Sidley Austin partner Tim Cowen has joined technology, media and telecoms (TMT) boutique Preiskel & Co as an equity partner. Cowen has brought with him to the firm a multi-million pound antitrust litigation against Google brought by mapping site StreetMap. StreetMap is bringing damages claims against Google alleging abuse of dominance in the way in […]
There were an eclectic bunch of hot topics on the agenda on the closing day of the Global Law Summit, ranging from human rights to bribery and shareholder activism. The ensuing debates did not disappoint, touching on some of the legal market’s most pressing issues. A panel on business and human rights was chaired by […]
A Gibson Dunn & Crutcher partner is facing a High Court cross-examination over allegations he submitted falsified documents to the courts in a case between the Djibouti government and one of its wealthiest citizens, it emerged this week. Dubai-based partner Peter Gray was instructed by the Djibouti government in its case against businessman Abdourahman Boreh, […]
The High Court has approved a funding regime proposed by Mayer Brown client, the Merchant Navy Ratings Pension Fund (MNRPF), in a landmark judgment which ends a case spanning more than a decade. The ruling concludes that the MNRPF became a frozen scheme when all members stopped accruing pensionable service in 2001. It means former […]
Milbank Tweed Hadley & McCloy has hired a pair of Linklaters projects partners, Matthew Hagopian and Manzer Ijaz. Hagopian is co-head of Linklaters’ global energy sector, and leads its US law energy and project finance practice globally. Dual-qualified in England and New York, he has been a partner at the magic circle firm since joining […]
Collective turnover at UK firms increased by 8.4 per cent to a record £30.6bn last year – accounting for 7 per cent of the $650bn (£419.6bn) global legal services fee revenue in 2013/14. A new report by TheCityUK, released at the Global Law Summit in London this morning (25 February) found that UK firms experienced […]
Shoosmiths has advised Hewlett Packard on a new lease of 68,000sq ft of Grade A office space in the City of London, at 1 Aldermanbury Square. Hewlett Packard is set to move into its new office accommodation, owned by EPIC UK, in November 2015, occupying the whole of 1 Aldermanbury Square on a 15-year lease. […]
Linklaters and Herbert Smith Freehills are among the firms to win a spot advising on the initial public offering of challenger bank Aldermore. It is the second time that the lender has announced its intention to float on the London Stock Exchange, after its first attempt was pulled in October 2014. Last year, the bank […]
A total of seven European firms have been named on the inaugural European Referral Firm of the Year shortlist, unveiled today ahead of The Lawyer’s European Awards next month. The category is designed to recognise those firms which stand out in the way they work with their peers in other countries on cross-border transactions, in […]
Silks from Wilberforce Chambers and Ten Old Square have been instructed on the final stages of a landmark case in Hong Kong concerning the $10bn (£7bn) estate of the late Nina Wang, once the richest woman in Asia. The long running litigation over Wang’s home-made will, which left her entire estate to a charitable corporation, will […]
Addleshaw Goddard, Jones Day and Travers Smith have taken the lead roles on private equity group 3i’s first investment in the UK for four years – a £105m injection into Aspen Pumps. Sussex-based Aspen Pumps is a condensate removal pumps manufacturer. 3i plans to work with Aspen Pumps to support its international growth and expand […]
Latham & Watkins’ revenue has rocketed by 14.3 per cent between 2013 and 2014, from $2.28bn to $2.61bn (£1.69bn). Its average profit per partner grew by 16.5 per cent, increasing from $2.5m to $2.9m over the course of the year. Meanwhile, its revenue per lawyer also rose from $1.1m to $1.2m – a total of […]