Shearman & Sterling has lost another two partners in London, as infrastructure and projects partners Ben Shorten and Trinh Chubbock moved over to Gibson Dunn, where Shorten will head the firm’s EMEA projects team. ‘Gibson Dunn has a fantastic energy practice,’ said Shorten. ‘When the opportunity came up, it was too good to miss out …
HFW has posted its best-ever financial results for the financial year 2022/23. After a slight dip of 1% to £198.7m in 2022, revenue climbed by more than 13% to £225.3m. Profit per equity partner and revenue per lawyer were up too: PEP rose by more than 17% to £786,000, while RPL hit £455,000. In London …
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‘Governance was a concern long before people started talking about ESG. What we’ve learnt over time, though, is that governance is also about having a better business. There’s a carrot as well as a stick: an opportunity to gain financial advantage as well as to avoid regulatory issues.’ The words of DLA Piper boardroom counsel …
Continue reading “The ESG Report: Governance – Words into deeds”
ESG litigation is now a buzzword in disputes. Legal Business turned to litigators and funders to examine the market – and what we can expect moving forwards ‘If we accept the wider definition that is so popular in everyday usage, you’d probably say that ESG litigation has exploded in the last three to five years …
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The proposed merger of A&O and Shearman & Sterling has got the market talking about the biggest news in the legal industry for decades. LB finds commentators sanguine on the deal – but management will have much work garnering partner support this summer ahead of the vote. ‘Allen & Overy and Shearman & Sterling to …
Continue reading “Getting its mojo back: How A&O Shearman could redefine the Magic Circle”
Early 2023 has been a tough time for deals. In our 2023 Deals Yearbook, for instance, citing Dealogic, we noted a decline in both the volume and value of deals. Q1 2023 saw just 601 deals totalling $19.6bn in the UK, while globally there were 9,400 deals worth a little under $591bn. This marks the …
Early 2023 has been a rough time for deals. In our 2023 Deals Yearbook, for instance, citing Dealogic, we noted a decline in both the volume and value of deals. Q1 2023 saw just 601 deals totaling $19.6bn in the UK, while globally there were 9,400 deals worth a little under $591bn. This marks the …
ClientEarth has been granted an oral hearing to seek permission to proceed with its derivative action claim against Shell, the firm announced in a statement released today. ‘On Friday last week, the High Court of England and Wales refused permission for the lawsuit to proceed’, ClientEarth said in a 19 May statement. ‘An oral hearing has …
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The energy sector was the focus again for a number of London firms amid a busy round of hires last week, as were the Middle East and Africa regions. International dispute resolution partner and chartered arbitrator Philip Norman has left Clyde & Co for CMS, where he will join the firm’s infrastructure, construction and energy (ICE) …
Pallas Partners is coordinating proceedings in the Swiss courts on behalf of around 800 Credit Suisse AT1 bondholders who held securities valued at $1.7bn. The bondholders have filed claims against Swiss regulator the Financial Market Supervisory Authority (FINMA), alleging that FINMA’s decision to write down the value of the bonds to zero as part of …
