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FSA scrutiny increases financial service practitioners’ workload

Financial regulation partners are now in even higher demand as financial institution clients panic after the Financial Services Authority (FSA) recently fined former J.P. Morgan Cazenove banker Ian Hannam £450,000 for market abuse. The financial watchdog issued the fine against Hannam after he allegedly shared financial information ahead of a deal, violating the so-called ‘wall-crossing’ …

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Mixed fortunes for mid-market in tough Scots climate

TLT’s recent takeover of niche Scottish firm Anderson Fyfe is the latest chapter in a flurry of movement among mid-market firms in Scotland trying to secure their futures amid pernicious market conditions. The Bristol-based firm is set to acquire Anderson Fyfe’s Glasgow and Edinburgh operations from July, while simultaneously launching a Northern Ireland practice through …

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Australia tempts yet another major international player

Linklaters has joined the ranks of its Magic Circle peers by moving into the Australian market via an alliance with Allens Arthur Robinson (AAR). The alliance, which went through on 1 May, was planned over a year ago, according to a source close to the firm. AAR, which had operated an exclusive relationship with Slaughter …

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Rival firms benefit from imminent Dewey collapse in City

With troubled US firm Dewey & LeBoeuf on the brink of collapse, a number of firms have already stepped in to boost their City offerings by providing homes to small groups of partners. Twenty-four of the firm’s 33 London partners had plans to leave the firm at press time. Morgan, Lewis & Bockius has emerged …

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Quinn Emanuel snags A&O London arbitration duo

Quinn Emanuel Urquhart & Sullivan has ruffled Allen & Overy (A&O)’s feathers in London after the US litigation specialist hired the Magic Circle firm’s global arbitration chairman Stephen Jagusch and fellow partner Anthony Sinclair in May. The firms are understood to be locking horns over the departure terms, with a deal yet to be struck. …

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