Big ticket M&A may be in short supply but both defensive and regulator-instigated investigations into corporate behaviour is burgeoning, as Linklaters becomes the latest leading law firm to secure a high profile mandate, advising G4S on its recent tagging scandal. The Magic Circle firm led by corporate partner Richard Godden and litigator Tom Lidstrom has been …
Direct Line Group (DLG) looks set to become the next major insurance group to launch a new legal services venture, in partnership with Parabis Law, after applying to the Solicitors Regulation Authority to form an alternative business structure (ABS). The retail general insurer has also added an interesting dimension to the debate over cuts to …
London has been the focus of a series of hires for top national, City and US firms including DAC Beachcroft, RPC, K&L Gates and Reed Smith, as Dechert has also boosted its Moscow offering with a hire of a partner from Hogan Lovells. Adrian Williams joins DAC Beachcroft’s corporate insurance team from reinsurance giant Swiss Re, …
Linklaters and Freshfields Bruckhaus Deringer have landed the leading roles on a takeover bid by France’s Schneider Electric for UK engineering firm Invensys in an offer that values the company at £3.3bn. Linklaters led by London corporate partner Nick Rees is lead adviser to the French power equipment company, while Freshfields led by corporate head Barry O’Brien and City …
The revolving door at Shearman & Sterling’s European practice was spinning once again today (11 July) with news that capital markets partner Bertrand Sénéchal has quit the US law firm to join the Paris arm of Linklaters. Sénéchal’s practice covers a broad range of debt and equity securities work. The high profile partner has handled the …
Simmons & Simmons has released its financial results for 2012-13, posting a slight dip in revenues from £251.7m to £250.3m while profit per equity partner (PEP) is down from £529,000 to £525,000 – a drop of about 0.6% – following a year of international expansion. The financial results, which remain unaudited since their appearance in …
Continue reading “Simmons sees marginal drop in turnover and PEP”
Former Financial Times general counsel Tim Bratton is set to join the Berwin Leighton Paisner-backed Lawyers on Demand (LOD) in September as practice development director. Jonathan Brenner (pictured), co-founder of LOD, told Legal Business he was ‘delighted’ to get the high profile Bratton on board. Bratton joins in a newly-created role to help drive the …
Field Fisher Waterhouse has joined forces with Ryser & Associates in Shanghai while a show of strength among the Global 100 leaders in Hong Kong over the past week has seen Jones Day, Dentons and DLA Piper bolster their finance and capital markets capability. Field Fisher announced yesterday (8 July) that it has launched in Shanghai …
Clifford Chance (CC) has underperformed its Magic Circle rivals in its 2012/13 results as the firm today announced a 2.5% decline in revenue to £1,271m and a 9% drop in profit per equity partner (PEP) to £1m. The firm, which has expanded the number of equity partners year-on-year from 379 in 2010-11 to 411 in the …
Continue reading “Clifford Chance underperforms Magic Circle with 9% drop in PEP”
Berwin Leighton Paisner (BLP) has confirmed that it has cut 102 jobs that were placed under review in May, with 58 legal staff and 44 secretarial jobs being lost. Of those laid off, 84% took voluntary redundancy, reflecting relatively generous severance terms on offer. The redundancy review was announced on 14 May and lasted for 45 days. …
Continue reading “102 jobs to go as BLP redundancy consultation concludes – 58 legal staff depart”
