Citigroup has reported $2.9bn (£1.9bn) in legal expenses during the fourth quarter of 2014 – an increase of 258 per cent from $809m for the same period of 2013. The bank’s net income for the fourth quarter of 2014 was $350m, compared to $2.5bn in the same quarter in 2013. The drop was attributed to […]
Financial stability is crucial for any business and law firms are no exception. A survey released last week showed that increasing profitability remains the top concern for the majority of UK firms, despite the fact that the last financial year was a record-breaker for the UK’s legal market , with revenue, profit and headcount numbers […]
The Jersey Student Business Challenge kicked off with a launch event for students from Grainville and JCG on Tuesday 13 January 2015. The Challenge, which is supported by Ogier as well as by Barclays and EY, sees 10 teams of students from each school start-up and run their own businesses with an initial investment of […]
Eversheds has been ranked in the 2015 Stonewall Top 100 Employers Index for the seventh year running. The Stonewall Top 100 Employers 2015 represents the best places to work for lesbian, gay and bisexual staff in a competitive labour market. For the last decade, Stonewall’s Index has set the standard for employers who want to […]
As of 1 January 2015, Agnieszka Chylińska, Dr Piotr Kunicki, Dr Aleksandra Kunkiel-Kryńska and Adam Nierzwicki have been promoted to Senior Associates at Wierzbowski Eversheds. Agnieszka Chylińska began her career at Wierzbowski Eversheds in 2008 and qualified as a legal adviser in 2011. She handles real estate projects and complex infrastructure projects, and has participated […]
Shoosmiths is celebrating a record year for its corporate practice group, reflected in several third-party endorsements of its growing reputation. Shoosmiths was placed as the number two law firm by deal volume nationally in Experian’s 2014 UK Deal Review and Advisor League Table, with 120 reported deals. The national team’s strength in depth is evidenced by […]
Bindmans and Kingsley Napley have taken centre stage in the High Court today, representing the Law Society in a challenge against the proposed government reforms on the tender process for criminal legal aid contracts. The reforms, which are universally unpopular with both solicitors and barristers, have created a headache for Lord Chancellor Chris Grayling MP, […]
Travel commerce platform Travelport has snapped up William Hill general counsel and company secretary Thomas Murphy to head its legal department. At Travelport, Murphy is replacing Eric Bock, who left in 2014 to become chief legal officer and corporate secretary of American Express after nine years at the company. Murphy’s appointment is part of Travelport’s […]
Two high-profile departures from the legal departments at major banks characterise the last week of in-house news. Last week (9 January) Barclays Capital confirmed the resignation of general counsel Judith Shepherd who is set to leave the company before the summer. Shepherd joined the bank from Gibson Dunn & Crutcher in 2006, starting as deputy […]
Bindmans and Kingsley Napley are advising the Law Society and the London Criminal Courts Solicitors Association (LCCSA) on their application for judicial review of the new tender process for criminal legal aid contracts, which is in court today (15 January). Lord Justice Laws and Mr Justice Cranston will hear today’s application, which sees the two […]
Iceland Foods has added Yorkshire firm Gordons to its list of advisers, just weeks after the appointment of DWF director Duncan Vaughan as head of legal. Vaughan replaced outgoing head of legal Jayne Burrell at the end of last year, following Burrell’s departure for pharmaceutical company Sinclair Pharma (5 November 2014). Gordons has been appointed […]
Burness Paull, Eversheds and Osborne Clarke are among 11 firms that have been appointed to the new national legal services procurement framework for Local Government Pension Scheme (LGPS) Funds launched earlier this week (12 January). The framework is split into are separate lots for full service, investment and benefit administration, and where necessary is also […]