The insurance legal market continues to be hard pressed with Hill Dickinson confirming it is set to start a 30-day consultation tomorrow (14 May) which places around 30 jobs at risk.
Continue reading “Redundancy watch: Hill Dickinson starts consultation regarding 30 insurance jobs”
Gateley has revealed the details of its planned initial public offering (IPO) including its board and lock-in provisions as it publishes an intention to carry out an IPO on the London Stock Exchange this morning (12 May) and applies for admission of its ordinary shares to trade on AIM.
Continue reading “‘First mover advantage’: Gateley reveals details of IPO as it launches UK float”
In the latest round of LB100 firm promotions, Kennedys made a 75% female promotions round as three out of four of its new partners were women while both Bond Dickinson and Kingsley Napley bolstered their practices with a trio of new partners.
2014 was a year that saw the number and value of private equity (PE)-backed exits reach unparalleled highs globally. More benevolent economic and market conditions, including an increase in global M&A activity, created renewed confidence in the industry.
Osborne Clarke (OC), after being the fastest growing firm in the LB100 last year with a 26% rise in revenue to €169m, has consolidated that increase and posted another strong result for 2014/15 of €195m, up a further 15%.
EY Law is set to launch a financial regulatory practice in the City with the hire of Baker & McKenzie financial services partner Steven Francis, alongside an 11-strong team of lawyers.
After Australian-listed Slater & Gordon demonstrated the benefits of greater access to capital by using a share offer to part fund its £637m Quindell acquisition, Gateley has confirmed it is set to gain the same advantages by floating on the London Stock Exchange’s AIM listing this year.
Continue reading “Taking the plunge: Gateley set to be UK’s first firm to float”
King & Spalding’s recent recruits in the City have helped handle Californian biotech company Verseon £300m stock market listing in London while Covington & Burling advised from San Francisco.
Continue reading “Listing in London – King & Spalding carries US biotech to AIM listing”
The in-house profession has doubled in size in the UK over the last 15 years and gained once unthinkable levels of influence in delivering legal services to corporate Britain. And what have the profession and its watchdogs done to recognise that seismic shift in the legal industry, with all its far-reaching ethical implications? Pretty much nothing.
Continue reading “Comment: Going native – ethics and the modern GC”
Former education secretary Michael Gove has replaced Chris Grayling (pictured) as Secretary of State for Justice as part of Prime Minister David Cameron’s post-election reshuffle while Gibson, Dunn & Crutcher partner, Lord Falconer, has been named as the Labour Party’s opposition spokesperson for the ministry.
Scottish firm Simpson & Marwick’s well-regarded, 15-strong, family law team, including its current head Shaun George, has quit the firm to join Brodies.
Continue reading “Hiring the team: 15-strong group exits Simpson & Marwick to join Brodies”
Following the failed merger attempt between Scottish firm Simpson & Marwick and Kennedys in 2013, UK top-20 firm Clyde & Co is hoping to seal the deal this time having confirmed it is in advanced merger talks with the Scots outfit.
Continue reading “Can Clydes seal the deal? Firm in advanced merger talks with Simpson & Marwick”
Securitisation has taken a battering in recent years. A complex financing technique, little understood by the public, it was an easy scapegoat as a principal cause of the global financial crisis. For a while after the crisis it seemed as if various supervisory authorities would regulate it to the point of extinction.
It has turned out to be the biggest election upset since 1992 and months of polling have been proved wrong but as the final results from the 2015 UK general election come in, the Conservative Party looks highly likely to win enough support to secure a working majority.
DLA Piper has made its first foray into the consultancy business, launching corporate finance advisory arm Noble Street to focus on media and sports ventures that have been neglected by traditional banks.
Continue reading “A Noble pursuit – DLA Piper launches corp fin boutique to build TMT profile”
Many admire John Kennedy and his advisers’ deft handling of the Cuban missile crisis. It is generally thought to result from some of the best-judged decisions of the era. Yet a year earlier, much the same group of people decided to support the Bay of Pigs invasion (a crackpot scheme for the invasion of Cuba in which the US pitted 1,600 men against 200,000), conversely thought of as one of the most idiotic.
In a unanimous vote, Simmons & Simmons has voted through a new three-year business plan with a focus on strengthening referral relationships in the US, transforming its partner-client relationships and committing to a set of firm-wide values.
On 24 March 2015 Legal Business held the GC Power List 2015 reception, sponsored by RPC, Barclay Simpson and Thomson Reuters at the Grosvenor Hotel, London.
Photos from the event can be viewed here.
Continue reading “Legal Business Awards – GC Power List 2015 Reception”
Osborne Clarke (OC) has promoted five associate directors to its UK partnership, taking its total number of partners past the 200 mark for the first time.
Law firm partners at major City firms are facing the prospect of a substantive hike in tax if the Labour Party forms a government in this month’s general election with current manifesto pledges expected to see many partners at LB100 firms with a five-figure increase in their annual tax bill.
