Usual suspects Travers Smith, Debevoise & Plimpton, and Freshfields Bruckhaus Deringer have been gifted with advisory roles on the latest heavyweight deal as Canada Pension Plan Investment (CPPIB) has agreed to buy Ascot Underwriting Holdings, the Lloyds of London insurer linked to American International Group (AIG), as part of a $1.1bn agreement.
Recently-appointed Lord Chancellor Liz Truss is facing mounting backlash from the profession after unveiling proposals to extend the recoverable costs regime to ‘as many civil cases as possible’, and the roll-out of an online court system to ensure justice for all.
Often considered a risky move for a law firm, Herbert Smith Freehills (HSF) has successfully sued longstanding client San Leon Energy at London’s High Court for payment of nearly £500,000 in unpaid fees.
Disputes leader Quinn Emanuel Urquhart & Sullivan is in talks to hire a team from Shearman & Sterling’s Brussels arm, including office head Stephen Mavroghenis and competition partner Trevor Soames.
Top 25 Global law firm Cleary Gottlieb Steen & Hamilton has bolstered its ranks in Frankfurt with the hire of corporate partner Michael Ulmer from Allen & Overy (A&O), the second German partner to quit the City firm this week. Ulmer had joined A&O as a partner in 2006 from elite German independent Hengeler Mueller. …
Continue reading “Cleary taps A&O for Frankfurt M&A hire as US law firms sustain Euro push”
It is a well-established point in the legal industry that while much attention is paid to profits per equity partner (PEP), that metric is often substantially different to what most partners are paid.
He has been one of the longest-serving and most outspoken law firm leaders in the conservative US legal market but Peter Kalis, the veteran head of K&L Gates, has confirmed that he is to finally step down after two decades running the US law firm.
The drawn-out legal battle between property billionaires, Vincent and Robert Tchenguiz, and those they hold responsible for the Serious Fraud Office (SFO)’s botched investigation into their business dealings has proved a costly affair. It has emerged they have already paid out a collective £5.1m legal bill to date in their £3bn litigation against Grant Thornton …
Continue reading “Tchenguiz brothers’ legal bill hits £5.1m in court battle against Grant Thornton”
Leading commercial set Brick Court Chambers has made another key junior hire with 20 Essex Street rising star Edward Ho. Ho appeared as sole counsel in the Court of Appeal, High Court and in arbitration.
As brewing giant SABMiller’s global general counsel (GC) John Davidson prepares to stand down in 2017, up to 35 staff in the UK-based legal team are to be made redundant.
