MasterCard, which is facing a £14bn lawsuit in the first major US-style class action in the English courts, has replaced its longstanding legal team at Jones Day with Freshfields Bruckhaus Deringer as it looks to add firepower to its defence.
Guest post: Tax avoidance penalties – a few notes of caution
Last week the government published a consultation document which took two big steps to tackle two different, but related, problems. The first addresses misbehaviour by taxpayers who tend to hear what they want to hear and disregard the rest. Continue reading “Guest post: Tax avoidance penalties – a few notes of caution”
‘A short term issue’: Irwin Mitchell profits dip as firm beds in takeover
Irwin Mitchell has posted a disappointing profit result after last year’s merger with Thomas Eggar, with profit down by more than 25%.
Continue reading “‘A short term issue’: Irwin Mitchell profits dip as firm beds in takeover”
Slater and Gordon narrows loss to A$1bn after UK performance improves
Beleaguered Slater and Gordon has announced it expects to post an A$1.01bn net loss for the 12 months to 30 June 2016, with total revenue expected to come in at A$908.2m.
Continue reading “Slater and Gordon narrows loss to A$1bn after UK performance improves”
Freshfields and Foley Hoag face off as Venezuela ordered to pay Canadian miner more than $1.2bn
Freshfields Bruckhaus Deringer and Foley Hoag have advised as an international tribunal has ordered Venezuela to pay more than $1.2bn to Vancouver’s Rusoro Mining following its ruling that Venezuela unlawfully expropriated the company’s goldmines.
In-house: Dialight appoints first GC following management shake-up
UK-based electronics business Dialight has appointed its first general counsel (GC), bringing in Chris Fussell from business process and technology services provider Xchanging.
Continue reading “In-house: Dialight appoints first GC following management shake-up”
Dentons takes fifth Irwin Mitchell partner in boost for banking practice
Dentons has strengthened its London banking and finance practice with the hire of Irwin Mitchell partner Simon Tweedle, its fifth hire from the firm in the past fortnight.
Continue reading “Dentons takes fifth Irwin Mitchell partner in boost for banking practice”
Proskauer makes major LevFin play with Reed Smith partner Ben Davis
US firm Proskauer Rose has hired leveraged finance partner Ben Davis from Reed Smith as it ramps up growth of its finance team in the City.
Continue reading “Proskauer makes major LevFin play with Reed Smith partner Ben Davis”
Clifford Chance reworks Saudi arrangements with new association
Following talk of contention with local authorities over the legality of its Saudi Arabia office, Clifford Chance (CC) has reworked its operations in the region, and entered into an association with newly-established Abuhimed Alsheikh Alhagbani Law Firm (AS&H).
Continue reading “Clifford Chance reworks Saudi arrangements with new association”
Revolving Doors: Dechert makes double DLA hire as BLP, Bird & Bird and Mayer Brown add to international offices
In a big week for international hires Holman Fenwick Willan (HFW), Berwin Leighton Paisner, Bird & Bird and Mayer Brown all added to their benches.
A comeback year for Baker & McKenzie as firm posts 8% turnover growth
In results that see the firm leapfrog DLA Piper, to make it the second largest law firm in the world by turnover, Baker & McKenzie has bounced back from falling revenues in 2014/15 to post an 8% increase in revenue to $2.62bn for 2015/16.
Continue reading “A comeback year for Baker & McKenzie as firm posts 8% turnover growth”
Big Apple takes a bite out of partner profits as Allen & Overy breaks lockstep for US hires
Allen & Overy (A&O) has broken its lockstep for its new Manhattan hires as the firm made a major finance play to compete with the US elite earlier this month. Continue reading “Big Apple takes a bite out of partner profits as Allen & Overy breaks lockstep for US hires”
In-house: African Development Bank appoints new GC in senior management shuffle
The African Development Bank has appointed Hélène N’Garnim-Ganga as its general counsel as she joins the bank’s senior management team.
Continue reading “In-house: African Development Bank appoints new GC in senior management shuffle”
Five partners exit Irwin Mitchell as real estate team leaves for Dentons and Howard Kennedy
Irwin Mitchell has lost five partners from its London real estate practice, with a four-partner team defecting to Dentons and one joining Howard Kennedy. Continue reading “Five partners exit Irwin Mitchell as real estate team leaves for Dentons and Howard Kennedy”
‘There has been a hardening of the market’: Bond Dickinson turnover and PEP drops 3%
Following the trend of an altogether tougher year for the UK mid-market, national player Bond Dickinson has seen both its turnover and profit per equity partner (PEP) dip by 3% for the financial year 2015/16.
Ashurst halts profit distributions amid turbulent financial period
Ashurst has halted its upcoming quarterly profit distribution to partners (PEP) following disappointing financial results which saw profits per equity partner drop by 19%. The payment was scheduled for this month (August).
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On the ball: Simmons scores largest broadcast deal in Japanese sports history
In $2bn deal, Simmons & Simmons has netted a lead role advising UK company Perform Group for the rights to broadcast the top tiers of Japanese football.
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Casino investors move chips from White & Case to Quinn as they sue Mexico for $100m
A group of US investors have instructed disputes powerhouse Quinn Emanuel Urquhart & Sullivan to bring a $100m arbitration claim against Mexico after the government seized and closed all their casinos in 2014. Continue reading “Casino investors move chips from White & Case to Quinn as they sue Mexico for $100m”
HSF appoints Freshfields’ co-head of power and utilities as it ramps up German push
Herbert Smith Freehills (HSF) has landed M&A partner Christoph Nawroth from Freshfields Bruckhaus Deringer in Dusseldorf.
Hogan Lovells in the driver’s seat for Uber as TfL challenged
Hogan Lovells is acting for Uber in its legal challenge to new car hire rules issued by Transport for London (TfL).
Continue reading “Hogan Lovells in the driver’s seat for Uber as TfL challenged”