If upgrading your square footage is any litmus test of how City firms feel about the future then a raft of them including DLA Piper, Bird & Bird and Field Fisher Waterhouse (FFW) can be said to be in confident mood. As reported by Property Week on Tuesday (11 June), top Global 100 firm DLA is …
Slaughter and May is advising Punch Taverns on its £2.4bn securitised debt restructuring as the UK’s largest pub company warns creditors it could face administration. On Monday (10 June) a powerful group of lenders rejected plans to reduce the pub group’s interest payments to £32m a year. Slaughters led by corporate partner David Johnson is advising longstanding …
London dominated the lateral hiring scene over the past week with firms including US Chadbourne & Parke, Allen & Overy (A&O), Eversheds and Pinsent Masons strengthening their City offering. Chadbourne’s 36-lawyer London office, which acts a hub for the firm’s emerging and developing markets practice, has hired banking and finance partner Partha Pal from the …
Continue reading “Revolving Doors: Chadbourne, A&O, Trowers and Pinsent Masons boost City offering”
Reynolds Porter Chamberlain has become the second City firm today (11 June) to announce a high double digit increase in revenue, with turnover up by 20% for 2012-13. The top 50 LB100 firm has seen its revenue rise from £68m in 2011-12 to £82.1m this year. Its profits are yet to be announced.
The Serious Fraud Office (SFO) is to recruit an additional 10 junior barristers to join the team involved in the defence of the multi-million damages claims brought by the Tchenguiz brothers. Last year property tycoons Robert and Vincent Tchenguiz sued the SFO for more than £200m after the agency made serious mistakes in its investigation …
Dundas & Wilson’s beleaguered City office has deferred its 2014 trainee intake by a year and cancelled its London summer vacation scheme just weeks before students were due to arrive. Around 24 students who were due to spend two weeks at the Scottish firm’s London office next month have been told the scheme will no …
Continue reading “Dundas cancels vacation scheme as trainee intake is deferred”
As Bristol-based TLT yesterday posted a double-digit hike in turnover and announced a dual hire to launch an office in Manchester, in contrasting fortunes Glasgow-based Maclay Murray & Spens became the latest UK firm to announce a redundancy consultation in a move that could affect up to 30 roles.
Europe has been the focus of much lateral partner activity over the past week, as firms including Eversheds and Osborne Clarke make senior hires across the continent. On 3 June, Osborne Clarke announced it is to open in Brussels with a two-partner, five-lawyer team from former Belgian ally De Wolf & Partners, led by De Wolf’s head of …
DAC Beachcroft, Kennedys, Hill Dickinson, Browne Jacobson and Weightmans are among 14 firms to have won places on the NHS Litigation Authority’s (NHSLA) expanded services legal panel, with a total legal spend of around £400m over four years. The body that deals with claims from patients who have been harmed whilst under the care of …
Continue reading “NHSLA unveils £400m panel as DAC and Hill Dicks win spots”
Top 15 UK firm advises clients Commerzbank and Morrisons Ashurst is leading on two headline transactions announced in mid-May as Germany’s Commerzbank entered talks to sell £4bn of its UK property loans and supermarket Morrisons signed a long-term deal with online grocer Ocado. The top 15 UK law firm is advising longstanding client Commerzbank on …
Continue reading “Ashurst takes lead role in headline deals”
