The risk debate – The coming storm

The risk debate – The coming storm

On the day Brexit officially began, our annual Legal Business/Marsh round table found risk managers on the front line of a series of cataclysmic events

29 March 2017 will be a date that will remain ingrained in the memory, with Prime Minister Theresa May invoking article 50, formally triggering the Brexit process. Later that evening it was inevitable that the real effects of Brexit would dominate the discussion at our annual risk management round table.

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‘We won’t stop’: A&O management team on building out in the US and breaking lockstep

‘We won’t stop’: A&O management team on building out in the US and breaking lockstep

Allen & Overy (A&O)’s management is bullish about the Magic Circle firm’s US expansion plans, having broken lockstep twice in 12 months to bring in two finance teams from major US firms.

In February it emerged A&O used its bonus pool to hire a three-partner Paul Hastings team. The US firm’s leveraged finance head Bill Schwitter joined A&O’s New York office as the firm’s global co-head of high-yield alongside partner Michael Chernick and capital markets partner Jeffrey Pellegrino.

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News in brief – April 2017

News in brief – April 2017

300 JOBS CUT AHEAD OF CMS MERGER

Approximately 300 support staff roles are to be cut at CMS Cameron McKenna, Olswang and Nabarro ahead of their triple merger next month. The firms ran a redundancy consultation from January to March, with 650 of the 950 support staff offered roles in the combined firm.

 

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The last word: American dreams

The last word: American dreams

‘We will continue to hire lawyers we see as adding something. That continues to be the mantra: hire great lawyers and your practice will grow.’

Richard East, Quinn Emanuel Urquhart & Sullivan

As our Global London report hits desks, the leadership at US law firms in the City weigh up the challenges ahead

MISSION STATEMENT

‘The firm has a clearly defined strategy for where and how we will grow. We will continue to build our top-ranked transactional, regulatory, litigation and trial practices and focus on the industries that are driving the global economy. Mission drift can happen if you take your eye off the strategy. The investments we make are for the long term and are key to ensuring we stay focused on what we need to do to serve our clients’ needs today, and in the future.’

Richard Trobman, vice chair, Latham & Watkins

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Norton Rose Fulbright reshuffles Asia management with three appointments

Norton Rose Fulbright reshuffles Asia management with three appointments

Norton Rose Fulbright (NRF) has made a series of new management changes to its Far East offices, with new managing partners for its Hong Kong and Singapore offices and the appointment of project finance partner Nick Merritt as head of Asia business strategy. Continue reading “Norton Rose Fulbright reshuffles Asia management with three appointments”

All fall down? – The 2017 Risk Survey

All fall down? – The 2017 Risk Survey

The collapse of KWM, cyber threats and Brexit have all come together to cause unease among City law firms. Our annual risk survey asks if risk managers can help avoid a domino effect.

There is little debate about what is dominating discussion among law firm managers right now. Not article 50 and not Donald Trump’s latest whim. The subject gripping law firm risk for our tenth annual risk management survey with broker Marsh is the events leading up to 4.40pm on 17 January 2017 – the moment the European and Middle East operation of King & Wood Mallesons (KWM) went into administration. Continue reading “All fall down? – The 2017 Risk Survey”

Joyce stands for re-election as Addleshaw partners vote through Scottish merger

Addleshaw Goddard managing partner John Joyce is to stand for re-election for a second term beginning May 2017, it was revealed at the end of November as partners at the firm voted to acquire HBJ Gateley’s three Scottish offices in Aberdeen, Edinburgh and Glasgow.

Joyce, who was appointed into the role in May 2014 for a three-year term, is hoping to serve another four years as managing partner, following recent changes to the firm’s partnership deed that extended the terms of both managing partner and senior partner by a year.

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