SRA to probe City firm connections to Panama Papers
The Solicitors Regulation Authority (SRA) has asked several law firms to clarify whether they are linked to the law firm at the heart of the Panama Papers leak, Mossack Fonseca.
The finance view: Scaling up – GCs and finance partners get ready for the grind of ring-fencing reforms
Victoria Young assesses the approach to implementation of ring-fencing rules Though the deadline for full implementation is over two years off, the looming threat of so-called ring-fencing reforms is already having a major impact on UK banking groups and their legal teams.
‘This is a gritty place’: Macfarlanes’ leaders on the hustle it takes to look effortless
Victoria Young talks to the singular City player about success and bucking the market ‘Strong culture’, ‘high quality’ and ‘entrepreneurial’ are phrases repeatedly associated with Macfarlanes among peers and former staff. And its recently re-elected executive has no desire to debunk the image of a hard-nosed, competitive shop.
Dewey latest: Partners off the hook for lease payments
In a ruling relieving hundreds of ex-Dewey partners of millions of dollars in liability, a New York state judge has ruled against a former landlord of Dewey & LeBoeuf, which took action over unpaid rent.
Partner promotions: Addleshaws makes up 15 including two in Dubai in reduced round
Addleshaw Goddard has promoted 15 to partner this year, three fewer than last year when it more than doubled its promotions with 18 making the ranks.
Pinsents partner grilled over appointment to human rights body
Two parliamentary committees have written to express outrage as a Pinsent Masons partner has been nominated to chair Britain’s leading equality and human rights body.
Adviser review: Pinsent Masons added to Land Securities panel
National firm Pinsent Masons has won a place on FTSE 100 firm Land Securities’ legal panel, while Freshfields Bruckhaus Deringer has come off the roster following a review.
Data deal: Davis Polk advises Markit on US merger
Longstanding adviser Davis Polk & Wardwell has acted for Markit again as the London-based data provider signed a deal with US firm IHS for a $13bn merger.
Revolving doors: Holman Fenwick takes Singapore aviation team from BLP as MoFo, Ince and Ashurst make key hires
As Holman Fenwick Willan (HFW) makes a key team hire in Singapore, Morrison & Foerster, Ince & Co and Ashurst have all added to their benches around the globe.
Freshfields the latest to post reduced retention rate with 82% of trainees kept on
Freshfields Bruckhaus Deringer, the last Magic Circle firm to post its trainee retention rate this spring, posted a reduced figure, keeping on 82% of trainees this spring. The firm offered 33 of 38, or 87% of its trainees places.