PwC boosts energy capability with hire of NRF head of nuclear Fiona Reilly

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PricewaterhouseCoopers (PwC) has boosted its nuclear energy capability with the hire of longstanding Norton Rose Fulbright energy partner and head of nuclear services Fiona Reilly, the third departure from the top 10 LB100 firm’s London office this month. Reilly joined the now 2647-lawyer firm in January 1999, having previously worked in-house as commercial counsel at UK …

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In-house: former Thomson Reuters group GC resurfaces at Rentokil

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The former Europe & Asia general counsel (GC) of global multimedia giant Thomson Reuters, Daragh Fagan, has resurfaced at UK-based support services company Rentokil Initial as group GC. Following the merger of Thomson and Reuters in 2007, an $8.7bn deal that created the world’s largest provider of financial news and information, Fagan was appointed from …

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Merger watch: Hogan Lovells to tie-up with South Africa’s Routledge Modise

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Hogan Lovells is to combine with South African law firm Routledge Modise, with the union set to go live on 1 December. The Johannesburg office will comprise 120 lawyers, including 40 partners, and will focus on corporate, commercial, litigation, mining and employment work, while Routledge Modise is expected to rebrand and relaunch as Hogan Lovells in …

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NRF loses second competition veteran as Mark Jones joins Hogan Lovells

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Hogan Lovells has confirmed its latest lateral hire is Norton Rose Fulbright longstanding antitrust partner Mark Jones, who is to join the antitrust, competition and economic regulation (ACER) practice at the transatlantic firm in the New Year. Jones is experienced in various aspects of competition law including behavioural and market investigations, merger control and compliance and utilities …

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On your merit: RPC abolishes flat rate salary for NQs

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City law firm RPC has taken the final steps to adopting an entirely merit driven pay model as it today (19 November) announced that from September 2014 it will abolish the traditional flat rate salary for newly-qualified solicitors (NQs) in the UK, and subsequently move to a system linked to merit and market rates. In a …

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Investment costs: DAC Beachcroft issues £10m cash call amid positive half-year financials

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DAC Beachcroft has issued a £10m cash call to LLP members and simultaneously increased its rolling credit facility to £40m, as it aims to reach target revenue of £200m by the end of the financial year. The top 30 firm, which merged with Davies Arnold Cooper in 2011, announced today (18 November) that its half-year …

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Dentons’ Howard Morris to join Morrison & Foerster as head of business restructuring

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One of Dentons best-known long term senior managers and a solid restructuring partner, Howard Morris has joined Morrison & Foerster to head its business restructuring & insolvency group in London, nearly three months after the banking lawyer resigned from the firm after 22 years as a partner. Morris (pictured) joined legacy Denton Hall in 1991 and served …

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New SRA figures show record solicitor numbers as profession not so much declines as changes shape

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Contrary to the often bleak picture painted of dwindling numbers entering a legal profession in crisis the number of practising solicitors in England and Wales has hit record levels according to official statistics published yesterday (14 November), as a significant number of law firms and individual practitioners have closed only to be replaced by new openings. Figures published by the …

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Pharmaceutical boon: A&O, Proskauer and Osborne Clarke advise on $1.68bn Novartis hive off

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The buoyant pharmaceuticals market threw up yet another high-profile healthcare deal this week, as Swiss giant Novartis announced the sale of its blood transfusion diagnostics unit to Barcelona-based Grifols for an estimated $1.68bn, with Allen & Overy (A&O), Proskauer Rose, and Osborne Clarke (OC) all securing advisory roles on the transaction. Basel-headquartered Novartis was advised by A&O’s …

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Lloyds Banking Group takes on Morgan Stanley lawyer to head litigation and contentious regulatory

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As Lloyds Banking Group makes a series of senior management hires it has emerged that the global financial institution has brought in Morgan Stanley lawyer Michael Hartridge to replace group litigation and contentious regulatory head Nicola Myatt, who has left the bank. Following LBG’s takeover of UK banking group HBOS in 2008, Myatt was appointed …

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