A fraud battle brewing between Hewlett-Packard (HP) and former Autonomy managers could see Clifford Chance and Wachtell Lipton Rosen & Katz squaring off in the High Court. Earlier this week the ongoing and acrimonious fallout from HP’s $11.1bn takeover of Autonomy in 2011 escalated, with HP accusing former Autonomy founder Michael Lynch and CFO Sushovan […]
East Anglian firm Birketts has unveiled strong financial results for the 2013/14 year, achieving 12 per cent turnover growth with a 20 per cent rise in net profit. Turnover rose 11.9 per cent from £28.65m in 2012/13 to £32.1m. The rise followed growth of 7 per cent between 2011/12 and 2012/13. Birketts reported net profit […]
Sidley Austin has triumphed in defending Investec against a £6.3m High Court battle brought by two former traders against their 2010/11 bonuses. Mr Justice Leggatt today ruled that the bank had not breached its contract in denying ex-head and deputy head of equity derivates Andrew Brogden and Robert Reid more than £6m in bonuses, as […]
The bar is headed for a fractured future and commercial stars are soaring ahead, according to The Lawyer’s cover feature this week. According to data collected for The Lawyer’s Bar Top 30 report, which comes out with The Lawyer’s (eagerly-anticipated) UK 200 later this year, London’s top sets will be fighting a host of different […]
Eversheds construction expert Michael Conroy has commented on the latest projections for future UK construction industry growth. Conroy said that it is encouraging to see that confidence remains intact after other recent figures suggested the outlook was ‘perhaps a bit more muted’. He said: ‘It remains the case that infrastructure still requires a catalyst such as […]
DLA Piper has announced that David J Brummond has joined the firm’s insurance and reinsurance practice as of-counsel in the Washington DC office. Brummond had previously served as senior sanctions adviser — insurance for the US Treasury Department’s Office of Foreign Assets Control (OFAC) from 2006 to 2014. In this position at OFAC, Brummond assisted in the development […]
DLA Piper has announced that Mark Roppel has joined the firm’s corporate and finance group as a partner in New York. Roppel has more than 25 years of experience with complex, cross-border transactions in Asia, Europe and the Americas, particularly in China, where he practised for six years. He brings premium M&A experience (including hostile […]
Take a look at the most-read stories on TheLawyer.com this week and share your views It’s always fascinating to find out how much other people are getting paid. And the revelation that marketing directors at City firms can earn as much as £477,000 per year certainly has readers talking. The survey, conducted by marketing recruitment […]
Onshore or offshore? In-house or outsourced? Agile or not? Management issues are big news for law firms today and Trowers & Hamlins is the latest making waves. The firm is launching a new Birmingham document production hub after 34 of its secretaries accepted voluntary redundancy. The new 21-strong team will all operate from the Midlands. […]
The debate over profit per equity partner (PEP) as a financial metric never seems to go away. Earlier this year Dentons decided to stop disclosing global PEP to The American Lawyer, saying it was ‘meaningless’. For a British take on the issue, read what former Ashurst boss Charlie Geffen has to say. Charlie Geffen: PEP […]
Trowers & Hamlins is to set up a new document production centre in its Birmingham office after losing 34 secretaries in a redundancy consultation. The new 21-strong document production centre will be launched next month to serve the firm’s UK and international offices. It follows the end of a six-month consultation which resulted in […]
Today saw Bernie Ecclestone under fire yet again. The Formula 1 boss has been reported to have come to a settlement agreement with the German courts to drop the bribery case for which he was due to stand trial. The agreement? A whopping cash donation of $100m (£60m) awarded to the Munich court. The story, […]