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Elevate enlists Reed Smith for PE capital raise

Fast-growing law firm Elevate has turned to US investment banking provider Stifel to begin a private equity capital raise, with Reed Smith as legal advisor. Having considered an AIM listing back in 2021, which was delayed due to Covid-19 disruption, Elevate has decided that private equity financing would be more conducive to its strategy and […]

Gherkin Kirkland

Kirkland bags investment funds partner from Ashurst

Kirkland & Ellis has bolstered its investment funds practice by swiping a partner from Ashurst’s London office. Catherine Gokah makes the move after being appointed partner at Ashurst in May 2021. Her practice involves advising fund sponsors in respect to fundraising activities with a focus on real estate and infrastructure. Christopher Braunack, investment funds partner […]

Helen Hayes

Bourne Leisure hires new GC

A senior lawyer at Uber has been hired as the new general counsel of holiday and leisure company Bourne Leisure. Helen Hayes trained in private practice at DLA Piper where she practised as an associate in the commercial litigation department for 10 years. She then spent six years climbing the ranks at Uber covering Northern […]

“Sitting here doing nothing is not acceptable”: Ashfords’ CEO makes plans for the future

Exeter-headquartered Ashfords is making plans to secure the longevity of the firm, whether that be through merger, acquisition or organic growth. CEO Louise Workman said the firm’s financials have stabilised following the “bizarre” Covid-19 years, meaning now is the time to start considering the future of Ashfords. She explained: “Now that we’ve sorted out the […]

Jeremy Shebson
1

Strong pound and reduced headcount drags HFW’s revenue below £200m

A reduction in lawyer headcount and the strengthening pound is to blame for HFW’s revenue falling from £200.2m to £198.7m over 2021/22, The Lawyer has been told. The 0.8 per cent dip stands in contrast to the previous year, when HFW broke the £200m barrier due to a 2.6 per cent growth in turnover from […]

Jason Raeburn, Paul Hastings

Paul Hastings lands IP hire from Bakers

Paul Hastings has hired its latest London partner from Baker McKenzie, expanding its intellectual property team. Jason Raeburn joins the ranks of the firm after 12 years at Baker McKenzie. He specialises in intellectual property disputes relating to software development and licensing, cloud, and AI-related implementations. Raeburn also has experience intechnology litigation and product counseling […]

Horizon

The Lawyer's daily analysis of the legal market, bringing you emerging trends informed by our latest data. Read the most recent posts here

Clifford Chance’s former tax head is having the time of his life

Dan Neidle is enjoying his new role as a gadfly “All communications sent to me will be held in strict confidence and only disclosed with your explicit permission”, reads the legal notice on Dan Neidle’s website Tax Policy Associates (TPA). “Unless you are threatening to sue me for libel, in which case absolutely no duty […]

“We press a button daily to let everyone know we’re safe” – CMS Ukraine managing partner on how it feels to be uprooted during war

Every day, employees of CMS’ Kyiv office receive a phone alert urging them to press a button to let the rest of the displaced office know they are safe.  With operational hubs in Budapest and Western Ukraine, the office has faced unquestionable challenges as it continuously works to monitor the safety of all 65 staff […]

Matthew Kelsall, Clydes

Clydes needed BLM more than you think

“I acted for a client 20-odd years ago that went from 50 firms on its panel to 12, and we thought that was absolutely revolutionary,” says BLM’s legacy senior partner Matthew Harrington. “Now clients are looking at panel sizes, certainly in the general insurance market, of two to three firms.” And that, in a nutshell, […]

Warsaw Poland

A postcard from Warsaw: Big-ticket deals, but worries for the future

On a June day in 2022, The Lawyer visited several of Warsaw’s top international firms to see how this apparently thriving market is holding up four months after the launch of a war on its neighbour, Ukraine. What impact has the dramatic events of the past few months had on the city, its legal services […]

Mediclinic

Corporate quartet win roles of £3.7bn Mediclinic deal

Ashurst, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May are the law firms that have scored roles on a public bid for hospital group Mediclinic, at a deal valued at £3.7bn to two buyers. Mediclinic is a private hospital group headquartered in Stellenbosch, South Africa, but also has offices in Namibia, the UAE and Switzerland. […]

Telecommunications

Firms line up on OneWeb-Eutelsat merger talks

Herbert Smith Freehills and Weil Gotshal & Manges are among the firms that have chalked up roles advising Paris-based satellite company Eutelsat on a potential merger with UK-based OneWeb on an all-share combination. The Lawyer has learned that HSF is advising its long-standing client OneWeb, with lead relationship partner Alan Montgomery at the helm along […]

water

Gibson Dunn and Linklaters grab roles on KKR’s water investment

A trio of firms have led on KKR’s purchase of a stake in Northumbrian Water. Northumbrian Water has been controlled by a consortium led by Hong Kong businessman Li Ka-Shing’s Cheung Kong Infrastructure Holdings (CKI) since 2011.  Today it was agreed that KKR would buy a 25 per cent stake in the business for around […]

Celsius Network bitcoin

Kirkland leads as cryptocurrency company files for bankruptcy

Kirkland & Ellis has won a transatlantic mandate to advise cryptocurrency loan company Celsius Network as it enters Chapter 11 proceedings in the US. London partners Kon Asimacopoulos and Hannah Crawford are leading the charge in the City, while the US deal team is helmed by New York partner Josh Sussberg, and Patrick Nash and […]

Care Homes

Ashurst leads in CareTech’s £870m take-private deal

Social care provider CareTech has been sold to a consortium, advised by Ashurst, in an £870m deal. Ashurst chair Karen Davies led the team representing Amalfi Bidco, a newly-formed company indirectly owned by Sheikh Holdings Group (Investments), Belgravia Investments and Kensington Capital, and funds managed and advised by THCP Advisory. Davies was supported by fellow […]

City duo seal £5bn real estate merger

Two City firms took the leading roles on a merger of London’s west end landlords, advising on the creation of a newly-minted property portfolio which is being valued at around £5bn. The Lawyer has learned that Hogan Lovells was on hand for Shaftesbury, and was spearheaded by corporate partners Nicola Evans and Anthony Doolittle. Herbert […]

London bishopsgate

Paul Hastings finance duo to exit firm

Two members of Paul Hastings’ finance team are to leave the firm in London, a month after the hire of four partners from Latham & Watkins. Duo Richard Kitchen and Amin Doulai are making the move. Kitchen was promoted to partner in 2017 and acts for both borrowers and lenders, while Doulai was promoted to […]

Munich Germany

Goodwin continues Munich growth with finance lateral

Goodwin has followed up on the launch of its Munich office with the hire of a leveraged finance partner from rival US firm Shearman & Sterling. Winfried Carli was a long-term Shearman lawyer, spending 22 years at his previous firm before joining Goodwin’s Munich outpost. Much of Carli’s work focuses on both domestic and cross-border […]

Kate Davies QC, Skadden

Skadden replenishes arbitration team with A&O hire

Skadden has hired another partner from Allen & Overy, this time from its disputes and arbitration practice. Kate Davies QC joins Skadden from the magic circle firm, where she has spent the last nine years. She was promoted to partner in 2016 and started out her career at WilmerHale. A commercial and investment treaty arbitration […]

Bishopsgate

Paul Hastings swoops on Latham for finance team hire

Latham & Watkins is set to lose a team of finance partners to Paul Hastings’ London office. The Lawyer has learned that finance partners Mo Nurmohamed, Ross Anderson, Karan Chopra and Rob Davidson are leaving Latham to bolster Paul Hastings’ finance practice. Nurmohamed and Anderson are both the heads of Latham’s London lender-facing team. Of […]

Cryptocurrency

Former heads of competition watchdog line up on £9.9bn crypto class action

Two former heads of the Competition and Markets Authority (CMA) are involved in bringing a £9.9bn anti-trust class action against four major crypto currency exchanges. An estimated 240,000 UK investors of cryptocurrency Bitcoin Satoshi Vision (BSV) are claimed to have suffered £9.9bn in losses after trading platforms Binance, Kraken, ShapeShift and Bittylicious delisted the BSV […]

Magnifying glass for auditing

KPMG blames Carillion’s management in auditing negligence dispute

7KBW has been instructed to defend KPMG as it denies all allegations that it failed in its duties as auditor to Carillion. Once a construction and services giant, Carillion collapsed in 2018 and was put into liquidation. KPMG had been the company’s auditor since 1999, so the high-profile demise of Carillion led to the audit […]

Gold

Maduro loses in Venezuelan gold wrangle

The High Court has rejected Venezuelan President Nicolás Maduro’s latest attempts to take control of nearly $2bn worth of Venezuelan gold held at the Bank of England. Mrs Justice Cockerill ruled that the judgments of the Venezuelan Supreme Tribunal of Justice, which invalidated interim president Juan Guaidó’s appointment of his ad hoc board of the […]

Coleen Rooney

High Court declares ‘Wagatha Christie’ winner. It’s …………….

Brabners has secured victory for Coleen Rooney in the sensational “Wagatha Christie” libel showdown, as Mrs Justice Steyn handed down her long-awaited decision at midday today. Steyn J’s final ruling comes two years after Rebekah Vardy, the wife of Leicester City striker Jamie Vardy, launched proceedings against Rooney, wife of former England and Manchester United […]

European flags

The Lawyer European Awards to honour Ukrainian firms

The Lawyer European Awards has become a unique fixture in the events calendar, recognising firms from 13 jurisdictions and with 12 further categories showcasing excellence in transactional work and service delivery. However, this year it takes place against a backdrop of war. The Awards will therefore celebrate the community of lawyers across Europe and highlight […]

Netherlands

Arnold & Porter launches Amsterdam office with two-strong hire

US firm Arnold & Porter has launched an office in the Dutch capital of Amsterdam as it bids to take advantage of the city’s life sciences market. The firm has hired Hoyng Rokh Monegier (HRM) partner Carla Schoonderbeek to lead the office, with HRM counsel Bart Jong also joining as a partner. It is understood […]

Cooley completes merger with HK associate firm

US firm Cooley will operate as a single entity in Hong Kong having completed the required three-year association period with local firm CYL & Partners. The combined entity will operate as Cooley HK and will be led by former Skadden corporate partner Will Cai. Cooley said the move was completed on 30 June and had […]

Baker McKenzie

Bakers gives the nod to three in London

A total of 75 lawyers globally have been given the nod to partner by Baker McKenzie, with three lawyers making the grade in its London office. Eight were elevated in its London office last year. While this year’s City cohort is smaller the firm made up a larger round globally of 75. This compares to […]

Latest Briefings

Protecting reputation in the spotlight of an investigation

Global business is increasingly familiar with the prospect of short-notice public investigatory attention, whether from regulators, law enforcement, political forces or as a consequence of sanctions, and this can – in in some cases – devastate individual and corporate reputation.

Protecting reputation in the spotlight of an investigation

Despite the fact that the threat of an investigation alone can be enough to paralyse a business, early warning signs are often missed and businesses can mistake an investigation risk for a reputation risk. Those who handle serious issues well are able to triage the issue at an early stage and identify its potential impact, […]

Bill 64 marks a new direction in Quebec privacy law — Key takeaways for businesses

On September 22, 2021, the Quebec government adopted Bill 64, An Act to modernize legislative provisions as regards the protection of personal information, enacting significant changes to the requirements governing the use and protection of personal information under various statutes, including notably the Act respecting the protection of personal information in the private sector and the Act respecting Access to documents held by public bodies and the Protection of personal information.

Incentivising staff in a green economy: green benefits

Environmental, social and governance factors (ESG) alongside sustainability are hot topics in business right now. Employees are increasingly scrutinising what employers are doing to promote sustainability, not least in the benefits they offer.

How does the UK PPA market need to innovate?

In this podcast, Gowling joins leading global infrastructure and renewables market analysts Inspiratia to discuss innovation in the UK power purchase agreement (PPA) market, and whether the prices we see today are transitionary and if so, how PPAs can make such prices sustainable and meet the ever-changing needs of both offtakers and sellers.

International investment on the value UK cities

After a challenging year, UK cities are gaining foreign investment and developing their presence on the global stage. How has the pandemic, COP-26 and officially leaving the EU impacted the value of investment in the UK from a global standpoint?

P&O further wage cuts blocked

Ferry company P&O hit the headlines last month when it made 800 workers redundant via an online video call and with almost no notice.

Best practice guides

Legal: An industry ready for innovation?

Tripp Hemphill, VP Enterprise Markets EMEA at DISCO, talks about how the legal space is ready for a tech revolution, automation’s role in saving time and effort, and the one thing lawyers should know about integrated AI.