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Financial Regulatory and Disputes Summit: Stranger than fiction

Even amid a stellar agenda at Legal Business’ Financial Regulatory and Disputes Summit 2023 last November, CMS’ session – Shams and charades: Lessons learned from abusive litigation against banks – made shockwaves around the auditorium of the Queen Elizabeth II Centre in London’s Westminster. Indeed, it’s not often that a panel discussion elicits gasps of …

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‘Firing on all cylinders’: Akin sees double-digit growth in revenue and PEP

In keeping with Hogan Lovells’ recently released financial results, Akin has reported strong financials for 2023, contradicting fears of diminished returns for the global elite. Revenue at the firm is up 11% to $1.37bn from $1.23bn, while profit per equity partner (PEP) has jumped 22% to $3.15m from $2.58m. This follows a sluggish 2022 for …

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‘Bolder, pragmatic, more proactive’: Regulators bare teeth, but will they bite?

2024 started with uncharacteristically decisive action from the Solicitors Disciplinary Tribunal (SDT), when in January it issued its joint highest-ever fine against Clyde & Co, following a slew of anti-money laundering breaches. It was a bold move from the regulator, which in recent months has drawn criticism over its perceived lack of action during the …

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Revolving Doors: Fried Frank expands London team with Goodwin trio as Orrick faces global losses

Leading the high-profile moves this week, Fried Frank has strengthened its London private equity practice with a triple hire from Goodwin. Christian Iwasko , Michelle Tong, and Priya Rupal have departed from Goodwin after a three-year stint, and bring with them experience at Sidley and Kirkland & Ellis. Elsewhere in the City, Clifford Chance has bolstered …

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Paul Hastings scores double win from Latham after recent London losses

Paul Hastings has hired litigation and trial partners Oliver Browne and Stuart Alford KC from Latham & Watkins, just days after it lost structured finance partner Blake Jones to Clifford Chance. Paul Hastings confirmed the moves today (16 February). Browne leaves Latham after 18 years, having most recently served as the London co-chair of the …

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Simpson Thacher unveils new London head as office posts double-digit revenue growth

Simpson Thacher has announced that Wheatly MacNamara will take over from Jason Glover as London managing partner in October. Glover, who has led the office since 2016, will remain at the firm in a strategic role. The news comes as the City office recorded a 23% rise in revenue for 2023. MacNamara (pictured), whose practice …

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‘It’s a differentiating year’: Hogan Lovells sees double-digit growth in revenue and PEP

As financial reporting season kicks off in earnest, Hogan Lovells has today (13 February) reported a 10% boost in global revenue to $2.68bn as profit per equity partner (PEP) jumped 20% to $2.74m. This performance represents a $250m increase in the firm’s top line, contrasting with a $174m decline last year. After a 7% drop …

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No shoo-ins at the Legal Business Awards, and beware the perils of TL;DR

Awards season. It should be viewed as a time of joy and anticipation, when law firms clamour to showcase their finest achievements of the last year, whether that’s an especially standout deal or matter, or an extraordinary individual moving the dial for the profession. Amusingly, one of my colleagues forwarded this message onto me in …

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Revolving doors: Moves in disputes and antitrust as Paul Weiss continues sweep of London recruits

Simpson Thacher begins this week’s lateral hire round-up with its recruitment of Legal 500 international arbitration leading individual David Edwards from Skadden. Edwards will co-lead the firm’s European disputes practice alongside Tyler Robinson. The hire brings the London office to a total of five dispute partners: Edwards, Robinson, and antitrust specialists Antonio Bavasso, Ross Ferguson, …

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