Slaughter and May and Allen & Overy (A&O) have advised in a £5.3bn asset sale from UK Asset Resolution Limited (UKAR) to a consortium of investors, including bond fund Pacific Investment Management Co (Pimco). Slaughters corporate partner Guy O’Keefe and finance partner Oliver Storey instructed UKAR, which was formed by the UK government at the peak of […]
Osborne Clarke has appointed litigation partner Ashley Hurst to head the firm’s digital business sector after Adrian Bott left the role to head up the firm’s Hong Kong presence earlier this month. Hurst joined Osborne Clarke in 2016 as a commercial litigation partner after spending 10 years at Olswang. Hurst trained at Hogan Lovells. In contrast […]
White & Case regulatory partner James Greig is moving back in-house after just two years at the US firm. Greig joined White & Case in 2016 from BNY Mellon, where he was EMEA regulatory counsel and head of the office of public policy and regulatory affairs. His last stint in private practice was between 2002 […]
Clifford Chance has won a first time instruction from Elliott Advisors on its purchase of UK bookshop Waterstones. This is the first time Elliott has completed a private equity deal in Europe, seeking counsel from magic circle partners Chris Sullivan and Spencer Baylin. The deal sees investment group Elliott purchase the bookstore operator for an […]
The hunt for David Green QC’s replacement as director of the Serious Fraud Office (SFO) has come to an end, with former FBI deputy general counsel Lisa Osofsky set to take charge, The Lawyer understands. Osofsky is currently the EMEA investigations head at governance and compliance organisation Exiger. Green’s tenure came to an end on […]
Kirkland & Ellis partner David Higgins has made his lineup debut at his new firm, supporting the team on a deal opposite his old shop Freshfields Bruckhaus Deringer. The deal saw Kirkland act for private equity house Pamplona on its sale of European pet food manufacturer Partner in Pet Food (PPF) to Cinven. Kirkland led […]
Bryan Cave Leighton Paisner (BCLP) has signed for a new 125,000 sq ft office as one of its first first post-merger moves, announcing that it will take the entirety of the previously vacant Governor’s House. The site, near London’s Cannon Street station, was Prudential’s UK headquarters prior to its demolition and rebuild. BCLP has now […]
Ropes & Gray is continuing to refresh its leadership team, naming real estate transactions head David Djaha as the firm’s next managing partner.
Energy company EDF Energy has completed its panel review, cutting its roster down by nearly 50 per cent to eight firms. Freshly-merged firms Bryan Cave Leighton Paisner (BCLP) and CMS Cameron McKenna Nabarro Olswang are new additions to the panel, The Lawyer can reveal. When the wheels of the review were still in rotation, BCLP […]
Cleary Gottlieb Steen & Hamilton and White & Case have exited the high-profile Peugeot case just days before it starts, reaching a settlement with the car manufacturer. Cleary and White & Case represented the primary defendants in the Peugeot S.A. and others v NSK Ltd case, which is featured in The Lawyer’s Top 20 Cases of 2018. […]
Dentons partner Sam Hutchinson is leaving the firm for Cadwalader Wickersham & Taft, The Lawyer can reveal. Her hire is part of an effort to rebuild Cadwalader’s London finance practice following exits to Milbank Tweed Hadley & McCloy and Brown Rudnick earlier this year. Hutchinson is leaving Dentons after over five years in the finance […]
The Solicitors Regulation Authority (SRA) has opened an investigation into a non-disclosure agreement (NDA) Allen & Overy (A&O)’s for disgraced produced Harvey Weinstein. SRA chief executive Paul Philip appeared in front of the Women and Equalities Committee today (25 April). The SRA’s “open investigation” into A&O and the length of time between the initial allegations […]
In 2016 Global 200 billings totalled $128.4bn – a 3 per cent increase on 2015’s $124.4bn. A large part of that growth is thanks to six ambitious firms.
If settlements are conducted behind closed doors then they seldom achieve the attention and excitement of the cases that make it to trial, for the fact there is no binary winner or loser. That may have to change, because so far, three of The Lawyer’s Top 20 cases for this year have settled.
As it emerges that eight former Cobbetts lawyers have been referred to the Solicitors Disciplinary Tribunal, we recall the story of an ambitious firm caught out by the recession.
Clifford Chance partners have voted to extend the firm’s lockstep ladder once again this week. But who is going to benefit from this change?
As far as litigation is concerned, settlements are supposed to be the gentle way out. But in the case between the Libyan Investment Authority and Societe Generale, it has come to signify the end of one headache and the beginning of another.
Last year Ashurst’s mounting partner exits signalled serious trouble within its ranks. But as firms prepare to release their year-end financials, the consensus is that the storm at Ashurst has calmed. Will it last?
Mishcon de Reya has acquired Davis & Co; a four-strong litigation boutique in the City.
Ince & Co has stalled merger talks for a tie-up promised to partners earlier this year, despite indications that the firm was nearing a deal with Holland & Knight.
Allen & Overy (A&O) has entered merger talks with US firm O’Melveny & Myers which could create a £2bn global law firm, The Lawyer understands.
Bryan Cave Leighton Paisner (BCLP) has today gone live following the vote between partners which saw the transatlantic merger go through last month.
Keystone Law has revealed its first set of financial results since its IPO, posting a 24 per cent uplift in revenue to £31.6m for the 2017 financial year. The increase from £25.6m marks yet another year of double-digit growth for the firm, which has seen its turnover nearly triple since 2012/13 when it reported gains […]
Baker McKenzie’s highest-paid UK partner received nearly £2.6m in 2016/17, more than double the amount handed out in the previous financial year, the firm’s LLP accounts have revealed. The accounts cover the UK side of the business, with the partner clinching the bumper packet believed to be a member of the corporate team. In the firm’s […]
Iberian giant Garrigues has seen its revenue rise above the €350m mark for the first time, cementing its position as the highest earning firm in Europe.
Kirkland & Ellis’ London office revenue grew by almost 50 per cent in 2017 to a new record of $300m, The Lawyer understands. The rise makes it the second-largest US law firm in London on current data behind White & Case. The rise in 2017 follows a much smaller increase the year before, when Kirkland’s […]
Litigation funder Burford Capital saw triple-figure increases in both income and post-tax profits, generating a record $341m (£244.5m) income last year.
King & Spalding has boosted its global revenue by nearly 8 per cent, while small gains in London failed to bring the firm back to 2014 levels in the City.
Slaughter and May has hired investigations lawyer Wynne Mok in Hong Kong, making her the third partner to join the firm from an external position. Mok joins Slaughters from the Hong Kong Securities and Futures Commission, where she has been director of enforcement since 2016. Prior to moving in-house, Mok was a partner in Norton […]
Eversheds Sutherland‘s Asia head of technology, media and telecommunications (TMT) has left the firm’s Hong Kong office for K&L Gates. Nigel Stamp is joining the US firm as a partner after nearly seven years at Eversheds. He previously headed Morrison & Foerster’s China TMT practice, which he joined in 2006 from Clifford Chance. At K&L […]
Gleiss Lutz has suffered a rare partner exit, losing its co-head of private equity to Skadden Arps Slate Meagher & Flom.
Herbert Smith Freehills (HSF) has made a four-partner hire from Watson Farley & Williams (WFW), taking two partners apiece in London and Singapore.
Stephenson Harwood has recruited a new real estate partner in London from US firm Goodwin Procter, The Lawyer can reveal.
McDermott Will & Emery has hired a life sciences team in Frankfurt from Dechert, which just yesterday saw a team decamp from its London office for Goodwin Procter. The team is being led by partner Rüdiger Herrmann, who joined Dechert in 2014 from WilmerHale. He was also a partner at Mayer Brown between 2001 and […]
By Nicholas Okafor, Adeola Sunmola and Martins Inyang Credit enhancement tools, a programme involving the World Bank Group and foreign exchange reforms are intended to boost Nigeria’s electricity supply industry…
By Darran Brennan As with any change to workplaces, employment law will follow. Employment lawyers and the Irish legislature need to consider how current employment law in Ireland may need to adapt to harness the full potential of AI for Irish businesses and, also, to protect employees. William Fry will investigate these issues in a series […]
Age discrimination in the workplace is becoming a topical discussion point. Recent cases, involving RTÉ and University College Dublin have added to the debate…
On 7 November 2017, the Payment Systems Regulator (PSR) issued a consultation paper in relation to ‘authorised push payments’ [1], which considered how financial institutions deal with push payment fraud, as well as how customers are compensated once a fraud has taken place. (The paper referred to all ‘payment service providers’, who enable the transfer of […]
By Jane Ashford-Thom There are still significant uncertainties as to the scope of the right to be forgotten. One of these uncertainties was whether it applies to historic convictions, particularly where they are deemed ‘spent’ under the Rehabilitation of Offenders Act. The position has been clarified in the widely publicised case of ‘NT1’ and ‘NT2’ […]
Guernsey has continued to be an exceptionally successful jurisdiction with a high standard of living, enviable quality of life and buoyant economy throughout the vast majority of the last four decades… …That outward facing posture led to Guernsey introducing a comprehensive regulatory framework for all investment activities and investment funds as far back as 1987, […]
In March 2018, the new Serbian Law on Foreigners was adopted, replacing the 2008 version of this law in force until recently without any amendments. The new law will enter into force on 3 October 2018. While retaining the general concept of the previous law, the new legislation introduces certain novelties in terms of […]
In this article, Shaimerden Chikanayev outlines some of the key legal developments and challenges faced by the Islamic finance market in Kazakhstan in 2017 and provides an overview of some of the major factors that will shape the Islamic finance industry’s growth and trends in Kazakhstan in 2018…
On 16 April 2018, the Council of the State Duma approved for consideration the draft Federal Law ‘On the Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States’ developed by a group of deputies…
By Olivia Lifman In a recent decision of the Ontario Superior Court of Justice, the Court addressed whether or not it could assume jurisdiction over two guarantors in Alberta who had signed guarantees in favour of an Ontario lender company…
By Kelly Campagnola As First Nations continue to settle outstanding grievances with the federal government, and enter into lucrative revenue sharing agreements, the fastemerging niche of Indigenous or Aboriginal banking has become an incredibly competitive segment of business for Canadian financial institutions…
By Jonathan J. Lam On April 12, 2018, Bill 6, Employment Standards Amendment Act 2018 passed third reading in the BC Legislature and will come into force on royal assent. The bill contains amendments to the BC Employment Standards Act (“ESA”), including the introduction of new and extended statutorilyprotected leaves of absence. This bulletin will provide […]