Social media giant Facebook has recruited Jennifer Newstead (pictured), a legal adviser to the US State Department, as its new general counsel (GC) after incumbent GC Colin Stretch announced his intention to leave last July. Newstead was appointed a legal adviser to the State Department by President Donald Trump, with her new role likely to …
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With recent financial results displaying the added bite of US firms in the City, it appears their approach to the lateral recruitment market will continue to be just as aggressive. Paul Hastings continued to signal its M&A ambitions with the hire of Steven Bryan from Hogan Lovells, while Latham & Watkins proved again it is …
Thomas Alan finds reality setting in for creditors and former partners more than two years on ‘My immediate thought was: “Can’t we just move on?” I can’t be bothered with it,’ says one former King & Wood Mallesons (KWM) Europe and Middle East partner when asked for their thoughts on the firm’s latest administration report. …
Axiom making good on long-trailed plans to float will be a milestone for New Law. Thomas Alan assesses if the trailblazer can live up to its own rhetoric When Axiom announced in February its intentions to float, it was a seminal moment for New Law, with the pioneering flexible lawyering company established as the most …
Freshfields Bruckhaus Deringer successfully advised US manufacturing company Berry Global as it completed a late bid for UK-headquartered RPC Group, after private equity house Apollo Global Management cornered itself with a best and final offer. The £3.43bn Berry bid only slightly surpassed the previous £3.3bn bid from Apollo, but was approved in early March by …
Last year’s risk management and professional indemnity report with broker Marsh told a story of progress; firms felt risk culture had significantly improved in the ten years since Lehman Brothers’ collapse. However, risk remains a moving target and there is a feeling recent unpleasant episodes at a number of City law firms means much-touted improvements …
Freshfields Bruckhaus Deringer has promoted 22 lawyers to partner, including eight in London, amid a stronger promotion round for the Magic Circle firm. This is a significant increase on last year when the firm made up just 12 lawyers globally and a mere five in the City. It is also an increase on 2017 when …
Less than a year after it acquired Riverview Law, EY has maintained its acquisitive form by agreeing to buy the managed legal services business of Thomson Reuters. The acquisition of the business, named Pangea3, will see EY bolster its corporate legal department by more than 1,000 legal professionals across eight service delivery lines. Pangea3 aims …
Akin Gump Strauss Hauer & Feld led the way in the City lateral market last week after hiring two funds partners from O’Melveny & Myers’ City arm, while Kirkland & Ellis and Sidley Austin also made senior hires. Daniel Quinn and Aleksander Bakic start their new roles at Akin Gump today (1 April), after the …
Pinsent Masons, Bird & Bird, Network Rail and Bryan Cave Leighton Paisner (BCLP) were among the major winners at the 2019 Legal Business Awards in front of more than 1,000 guests last night (28 March). Hosted by comedian, writer and actress Meera Syal, the evening saw Pinsent Masons crowned Law Firm of the Year for …
