Insurance specialist Kennedys is continuing to invest in its international operations by expanding into Melbourne through what is its seventh international office opening and eighth lateral hire this year. The firm’s second Australian base will be led by Michael Kavanagh from local firm Lander & Rogers, where he was a partner.
Baker McKenzie has unveiled stable revenue and profits for the year end 30 June, the first global firm to unveil its financial performance covering a full 12 months after the UK referendum on exiting the EU and the US presidential election. The firm increased its global revenues by 2% to $2.67bn. On a constant currency basis, …
Clifford Chance and Baker McKenzie advise on the €4.5bn (£4.03bn) takeover of German metering and energy management group company Ista by a CK Infrastructure Holdings (CKI) and Cheung Kong Property Holdings joint venture, as Chinese buyouts of European companies rise. German firm Hengeler Mueller is acting for the vendors CVC Capital Partners Fund V.
UK firm Addleshaw Goddard has reported £198m in revenue for 2016/17, a 2% fall from the figure announced last year. However, while the figure represents a drop on 2015/16’s reported revenues of £202m, a spokesperson for the firm said this sum included an uplift for income from conditional fee arrangements. Actual revenue last year was £194m, meaning underlying growth in real terms of …
UK law firms have reported a record 45 cases of cyber thefts to the Solicitors Regulation Authority (SRA) in the first quarter of this year, with £3.2m stolen through conveyancing and inheritance matters as well as from law firms’ own accounts – mainly through email modification fraud. The number of crimes reported more than doubled …
Future RPC trainees will attend courses exclusively at the University of Law (ULaw) from September 2017, after the insurance firm switched to the training provider to prepare its professional courses in advance of the controversial new Solicitors Qualification Examination (SQE). From this September until 2020, trainees at the firm will be required to complete the Graduate Diploma …
Continue reading “RPC partners exclusively with University of Law ahead of SQE launch”
Bird & Bird‘s profit per equity partner (PEP) has risen for a second consecutive year, leaping 11% to £503,000, in line with the firm’s revenue growth, following a double-digit rise in corporate, intellectual property and employment work. The technology and intellectual property-focused City firm’s net income rose to £52.8m over the year from £45.4m the previous year.
Latham & Watkins is advising Blackstone and CVC Capital Partners in their £2.9bn preliminary proposal takeover bid for UK online payment company Paysafe. The FTSE 250 company, which is based on the Isle of Mann, was advised by a Hogan Lovells team led by corporate partner Maegen Morrison with support from corporate partners Don McGown and John …
Private wealth specialist Withers has recorded a decade of consecutive growth this year, with a profit per equity partner (PEP) boost of 25% to £381,000. With 2016/17 revenues up 8% to £174.5m, the pace of growth slowed from last year, when the top line figure was up 21% to £161.5m, but the firm’s international expansion appeared to continue …
UK firm Burges Salmon’s profitability fell 8% in the year to 30 April for the first time in six years, which the firm attributed to the negative impact of Brexit on its business in a challenging year. This year, the Bristol-headquartered firm’s revenue stayed at £87m, slightly down from last year’s £87.4m.
