Freshfields Bruckhaus Deringer has scored a significant coup in hiring respected Shearman & Sterling partner and head of global project development and finance Tim Pick to boost its energy and natural resources capability. Pick, described as ‘outstanding in all respects’ in the latest edition of The Legal 500, will join as a finance partner in …
Continue reading “Freshfields makes high-profile lateral hire with Shearman’s Pick”
CMS Cameron McKenna will reform its partnership remuneration model on 1 May, enabling salaried partners to become equity partners quicker but increasing management scrutiny on performance. After 18 months of deliberation, the firm voted in favour of discontinuing its salaried partner level recently, achieving the required 80% majority needed to push the reforms through.
Freshfields Bruckhaus Deringer has recruited former acting head of the criminal division at the Department of Justice (DoJ) to bolster its US white-collar practice. Matthew Friedrich joins from US litigation firm Boies, Schiller & Flexner, where he had a partner since 2009. Prior to this, he spent 13 years at the DoJ in various leadership …
Continue reading “Trophy US hire for Freshfields as it lures former head of DoJ’s crime division”
Taylor Wessing (TW) has secured a prominent lateral hire to its intellectual property team, recruiting the head of Harbottle & Lewis’ IP Group Mark Owen. The arrival of Owen will add further strength to TW’s leading soft IP practice. The former Clifford Chance lawyer has advised significant media and entertainment clients on copyright, designs, trade …
Continue reading “Taylor Wessing snares Harbottles IP head Owen”
It’s a sobering sign of what we’ve been reduced to when we’re praising firms for doing the obvious. This time it’s the pioneering technique of holding a little cash back to cover investment, working capital and future partner drawings, rather than doling it all out to equity partners almost as soon as it comes through …
Continue reading “Capital ideas – the law firm model is as stable as you make it”
Pinsent Masons is to cut 13 fee-earners from its employment practice in a third round of redundancies since the firm’s merger with McGrigors last May. The firm was keen to emphasise that this latest round of cuts was unrelated to the 62 support roles lost last year but instead come as a result of department …
Continue reading “Redundancies: Pinsent Masons to lose 13 fee-earners in employment reshuffle”
South East stalwart Thomas Eggar is to absorb City boutique Pritchard Englefield as the run of consolidation within the UK top 100 continues. The merger, which will go live on 1 May and roughly doubles the size of Thomas Eggar’s City arm, will see the 58-partner firm increase its revenue from £36m to £42m. The …
Dundas & Wilson has lost private equity partners Simon Sale and Nadim Meer to Mishcon de Reya, the latest in a series of partner exits from the Scottish firm. Sale and Meer will move to 300-lawyer Mishcon, along with senior associate Allison Keyse, once the terms of their exits have been agreed. They will join …
Continue reading “Dundas & Wilson woes continue as it loses private equity duo to Mishcons”
TMT specialist Olswang has re-elected long-time head David Stewart as chief executive for another three years. Before being elected chief executive, Stewart was the firm’s managing partner since 2007. He has been a driving force behind the corporate media specialist’s attempt to refashion itself as a credible international player. As important, Stewart was charged with …
Continue reading “Stewart steps out of Goldstein shadow as Olswang hands popular head another term”
A few years ago – during what in retrospect turned out to be a boom – you knew where you stood with City law. The market kept growing and, while the man in the street associated lawyers with courts and disputes, those in the industry knew success came from the other side of the equation. …
Continue reading “Disputes revival has huge implications for City law”
