Land Securities has appointed Herbert Smith Freehills and Hogan Lovells to its revamped legal panel following a year-long review that ended in January. The largest commercial property company in the UK now has nine external law firms on its roster. Group general counsel and company secretary Adrian de Souza has organised his law firms into …
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Private equity backed Parabis Group recently entered the Scottish legal insurance market with a bold statement of intent, hiring local rival HBJ Claim Solutions’ litigation head Tony O’Malley in the process. Parabis, an alternative business structure in England and Wales, has opened a single-partner-regulated law office known as Parabis Scotland. It will offer claimant and …
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Ashurst’s recent appetite for international expansion shows no sign of abating, with the firm announcing in November the launch of a new operation in Saudi Arabia. The firm will soon be able to practise Saudi law after establishing a partnership with Faisal Adnan Baassiri, the former head of legal at Ashurst client Saudi Economic and …
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With the latest round of bank panel reviews in full swing, early indications show signs of a backlash from law firms as banks place increasing demands on panel candidates at the same time as driving down costs. In October, The Royal Bank of Scotland (RBS) announced the results of its long-running panel review. By reducing …
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At press time, partners at SNR Denton, Salans and Canadian firm Fraser Milner Casgrain (FMC) were poised to vote through a $1bn, three-way merger using a Swiss Verein model. A source within SNR Denton said that the union was basically a ‘done deal’ with partners from all firms having met on 13 November to review …
Continue reading “Landmark three-way merger aims to end Dentons’ Europe woes”
When the credit crisis hit, leveraged finance lawyers were among the first to fall. They are still in the doldrums, but there’s light at the end of the tunnel. After some serious market reshaping, LB asks which firms will reap the rewards when the market finally returns. To say that leveraged finance lawyers have had …
When former Dewey & LeBoeuf partners blamed Citibank for not telling them about the dire state of the firm’s finances, they got short shrift. In today’s legal market, there’s no excuse for not scrutinising the balance sheet. Here’s LB’s definitive guide to all you need to know When law firms fail, the fallout can be …
Squire Sanders expanded both its Middle East and South Korea operations in October, as Latham & Watkins reported a surge in investment activity between Asia, most notably China, and the Gulf states. Cleary Gottlieb Steen & Hamilton also announced in October that it will open an office in Seoul, following approval from the Korean regulatory …
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City law firms unimpeded by banking relationships will be seeking a place on a new Financial Services Authority (FSA) panel of external advisers to carry out investigations into financial institutions. The panel, which will be announced in spring next year, will comprise firms that will compile reports under section 166 of the Financial Services and …
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Baker & McKenzie has extended its increasing strategic focus on Latin America by becoming the first international law firm to establish in Peru. The firm announced a new partnership with Estudio Echecopar, a leading Lima-based firm, in October. It is one of the largest firms in Peru, with over 200 staff, and is ranked in …
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