The ONS released its quarterly economic data on Wednesday and the March figures were not pretty for the UK real estate sector. After only two weeks of lockdown, GDP fell by 2 per cent for the quarter, construction output fell 2.6 per cent and retail sales dropped 3 per cent. In the short run, this […]
There were a lot of magic circle redundancies during the 2008 recession. At the time, this was seen as a failure, but if you take the long view, the financial crisis forced the big four to get their houses in order. In 2008 the magic circle employed 9,656 qualified lawyers between them. By 2009, this […]
Out of all the years to choose from and McDermott Will & Emery picks 2020 for its London office reboot. The US firm’s City base is well on track to add more new partners than it did last year; it has already added four new members compared to six throughout the whole of 2019. McDermott […]
Byrne and Partners secured victory over RPC for its anonymous client ZXC, as Bloomberg failed to overturn a High Court decision on privacy rights. It was the Court of Appeal that sided with the respondent on Friday, which ruled upon whether criminal suspects have a reasonable expectation to privacy, and if so, when. This specific […]
The ONS released its quarterly economic data on Wednesday and the March figures were not pretty for the UK real estate sector. After only two weeks of lockdown, GDP fell by 2 per cent for the quarter, construction output fell 2.6 per cent and retail sales dropped 3 per cent. In the short run, this […]
There were a lot of magic circle redundancies during the 2008 recession. At the time, this was seen as a failure, but if you take the long view, the financial crisis forced the big four to get their houses in order. In 2008 the magic circle employed 9,656 qualified lawyers between them. By 2009, this […]
Out of all the years to choose from and McDermott Will & Emery picks 2020 for its London office reboot. The US firm’s City base is well on track to add more new partners than it did last year; it has already added four new members compared to six throughout the whole of 2019. McDermott […]
Byrne and Partners secured victory over RPC for its anonymous client ZXC, as Bloomberg failed to overturn a High Court decision on privacy rights. It was the Court of Appeal that sided with the respondent on Friday, which ruled upon whether criminal suspects have a reasonable expectation to privacy, and if so, when. This specific […]
Allegations of dishonest assistance and deceit have been made by a former client of Stevens & Bolton, with a trial expected next year in relation to a series of property deals on which the firm worked. Mr Justice Birss yesterday rejected part of a strike-out application made by Stevens & Bolton to dismiss elements of […]
Employee ownership makes for more successful firms
You need a couple of attempts to crack America. For Allen & Overy, the O’Melveny negotiation was simply the appetiser before the main course. Ashurst, though, has had a few too many sharing plates. Who can forget the rejection of Latham? The talks with Fried Frank that led to the Ashurst managing partner defecting to […]
Hybrid working has been a significant success for Big Law, with lawyers now used to being able to switch between meetings and the domestic chores. Yes, the working day might be longer, but it’s been more productive for both home and work life. Sadly, the washing may begin to pile up again, as new research […]
All the magic circle’s partner promotions are in for 2023, so what’s interesting about those made up in London this year? Here are a few points that jump out. The magic circle is even less Oxbridgey than ever Just 30 per cent of the 46 new magic circle partners this year hailed from Cambridge (seven) […]
Dodgy-looking characters losing thousands in the casino, sky-high fountain displays dancing in front of glitzy hotels, and George Clooney with his 11-strong mob breaking into vaults are sights you expect to witness in Las Vegas. And a recent holiday to Sin City did not disappoint – except the Clooney part, unfortunately. What was unexpected was […]
Freshfields Bruckhaus Deringer will begin recruiting 100 trainees per year for the first time since 2009, reversing years of decreases. The qualifying cohort of 2022 was only 73 strong, but the firm has been gradually expanding its recruitment levels once more. Last year it was on the hunt for 90 trainees to begin in 2024, […]
Allen & Overy is set to replenish its infrastructure and private equity ranks with the hire of a partner from CMS. Edward Holmes has spent a year and a half at CMS and joined in January 2022 as a partner. He previously spent nearly 12 years at Clifford Chance, where he was a senior associate. His […]
DLA Piper, Freshfields Bruckhaus Deringer and Kirkland & Ellis have all advised on the £4.5bn cash buyout of veterinary pharmaceutical company Dechra. EQT and Abu Dhabi Investment Authority subsidiary Luxinva have purchased Dechra in one of the largest private deals of the year to date. Kirkland corporate partners Roger Johnson, Dipak Bhundia and Francesca Harris […]
DAC Beachcroft is reconsidering the sale of its Claims Solutions Group (CSG) following the news the firm was in talks with a private equity fund. The firm was in negotiations with London-based Limerston Capital in April over buying the CSG following a strategic review. However, a firm spokesperson has now said: “Following a strategic review […]
Despite a febrile mood across the equity capital markets sector, Latham & Watkins and Clifford Chance have won one of the largest listing mandates for 2023. We Soda this week announced its intention to apply for admission of its shares to the premium segment of the official list of the FCA and trading on the […]
