Trainee retention: White & Case keeps on 100% of Spring 2015 trainees as OC retains 89%
White & Case and Osborne Clarke (OC) are the latest firms to reveal trainee retention rates this month, keeping on 100% and 89% respectively.
A €7.4bn enterprise value: Ropes & Gray and Lathams advise on Altice purchase
US firms Ropes & Gray and Latham & Watkins won roles advising on telecommunications group Altice’s purchase of Portuguese telecoms rival Oi’s assets worth €7.4bn on a cash and debt-free free basis.
‘Designed in the 19th century’: Leveson calls for court system reforms
Lord Justice Leveson has called for reforms to streamline the justice system in England and Wales for greater efficiency.
A €3.5bn arbitration: Shearman, Bakers and White & Case land roles on Finnish nuclear dispute
Finnish power producer TVO and construction consortium Areva-Siemens have gone to London’s International Dispute Resolution Centre (IDRC) in a bid to settle the ongoing €3.5bn Finnish nuclear arbitration over construction delays to the 1.6gw Olkiluoto 3 nuclear plant.
Feuding brothers: Leading Indian firm Amarchand splits after failing to settle ownership battle
India’s largest law firm Amarchand & Mangaldas & Suresh A Shroff & Co has agreed to split the 600-lawyer firm after months of legal wrangling over unequal equity shares.
Revolving doors: Clydes, Quinn Emanuel and Gibson Dunn make key hires
Last week saw Clyde & Co expand its transportation finance practice in the City, while Quinn Emanuel Urquhart & Sullivan expands its litigation offering in Houston, and peer group firm Gibson, Dunn & Crutcher expanded its M&A offering in Singapore.
Mounting departures: Barclays’ global head of financial crime steps down
Days after Barclays global general counsel (GC) of corporate and investment banking Judith Shepherd announced that she will be stepping down in the first half of this year, Barclays global head of the financial crime legal team Jonathan Peddie has quit the banking giant after nine years.
Targeting the UK: Slater & Gordon in talks with Quindell over division purchase
Alternative Business Structure (ABS) Quindell has entered negotiations to sell one of its operating divisions to Australian law firm Slater & Gordon.
US revenues 2014: Weil Gotshal & Manges bounces back with 16.5% PEP increase
US firm revenues for 2014 have kicked off with Weil, Gotshal & Manges showing a comeback in its results after profits and turnover plummeted in 2013.
SRA indemnity report: Number of closing firms drops despite rejection of minimum cover cut
The Solicitors Regulation Authority (SRA) has confirmed 12 law firms have been forced to close for failing to secure professional indemnity insurance (PII) while the status of a further 37 has yet to be determined.