Firms retreat as funds raised through IPOs in the region fall 26%
Davis Polk & Wardwell and Kirkland & Ellis are the latest US firms to lose corporate partners from their Hong Kong offices as public listings in the region decline.
The deal gives the firm a new Amsterdam office that expands its European presence to 26 offices in 18 countries. Boekel adds 70 lawyers to the global firm and 16 partners, with a focus on real estate, corporate and litigation.
The deal gives the firm a new Amsterdam office that expands its European presence to 26 offices in 18 countries. Boekel adds 70 lawyers to the global firm and 16 partners, with a focus on real estate, corporate and litigation.
Approximately 300 support staff roles are to be cut at CMS Cameron McKenna, Olswang and Nabarro ahead of their triple merger next month. The firms ran a redundancy consultation from January to March, with 650 of the 950 support staff offered roles in the combined firm.
Herbert Smith Freehills (HSF), Berwin Leighton Paisner (BLP) and Mayer Brown led as the owners of London’s tallest tower, known as the Cheesegrater, agreed to its sale for £1.1bn. HSF and Mayer Brown advised joint owners British Land and Oxford Properties Group, while BLP assisted buyer CC Land Holdings.
Continue reading “Deal watch: Corporate activity in April 2017”
My dad was a cab driver and my mum a factory worker. She was also a photographer’s assistant and met my dad at a wedding. After that she vowed to never drink again because she met my dad.
I went to a local state school in Wembley. I got into Oxford. There weren’t many people who went to university from that school. It was a very varied background; English wasn’t the first language for probably half of the kids at home. But it was a good school and I had teachers that cared.
Continue reading “Life during law: Ray Berg, Osborne Clarke”
The event was preceded by a reception to mark the launch of our fifth annual GC Powerlist which, under the unifying title The Clients of Tomorrow, looked at both the outstanding rising star in-house counsel and high-growth companies with the prospects of becoming the global giants of tomorrow. At the gathering, which included key representatives from FTSE 100 companies such as Virgin Atlantic, Telefónica and RSA, Legal Business editor-in-chief Alex Novarese said this year’s report was the most challenging yet to research but also probably the most interesting.
Continue reading “Standing tall – The Legal Business Awards 2017”
Linklaters has launched a pair of artificial intelligence (AI) products in the latest innovation push for the Magic Circle firm, including a tool to navigate ring-fencing reforms for core banking clients.
Both Lloyds Banking Group and The Royal Bank of Scotland (RBS) have used the firm’s LinkRFI software, which is used to classify thousands of customer names in a fraction of the time it would take a human to complete. The classifications are needed to help ensure separation between banks’ retail and investment arms, to comply with ring-fencing reforms introduced by the Bank of England.
DLA Piper’s finance partners are being encouraged to participate in cross-office and cross-practice collaboration within a new framework called Project Connect, led by Martin Bartlam, who takes over as the firm’s international finance head on 1 May.
Collaboration, which will be measured through statistics as well as the behaviours of individual partners, will be part of the firm’s existing remuneration structure, not isolated in the sense of a bonus pot. Partners outside the finance and projects practice are not part of the programme.
Continue reading “New DLA finance head to push collaboration pay incentives”
Lawyers involved to face professional complaint
A $210m claim against Burness Paull will go to a full Scottish civil trial after Edinburgh’s Court of Session found last month that legacy firm Paull & Williamsons had acted in breach of conflict of interest rules. While the court found that the firm did not act fraudulently, the case is now likely to move to a full hearing in early 2018.
Continue reading “Burness Paull faces full trial after legacy firm conflict breach”
