After downsizing Germany Orrick bucks trend with Geneva launch as US firm bolsters arbitration credentials

Having recently shut two out of four of its German offices as it refocuses its European strategy, Orrick, Herrington & Sutcliffe is opening a new base in Geneva to build its arbitration presence on the continent with the hire of Vanessa Liborio from Akin Gump Strauss Hauer & Feld.

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Defendants shift advisers in favour of Quinn Emanuel in Arcadia $335m oil trading case

Quinn Emanuel Urquhart & Sullivan’s Ted Greeno has been brought in to defend ex-Arcadia Petroleum chief executive Peter Bosworth and former chief financial officer Colin Hurley against a $335m fraud suit at the High Court from their past employer after Allen & Overy (A&O) was dropped from the case.

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Having lost two Magic Circle clients, University of Law sold to GUS less than three years after purchase

Europe’s largest law school The University of Law (ULaw) has been sold by Montagu Private Equity to Global University Systems (GUS), less than three years after the private equity house acquired it and after losing two Magic Circle clients to rival BPP last year.

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Garrigues in Latin America: a step ahead – Javier Ybañez discusses the firm’s international position.

We would like to think that staying one step ahead is one of Garrigues’ hallmarks – one of our obsessions. Garrigues was the first Spanish law firm to become an institutional organisation and leave behind the traditional model of an inherited family business to become a firm owned purely on merit, and this some decades before our competitors chose the same route.

Being the first to take such a difficult step is probably what instilled our enduring pioneering spirit. Many years ago we were the first major Spanish law firm to open an office in New York and, more recently, the first to publish a corporate social responsibility report. To some extent, this background has undoubtedly driven us to be the first major Spanish law firm to open its own offices in the principal Latin American cities.

Continue reading “Garrigues in Latin America: a step ahead – Javier Ybañez discusses the firm’s international position.”

Team moves – Alec Harvey and Richard Nicolle discuss the risks

Team moves in London’s legal market are on the rise, particularly among US law firms establishing new offices or practice groups.

The potential benefits of a team move are not limited to critical mass – the new employer may gain a significant competitive headstart by acquiring a ready-made team, client relationships and increased market credibility.

Even where single partners are targeted, they are frequently asked whether they require support from existing team members and acquiring junior lawyers, who often service the daily needs of clients, can enhance the ability to leverage client relationships. Continue reading “Team moves – Alec Harvey and Richard Nicolle discuss the risks”

‘A Chinese firm for Chinese clients’: Michelmores supports first UK launch by Chinese-owned law firm

YangTze Law has become the first wholly Chinese-owned law firm to launch in London, targeting Chinese corporates investing in Europe as China’s outbound direct investment overtook investment into the country for the first time earlier this year.

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City moves: Kirkland sees another exit as Proskauer hires Howe while Hogan Lovells builds its high yield offering with Dentons hire

Proskauer Rose has continued to build its London corporate offering, bringing in M&A partner James Howe from Kirkland & Ellis, while Hogan Lovells has strengthened its debt capital markets (DCM) team in the City with the hire of high-yield partner Sylvain Dhennin from Dentons.

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‘Not job done but it is the first step’: Addleshaws’ turnaround emerges as revenues grow 12% to £193m

After having elected managing partner John Joyce (pictured) to help turnaround what had been a string of lethargic results following the financial crisis, Addleshaw Goddard has posted double digit revenue growth of 12%, up from £171m in 2013/14 to £193m for the financial year 2014/15, while profits per equity partner (PEP) are expected to return to 2012/13 levels.

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Flying solo

Ten months ago Tim Slotover became the master of his own destiny, creating his own legal services business in the Hedge Fund space. flexGC promises bespoke in-house general counsel services to asset, hedge fund and investment managers on a flexible, as-needed basis. Sound familiar? Continue reading “Flying solo”