Osborne Clarke (OC) has posted double-digit growth in global revenues, up 12% from €219.6m to €245.1m, while UK revenue rose 7% from £112.9m to £121m, accounting for 58% of the firm’s total turnover.
The announcement last month came as the polls suggest a clear lead for the Conservative Party, while May said she is seeking a direct mandate for her plan to deliver a smooth British exit from the EU.
City firms have voiced their concerns over Britain’s arrangements to leave the European Union as prime minister Theresa May pulled the trigger on article 50 last month.
Continue reading “‘An extremely big deal’: profession lays out key threats as article 50 triggered”
The vultures have been circling. Partner hires hit new heights among the 50 firms that comprise our Global London table this year, but overall the City’s US shops have remained steady after a period that saw the UK economy rocked by last year’s Brexit vote and the legal market witness its largest European firm collapse.
Continue reading “Swoop to conquer – a turbulent year for US firms in London but no retreat”
Freshfields Bruckhaus Deringer and DLA Piper have announced high-profile Brexit hires as British Prime Minister Theresa May triggered article 50 today (29 March). Continue reading “Freshfields and DLA announce Brexit hires as May triggers article 50”
Latham & Watkins’ global co-head of international arbitration Sophie Lamb (pictured) discusses Lord Goldsmith, Latham and the impact of Brexit with Georgiana Tudor. Continue reading “Q&A: Latham’s Sophie Lamb on life in chambers, practice and the danger of post-Brexit immigration policy”
Well, it is nearly over and few in the profession will mourn the passing of 2016. Not since the banking crisis of 2008/09 have 12 months so drastically recast the environment in which law firms ply their trade, most strikingly, of course, in June’s vote for Britain to quit the EU and November’s election of Donald Trump as the 45th US president. Continue reading “Comment: After shocks of 2016, law leaders may need to start thinking”
Shearman & Sterling and Latham & Watkins have advised Thomas Cook and the underwriting banks in the global travel specialists’ €750m high yield bond offering, guaranteed by various Thomas Cook subsidiaries. The offering comprised of 6.25% senior notes due 2022, and the proceeds will be used to refinance existing debt. Continue reading “‘Significant in the post-Brexit market’: Shearman and Latham lead on Thomas Cook €750m high yield offering”
The number of solicitors added to Ireland’s law society roll has increased by 275% to 1,347 solicitors over the past year in the wake of the Brexit vote, with Freshfields Bruckhaus Deringer, Eversheds and Slaughter and May making the most applications. Continue reading “Freshfields, Eversheds and Slaughters lead the pack as Brexit vote sparks record-breaking admissions to Irish roll”
The UK is to ratify the Europe-wide Unified Patent Court (UPC) agreement and set up a court in London despite fears Brexit would halt negotiations. Continue reading “City firms react as government pushes ahead European Unified Patent Court despite Brexit fears”
