Signature Litigation enjoyed a period of extraordinary growth over the last financial year, with revenue shooting up by 31.8 per cent to £22.4m. This coincided with a profit share of 17.2 per cent paid as a proportion of base salary to all non-partners as part of its fixed profit-sharing model. The litigation boutique has been […]
A raft of firms, including Slaughter and May and Linklaters, have been called up on William Hill’s talks with Caesars Entertainment on a potential £2.9bn takeover. In the UK, Slaughter and May and Linklaters are lined up for William Hill and Caesars. Slaughters corporate M&A partners Murray Cox and David Johnson are taking the lead […]
Hogan Lovells and Dechert have criticised Eversheds Sutherland and the Serious Fraud Office, during an application hearing yesterday as part of the dispute involving the Eurasian Natural Resources Corporation. The parties are preparing for a rolled up trial in the long-running dispute, which is scheduled to be heard in June 2021. As part of the […]
BNP Paribas SA v Trattamento Rifiuti Metropolitani SPA [2020] EWHC 2436 (Comm) (11 September 2020) The Commercial Court favoured the claimant, BNP Paribas SA (the bank) against defendant, Trattamento Rifiuti Metropolitani SPA (TRM) with regard to the bank’s claims for declaratory relief arising out of an interest rate hedging arrangement (the swap) that was entered […]
Signature Litigation enjoyed a period of extraordinary growth over the last financial year, with revenue shooting up by 31.8 per cent to £22.4m. This coincided with a profit share of 17.2 per cent paid as a proportion of base salary to all non-partners as part of its fixed profit-sharing model. The litigation boutique has been […]
A raft of firms, including Slaughter and May and Linklaters, have been called up on William Hill’s talks with Caesars Entertainment on a potential £2.9bn takeover. In the UK, Slaughter and May and Linklaters are lined up for William Hill and Caesars. Slaughters corporate M&A partners Murray Cox and David Johnson are taking the lead […]
Hogan Lovells and Dechert have criticised Eversheds Sutherland and the Serious Fraud Office, during an application hearing yesterday as part of the dispute involving the Eurasian Natural Resources Corporation. The parties are preparing for a rolled up trial in the long-running dispute, which is scheduled to be heard in June 2021. As part of the […]
BNP Paribas SA v Trattamento Rifiuti Metropolitani SPA [2020] EWHC 2436 (Comm) (11 September 2020) The Commercial Court favoured the claimant, BNP Paribas SA (the bank) against defendant, Trattamento Rifiuti Metropolitani SPA (TRM) with regard to the bank’s claims for declaratory relief arising out of an interest rate hedging arrangement (the swap) that was entered […]
Cooley is looking to start populating its new office in TwentyTwo Bishopsgate in the second quarter of 2021, the latest step in an effort to carry out the firm’s long-planned move. It is understood that the firm is looking to organise a phased move well after the beginning of the year, with a time frame […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Talk of associates losing faith in the partnership track is nowhere to be seen at Addleshaw Goddard, which recently unveiled its largest round to date. The partnership count is currently running at 429 – up 75 per cent from the 245 it housed back in 2019. Those promotions show a firm that is bullish about […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
Charles Russell Speechlys (CRS) is continuing its innovation strategy rollout with the introduction of a new programme for its trainee solicitors. Following the launch of its ‘advanced client solutions’ (ACS) team in early April, the firm has now brought in Russell Up, a scheme designed to have each trainee deliver four innovation projects throughout their two-year training […]
Davis Polk & Wardwell has recruited from Paul Hastings’s finance team, expanding its partnership ranks in the City to nine. The small City outfit has hired Luke McDougall from Paul Hastings. McDougall focuses on UK and cross-border acquisition finance and restructuring, acting for senior lenders, junior lenders and borrower groups on a variety of capital […]
Having returned to the legal market after seven years in retirement, Graham White has been named as senior partner of McDermott Will & Emery’s London office, along with a new managing partner. Private equity lawyer White, who joined McDermott this year after leaving Fried Frank Harris Shriver & Jacobson in 2017, has taken on the […]
