Star legal writers: company and commercial
This week’s briefings include tips on in absentia signing powers for a holiday free from office interruptions, and six reasons why companies must master the new EU data protections rules
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Business intelligence: optimal ways to compare firms’ profitability
By Alan Hodgart, principal, Hodgart Associates The profitability of a law firm is a key competitive tool. It is not the only performance measure but its importance should not be underrated. A firm that underperforms its competitors on profitability over a sustained period is likely to face a decline in performance relative to competitors. It […]
Cleary wins new client Samsonite on $1.8bn deal with Tumi
Cleary Gottlieb Steen & Hamilton has advised new client Samsonite on its acquisition of Tumi Holdings, with Freshfields Bruckhaus Deringer, Ropes & Gray and Skadden Arps Slate Meagher & Flom also winning key mandates. The firm fielded a cross-border M&A team for its first instruction from travel luggage company Samsonite, led by corporate partner Ethan Klingsberg […]
Eversheds opens merger talks with Singapore firm
Eversheds is looking to increase its Asian offering through a merger with Singapore-based firm Harry Elias, The Lawyer understands. A merger with the 56 fee-earner firm would greatly boost Eversheds’ offering in Singapore. Currently, Eversheds only has an eight-strong team in the country, which is led by regional managing partner Oommen Mathew. An Eversheds spokesperson […]
ISDA on hunt for new GC as Geen steps down
The general counsel of the International Swaps and Derivatives Association (ISDA) has stepped down from the role after 10 years.
Mayer Brown reports worldwide PEP increase of 8 per cent
Mayer Brown saw its average profit per equity partner (PEP) figure climb 8 per cent in 2015 to nearly $1.6m (£1.13m). The firm saw PEP rise by 7.6 per cent worldwide from $1.45m to $1.56m, while revenue went up by 2.8 per cent from $1.22bn to $1.26bn (£890m). The results also led to a 1.2 […]
How McDermott’s Vergunst plans on moving London forward
Change is not a term widely used in connection with McDermott Will & Emery (MWE). But with Andrew Vergunst about to take on the top London job, as well as a new global strategy, the firm could be set for a turnaround.
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Exclusive: Stephens Scown to be first ‘shared ownership’ UK200 firm
West Country firm Stephens Scown is to become the first UK 200 law firm to operate under a shared ownership model. Last month, The Lawyer revealed that Mishcon de Reya managing partner Kevin Gold was considering implementing such a scheme, most famously employed by retailer John Lewis. However, Stephens Scown has beaten Mishcon to the punch […]
DLA Piper partner investigated by SRA for sexist emails
DLA Piper sports partner Nick West is facing a hearing by the Solicitors Disciplinary Tribunal (SDT) after sending a string of sexist emails to Premier League boss Richard Scudamore. The email exchange, which took place in 2014, contained sexist jokes relating to Scudamore’s female colleagues. The Premier League boss’ secretary leaked the emails to the […]
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Addleshaws senior partner elections kick off
The race to become Addleshaw Goddard’s next senior partner has kicked off with M&A partner Andrew Carpenter and head of corporate finance Charles Penney emerging as the only two candidates. The senior partner position is up for grabs after Monica Burch announced she was stepping down from the role at the end of her current […]
Revenue and PEP up by 4.5% at Gibson Dunn
Gibson Dunn & Crutcher has posted a rise in excess of 4.5 per cent for both revenue and average profit per equity partner (PEP) for the 2015 financial year. Total turnover stood at $1.54bn last year, a rise of 4.7 per cent while PEP rose by 4.6 per cent to $3.19m. Average revenue per lawyer […]
Shoosmiths targets flexible working market with contract lawyer offering
Shoosmiths has become the latest firm to enter the contract lawyer market as it looks to compete with the likes of Lawyers On Demand (LOD) and Allen & Overy’s (A&O) Peerpoint. The new venture, Resource Solutions, is split into four services and is aimed specifically at helping in-house teams lower their costs. The four services are […]