UK legal tech leader and Slaughter and May ally Luminance has received further backing from existing investors, propelling the start-up to a $100m valuation. The AI company boosted its war chest by $10m following further backing from existing investors Talis Capital, Mike Lynch-backed technology investor Invoke Capital and City bluebloods Slaughters.
Legacy Berwin Leighton Paisner was hit by a 21% drop in profit and 3% dip in revenue in its last full financial year prior to its merger with Bryan Cave, LLP accounts reveal. Last February, Berwin Leighton Paisner (BLP)’s quest for a US tie-up received a shot in the arm when its transatlantic merger with …
Continue reading “LLP accounts show BLP flagging ahead of Bryan Cave merger as profit fell 21%”
The Ministry of Justice (MoJ) has come under fire in parliament after widespread IT disruption wrought chaos on the functioning of the justice system. The meltdown, which saw several IT systems repeatedly crash over the last few days, prompted difficult questions from Labour MP Yasmin Qureshi to under-secretary of state and conservative MP Lucy Frazer …
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Expansive global giant Dentons is positioned for another regional merger, with Norton Rose Fulbright’s (NRF) 26-lawyer strong Venezuelan practice the new addition, as Dentons moves to bolster its offering in the Caribbean and Latin America. The Caracas-based practice is spearheaded by labour partner Juan Carlos Pró-Rísquez, who became managing partner for NRF in Venezuela in 2018. …
Continue reading “Globe-trotting Dentons primed to secure Norton Rose’s Venezuela business”
The January shopping spree is well underway with firms making moves at home and abroad last week, most significantly in City dispute specialists Signature Litigation crossing the channel to open shop in Paris. Kirkland & Ellis, meanwhile, continued its expansion in the City with a tax hire and Mishcon de Reya filled the gap left by Alison …
The chief legal officer of high-profile travel metasearch engine Skyscanner, Carolyn Jameson, is stepping down after nearly six years in the top job, while UK infrastructure group Balfour Beatty has turned to Tesco for a new general counsel (GC) ahead of the upcoming retirement of incumbent David Mercer. National Grid, meanwhile, has hired former Gowling …
CMS Cameron McKenna Nabarro Olswang has extended its chain of northern offices with a Liverpool office opening following a hire from DWF, its first launch since its tripartite merger with Nabarro and Olswang in 2017. The new office – located in Exchange Flags amidst Liverpool’s commercial district – will complement legacy Nabarro’s Manchester and Sheffield …
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Deloitte has made a clear statement of intent in legal services by announcing today (14 January) that it has lured Allen & Overy (A&O) banking partner Michael Castle across to lead its UK legal arm, as the Big Four outfit looks for greater traction in the legal sector. Based in Deloitte’s London office, Castle will …
Continue reading “Accountants keep coming as Deloitte hires A&O banking partner as UK legal head”
Heathrow Airport has completed an overhaul of its legal panel, with Freshfields Bruckhaus Deringer and Allen & Overy among those re-appointed to a reduced roster. Heathrow has slimmed down its legal panel from nine to seven firms and restructured it from 11 sub-panels to a main general approved list. Pinsent Masons, Bryan Cave Leighton Paisner …
Continue reading “Seven firms land spots on Heathrow’s reduced legal roster”
US-based New Law darling Elevate has continued its acquisitive form with the purchase of UK-based flexible lawyer firm Halebury, creating a combined business of over 1,000 members of staff and $70m in annual revenue. The acquisition will see Halebury become part of Elevate, although as an ABS the firm will still operate under its own …
Continue reading “New year brings major New Law consolidation as Elevate acquires Halebury”
