Issues

dollars

Shearman misses growth target as global PEP falls

Shearman & Sterling’s London office has posted a 2.7 per cent increase in revenue from $144.6m to $148.6m for the 2015 financial year. Globally Shearman also posted an increase in turnover of 2 per cent from $845m in 2014 to $860.3m last year, but this is understood to have missed the level of turnover it […]

DLA Piper

DLA Piper picks EMEA MD Picon as Knowles replacement

DLA Piper has appointed Madrid-based corporate partner Juan Picon to replace Nigel Knowles as its new senior partner and global co-chairman. Picon is currently DLA’s joint managing director for Europe and the Middle East, a role he has held since 2014. He is also co-chair of its Latin American practice alongside Bob Gruendel. Picon has […]

GTM set to shift London HQ to the Shard

Greenberg Traurig Maher (GTM), the UK arm of US firm Greenberg Traurig, is set to become the first international law firm tenant of the Shard next month. The firm’s five-year lease on its offices at 200 Gray’s Inn Road end in April. It has taken a 10-year lease for space on the eighth floor of […]

dollars money stack

K&L Gates London revenue stays flat as firm turnover dips 8 per cent worldwide

K&L Gates’ London revenue dipped by 1 per cent over 2015, while the firm’s global turnover went down by nearly 8 per cent. The US firm’s London office generated revenue of £44.4m last year, as opposed to £44.96m in 2014. Administrative partner Tony Griffiths said London had performed well over 2015, with the firm “almost matching our […]

Kirkland doubles global notice period amid London partner exits

Kirkland & Ellis has doubled the notice period for equity partners worldwide to 120 days, with its most recent exits in London narrowly missing the change in conditions. The firm’s notice period used to be 60 days for equity partners but this has now increased to 120. Meanwhile Kirkland has also introduced a 30-day notice […]

Slaughters appoints Turnill as new M&A head

Slaughter and May corporate finance partner Roland Turnill has been named as the firm’s head of M&A, replacing Steve Cooke who will become senior partner in May. Turnill joined Slaughters in 1996, becoming a partner in 2004. His recent work has included advising on Vodafone’s joint venture in Holland with Liberty Global and Royal Dutch Shell’s £47bn takeover […]

royal courts of justice

Gibson Dunn client ordered to pay £9.3m costs after Boreh claims dismissed

Gibson Dunn & Crutcher client the Republic of Djibouti has been ordered to pay £9.3m in costs after its case against its citizen, Abdourahman Boreh, was dismissed. The ruling, handed down on Wednesday (2 March), marks a major win for Byrne & Partners, representing Boreh, against Gibson Dunn in a case that has lasted four years, involved […]