Issues

Stock exchange

A&O and Wachtell lead as Nasdaq announces $1.1bn ISE purchase

Allen & Overy (A&O) and Wachtell Lipton Rosen & Katz have won lead mandates on Nasdaq’s $1.1bn (£770m) acquisition of Deutsche Börse asset International Securities Exchange Holdings (ISE). The magic circle firm worked with the seller Deutsche Börse, with corporate partner Peter Harwich leading the team in New York alongside Frankfurt-based partner Hartmut Krause. They […]

Joe Andrew

Dentons chair: We’re the largest referral network in the world

Dentons chair Joe Andrew has revealed the firm referred work to 920 other firms last year, amid 12 months of unprecedented growth for what is now the world’s largest legal practice. Speaking at The Lawyer‘s Global Collaboration Summit in London on Thursday (10 March), Andrew outlined the firm’s strategy for expansion. He said quantity was […]

Reed Smith PEP drops 8 per cent amid revenue fall

Reed Smith saw its average profit per equity partner (PEP) fall 8 per cent over 2015, amid a global revenue dip of 2.5 per cent. The firm’s PEP fell from $1.2m to $1.1m (£770,000) last year, while global turnover also dipped from $1.15bn to $1.12bn (£790m). The results contrast with Reed Smith’s financial results over […]

IT technology

Dentons’ NextLaw takes stake in legal spend start-up Apperio

Dentons-backed technology incubator NextLaw Labs has made an investment in UK start-up Apperio, a provider of legal technology matter management services. The investment is the latest in a series of funding for tech start-ups expected to be made by the Dentons subsidiary, which also backed ROSS Intelligence last year. ROSS Intelligence is creating a legal […]

Milbank’s London revenue climbs 6 per cent to £77.5m

Milbank Tweed Hadley & McCloy’s London office has increased revenue by 6.3 per cent, while the firm saw turnover globally nudge up 1.4 per cent. The firm’s City base generated revenues of $110.2m (£77.5m) over 2015, growing from $103.7m in the previous financial year. In total Milbank’s London office contributed 14.3 per cent of the […]

David Kerr, Bird & Bird

Bird & Bird set for leadership change as new chairman is elected

Bird & Bird has re-elected chief executive David Kerr for a further three years, while also appointing new chairman, Italian managing partner Massimiliano Mostardini. Mostardini’s appointment marks the first change in leadership at Bird & Bird for nine years, with his predecessor Michael Frie having served as chairman for three successive terms. Frie has acted alongside […]

london

Squire Patton Boggs makes up eight UK lawyers in 30-strong promotions round

Squire Patton Boggs has made up 30 partners worldwide, with over a quarter based in the firm’s three UK offices. Four City lawyers have been promoted as national partners in the firm, including dispute resolution counsel James Barratt and employment senior associate Natalie Bellwood. Arbitration senior associate Alexis Martinez and international trade senior associate Aline Doussin […]

Ray Berg

Osborne Clarke hires first-ever diversity head to promote gender balance

Osborne Clarke has updated its firmwide strategy, putting the focus on sectors, client relationships and diversity in the next four years. UK managing partner Ray Berg presented the firm’s 2020 strategy to the board at the end of February, highlighting three main areas of focus. The areas include working on the firm’s sector approach, which […]