The House of Commons Public Accounts Committee (PAC) has released a damning report on the Ministry of Justice’s (MoJ) civil legal aid reform, saying that it was not based on evidence but on the objective to cut costs as quickly as possible. PAC chair Margaret Hodge said in a report released this morning (4 February): […]
Irish firm Arthur Cox has appointed the general counsel of exchange-traded fund (ETF) provider Source, Adrian Mulryan, as a partner in its London funds team. Mulryan joined Source as its general counsel in 2009 from the Royal Bank of Scotland where he was head of retail issuance. He began his career at Irish firm LK […]
Berwin Leighton Paisner (BLP)’s votes are in – the person who will replace outgoing Neville Eisenberg as managing partner is employment head Lisa Mayhew. Mayhew will take over from Eisenberg in May this year after just a year in the role of employment chief. Her rise to BLP’s top job has been rapid; she only […]
Withers has agreed a formal alliance with Singapore-based firm Khattar Wong as part of its strategy to expand in Asia. The two firms began negotiations shortly after moving into the same office building in 2012. Discussions became increasingly serious before the pair finally applied for regulatory approval last summer. The formal law alliance (FLA) will […]
The US firm reporting season is now underway, with a smattering of results in so far indicating an upward turn. Today McDermott Will & Emery has posted a 2.2 per cent rise to $899.8m despite the firm’s total number of lawyers worldwide falling from 1,021 to 997. Yesterday Dechert confirmed that its global gross revenue […]
Fieldfisher has cast a wide net to snare lateral hires in Europe, but what is its strategy on the continent? Since Michael Chissick became Fieldfisher’s managing partner back in February 2013, he claims to have been “slowly but surely” investing in lateral hires. According to The Lawyer UK 200, the firm increased its partner numbers […]
Publicly-owned utilities giant Scottish Water has launched its first panel review process for five years. The new panel will work across three frameworks and will be revealed on 31 March. UK law firms will compete for spots on Scottish Water’s roster of advisers that will support its in-house legal team. The panel is split into […]
CMS Cameron McKenna increased its net cash by 774 per cent in 2013/14, prior to its 1 May 2014 merger with Dundas & Wilson, the firm’s LLP accounts have shown. Net funds rose from £3.8m to £33.1m due to a £29.3m increase in cash. The firm paid off its overdraft and had no bank borrowings, […]
McDermott Will & Emery increased its global revenue to $899.8m last year, a 2.2 per cent growth on its 2013 figure of $880.8m. During the course of the year, the firm’s total number of lawyers worldwide fell from 1,021 down to 997. Meanwhile, it topped up its total number of equity partners from 192 to […]
Hogan Lovells has launched a global citizenship target for all staff, asking them to complete 25 hours of voluntary work per year. The transatlantic giant will ask staff to partake in voluntary work that fits into one of the firm’s five citizenship aims: community investment, diversity, environment, matched charitable giving and pro bono. Staff will […]
Irish firm Arthur Cox, Cleary Gottlieb Steen & Hamilton and Freshfields Bruckhaus Deringer have scooped the lead roles as construction giants Holcim and Lafarge sell off assets ahead of their €40bn merger. Arthur Cox client CRH is acquiring €6.5bn (£4.9bn) of assets from the two companies, including UK-based Lafarge Tarmac. The assets will see the […]
Berwin Leighton Paisner (BLP) partners have elected head of employment Lisa Mayhew as managing partner effective 1 May. Last week The Lawyer revealed the two would go head-to-head today in the firm’s first contested managing partner election for 16 years (29 January 2015). Incumbent managing partner Neville Eisenberg is expected to make a play for […]