Hogan Lovells loses Asia restructuring head Neil McDonald in Hong Kong
Top ten global firm Kirkland & Ellis continues to build its Asia offering hiring Hogan Lovells head of restructuring in Asia, partner Neil McDonald, in Hong Kong.
PwC Legal makes City corporate push with McDermott partner hire
PwC Legal has hired McDermott Will & Emery City-based corporate partner Mark Crofskey in a bid to boost its UK legal arm’s M&A team. Expected to join the accountancy giant next month, Crofskey will work in PwC Legal’s M&A practice alongside corporate partner Alistair Hogarth in leading a team.
Revolving doors: White & Case, DLA Piper, A&O and K&L Gates strengthen offices abroad
Last week saw an array of international lateral moves with Global 100 firms White & Case, DLA Piper, Allen & Overy (A&O) and K&L Gates adding to their Frankfurt, New York, Dubai and Brisbane offices respectively.
‘This is the future’ – A&O sees further growth of contract lawyer arm as it hires new head from Deloitte
Following the launch of its innovative contract lawyer business ‘Peerpoint’ last November, Allen & Overy has made a move to develop the high-end service further, today (5 September) announcing the hire of Richard Punt, the managing partner for clients and markets at accountancy giant Deloitte, as Peerpoint’s chief executive officer.
LB100: The Second Quartile – Close Hauled
It’s an unforgiving environment, but 2014 once again shows the well-captained mid-tier outfits sailing free. ‘I’m a great believer that you can always do better and however good a particular year was, you have to exceed that. And we are far from perfect.’ So says Simon Beswick, managing partner at Osborne Clarke (OC), one of …
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Accounts show fee and profits slide at Edwards Wildman in London as partner departures pile up
Having endured a difficult time in recent months with an exodus of partners from its London office, US law firm Edwards Wildman Palmer published its UK limited liability partnership (LLP) accounts in August, which recorded a 10% drop in UK turnover, alongside a 21% drop in profit. The LLP accounts, dated to 31 December 2013, …
LB100: The Second 50 – Ports and Storms
As some seasoned campaigners of the second half of the LB100 prepare to move up a class through mergers, a few City-based specialists continue to defy the tide of consolidation. Of the merger activity that has swept through the Legal Business 100 (LB100) this year, it is the mid-market City players and national heavyweights that …
‘Clifford Chance is brave to be looking at these things’: City giant mulls move towards all-equity
Latest proposed changes by Magic Circle firm after recent overhaul of governance structure Having taken the summer to vote through a substantive overhaul of its governance structure, the autumn agenda of Clifford Chance (CC) will see the partnership consider whether the firm should move to an all-equity model. The Magic Circle firm currently deploys a …
Mishcons set to move to full-equity LLP in 2015
Mishcon de Reya is set to bring all partners into the equity and convert to a limited liability partnership at the end of autumn 2015. The proposed new model will constitute a marked shift from the firm’s current structure, which consists of legal directors, junior (or fixed-share) partners and senior (equity) partners. The transformation will …
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Dechert gains Singapore licence after eight-month wait as PwC completes local tie-up
Dechert and PwC step into Singapore as global players sustain push into key Asian hub This summer saw continued interest by advisers in the Asian legal market, as top-50 US firm Dechert finally received the green light to open an office in Singapore eight months after applying for a Foreign Legal Practice licence. Meanwhile, Big …