Clifford Chance and Linklaters are the latest firms to have won mandates as General Electric (GE) stays on track to sell $100bn (£63.6bn) worth of assets by the end of the year. Clifford Chance represented GE Capital in the $2.2bn (£1.4bn) sale of its European sponsor finance business to Sumitomo Mitsui Banking Corporation Europe (SMBCE). Meanwhile […]
The Lawyer’s first salary survey, in partnership with Kinsella Legal, covers lawyer’s pay, base salaries, bonuses, benefits and pay satisfaction. As well as their wider career satisfaction and aspirations, we’ve unearthed eye-opening information about the effects on earnings of location, sector, experience and gender. Salary Survey: In-house Salary Survey: Newly-qualifieds Salary Survey: Salary rises and […]
Former Ince & Co partner Nathan ‘Andy’ Iyer, who was jailed for forgery and false accounting and struck off by the Solicitors Disciplinary Tribunal (SDT) in 2012, has launched City legal services firm IY Legal. IY Legal will provide non-regulated legal advice to energy and arbitration clients, Iyer told The Lawyer. The firm was set […]
Eversheds in the Netherlands has expanded its financial practice by hiring Steven Geerlings as the head of asset-based lending. Geerlings returns to Eversheds after a three-year break since 2012 when he served as head of ABL in London. He will now be based in Amsterdam and will regularly travel to the UK and other EU […]
Former US attorney general Eric Holder is set to re-join former firm Covington & Burling as a partner, after six years as the US government’s top enforcement lawyer. Holder will be based in the firm’s Washington DC office from September and his practice will focus on complex investigations and litigation matters, including regulatory enforcement and […]
Pharma company Amgen has hired Jonathan Graham as senior vice president, general counsel and secretary from manufacturer Danaher to replace David Scott, who is retiring next month. Graham will take on the role on 13 July and lead the company’s five-strong legal team as Scott plans to step down after 11 years in the role. He […]
Morrison & Foerster (MoFo) has revealed new plans to expand its operations in Europe following exits in the London office, with corporate and patent litigation practices emerging as the main targets for growth. MoFo Europe managing partner Paul Friedman said that the firm was “investing in corporate especially” following the hire of Latham & Watkins […]
Osborne Clarke managing partner Ray Berg has issued a call for firms to work more closely together and be ”much more collaborative” to deal with the pressures created by clients with more buying power. In particular, Berg says that where a client has many relationships, most notably in a panel situation, the buyer has made […]
Topping the headlines this week was the shock departure of Linklaters managing partner for the newly-created top job of chief people, legal and strategy officer at Lloyds Banking Group. His move, coinciding with the announcement that the firm’s turnover had crept up by just 1 per cent, sent shockwaves through the market, with Davies’ legacy […]
There could hardly be a more appropriate symbol of London’s current sky-high property prices than the tale of Boodle Hatfield. This story about a centuries-old, property-focused firm that until recently was deeply entrenched in the West End highlights how it’s not only potential first-time buyers that are being squeezed out of the capital’s prime locations. Our data-rich cover […]
After years of chasing its rivals, Allen & Overy (A&O) has displaced Linklaters as – for the time being – as the second-largest magic circle firm. The change comes thanks to the firm’s 4 per cent revenue rise, to £1.28bn, set against Linklaters’ 1 per cent real-terms rise to £1.267bn. It is a significant shift […]
Firms need to juggle real estate costs with providing a modern environment. Balancing the economics of growing a City law firm to keep pace with rising global markets against a backdrop of expensive office rents is a conundrum facing many managing partners. Real estate spend is, after all, the biggest cost to law firms after […]