Issues

Baker & McKenzie honoured at Legal Community Finance & Tax Awards

Baker & McKenzie has been named as Transfer Pricing Firm of the Year at the Legal Community Finance & Tax Awards, which took place in Milan on 24 March 2015. The award was assigned by an external jury made up of bankers and tax directors of leading Italian and multinational companies. The jury awarded the firm […]

London

Slaughters and Paul Weiss advise challenger bank Shawbrook on £725m IPO

Slaughter and May and Paul Weiss Rifkind Wharton & Garrison have advised banking start-up Shawbrook Group on its initial public offering (IPO) on the London stock exchange, valued at £725m. Slaughter and May London corporate and commercial partners David Johnson and Susannah Macknay advised Shawbrook and its principal shareholder Pollen Street Capital, supported by tax […]

New York

Willis Group appoints Travelers legal head as GC ending four month vacancy

Risk adviser Willis Group has appointed Travelers’ senior vice president and general counsel Matthew Furman as global general counsel in its New York office. Furman will report to chief executive Dominic Casserley. He replaces Adam Rosman, who moved to First Data Corporation as general counsel in October last year. Casserley said Furman’s appointment will help the […]

Lloyd's of London
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US insurance giant Foran Glennon to launch in London through Locke Lord hires

US firm Foran Glennon Palandech Ponzi & Rudloff is planning to launch a London office through the hire of two Locke Lord lawyers, partner Gavin Coull and consultant Damian Cleary. Both lawyers specialise in insurance and reinsurance, and joined Locke Lord in 2012 from Steptoe & Johnson, where they were both partners (29 May 2012). […]

birmingham

Shoosmiths partners move to all equity partnership in bid for inclusivity

Shoosmiths has confirmed plans to convert to an all equity partnership structure from 1 May, with eight per cent of the firm’s partners opting out of the new one-tier partnership. A total of 76 of the firm’s partners opted to become members of the LLP as fixed share equity partners. Shoosmiths will have an equity […]

London

Southbank and King’s Cross firms to be hit hardest by 25% increase in bills by 2017

Law firms that moved to King’s Cross and Southbank for cheaper rents and business rates could see their bills increase by up to 25 per cent following the Government rental valuation assessment, which starts in April. Business rates are expected to reach half of the value of rental properties by 2017 following the revaluation, leading […]

money
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US firms’ UK hourly rates outstrip the magic circle for the first time

US firms have matched and exceeded the rates charged by their magic circle counterparts for the first time in 2015, with work-hungry partners charging up to £900 per hour and newly qualified lawyers up to £400. Partners in top US firms are charging between £700 and £900 an hour, with the rates at the top […]

The Lawyer in the US: Chadbourne turns to BLP for new Moscow managing partner

Chadbourne & Parke has recruited corporate partner Andrei Baev from Berwin Leighton Paisner (BLP) as its new Moscow managing partner. Baev will split his time between London and Moscow, as he has done previously. He joined BLP in late 2011 from Allen & Overy and spent the past three years working both from the UK and […]

US: Hogan Lovells hires two partners from Allens and launches in Australia

Hogan Lovells has launched an office in Australia with the hire of partners Nicky Lester and Tim Lester from Linklaters’ best friend firm Allens. Hogan Lovells CEO Steve Immelt said that the firm’s Australia launch is focused on an offering that would complement its multi-jurisdictional practice rather than a domestic Australian practice. [continues] Also on […]