Baker McKenzie in September announced that it is ‘parting ways’ with Dr Habib Al Mulla, name partner of member firm Habib Al Mulla & Partners, following a series of anti-gay Twitter comments. Confirming that the ‘separation process is underway’, the firm said in a statement that it ‘strongly believes that however much we may disagree …
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The EU is gearing up to regulate the third-party litigation funding market following an EU parliamentary vote in favour of the resolution. The regulations are intended to increase transparency, fairness and proportionality in the market, which until now has escaped formal regulation. Among the proposals is a 40% cap on the percentage of a court …
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Dentons has become the first global law firm to combine with a law firm in India, as it finalised its tie-up with full-service firm Link Legal in October. Link Legal has five offices across India in Mumbai, Delhi, Bengaluru, Chennai and Hyderabad, as well as an existing New York office, which it launched in February …
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Kirkland & Ellis has cemented its commitment to building its European infrastructure practice with its fourth magic circle hire in two months. Clifford Chance’s co-head of infrastructure Toby Parkinson is the latest of the City elite to move to the US rival to bolster its infrastructure coverage. This follows the arrivals last month of Allen …
It’s been a busy week for London laterals, as firms have bolstered their transactional and regulatory teams. King & Spalding has strengthened its London corporate, finance and investments practice with the additions of Amit Kataria from Morrison & Foerster and private equity partner Paul Barron, a rare departure from Scottish corporate firm Dickson Minto. This …
This week, as the pound reached a record low against the dollar, US firms have continued to wield their hiring power in the City, adding several high-profile laterals to their ranks. Kirkland & Ellis bolstered its infrastructure funds practice with two magic circle hires. It recruited the Legal 500-ranked leading individual James Boswell from Clifford …
Recruitment continued at pace in London and on the continent this week, with laterals spread across finance, tech and disputes. Among the high-profile moves, Latham & Watkins lured a Legal 500-ranked hall of fame corporate partner from Linklaters in Madrid while Wiggin and Hogan Lovells targeted tech. Hogan Lovells hired finance and fintech partner Bryony …
Despite the inevitable slowdown in the spring following Russia’s invasion of Ukraine, deal activity rebounded over the summer with an unusually busy August. Latham & Watkins, Kirkland & Ellis and the magic circle were among the firms taking the lead on billion-pound private equity, energy and tech deals. Latham advised EIG on its $4.8bn acquisition …
Travers Smith has today (26 August) reported a modest 5% rise in revenue to £195m from £185.7m. This represents a slowdown from the firm’s 15% hike last year as it is impacted by the war in Ukraine and resulting macroeconomic challenges. Profit per equity partner (PEP) fell 9% to £1.105m from £1.22m in 2021. Meanwhile, …
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‘The global Magic Circle is all American. The reality is that the English Magic Circle are now competing with the next tier down of US firms. So, for a UK Magic Circle firm to merge with a lower tier US firm would likely be accretive.’ So says Charlie Geffen, formerly a partner at Ashurst and Gibson Dunn. He expresses a common pessimism …
