Weil, Gotshal & Manges is to close its Dubai arm this summer, making the top 25 global law firm the third major practice to this month announce Middle East closures.
Clifford Chance (CC) is advising the Co-operative (Co-op) Bank as the high street lender is inviting offers to buy all of its shares. This will help build its capital and meet regulatory requirements.
Dentons has announced today (7 February) it is to launch in Jeddah at the same time as Clifford Chance and Herbert Smith Freehills have revealed plans to scale back their presence in the Middle East.
With complex structures and global operations, it has become increasingly difficult to benchmark financial performance of major law firms… which is why it is often revealing to compare public accounts to initial disclosures. The latest case in point is Anglo-Australian giant Herbert Smith Freehills (HSF), which has just confirmed 2015/16 revenues nearly £40m lower than …
Five years since the turbulent union of Herbert Smith and Freehills, the global challenger has chosen Mark Rigotti as its sole chief executive. Is the culture clash over? Managing the delicate power balance between managing partner and senior partner is tricky at the best of times. But how do you address the cultural minefield as …
Continue reading “Taking over – one leader at HSF but is the culture clash over?”
King & Wood Mallesons (KWM) announced today (18 January) that it has already established a new business presence with 30 partners in the UK, Europe and the Middle East, effective immediately. The statement comes after legacy practice SJ Berwin went into administration yesterday.
Berwin Leighton Paisner (BLP) posted a 2% drop in revenue and profitability while paying £6.25m for its 50% stake in flexible legal resourcing business AdventBalance, according to the firm’s latest filings with Companies House.
Almost three months after King & Wood Mallesons‘ (KWM) European arm halted a recapitalisation programme that would ultimately fail, the legacy SJ Berwin partnership, which has been carrying more than £30m in debt, has moved into administration.
Herbert Smith Freehills (HSF) announced today (13 January) it will open in Kuala Lumpur as part of its South East Asia expansion strategy. The firm has obtained a Qualified Foreign Law Firm licence from the Malaysian Bar Council, allowing it to practice without an association.
King & Wood Mallesons‘ (KWM) European partnership has filed a new intention of notice to appoint administrators as the firm continues to leak partners. The previous notice has now expired, having been valid for ten working days since 22 December when it was filed.
