Allen & Overy leadership latest: banking co-heads step down
In a run of new leadership announcements, Allen & Overy (A&O) has elected Philip Bowden and Andrew Thomas as the firm’s new global co-heads of banking.
A&O names new corporate heads as Ballheimer prepares to join senior leadership
Within weeks of electing the firm’s new leadership, Allen & Overy has announced London corporate head Richard Browne has joined Dirk Meeus as joint leader of the firm’s global corporate practice.
Cravath and Skadden check-in as Starwood derails Marriott merger to seal Chinese hotel takeover
Cravath, Swaine & Moore, Skadden, Arps, Slate, Meagher & Flom and Gibson, Dunn & Crutcher are advising as Westin owner Starwood Hotels & Resorts Worldwide has called off its $12.2bn buyout agreement with Marriott in favour of a $13.2bn offer from a group of investors led by China’s Anbang Insurance Group.
Robot law: Deloitte estimates automation to cut legal sector jobs by 39% over the next two decades
A new report released by Deloitte is warning law firms to prepare for changes as the rise of automation is likely to cut legal sector jobs by 39% over the next two decades.
Half a million documents later: SFO drops forex investigation due to lack of evidence
The Serious Fraud Office (SFO) has dropped its investigation into allegations of rigging in the foreign exchange (forex) market after it found insufficient evidence to prosecute.
Freshfields disputes veteran Terry heads to the Bar
Freshfields Bruckhaus Deringer disputes veteran Ian Terry is leaving the Magic Circle firm after 38 years and heading to the Bar.
Freshfields makes key competition hire as Clifford Chance City partner to relocate to lead Hong Kong practice
Freshfields Bruckhaus Deringer has hired Clifford Chance’s Alastair Mordaunt to become the new competition head of its Hong Kong practice.
Partner promotions: Freshfields drops round to 16 following steady increases since 2013
Freshfields Bruckhaus Deringer has announced 16 lawyers will make the cut to partnership this year, one less than last year when 17 were promoted.
Cutting back: Government slashes go-to-firms for public sector by 40%
The government is cutting back the number of go-to-firms its uses for external counsel by almost 40% as it prepares the launch of two new panels worth a total of £410m over four years.
Corporate is king as Dejonghe and Ballheimer win vote to lead Allen & Overy until 2020
After a four-month election, Allen & Overy (A&O)’s C-suite for the next four years was revealed last month with corporate lawyers Wim Dejonghe and Andrew Ballheimer chosen as the new leaders. Arguably the only Magic Circle firm to keep pace with US rivals over the last five years, A&O’s partnership opted for continuity as Dejonghe, …