Amid a continued dearth of big-ticket deals, Sika’s €5.3bn acquisition of Master Builder Construction Chemicals (MBCC) Group has been the standout in recent weeks, landing lead mandates for Baker McKenzie and Weil. The deal saw Swiss construction chemicals group Sika acquire MBCC from private equity firm Lone Star Funds, which acquired it in 2019 after …
While our annual risk and professional indemnity report in conjunction with Marsh Specialty charted the movement of environmental, social and corporate governance (ESG) concerns up the law firm risk management agenda in 2022, this time around ESG is all-consuming. So much so that insurers and brokers are making it a key component of discussions with …
Continue reading “Risk management and professional indemnity survey 2023: Walking the talk”
Keystone Law has released its financial results for 22/23, reporting a positive 8% revenue increase since last year with a turnover of £75.3m in comparison to last year’s £69.6m. A breakdown of revenue earnings per principal also shows a promising 4% rise to £190k since January 2022. Although revenue grew, cash generated from the business …
In a novel lateral move, Fieldfisher has announced that cannabis regulatory pioneer Robert Jappie is joining its London regulatory team this month. Jappie established the first department dedicated to cannabis law in the UK at previous firm Mackrell Turner Garrett in 2018. While in this position, Jappie advised CBD brands, licensed producers and medicinal cannabis …
Amid a busy week of non-domestic news, Reed Smith has been among the firms making headlines, appointing Singapore-based Prajakt Samant as its new Asia-Pacific managing partner. Samant has succeeded Kyri Evagora, who had been in the role since July 2020, and who has relocated to the firm’s London office from Singapore.
Allen & Overy’s global litigation co-head Karen Seward (pictured) and project finance and infrastructure partner Kent Rowey have been appointed to co-chair US operations. The pair will succeed US senior partner Tim House, the well-regarded litigator who has led the Magic Circle firm’s US practice since 2017. Seward and Rowey will take on their new …
Sidley Austin’s London office made a major play last week with the hire of two prominent energy infrastructure and private equity partners from Weil, Gotshal & Manges. James MacArthur has joined the firm’s global energy, transportation and infrastructure practice and will be followed shortly by his Weil colleague Ed Freeman. MacArthur is ranked as a …
Next has bought Cath Kidston for £8.5m after the embattled fashion brand filed for bankruptcy. The vintage-inspired lifestyle and homeware brand, founded in 1993, first collapsed in 2020, resulting in the loss of 1,000 jobs and the closure of the majority of its UK stores. Cath Kidston has now entered administration for the second time …
Prolegis, the boutique which struck a formal law alliance (FLA) with Herbert Smith Freehills in 2015, has launched a disputes practice in its Singapore heartland with the hire of a team led by Daniel Chia (pictured) from Morgan Lewis. Chia, who led the Asia disputes practice at Morgan Lewis, will take on the role of …
