US firm Fried Frank Harris Shriver & Jacobson is facing a €10m-plus professional negligence claim at London’s High Court made by a former client alleging multiple breaches of duty over advice provided on the enforcement of a commercial loan in France.
Continue reading “A €20m loan: Fried Frank faces multi-million pound professional negligence claim”
Mark Heaney, who heads Bird & Bird’s highly regarded electronics sector group, is leaving for US firm Baker Botts at the end of the year.
Norton Rose Fulbright has set a target for its female partnership globally, aiming for 30% representation by 2020.
Continue reading “Diversity: Norton Rose Fulbright sets 30% female partner target for 2020”
US firm Skadden, Arps, Slate, Meagher & Flom has enhanced its respected disputes practice having today (18 November) announced the hire of Dechert’s London arbitration head, Daniel Gal.
The US and EU sanctions in Russia are taking their toll on some of the international firms located in the country with Allen & Overy’s (A&O) Moscow office offering redundancy packages at associate level.
A major blow has been dealt to Bird & Bird as it has emerged that the firm has lost its advisory role on the highly complex Royal Bank of Scotland shareholder dispute, a significant instruction which has subsequently been given to Fladgate.
Following much touted speculation of the potential merger between US firms Morgan, Lewis & Bockius and Bingham McCutchen, Morgan Lewis has decided to cherry pick 227 partners.
Linklaters’ partner Tom O’Neill has swapped Silk Street for Old Broad Street with King & Spalding making a double hire to anchor its capital markets practice in Europe.
Continue reading “Bringing a ‘new dimension’: King & Spalding hires Linklaters securities partner”
Simmons & Simmons’ partnership re-elected Jeremy Hoyland as managing partner after an uncontested election, seeing him begin a second four-year term on 1 May 2015.
Jonathan Ball of Norton Rose Fulbright initially worked as a scientist before becoming a lawyer, and is now an Intellectual Property and Technology disputes partner. Here, Jonathan discusses his career and the nature of his work and offers some helpful tips for students and professionals from other careers who are interested in a career in law.
City law firm RPC has recorded a 16% rise in its first half-year revenue from £38.7m in the same period last year to £46m. The firm said the rise, covering the period May to October, was a ‘direct result’ of its investment strategy and was spread across most of its practice areas and offices.
Continue reading “H1 2014/15: ‘The way we’d planned it’ – RPC half year revenue rises by 16%”
Senior Eversheds partners William Naunton and Clive Jones, who handed in their resignations at the start of this year with plans of launching a City boutique for high-end real estate work, will join King & Wood Mallesons in the New Year.
We’re halfway through November and it’s Friday, so here’s our regular look back at some of the stories that have drawn everyone’s attention over the last five days. For access to subscriber content, click here for full access to Legal Business or contact [email protected].
Also, a friendly reminder that the deadline for submissions for the 2015 Legal Business Awards is this Monday (17 November).
Continue reading “The Friday Edit: Property is hot once more and the dangers of upsetting Susan”
In a 2011 piece on the decimated real estate market in the City, we noted that few senior property partners were in their mid-40s, due to the fact that law firms largely ceased hiring junior real estate lawyers following the early ’90s crash. It looks like history will repeat itself in roughly 15 years’ time: post-credit crunch, the most established real estate practices went into hibernation. Some started to disintegrate. Either way, if you were a trainee interested in real estate around 2010, pickings were slim.
DLA Piper lawyers from London and Madrid have been called in by Vodafone to investigate allegations of tax fraud at Spanish cable operator Ono, which the telecoms giant acquired in July for €7.2bn.
Having been plagued with a series of partner departures from London, Edwards Wildman Palmer has now taken a hit to its Hong Kong offering with the departure of insurance partner Martin Lister, who established the office in 2006, to Simmons & Simmons. Simmons, meanwhile, has also expanded its Africa group with the appointment of Paul Bugingo from Dentons, where he served as co-chairman of the firm’s Africa committee.
The Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms, is currently undergoing a tender process to create its first ever legal panel.
Monday (10 November) saw the EU Council of Ministers formally adopt the European Commission’s Directive on antitrust damages, a move to standardise multiple aspects of competition litigation across the EU and one which City competition lawyers believe will generate an uptick in potential cases.
US firm Latham & Watkins continues its aggressive hiring strategy with the recruitment of a six-partner team from O’Melveny & Myers, including the firm’s entertainment, sports and media group head Joseph Calabrese and high profile London-based partner Libby Savill.
Continue reading “Media attention: Latham & Watkins hires six-partner team from O’Melveny & Myers”
Five banks have been collectively fined £2bn by UK and US regulators for failing to stop traders from trying to manipulate the foreign exchange market, in what constitutes the first settlement in a global investigation and the largest-ever imposed by the FCA.
