Real estate heavyweights Macfarlanes and Clifford Chance (CC) have landed leading roles on one of the New Year’s first major real estate deals, after Legal & General Property acquired Bishopsgate Long Term Property Fund Unit Trust and its 24-strong portfolio of commercial properties for £370m.
US firm Fried, Frank, Harris, Shriver & Jacobson has enhanced its private equity practice in London with the hire of partner Daniel Oates from O’Melveny & Myers.
Hogan Lovells has today (5 January) become one of the first LB100 firms to announce its New Year promotions with 24 associates made up to partner, including five in London within the finance, disputes and corporate practices.
Private-client focused firm Withers has launched a presence in Australia, creating Withers SBL through an alliance with tax practice Balazs Lazanas & Welch (BLW) and corporate boutique SBL Shmith, as it continues its strategy of ‘expanding into key markets for high net worth clients’.
Magic circle trio Clifford Chance (CC), Linklaters, and Allen & Overy (A&O) have all been gifted places on the extensive legal panel of Russian state-owned bank Vnesheconombank (VEB), alongside a host of other international firms including Hogan Lovells, Akin Gump Strauss Hauer & Feld, White & Case, Norton Rose Fulbright (NRF), and Baker & McKenzie.
Having faced ongoing market criticism for losing multiple disputes partners from its City base in recent years, top ten LB100 firm Norton Rose Fulbright has developed a new strategy for the practice on an international scale in a bid to support growth outside the London office.
Having posted broadly flat financials in recent years and endured a tough period, more than many top-30 firms, Nabarro has today (11 December) unveiled a 3% revenue rise for the 2014/15 half year to £54.1m for the six months to end October, compared to the £52.5m recorded the previous year.
Following the high-profile inquiry carried out by Clifford Chance litigation partner Simon Davis, the keenly awaited report on the Financial Conduct Authority’s (FCA) behaviour in leaking a business plan to The Telegraph has found failures that ‘fell short of the standards expected of those it regulates’.
It’s been little over a year since the high profile takeover of Manches by Penningtons, and the combined firm now has its sights set on further expansion having today (10 December) announced the opening of an overseas office in San Francisco’s financial district.
The number of High Court cases against law firms for professional negligence has almost tripled in the last year, increasing by 192% from 143 the year before to 418.
