Ashurst has announced turnover of £586m in the first combined results since the UK firm fully merged with its Australian arm, with average profit per equity partner (PEP) hitting £801,000. The results for the 2013/14 financial year are the first to integrate the two firms’ figures, after partners voted in favour of a full financial […]
Revenue at Fieldfisher has broken through the £100m barrier for the first time hitting £104m, an increase of 9.5 per cent on £95m for 2012/13. Fieldfisher also reported a 12 per cent rise in net profit, from £21m to £23.5m in 2013/14 – its highest point since the £26m recorded in 2007/08. Meanwhile, its average […]
The new UK environmental penalties will make companies nervous of retrospective action, according to Paul Verrico, principal associate at Eversheds. These new sentencing guidelines came into force on 1 July 2014 and increase the levels of fine likely to be imposed on those committing environmental crimes. Verrico said: ‘Historically, the approach of the courts to […]
Herbert Smith Freehills (HSF) has picked up Taylor Wessing competition partner Michael Dietrich to bring the number of partners in Germany to six. Dietrich is the first competition partner to join HSF in Germany following the firm’s launch there in April last year (13 February 2013). He joins corporate partners Ralf Thaeter and Nico Abel (16 […]
At times, it looked as if the UK’s public M&A market was about to triumphantly return to form in the first half of 2013. But the rush never quite materialised. UK public M&A deals between 1 January and 27 June fell to 21 – a drop from 26 in the previous six months. According to […]
DLA Piper, along with FTI Consulting, has supported new guidance for companies on countering small bribes published by Transparency International UK. Transparency International’s new guidance for companies, Countering small bribes: principles and good practice guidance for dealing with small bribes including facilitation payments, provides practical advice on addressing the challenge of countering small bribes including […]
The Brussels competition team at Allen & Overy recently hosted a workshop entitled ‘Exchange of information — current issues’ in partnership with Concurrences Journal and Compass Lexecon. Competition authorities in the EU are currently taking a hard stance against information exchange and other forms of price signalling. Cases increasingly involve subtle, indirect and sometimes one-off […]
The government has published the results from its call for evidence regarding current whistleblowing laws and, to the surprise of many, reveals a particularly ‘light touch’ approach to further change. Audrey Williams, employment partner and head of discrimination at Eversheds, has commented on the announcement. She said: ‘The subject of whistleblowing has attracted much attention […]
Mirna Lalic-Milanovic, in co-operation with Karanovic & Nikolic B&H, has been elected as the president of the board of governors of the American Chamber of Commerce (AmCham) in Bosnia & Herzegovina. As president of the board, Lalic-Milanovic will lead AmCham in its advocacy activities and initiatives and is committed to supporting the improvement of the […]
Eversheds has advised Maplin and its management team in relation to its sale to Rutland Partners for £85m. Maplin is the UK’s biggest specialist consumer electronics retailer, with high-street and out-of-town stores, a mail-order catalogue and an online presence. The Eversheds team was led by partner Alasdair Outhwaite, assisted by associate Elizabeth Tindall and trainee […]
Malaysia’s largest law firm Zicolaw has continued its regional expansion by adding a firm in Laotian capital Vientiane to its network. Three-lawyer Vientiane Law Co, which is led by managing partner Viengsavanh Phanthaly, was founded in 2009 and focuses on foreign investment into Laos as well as IP and dispute resolution. The firm is the […]
Hogan Lovells is set to open its second and third Latin American offices in 2014 after bolting on Mexican firm Barrera Siqueiros y Torres Landa (BSTL). The deal will add two new offices to Hogan Lovells’ collection, in Mexico City and Monterrey, comprising about 70 lawyers including 16 partners. The new offices bring the firm’s […]