Transatlantic firm Hogan Lovells has today (27 February) unveiled its highest post-merger global financial results, posting a fee-income increase of 5.2% while profit per equity partner (PEP) and revenue per lawyer (RPL) increased by 10% and 3.7% respectively. Fee-income increased to $1.72bn, while PEP rose to $1.21m and RPL was up to $742,613. Across the regions, …
The highly complex Royal Bank of Scotland 2008 rights issue litigation has seen Bird & Bird’s dispute resolution head Steven Baker criticised at the High Court over a £500m fluctuation in the value of the claim. In his fifth witness statement to the court in November Baker, who represents John Greenwood and the RBoS Shareholders Action …
Transatlantic giant Hogan Lovells has made its first lateral hire in South Africa since merging last December with Routledge Modise, taking on finance partner Anina Boshoff from leading local firm Edward Nathan Sonnenbergs (ENS) to head up its banking and finance department in Johannesburg. Boshoff (pictured), who returned to South Africa early in 2010 after working …
The first year bedding down Lord Justice Jackson’s extensive civil litigation reforms was always going to be challenging, but as the Civil Justice Council (CJC) this month announces a one-year-in soundings process, senior City litigators are expected to call for a radical overhaul of the largely unpopular damages-based agreements (DBA) provisions ushered in by the …
The impact of HM Revenue & Customs’ decision to overhaul the way salaried partners are taxed is being felt across the City as a number of leading firms confirm they are reviewing their arrangements, although some of the largest Legal Business 100 firms have come out to categorically deny the changes will have any effect …
Continue reading “LB100 firms review partnership model as HMRC’s LLP changes loom”
In mid-February, Latham & Watkins confirmed its third London private equity partner hire from Clifford Chance (CC), with Kem Ihenacho set to follow on the heels of global head of private equity David Walker and newly-made up partner Tom Evans. Ihenacho was co-head of the Magic Circle giant’s Africa practice, but here London head of …
Continue reading “CC’s Tinkler addresses recent private equity departures”
Advisers benefit as investors target industrial assets The shift towards global industrial real estate portfolios as an asset class last month saw Clifford Chance (CC) advise newly-formed SEGRO European Logistics Partnership (SELP) on its €472m acquisition of a portfolio of prime development land in Germany, Poland and France from funds managed by Tristan Capital Partners. …
Continue reading “Deals: CC, Taylor Wessing and Ashurst act on infra and real estate deals”
Speechly Bircham is trying its hand once more at finding a merger partner as the firm last month announced it is currently in talks with fellow Legal Business 100 firm Charles Russell, a deal that would place the combined firm in the top 30 of the LB100. A joint statement released by both firms on …
Continue reading “Mergerwatch: Speechly Bircham in talks with Charles Russell”
UBS and HSBC see key in-house moves The start of 2014 has seen almost as much in the way of global lateral movement and internal promotions in-house as out. Last month, MasterCard named Tim Murphy as its general counsel (GC) and chief franchise officer; Gibson, Dunn & Crutcher appointed UBS’s former global head of investigations …
Continue reading “MasterCard appoints Murphy as GC as Hanft steps down”
Bird & Bird has joined a host of international law firms looking to enhance their global footprint with a cooperation agreement in Asia’s fourth largest economy, tying up with South Korean firm Hwang Mok Park (HMP). Announced today (25 February), the top 20 firm said the aim is to focus on helping clients in industry sectors …
