If anyone still doubts the mounting legal burdens now falling on the world’s largest finance houses Deutsche Bank has this week dispelled such thoughts after announcing a fresh €1.2bn provision to cover its legal costs. The German banking giant today (29 October) reported a 98% fall in quarterly profits after setting aside additional funds to …
The Law Society has not always seen eye-to-eye with its City firm contingent but the hire of Allen & Overy’s (A&O) global markets partner Stephen Denyer, who is leaving the Magic Circle firm to join the representative body as City and international head, may go some way towards building a bridge between the two camps. …
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Private equity exits are turning 2013 into the best year for UK IPOs since around 2010 as Slaughter and May and Simpson Thacher & Bartlett represent Infinis and its principal shareholder Terra Firma while Ashurst advises the banks on the wind power company’s £1bn float. Slaughter and May corporate and commercial partners Jeff Twentyman and Kathy Hughes notched …
With foreign investor confidence in India shaken by the weakening rupee and the country’s high debt-to-GDP ratio in many ways it seems a strange time for Lawrence Graham (LG) to be entering into a referral relationship with Indian law firm Naik Naik & Company, as it did at the end of September. LG has had an informal …
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Mayer Brown is boosting its English law securitisation capability with the hire of former Mayer Brown lawyer Richard Todd, who re-joins the firm from Berwin Leighton Paisner (BLP) alongside Allen & Overy banking associate David O’Connor. Todd will work on domestic and international structured financings alongside former colleague and head of the banking and finance …
Ashurst is nearing the end of its London redundancy round as the firm confirms 120 of its support staff will be leaving its City base after 45 days of ongoing consultations. The 120 employees – selected out of a possible 350 staff earmarked for redundancy – have been given the option to transfer to the …
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Reed Smith and Cavendish Legal Group have been facing each other in the Central London Employment Tribunal this past week as eccentric race pundit John McCririck (pictured) sues his former employers Channel 4 and IMG Media for age discrimination. Seventy-three year-old McCririck was axed from Channel 4’s coverage last year, when Clare Balding and a new-look team took …
Deputy president of the Supreme Court Lady Hale today (2 October) advocated a new approach to attracting youths from diverse backgrounds starting first with the elimination of barristers wigs, in a meeting otherwise dominated by the issue of full-face veils in court. In a briefing held together with Lord Neuberger to reflect on his first year …
The City legal profession collectively regards itself as a global ambassador for UK enterprise but CMS Cameron McKenna energy partner Fiona Woolf has been officially awarded the representative role of the Lord Mayor of the City of London, becoming only the second female holder of the post in its 800-year history. Woolf will be the City’s 686th Lord …
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Who will be the next generation of corporate heavyweights that top City firms will rely on to drive their businesses in the decade ahead? Legal Business canvassed a wide group of deal veterans to identify the ones to watch. It is often said that the best of the City’s M&A partners were battled-hardened and defined …
Continue reading “Great bright hopes – searching out the City rainmakers of 2020”
