Nathalie Tidman and Thomas Alan assess the impact of the pandemic on the profession as the world battens down for a health crisis ‘Things that are happening today you wouldn’t have believed a week ago,’ reflects David Patient, Travers Smith’s managing partner. Indeed. The outbreak and rapid spread of the coronavirus has in a matter …
As cases of the coronavirus accelerate, law firms including Mayer Brown, Eversheds Sutherland, Allen & Overy (A&O), Mishcon de Reya, Hogan Lovells and Fieldfisher have established COVID-19 working groups to help clients. The moves come after swathes of firms ordered employees to work from home in the City and around the world in an attempt …
Courts in England and Wales have made changes to their practices as the Lord Chief Justice joins those dismissing claims the courts can operate as normal as the spread of coronavirus widens. The justice minister Chris Philip said this week courts would be ‘operating as normal’ despite guidance from the Prime Minister Boris Johnson warning …
Bryan Cave Leighton Paisner (BCLP) endured a challenging debut year as a fully-merged entity, as the cost of integration weighed on growth. Turnover was down 2% to $874.1m from the $899.4m the firm posted for 2018, the year legacy Berwin Leighton Paisner and Bryan Cave finalised their transatlantic union. Net income was also down almost 4% …
Continue reading “‘Inevitable distractions’ hit BCLP revenue and profit in lean post-merger debut”
City blueblood Slaughter and May has promoted seven partners in the City and one in Hong Kong following an increased promotion round, with corporate receiving the lion’s share. The promotion round sees London land four additional corporate partners, with one apiece going to the firm’s infrastructure and natural resources, investigations and financing practices respectively. In Hong …
Continue reading “Slaughters makes up seven in the City with bulked-up promotion round”
Greenberg Traurig has continued its London recruitment push, this time hiring from Baker McKenzie to strengthen its City restructuring practice as firms look to hedge against increasing economic uncertainty. Bakers’ co-head of global restructuring and insolvency Ian Jack has left the firm for Greenberg after more than two decades, bringing with him extensive experience in restructuring …
Paul Hastings recorded another year of double-digit growth in its City office to surpass $100m, amid a more muted performance globally. The firm grew turnover 16% in London to $107.2m, an improvement on last year’s 14% rise. Globally, revenue hit $1.26bn following a steadier 4% uptick, compared to a 9% rise over 2018. Profit per equity …
Amid growing economic uncertainty, Treasury today (11 March) announced a budget looking to reassure businesses as coronavirus fears continue to rise and law firm partners brace for a slowdown. The budget comes as early optimism for 2020 has turned to anxiety among major law firms, with clients become increasingly impacted by the global outbreak of …
Quinn Emanuel Urquhart & Sullivan has temporarily closed its New York office after a partner tested positive for COVID-19, the disease caused by coronavirus. The partner has been absent from the office since early March due to the virus, with the firm instructing staff to work remotely from March 9 to March 13 as a …
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Knights has made its largest splash to date, taking £28.6m out of its war chest to acquire two more regional firms, while also launching a £20m share placement towards funding the deals. The listed firm has agreed to acquire Leeds-based outfit Shulmans for approximately £20.1m and south east firm ASB Law in a deal worth …
Continue reading “Knights puts hand in pocket again for £28.6m double acquisition”
