Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system of ‘preferred’ and ‘approved’ firms.
The Law Society has asked the Metropolitan Police to investigate Wonga after it emerged that the UK’s biggest payday lender had sent letters to customers in arrears from non-existent law firms, threatening legal action.
Wonga, the UK’s biggest payday lender, has entered an agreement with the Financial Conduct Authority (FCA) which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.
Kennedys is the latest UK firm to announce its 2013/14 turnover, unveiling double digit growth with revenue up by 10% to £128.5m. The lion’s share of revenue at the top 30 firm came from its UK activity, which generated £98.3m.
Shearman & Sterling’s London office has taken the lead advising New York-listed global exchange and clearing house operator IntercontinentalExchange (ICE) on its initial public offering (IPO) of pan-European exchange group Euronext on Euronext Paris, Brussels and Amsterdam, for what ICE says is likely to be valued at in excess of $2bn.
As co-CEOs David Harris and Warren Gorrell enter their final weeks leading the partnership at transatlantic firm Hogan Lovells, newly-elected sole CEO Steve Immelt is putting relationship building high on his list of priorities, alongside harder objectives such as further global expansion and fine-tuning the firm’s remuneration system.
Clyde & Co announced today (9 June) that it is expanding its West Coast US practice, opening an office in southern California led by Joe Walsh, formerly a partner at local firm Keesal, Young & Logan.
In our focus on Nabarro this month the firm comes in for some criticism at the hands of an important client for its failure to engage, to make the client aware of its strategy, or simply to make the general counsel (GC) feel sufficient love. While this is just one client and Nabarro could undoubtedly …
Continue reading “A bit of hustle, a bit of love – GCs expect attention and pitching from advisers”
Barclays’ high-profile managing director and general counsel (GC) for the Americas, Michael Crowl, is to head UBS’ US wealth management division, replacing former permanent head Jonathan Eisenberg, who returned to K&L Gates earlier this year. A spokesperson for Barclays last month confirmed the bank has, until a permanent replacement is announced, put in place two …
Continue reading “Barclays’ Americas chief Michael Crowl set to join UBS”
Significant in-house announcements in May saw King & Wood Mallesons SJ Berwin and TLT awarded first-time spots on Sainsbury’s panel, while Lloyds Banking Group (LBG) appointed RSM Tenon’s former group general counsel (GC) Joanne Jolly to lead its insurance group. Sainsbury’s recently concluded the third review of what it calls its ‘legal community’: a 12-strong …
Continue reading “Sainsbury’s unveils new panel as Lloyds appoints insurance GC”
