RBS litigation: Bird & Bird’s head of dispute resolution criticised for £500m fluctuation in value of claim
The highly complex Royal Bank of Scotland 2008 rights issue litigation has seen Bird & Bird’s dispute resolution head Steven Baker…
Financial services
Investment funds: Schulte Roth to grow London practice with move to bigger City premises
Schulte Roth & Zabel’s (SRZ’s) 80-strong top-tier transatlantic funds practice is set to grow after the US firm announced this week…
Financial squeeze – Morgan Stanley declares a hit to net income due to $1.2bn in legal costs
Morgan Stanley is the latest major financial institution to declare that it has been hard hit by litigation and the…
Punch above weight – the finance teams aiming to take on the City’s heavyweights
As confidence begins to re-emerge at City finance teams, Legal Business profiles the mid-market players intent on challenging the Square…
Shearman settles controlling stake in Co-operative Bank for US hedge funds
Behind the scenes of the first-ever creditor bail-in of a bank in the UK. Last month The Co-operative Group’s £1.5bn…
Guest post: Independence matters – banking and big law in the news
Lawyers and banks are in the news again. Lawrence Tomlinson, Entrepreneur in Residence at the Department for Business, Innovation and…
High yield, high stakes – DLA Piper makes key investment in deal finance with hire of ex-CC partner
It’s historically proved one of the hardest practice areas for City firms to break, proving often impenetrable for even elite…
UPDATED: BLP launches independent review of finance practice after team head departs
Berwin Leighton Paisner‘s (BLP’s) head of banking and finance Matthew Kellett is to leave the firm, it was confirmed today…
Deutsche Bank profits dive amid €1.2bn legal provision as pressure builds on finance leaders
If anyone still doubts the mounting legal burdens now falling on the world’s largest finance houses Deutsche Bank has this…
Increased scrutiny of finances by insurers as 185 firms fail to get PII by first cut off
Insurers are joining banks in upping their scrutiny of law firm finances in light of recent insolvencies as 185 law firms…
Record breaking $49bn Verizon bond issue sees Debevoise and Davis Polk secure lead roles
Debevoise & Plimpton and Davis Polk & Wardwell have landed roles on Verizon Communication’s record breaking $49bn US bond issue. The deal…
Don’t blame your shareholders for tax avoidance decisions, Farrer & Co report warns FTSE 100 bosses
Company directors facing scrutiny over their low corporate tax bill are not able to effectively blame their decisions on their…
Compliance drive – BLP’s financial services partner joins Barclays investment arm as EMEA head
As leading retail and investment banks bolster their internal compliance functions it has emerged that Berwin Leighton Paisner’s (BLP) financial services…
Finance: Slaughters, Cravath and De Brauw secure Shell DCM work as Irwin Mitchell wins Wells Fargo as new client
European corporates are showing greater reluctance than last year to tap into the debt capital markets but Royal Dutch Shell…
Deal watch: Student Loans Company invites law firm tenders for £40bn debt portfolio sale
The Government’s plan to take the Student Loans Company debt off its balance sheet has moved up a gear as…
Resurgence in debt and equity capital markets sees Allen & Overy claim top spot for issuer and manager roles
Allen & Overy (A&O) has topped Thomson Reuters’ table of legal advisers on global debt and equity capital markets work for…
Smoke, mirrors and grease – government signals review of controversial Bribery Act
It was the most controversial piece of legislation aimed at corporates to emerge in the last decade and, in a…
FSA slaps Pru with £30m fine before its split
The Financial Services Authority (FSA) handed out its last penalty before being split up after fining companies in the Prudential…
Generation game
International wealth preservation and succession planning is now a core component of most successful private client practices. Legal Business assesses…
Insolvency teams line up on high-profile failures
With HMV, Jessops and Blockbuster all entering into administration in the first few weeks of 2013, leading City firms have…