‘Has the strategy changed? The short answer is: no, it hasn’t.’ That was the message from Hogan Lovells chief executive Miguel Zaldivar, who spoke to Legal Business alongside deputy chief executive Michael Davison about the firm’s strategy after its proposed merger with Shearman & Sterling fell through recently.
Quinn Emanuel Urquhart & Sullivan has announced the launch of a new office in Beijing, its second in mainland China following its 2016 opening in Shanghai. The new branch will be headed by Xiao Liu, head of Quinn’s China practice. Haiyan Tang will remain as head of the Shanghai office, and will also move into …
Sullivan & Cromwell made a major play last week with its hire of prominent private equity partner Karan Danamani from Allen & Overy. A Legal 500 Hall of Famer in high-value PE transactions, Danamani joined Allen & Overy from Ashurst in 2014, and has significant expertise in complex cross-border work. The move marks a significant …
Shearman & Sterling has named respected litigator Adam Hakki as the senior partner successor to David Beveridge, as the firm comes to terms with its failure to strike a merger deal with Hogan Lovells. The move will be cemented in a formal election later in the year, however the firm said in a statement that …
Cravath, Swaine & Moore launched an English-law offering last week through the hire of partner duo Philip Stopford and Korey Fevzi from Shearman & Sterling. Though Cravath has maintained an office in London since 1973, it has never fielded a team of English law practitioners. Its decision to do so now leaves Paul Weiss as …
In what the client has billed ‘the first case of its kind seeking to hold corporate directors personally liable’, Pallas Partners is representing ClientEarth pro bono in its case against Shell’s board of directors for ‘mismanaging climate risk’. After nearly a year of pre-action proceedings, Pallas Partners has filed a derivative action against the energy …
Ongoing talk of a merger with Hogan Lovells has prompted an exodus from Shearman & Sterling, with the departure of EMEA and Asia M&A head Philip Cheveley to Sidley Austin one of the headline moves in the London market in recent weeks. The blow to Shearman will be even more keenly felt since the move …
‘Disputes arise when there is disruption, and it seems to me there’s just about every type of disruption at the moment.’ With this, Julian Copeman, a disputes partner at Herbert Smith Freehills neatly summarises market expectations for 2023. It is going to be a busy year.
As the financial reporting season kicks off once more, Hogan Lovells has today (22 February) reported a 7% drop in revenue to $2.43bn as PEP fell 8% to $2.28m. This represents a $174m reduction to the firm’s top line and looks likely to set the mood for many Global 100 players as market forces continue …
Continue reading “No personal best this year for Hogan Lovells as turnover and profits decline”
Once a rare phenomenon, exits from Travers Smith have picked up pace in recent weeks, with the latest departures announced this week being those of Ed Ford and Sacha Gofton-Salmond to Simpson Thacher & Bartlett. Partners at Travers since July 2021 and July 2022, respectively, Ford and Gofton-Salmond will bring to Simpson Thacher with capabilities …
