurance team from Keoghs to spearhead the opening of a new UK office. The firm has taken on 13 lawyers who will populate the firm’s eleventh outpost in the country, located in Southampton. Keoghs partners Rachel Coombs, Sarah Parker and Stuart Giddings join alongside ten other members of staff who specialise […]

Eversheds hires from Barclays to deepen banking relationships

Eversheds Sutherland has recruited a former Barclays director to map out a growth strategy for its banking practice and deepen the firm’s relationships in the industry, as financings driven by the pandemic are set to generate a new spate of work. Ian Tetsill will become head of the debt finance strategy within the firm’s banking and […]

London city

Restructuring veteran joins Brown Rudnick’s City outfit

Brown Rudnick has hired yet another partner to its global restructuring team, with Tony Horspool set to join the US firm’s London ranks. Horspool will join up with Brown Rudnick’s corporate restructuring and special situations team in the capital, following the hire of Richard Obank and Colin Ashford who defected from DLA Piper at the […]

London

Simpson Thacher hires regulatory partner from Clifford Chance

Simpson Thacher & Bartlett has brought in another partner from the magic circle, this time Clifford Chance’s Owen Lysak. Lysak made partner at Clifford Chance in 2017 and joined the firm in 2004 as a trainee. He advises private funds, asset managers and financial institutions on regulatory issues and transactions, related to the likes of […]

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 […]

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 […]

Latest Briefings

Sending in the bailiffs… no longer an option for landlords

On 15 September 2020, the government announced further measures to protect commercial tenants from recovery action by restricting the ability of landlords to recover unpaid rent by utilising the Commercial Rent Arrears Recovery process (“CRAR”).

What price do you put on the environment?

The pandemic has challenged a lot of the ways we do things, and large scale on-site catering has been subject to more change than most. For some, this has meant the logistical challenge of delivering meals to residents at a distance from a central kitchen, and alongside the physical distribution, this has brought about the need to procure packaging for hot meals.

SMAs – a phoenix from the flames of Covid-19?

One of the consequences of the slowdown in fundraising caused by the recent pandemic seems to have been an increase in the use of Separately Managed Accounts as investment vehicles.

Court of Appeal rejects international law challenge to UK decisions on the Chagos Islands

The Court of Appeal (Sir Terence Etherton MR, Green and Dingemans LJJ) has today handed down judgment in conjoined appeals arising from the UK Government’s 2016 decisions: (i) not to support or permit resettlement of the British Indian Ocean Territory (BIOT); and (ii) to provide a support package of approximately £40m over 10 years for Chagossians in the communities in which they now live: R (Hoareau and Bancoult (No.5)) v Secretary of State for Foreign and Commonwealth Affairs [2020] EWCA Civ 1010.

Cayman trusts: A toolbox for tough times

With trust assets becoming more unusual in nature, beneficiaries establishing careers and family homes across the globe, and the regulatory environment growing increasingly complex, the modern trustee can be faced with a wide range of issues to address and challenges to overcome.

FCA test case ruling – welcome news for businesses

The High Court has handed down the long-awaited judgment in the coronavirus business interruption insurance test case brought by the FCA. Whilst the judgment may be appealed by the insurers, it is a very positive outcome for most businesses.

Can SECR fill the void where ESOS failed?

Whilst Streamlined Energy & Carbon Reporting (SECR) could be seen at first glance as a watered down ESOS without the site audits, it has the ability to deliver a wide range of energy efficiency and carbon reduction measures for organisations for years to come in a way that ESOS alone will never achieve.