As the deadline for Allen & Overy (A&O) to pay a multimillion dollar ransom on its data passed by without incident on 28 November, the firm declined to comment on whether it had paid the cyber criminals off. On 9 November A&O said it had suffered a ‘data incident’. Posts from X user and self-described …
Continue reading “Allen & Overy dodges data leak bullet as firm tight-lipped on ransom outcome”
The Telegraph and The Spectator are no longer up for auction after Abu Dhabi-backed RedBird IMI helped the Barclay family repay its £1.2bn debt to Lloyds Banking Group. Lloyds placed Telegraph Media Group’s Bermuda-based holding company B.UK into receivership over the unpaid debt in May. AlixPartners was appointed as receiver and Aidan and Howard Barclay …
Despite losing yet another partner in London this week to Paul Weiss, Kirkland & Ellis has continued to build its London bench with its hire of Macfarlanes tax partner Ceinwen Rees. The firm brought tax partner James Morgan over from Linklaters earlier this month after losing Timothy Lowe and Cian O’Connor to Paul Weiss in …
Continue reading “Revolving doors: Global 100 bolster ranks in Europe, Asia and the Middle East”
Allen & Overy has confirmed that it has suffered a ‘data incident’. Posts from X user and self-described ‘threat intelligence platform for cybersecurity’ @FalconFeedsio on Wednesday 8 November suggested that cybercriminal group LockBit had targeted the firm, with a threat to release ‘all available data’ by 28 November. ‘We have experienced a data incident impacting …
The biggest European transaction of recent weeks came when Vodafone announced the sale of its Spanish business to TMT investor Zegona Communications for €5bn. Slaughter and May advised Vodafone with a London-based team led by corporate partners Victoria MacDuff and James Cook and including IP and IT partner Duncan Blaikie, finance partner Charlie McGarel-Groves, tax …
Ahead of our annual Global 100 report in our November/December issue, firms have made concerted efforts to consolidate and expand in the Middle East and Asia in recent months. Bird & Bird has announced a new office in Shenzhen, to be led by the firm’s Greater China intellectual property practice co-head Hank Leung, a Legal …
Continue reading “International round-up: Global 100 firms expand in the Middle East and Asia”
Last year’s LB100 report saw firm leaders bullish, overwhelmingly characterising a boom market, even as macroeconomic indicators had started to flash warning signs. This year, it seems, some of the confidence of stellar recent years has finally started to dwindle. Revenue has continued to grow, though at a slightly slower rate: with turnover up on …
Continue reading “LB100 – Overview: Here comes the rain again”
With mergers and performance across the pond enduringly hot topics in this year’s LB100 report, LB checked in with Womble Bond Dickinson to see how the firm has performed since it became a transatlantic law firm, and how its strategy looks after its tie-up talks with BDB Pitmans fell through ‘They were the right discussions …
Continue reading “LB100 – firm profile – Womble Bond Dickinson: Joining the dots”
‘You’ve now got one more 64,000lb gorilla,’ said one former UK firm leader, in response to the news that the merger of Allen & Overy (A&O) and Shearman & Sterling will proceed. On 13 October, the firms announced the end of partnership voting on the combination, with more than 99% of votes cast at each …
Continue reading “Partners vote yes on A&O Shearman – now they have to make it work”
London fraud specialist Andy McGregor has become the first partner to leave Allen & Overy since partners voted in favour of its merger with Shearman & Sterling last week. A Legal 500 leading individual for civil fraud in London, McGregor is particularly experienced in banking litigation. He moves to disputes boutique Enyo Law after eighteen …
