Despite the spate of large scale settlements banks continue to set aside large provisions for legal spend with the latest, Barclays, setting aside £800m for investigations and litigation primarily relating to foreign exchange manipulation while Deutsche Bank put aside €1.5bn in the first quarter of 2015.
With a mandate to increase its Asia revenues, Hogan Lovells continues to recruit at partner level, today (28 April) announcing the hire of Wataru Kamoto from local boutique Hibiya-Nakata to its corporate practice in Tokyo.
Clifford Chance has this year made up 25 lawyers to partner in its annual promotions round, with six associates across corporate, finance, and real estate practices making the cut in London.
On the back of robust financial growth for the 2013/14 year, high-flying boutique Signature Litigation is exploring developing a trainee scheme, with a proposal to match itself with non-competing firms and ‘facilitate a programme of reciprocal secondments’.
Norton Rose Fulbright (NRF) has today (27 April) announced a total of 51 lawyers were made up to partner across the US, Canada Europe, Asia and Africa in what constitutes its largest promotions round since its 2013 combination.
Clifford Chance (CC) has this week seen another exit from its German operations with longstanding capital markets partner Markus Pfüller leaving for the Frankfurt office of local firm SZA Schilling Zutt & Anschutz.
Lloyds Banking Group group general counsel (GC) Andrew Whittaker (pictured) is stepping down from his role after two years and leaving the bank, where he will be succeeded by deputy GC Kate Cheetham in the top legal role.
The CMS international network has this year made up 39 lawyers to partner across Europe and the Middle East, including 10 in the UK and with women accounting for over 46% of total promotions.
Norton Rose Fulbright (NRF) has recruited a team of five lawyers from Fried, Frank, Harris, Shriver & Jacobson’s disputes practice in Hong Kong in the wake of the latter’s decision to pull out of Asia in January.
After undertaking a signifcant push into the Asia-Pacific market since the start of this year, Withers has now enhanced its corporate, litigation and IP law capabilities in the US with the hire of an 11-strong team, comprising five partners and six lawyers, to its Greenwich, Connecticut office.
