Slaughter and May has made its first lateral hire in Asia with the addition of Morrison & Foerster’s (MoFo) co-head of China capital markets John Moore. The move will gift Slaughters a US law capability for capital markets transactions in Hong Kong, a strategy which has been on the cards since 2012 (24 September 2012). […]
Predictions that the trainee model is bust are belied by this season’s retention rates. So far Ashurst, BLP, Nabarro and Olswang have kept on the vast majority of their trainees. A leap of faith, or a solid business decision? Ashurst keeps on 96 per cent of qualifiers Berwin Leighton Paisner announces 89 per cent retention […]
Herbert Smith Freehills’ (HSF) bank overdraft rose from £26m to £62.7m last year as total bank borrowings grew by more than £30m, the firm’s latest LLP accounts have revealed. In the first set of accounts to be filed since the 2012 merger of Herbert Smith and Australia’s Freehills (21 June 2012), the firm’s LLP recorded […]
Dentons’ UKMEA arm took out £5.4m in new loans in 2013, hiking its borrowings by £3m in a year. In the first set of consolidated accounts filed with Companies House following the firm’s tripartite merger (8 November 2013) Dentons revealed £3.8m of bank loans up from £828,00 the previous year. That may have informed the […]
Have you ever eaten in the The Foyer and Reading Room at Claridges? Thought not. You’ll have heard of the main restaurant, soon to be occupied by Simon Rogan, whose flagship restaurant at the Midland Hotel in Manchester has undoubtedly transformed that dowdy dowager duchess of an hotel dining room but has also divided the […]
Linklaters is combining its regulatory, risk, governance and compliance capabilities to create a new ‘operational intelligence group’. The team will be led by commercial partner Satinder Dogra, environment partner Vanessa Harvard-Williams and corporate partner Tom Shropshire and involve 25 partners. It is aimed at providing risk advice to clients outside of the financial services sector. […]
The general counsel The Lawyer talks to each week always wax lyrical about the improved work-life balance that can be found in-house. So it’s perhaps no surprise that those who move in-house often stay there, while big companies find it easy to recruit lawyers from the top private practice firms to fill positions. Some of […]
Eversheds has commented on ACAS’s response to consultation and statutory code of practice for UK employers. The code helps to clarify the forthcoming changes to flexible work, notably an extension of the right to request to all employees, not just parents and carers, who have worked for their employer for 26 weeks or more and […]
DLA Piper has announced that former US Department of Transportation secretary Ray LaHood has joined the firm as a senior policy adviser in the Washington DC and Chicago offices. Joan DeBoer, LaHood’s former chief of staff, will also join the firm as a policy adviser. With a 36-year public service career, LaHood has a wide […]
By Aravind Swaminathan, Jim Halpert and Michelle J Anderson In a speech that garnered worldwide attention, US president Barack Obama has announced important reforms in the ways the US government will gather, store, use and retain signals-related information. These changes will quickly affect many companies, both in the US and globally. In this alert, we identify […]
By Eric D Ryan and Joe Helm The old saw about the best-laid plans of mice and men also goes for international tax planning and transactions with significant tax consequences. Sometimes the business and/or financial assumptions around the planning turn out to be mistaken, sometimes the resulting structure turns out to be too complex to […]
By Robert E Connolly and Mark A Kasten This year promises to be another in which corporate purchasing departments work hard to keep costs down while vendors try to increase their margins. In this marketplace tug of war, vendors will occasionally engage in a little self-help by reaching out to their competitors and agreeing to […]