Allen & Overy is advising Evonik Industries in Essen on its acquisition of an equity interest of approximately 9.06 per cent in Borussia Dortmund GmbH & Co KGaA and extending the main sponsor agreement with Borussia Dortmund until 2024-25. On acquiring the equity interest, Evonik Industries has become the second-largest individual shareholder in Borussia Dortmund […]
Total revenue at Allen & Overy (A&O) rose by just 2 per cent last year from £1.21bn to £1.23bn in 2013/14, despite the firm having posted a 7.5 per cent rise at the half-year stage. Average profit per equity partner (PEP) stood at £1.12m, a 7 per cent increase on the previous year’s figure of […]
DMH Stallard managing partner Tim Aspinall is stepping down at the end of 2014, to be replaced by real estate head Richard Pollins. Aspinall is relinquishing control of the firm after seeing it through almost 20 years of growth, largely through merger. He was managing partner of legacy Donne Mileham & Haddock, which became DMH […]
US firm Foley Hoag has added its sixth partner in Paris with the hire of White & Case arbitrator Philippe Sarrailhé. Sarrailhé’s appointment follows the hire earlier this year of Winston & Strawn partners Carine Le Roy-Gleizes and Frédéric Scanvic, along with fellow environmental law specialist Corentin Chevallier who was a senior associate at Winston & Strawn. […]
Barclays has chopped its global panel by 30 per cent after unveiling a new-look structure made up of general and preferred advisers. Clifford Chance, Allen & Overy (A&O), Linklaters, Freshfields Bruckhaus Deringer and DLA Piper have all been re-appointed to the banking panel, which was extended for 12 months last summer (14 January 2013). The […]
Nabarro has posted flat revenue for the 2013/14 year-end up 0.3 per cent from £116.3m to £116.7m, while average profit per equity partner (PEP) grew by 10.5 per cent from £430,000 to £475,000. Net profit has also increased, climbing 8 per cent, from £31.6m to £34.1m. It is the third consecutive year of net profit growth […]
Simmons & Simmons is not a firm you instantly associate with regional offices but in the last year headcount at its Bristol base has been rising fast. Simmons’ most recent addition to the partner-led Bristol base is corporate partner Patrick Graves, who joined the firm from Osborne Clarke today. With 17 years at OC focusing […]
This Friday is 4 July, one of the biggest holidays of the year in the US, but for the country’s law firms – notably Davis Polk & Wardwell – that’s no reason to rest easy. At least not overseas. As we report this week in the exclusive research contained in Asia Pacific 150 2014, the […]
What better way to kick off a management stint at a top UK firm than to give partners the good news that revenue, net profit and PEP have reached an all-time high? Clifford Chance managing partner Matthew Layton, who took over in May from incumbent David Childs, has done exactly that. Today Clifford Chance became […]
The Solicitors Regulation Authority (SRA) is advertising for its first-ever general counsel in the wake of the appointment of Paul Philip as its chief executive. The general counsel will be in charge of a team of five, advising on policy, legal issues and legislative drafting. The head in-house lawyer will join the SRA’s senior management […]
TV company FremantleMedia has hired BBC Worldwide’s director of business & legal affairs, Robin Chalmers, as the replacement for retiring general counsel Sarah Tingay. Chalmers will start work at FremantleMedia later this year and will report to chief operating and financial officer Sangeeta Desai. He will be responsible for legal and commercial advice across the […]
Yesterday saw the publication of The Lawyer Asia Pacific 150, the annual ranking of the largest law firms by lawyer numbers across Asia Pacific. Growth across the international firms in Asia Pacific has slowed, while domestic firms are pushing forward. The Top 100 independent firms in the region increased lawyer headcount by 12 per cent […]