The inner financial workings of King & Wood Mallesons‘ (KWM) failed European arm have become evident in the joint administrators’ proposals report, issued last week.
An initial report into King & Wood Mallesons‘ now defunct European arm states unsecured creditors are expected to lose £33.5m as administrators Quantuma continue to sift through the affairs of legacy SJ Berwin.
Slaughter and May and Linklaters gained advisory roles as energy services group Amec Foster Wheeler agreed to a £2.2bn takeover by Wood Group in an all-share offer that brings together two of the UK’s largest energy services companies.
Latham & Watkins announced today (9 March) that it has continued bolstering its financial services offering in the City with the hire of Linklaters financial regulation partner Daniel Csefalvay.
Slaughter and May is changing heads in three practice areas: dispute resolution, outsourcing, technology, intellectual property (IP) and sport, and pensions and employment, as Linklaters has also promoted a new real estate leader.
With business rates relief and tax rises for the self-employed stealing the limelight in today’s budget, government documents also reveal deeper cuts to the Ministry of Justice (MoJ), with its spending slashed by 15% over the next three years.
HSF’s Schaffer to join Magic Circle firm later this year After first breaking its duck three years ago in Hong Kong with the hire of Morrison & Foerster’s co-head of China capital markets John Moore, last month Slaughter and May caught the eye by making its first-ever lateral hire in London.
In a busy week for Paris team hires, Reed Smith has taken on three partners from Winston & Strawn, while US firm Ogletree Deakins has launched its first French office with partner hires from Hogan Lovells and Olswang.
Dentons is set to enter the Netherlands, as the firm announced today (2 March) it has combined with Dutch law firm Boekel.
King & Spalding‘s London revenue dipped by 8%, while Covington & Burling‘s City turnover went the other way, improving by 9% for the calendar year 2016.
