Fresh from its tripartite merger last year, and in the middle of the UK financial results season, Dentons has decided to launch a tirade at the way the media and analysts look at law firm financial reporting. The firm’s decision to stop reporting average profit per partner figures prompted an impassioned defence of the metric […]
The Lawyer editor Catrin Griffiths explains why profitability is still a valid metric when examining law firm performance. Dentons’ decision to stop disclosing its average PEP (profit per equity partner), expressed in a letter to The American Lawyer, has sparked a storm. To summarise, Dentons global CEO Elliot Portnoy and global chair Joe Andrew first […]
Finance specialist Simon Thrower has become the latest partner to depart from Ashurst, taking up a new role in Simmons & Simmons’ financial markets team. Thrower, who has been a partner at Ashurst since 1999, has particular expertise in corporate and leveraged acquisition finance, syndicated corporate debt facilities and debt restructuring. Recent transactions have included […]
Allen & Overy’s (A&O) Australian senior partner Grant Fuzi is to leave the firm at the end of this year, four years after he launched the magic circle firm’s offices down under. The announcement regarding Fuzi’s retirement from the firm’s partnership was made internally on Wednesday 11 June. He will remain at the firm for […]
A raft of firms including Clifford Chance and Freshfields Bruckhaus Deringer advised on the IPO of discount store chain B&M – the biggest London listing of 2014 so far. The Liverpool-based business saw its shares soar by 6.9 per cent yesterday morning (12 June) to give the company a market capitalisation of about £2.9bn – […]
A recent Crown Court case featuring the SFO has clarified the laws surrounding conspiracy to defraud Company directors who design and pursue a lawful transaction designed to remove from the company hefty future obligations do not conspire to defraud those who might be financially affected by their doing so. That was the conclusion of Mr […]
It’s begun! If the world media coverage hasn’t put you off, and you want to find out more about Brazil and football from a business perspective, then don’t miss the analyses we’re curating. Lawyers and sport: a volatile mix? Brazil: Goals How FIFA is changing Brazil’s Constitution for the World Cup The ‘injured’ relationship of […]
Squire Sanders’ merger with Washington DC’s Patton Boggs was viewed by many as a rescue for the latter. European managing partner Peter Crossley reveals why the tie-up was necessary for his firm too. Back when merger talks between Texas-based Locke Lord and US lobbying giant Patton Boggs were leaked last year (20 December 2013), few […]
Slater & Gordon (S&G) has confirmed a UK management re-jig and taken on 105,000 sq ft of office space in Manchester. The Australian-listed firm has secured seven floors of 58 Mosley Street Manchester, where it will bring legacy Pannone, Fentons and its pre-existing Manchester staff under one roof for the first time since the 2012/13 […]
Transport for London’s (TfL) in-house lawyers have launched a court action in the row between black cab and Uber taxi drivers. The body’s in-house team has issued letters before claim to Uber, the Licensed Taxi Drivers Association (LTDA) and the Licensed Private Hire Car Association (LPHCA) to seek a High Court ruling on the row […]
Third sector specialists Bates Wells Braithwaite (BWB) has become the latest firm to be granted an ABS licence, paving the way for its first non-lawyer partner. BWB was handed the licence by the Solicitors’ Regulation Authority earlier this week. The firm has now made up former Baker Tilly partner Jim Clifford to the equity partnership […]
Ask for a round table. You might otherwise have to move three times, like I did on the visit before this one. They favour the run of tables close together style of dining, so that you get to know your neighbour, whether or not you want to. A round table will take you away from […]