Despite a history of high-value deals, Italian law firms have unsurprisingly failed to avoid the crunch and are now reacting defensively in a volatile market. By Kelly Parsons The legendry hefty pay packets of Italy’s top rainmakers could be left significantly lighter this year as M&A activity in the country plunges to a record low […]
The legal chief of the UK’s biggest local council has slammed a “poor-quality” Law Society consultation on the role of monitoring officers, describing it as a “waste of money”. Birmingham City Council head of legal Mirza Ahmad is refusing to take part in the appraisal. The Law Society and Solicitors in Local Government (SLG) want […]
Davis Polk & Wardwell and Shearman & Sterling have been handed the lead mandates on the restructuring of Ford Motor Company’s debt. Davis Polk partners Donald Bernstein, Michael Kaplan and Larry Wieman are leading for Ford in a deal that will see the company’s financing group Ford Credit make a $1.3bn cash offer for unsecured […]
Real estate investment fund Braemar Group has hired Orla Ball as its new in-house counsel. Ball joins Braemar from Eversheds‘ Manchester office, where she was an associate in the corporate team for 12 years. She is tasked with bringing in-house much of the legal work that the Braemar Group previously contracted out to external law […]
Two firms in The Lawyer’s UK top 50 managed to increase revenue by more than 20 per cent over 2023/24, highlighting a buoyant year across the legal industry. Kennedys’ turnover rose by 22.5 per cent from £313.6m to £384.3m, while Burges Salmon, this year’s fastest-growing top 50 firm, saw its total revenue balloon by 27.1 per cent […]
Dickson Minto has made a rare dip into the recruitment market with the appointment of a real estate partner from Walker Morris. The former group head of Leeds-based Walker Morris’ real estate practice Jeremy Moore has joined Scotland’s Dickson Minto as a partner with immediate effect. Moore will be based out of Dickson Minto’s London […]
Womble Bond Dickinson is preparing to expand significantly in the US, with a merger confirmed with Phoenix firm Lewis Roca. The geography-driven deal, which aims to plug several strategic gaps in the larger firm’s office network, is set to go live at the start of next year. The merged firm will be known as Womble […]
After months of negotiations, The Spectator Magazine has been sold to hedge fund tycoon Paul Marshall, with four firms in action. White & Case led for Marshall and Old Queen Street Ventures (OQS Media) on the acquisition. The acquisition follows a receivership process undertaken last year by Lloyds Banking Group and the acquisition of a […]
Paul Hastings is expanding once more in London, hiring a partner from Davis Polk & Wardwell’s capital markets team. Dan Hirschovits joins Paul Hastings after 12 years at Davis Polk, where he was promoted to its partnership in 2017. Prior to that, he was an associate at Freshfields Bruckhaus Deringer. Hirschovits works on equity capital markets […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the top 50 City firms based on UK corporate revenue, highlighting those achieving significant growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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A&O Shearman is looking to cut 10 per cent of its global partnership, but it’s doing so in a year in which its London recruitment team has been at its busiest. The firm has hired eight lateral partners in the City so far this year and last week’s announcement of “planned business changes” does little […]
Before financials season got fully underway, The Lawyer took a look at the firms most likely to hit the milestones of £2bn, £1bn and £500m. There were not many, highlighting the challenge for firms to grow bigger and profitably. Of the seven likelies, just two definitely managed it – Linklaters and Bird & Bird – […]
For years, particularly since 2016 and the vote for Brexit, much has been written about the odds of London’s decline as a world financial hub. Most of it has focused on deal and investment activity. But there’s another metric, one that amply underlines the sheer pulling power of the City and suggests that far from […]
“I’ve seen the future, and it’s porn, sharks and Nazis.” Twitter hadn’t even been founded at the time, but the above quote from the niche 2005 sitcom Bromwell High turned out to be unintendedly prophetic when considering the journey of one of the planet’s largest social media companies. Once ‘the world’s town square’, Twitter, latterly […]
One of Europe’s most enduring rumours is about Simpson Thacher & Bartlett opening in Luxembourg. It is one of the jurisdiction’s key referrers of work for the local Luxembourg players, meaning there is an amount of paranoia among them about what would happen if Simpson Thacher decided to open its own office there. The idea […]
Cooley has bulked up its emerging companies and venture capital practice with a partner trio joining from three different firm. Angus Miln, Ali Ramadan and Helen Pantelides have joined the firm, adding to its offering for private companies and investors in high-growth, disruptive industries. Miln joins from Taylor Wessing, where he has been head of […]
Eversheds Sutherland believes it can grow partner numbers across its four Benelux offices to more than 40 in the next five years as part of a concerted push to become an major player in the region. The partner headcount growth would represent an increase of almost two-thirds (60 per cent) by 2029 from its current […]
Three firms are at the helm of a new joint venture deal between Barratt Developments, Lloyds and the UK Government to accelerate the delivery of housebuilding across the UK. The arrangement will see the three businesses collaborate as part of the Made Partnership, which intends to act as the master developer for multiple large scale, […]
Weil Gotshal & Manges has recruited an in-houser from pension investor PSP Investment, in a move that aims to strengthen its London finance group. Nicola Noël joins the US firm as a partner, having been a senior legal director at PSP. She works on leveraged finance matters, advising private credit funds, sovereign wealth funds, pension […]
Myerson has become the third firm in the UK200 to transition to an employee ownership trust (EOT), in a move that bucks the trend of consolidation and private equity takeovers in the mid-tier. The Manchester-based firm – which focuses on disputes, corporate, real estate and private client work – completed the restructuring process at the […]