A new ViewsHub survey has found that law firm BD teams are “ineffective” and among the worst of organizations in any sector.
A new ViewsHub survey has found that law firm BD teams are “ineffective” and among the worst of organizations in any sector.
London-based Woodsford Litigation Funding Ltd. on Wednesday announced a $20 million investment deal with litigation boutique Lewis Baach Kaufmann Middlemiss—a move that comes less than a month after Woodsford opened its first U.S. outpost in Philadelphia.
Less than a month after six partners left London-based legal giant Ashurst's New York office, one of those defectors, Lawrence Berkovich, has reemerged at Allen & Overy.
The inquiry comes four months after the SDT hit the law firm with a £50,000 fine and three of its partners were fined £10,000 each for breaching money laundering rules.
The judgment from the Solicitors Disciplinary Tribunal relates to a 2014 case that saw White & Case blocked from acting for Ukrainian client Victor Pinchuk after it failed to identify a conflict of interest.
Microsoft recently announced plans for 90 percent of its external legal work to be handled via alternative fee arrangements within two years. GlaxoSmithKline is already there.
Schapiro left Quinn Emanuel in 2014 after being appointed by President Barack Obama, his former classmate and law review colleague at Harvard Law School, to replace former Obama administration ethics czar and ex-Zuckerman Spaeder partner Norman Eisen as ambassador to the Czech Republic.
Eight years after its arrival in London, what's next for the brash, fast-expanding litigation firm? Name partner John Quinn explains.
Douglas Davison, a longtime partner at Wilmer Cutler Pickering Hale and Dorr in Washington, D.C., has left the firm to join the London-based legal giant Linklaters in the nation's capital.
The legal giantwill use a machine learning tool developed by U.S. contract analytics company eBrevia to handle transactional due diligence in Europe, North America and Asia.
Recent Russian cyber actions, such as the restrictive use of VPN technology, may make it more difficult for companies to conduct routine business activities.
The legal giant has announced that M&A partner Wang Rongkang in Shenzhen will relocate to London to become its first Europe and Middle East managing partner since the collapse of its legacy SJ Berwin arm in January.
Baker McKenzie saw revenue climb to a record high of $2.67 billion in 2016-17, up just over 2 percent on last year's results, with average profits per equity partner creeping up marginally to $1.3 million.
I hadn't been to Russia since 2009, our London-based European correspondent writes. A lot has changed in the past eight years.
In a market rocked by sanctions and sagging oil prices, U.S. and U.K. firms are finding new ways to adapt.
Quinn Emanuel Urquhart & Sullivan London financial services and regulatory partner David Berman has quit to join US rival Latham & Watkins, just months after joining from elite City firm Macfarlanes.
The suit accuses the makers of Mercedes-Benz, BMW, Audi, Porsche and Bentley vehicles of participating in a 20-year conspiracy to unlawfully increase their vehicles' prices through collaboration on technology, suppliers and emissions controls.
David Ulich's film chronicles the massacre of the Israeli Olympic team.
Paul Chandler's father, a 92-year-old Holocaust survivor, would never have reconnected with other survivors from Nasielsk, a small town in Poland, if not for a three-minute video shot in 1938 that resurfaced in 2009. Now his son, a counsel at Mayer Brown in Chicago, is helping Nasielsk remember its history as a Jewish community.
Documents seized during a March raid on the Munich office of Jones Day cannot be used by German prosecutors investigating the Volkswagen emissions scandal, a German high court has ruled.
Mayer Brown, CMS and Berwin Leighton Paisner (BLP) have secured top mandates on the £1.3bn sale of 20 Fenchurch Street, better known as the ‘Walkie Talkie’.
Freshfields Bruckhaus Deringer co-managing partner Chris Pugh's departure from the management team is attributable to the firm's poor 2016-17 financial results, according to former partners.
Is Big Law finally about to enter a long-heralded period of sustained trans-Atlantic consolidation? Fifty-two combinations involving U.S.-based firms were announced in the first six months of 2017, according to Altman Weil.
Herbert Smith Freehills New York arbitration partner Laurence Shore has left the firm to join Italian firm BonelliErede.
Former Clifford Chance (CC) German private equity head Christopher Kellett is set to join magic circle rival Linklaters.
Berwin Leighton Paisner (BLP) contract lawyer spin-off LOD (Lawyers on Demand) is set to expand into the Middle East.
Dentons will launch in Scotland after agreeing to a merger with Maclay Murray & Spens.
UK insurance giant Clyde & Co is opening its ninth office in the U.S., with a launch in Los Angeles.
A reorganization of the Anglo-Australian legal giant's U.S. finance practice—a remnant of now-defunct McKee Nelson—will see at least five partners join Chapman and Cutler in New York.
White & Case has been fined a record £250,000 ($325,700) by the U.K.'s Solicitors Disciplinary Tribunal for failing to identify a conflict of interest and protect confidential financial information in a $2.6 billion dispute involving Ukrainian oligarch Victor Pinchuk.
Shearman & Sterling counsel Collette Rawnsley, a barrister who previously held a senior role at the U.K. Competition Appeal Tribunal, will join London-based Wiggin this week.
When it comes to disputes over the ownership of artwork that changed hands during the Nazi era, it’s hard not to sympathize with the plaintiffs—descendants of Jews who were persecuted or slaughtered during the Holocaust. But a case pending in the Southern District of New York tests just how far those claims can go.
White & Case and Latham & Watkins are advising on Polish telecom company Play Communications’ initial public offering on the Warsaw Stock Exchange.
Hackathon participants created an app that locates local financial, emergency and legal assistance on a map.
The Dublin-based law firm is bringing on technology and privacy partner Chris Bollard from Arthur Cox to co-manage the new office with partner Mark O'Sullivan.
Sullivan will join Gibson Dunn’s international arbitration team as a partner in London. He has spent more than a decade at A&O, making partner at the magic circle firm in 2013.
While its Magic Circle rivals posted hefty increases in gross revenue, Freshfields Bruckhaus Deringer barely maintained its revenue, even with a hefty currency bump.
Clifford Chance (CC) is aiming to grow US revenues to 20% of its total fee income, as the firm continues its efforts to ramp up its Stateside presence.
Despite apprehension over how Brexit will affect the economy, it's business as usual in the legal technology industry.
The London-based legal giant is being investigated by the U.K.'s Solicitors Regulation Authority over its controversial role in a long-running dispute involving oil and gas client Excalibur Ventures.
The firm has turned to Clyde & Co for advice in the Solicitors Regulation Authority's investigation into Clifford Chance's controversial role in the long-running Excalibur case.
Corporations in the U.K., U.S. and EU are preparing for the GDPR at vastly different speeds.
The growing global legal giant has opened an office in Tashkent, Uzbekistan, after absorbing a 10-lawyer local firm. Dentons also released financial results showing an increase in gross revenue for its U.K. arm in 2016-17, although partner profits fell 9 percent.
Freshfields Bruckhaus Deringer announced stagnant gross revenue and shrinking net profit for a 'challenging' 2016-17.
France has long been a challenging place in which to do business. The historically left-leaning country's high taxes and tough labor laws often have made it a frustrating market for international investors—and their lawyers.
Global giant Norton Rose Fulbright and Manhattan-based Chadbourne & Parke finalized their merger Friday, ending Chadbourne’s 115-year run as an independent firm.
A little more than a year after launching in the United States under the leadership of a former Proskauer Rose lawyer and restaurateur, litigation funder Therium Inc. is expanding in New York.
The first-ever law firm to go public has been grappling with huge debts as a result of its controversial acquisition of U.K. insurance company Quindell’s professional services arm in March 2015.
A retired Court of Appeal judge who was once accused of "social cleansing" has been appointed to lead the public inquiry into the Grenfell Tower tragedy.
A retired court of appeal judge who was once accused of "social cleansing" has been appointed to lead the public inquiry into the Grenfell Tower tragedy.
Does it pay to be paid in rubles? For global firms operating in Russia, not really.
When Paul Weiss Rifkind Wharton & Garrison hired Simpson Thacher & Bartlett corporate partner Alvaro Membrillera earlier this year, the move marked the elite US firm’s first lateral hire in London since it first opened in the City 16 years ago.
Following the exit of a second major team in Paris this year, Ashurst is facing an uphill struggle to rebuild its base in the French capital.
Toronto-based firm Blake, Cassels & Graydon is launching a first-of-its-kind fund to provide subsidized legal services to support the rapidly growing Canadian technology startup market.
As the Department of Justice prosecutes alleged manipulation of the foreign currency spot trading market, a trio of London-based foreign currency traders who worked for Citicorp, Barclays, and JPMorgan Chase agreed earlier this month to come to New York in July for their arraignments.
The newly-combined firm pulled off quite a feat this week, mustering 680 partners and top operations people together in London for the firm's first partners' meeting amid record-setting June heat.
As the penalties being extracted by the United States from multinational corporations for violations of anti-corruption statutes have skyrocketed in recent years, an increasing number of other countries have begun to pass or enhance their own laws prohibiting, among other things, bribery of foreign officials, and have increased the financial penalties applicable to businesses that violate those laws.
Former King & Wood Mallesons European and Middle East partners may be unable to claim tax loss relief on their July tax payment, after three banks declined to open an account for the firm’s partnership board to deal with the allocation of tax losses.
The U.S. Department of Justice under President Donald Trump has taken its first public action involving a foreign bribery case: a declination to prosecute Linde North America Inc. and Linde Gas North America.
Gibson, Dunn & Crutcher ramps up its European hiring with some significant moves in London, Paris and Germany.
Clifford Chance has recruited two corporate partners in New York, including the former group general counsel of Zurich Insurance Group.
Plaintiff-side litigation insurance can defray the cost of attorney fees and expenses for companies filing suits or law firms taking cases on contingency.
A proposed combination between Chadbourne & Parke and Norton Rose Fulbright scheduled to close sometime in the second quarter of this year is facing delays due to client conflicts. Norton Rose Fulbright, meanwhile, announced another deal this week with Australia's Henry Davis York.
Less than a month after launching in the EU capital, the firm has expanded with the hire of the EU's former deputy director-general for competition.
Addleshaw Goddard's tie-up talks with Hunton & Williams have fizzled out nearly two years after they began, with the news coming as the British firm's discussions with Germany's Luther have also come to an end.
A relative of litigation funding, litigation insurance for plaintiffs can defray the cost of an unsuccessful case. TheJudge is a British outfit launching in New York as part of its plan to bring the product across the pond to U.S. companies and law firms.
Should law firms refuse to hand over time-entry data to clients when working on a fixed fee?
An underappreciated effect of the Great Recession is how it put on steroids the amounts by which elite US firms can outflank their UK counterparts on partner compensation.
Herbert Smith Freehills' co-head of energy, Anna Howell, is set to join Gibson, Dunn & Crutcher in London, as the Am Law 100 firm continues to expand its operations in Europe.
Top American firms are outflanking their British counterparts on partner compensation. As money talks, partners walk—and competitiveness follows.
Pinsent Masons is to launch an office in Dublin, making it the first international law firm to launch in the Irish capital since last year’s Brexit vote.
Police from an organized crime unit conducting a drug investigation recently raided the global legal giant's back office operations center in Northern Ireland.
Partners may not have wanted a Labour Government, according to our survey published yesterday, but they feared the prospect of a hung parliament even more, with more than 60% of respondents believing activity levels would fall over the next 12 months in the event of no party winning an outright majority.
The Am Law 100 firm will launch a French litigation and disputes practice after taking four partners from Ashurst, the second mass defection from the British firm’s Paris office so far this year.
Norton Rose Fulbright has confirmed it is in late-stage merger talks with Australian firm Henry Davis York. The firms were first rumored to be holding discussions in November.
Many U.K. firms will likely post gains for the fiscal year that followed the Brexit vote. Then what?
As it makes its international debut, Womble Bond Dickinson is billing itself as a "new breed of transatlantic law firm" because it unites two middle-market firms with strong regional roots.
Womble Carlyle Sandridge & Rice and Bond Dickinson formed an alliance in June 2016 but have now taken this relationship a step further, although stopping short of full financial integration.
The Frankfurt, Germany-based bank agreed to pay a $41 million civil penalty and to enact a raft of compliance reforms.
he elite U.K. firms have been tweaking their lockstep compensation models for years. But changing things too much may prove counterproductive.
Berwin Leighton Paisner, Fieldfisher, Withers and RPC have joined a growing group of U.K. top 50 law firms looking to change the way they appraise their fee earners and staff.
What do the limited liability partnership (LLP) accounts of the biggest U.K. law firms tell us about the market?
McCarthy Tétrault has opened an office in New York after recruiting corporate partner Mark Adkins from Canadian rival Blake, Cassels & Graydon.
Dentons is set to launch in Peru through a proposed combination with 20-lawyer local firm Gallo Barrios Pickmann. The move comes as the global legal giant slashed five lawyers from its office in Watford, England, one that Dentons picked up last year after absorbing the bulk of Matthew Arnold & Baldwin.
Facebook Inc. received one of its biggest regulatory slaps last week when European antitrust regulators fined it $122 million for providing misleading statements about its 2014 purchase of WhatsApp.
New data from Acritas Research indicates U.S. companies lead the pack on legal spend—by a lot.
Skadden made rare hires to its London office with the addition of private equity heavyweights from White & Case.
In this video, Legal Week editor Georgina Stanley talks to Giles Murphy, head of the professional practices group at Smith & Williamson, about the limited liability partnership (LLP) accounts of the U.K.’s 50 largest law firms and what we can learn from them.
Sullivan & Cromwell has opened an office in the de facto capital of the European Union after adding Wilson Sonsini Goodrich & Rosati partner Michael Rosenthal.
Allen & Overy is suing a former client for $343,448 arising out of its work for the development and financing of a solar power facility in Panama.
Shearman & Sterling antitrust partners Stephen Mavroghenis and Miguel Rato, courted last year by Quinn Emanuel Urquhart & Sullivan, have joined the firm’s Brussels office. Both lawyers re-unite with former colleague Trevor Soames, who Quinn Emanuel hired in December.
Seven of the roughly 30 partners who initially agreed to remain with KWM 2.0 or its affiliated offices have made departures in recent weeks.
A pair of recent filings in U.S. litigation over alleged foreign exchange rate manipulation has revealed a dispute that pits Quinn Emanuel against Hausfeld and Scott + Scott. The dispute, which revolves around foreign exchange rate antitrust litigation, takes on added import because all three firms are eyeing key roles in similar litigation overseas.
These are tricky times to be a Magic Circle partner in Germany. With partnerships in the country under intense scrutiny in recent years, Legal Week asked partners at a range of firms in Germany why there is so much pressure on performance.
The United Kingdom's Serious Fraud Office received a ruling on May 8 from the High Court of Justice in London that it can breach attorney-client privilege to see materials gathered as part of a company's internal investigation.
Nearly two months after German law enforcement authorities raided Jones Day's Munich office as part of an investigation into Volkswagen AG, a local court has tossed a complaint by the firm about government efforts to obtain materials on its embattled client.
Sean Lacey, co-leader of the alternative capital group at Freshfields Bruckhaus Deringer in London, has become the latest partner to leave the lockstep Magic Circle firm for potential riches at Kirkland & Ellis.
Andrei Baev, the head of Chadbourne & Parke's Moscow office, has left the firm ahead of its proposed combination with Norton Rose Fulbright to join Reed Smith.
The labor and employment specialist, which struck a deal with U.K. boutique GQ Employment Law, has now launched in 14 new markets since October 2013.
The long-playing Fox News sexual harassment scandal draws scrutiny from U.S. investigators and the U.K. regulators who must approve 21st Century Fox’s $14.8 billion acquisition of Sky News.
New Jersey-based Carroll, McNulty & Kull is merging with U.K.-founded Kennedys to form a nearly 1,000-lawyer global firm that specializes in advising the insurance industry.
Around 100 former King & Wood Mallesons partners have been called upon to contribute up to £2,500 to a hardship fund set up to assist staff affected by the collapse of the firm’s former Europe and Middle East business.
Finn Zeidler, a dispute resolution and white-collar defense expert at Latham & Watkins in Frankfurt, has left the firm to join Gibson, Dunn & Crutcher's new office in the German financial services center.
Gibson Dunn has hired Latham & Watkins dispute resolution and white-collar defence partner Finn Zeidler in Frankfurt.
Liesl Fichardt, head of the tax investigations and disputes practice at Clifford Chance in London, is leaving the Magic Circle firm to join Quinn Emanuel Urquhart & Sullivan in the city.
Liesl Fichardt, head of the tax investigations and disputes practice at Clifford Chance in London, is leaving the Magic Circle firm to join Quinn Emanuel Urquhart & Sullivan in the city.
The global legal giant is poised to open an office in Luxembourg with a team of three partners from local law firms.
Latham and Kirkland have outpaced the vereins to take the top two spots in the Am Law 100—but what lessons can U.K. firms learn from this year's rankings?
London-based legal giant Freshfields Bruckhaus Deringer has hired three restructuring partners in New York from newly-merged Arnold & Porter Kaye Scholer. The Magic Circle firm began ramping up its operations in Manhattan two years ago.
The settlement stems from the 2011 case against Magyar Telekom and three of its former executives.
The U.S. government's bribery case involving Hungary's largest telecommunications company closes after two former executives Monday agreed to pay penalties and accept a five-year bar on serving as an officer or director.
The union of London's Lovells and Washington, D.C.'s Hogan & Hartson is arguably the most successful trans-Atlantic law firm combination ever. But did the firm miss some opportunities?
In February, a month after the legacy SJ Berwin business went into administration, the bank asked the ex-partners for a payment plan. Now it wants the loans repaid by the end of April.
The judge in the case against a Turkish gold trader represented by former New York City Mayor Rudolph Giuliani and former U.S. Attorney General Michael Mukasey said he will appoint independent counsel in the hearing to make sure the defendant understands the possible conflicts involved with his choice of counsel.
The new chatbot hopes to provide a new public face for barristers' offices.
The World Bank Group is set to name Pascale DuBois to its top anticorruption post as its next Integrity Vice President.
Annual partner reviews will be ditched in favor of more regular feedback from sector or geography leaders.
The full judgment in the case—which also saw three Clydes partners fined 10,000 pounds—raps Clydes for allowing its name to be “unintentionally lent to what appeared to have been a fraudulent financial scheme."
Law school administrators say concerns are growing from foreign students about how the myriad immigration and travel policies emerging from Washington could impact their plans to obtain LL.M degrees in the United States.
The world’s largest law firm by head count asked several U.S.-based partners to leave after it failed to meet its 2016 budget, multiple sources said.
Fintech could pose a threat to traditional banks in the United Kingdom, according to Bank of England Governor Mark Carney. But that doesn't mean he thinks they should be subject to tougher regulation.
The new incubator, Codify, will provide regulation technology startups with logistical resources and strategic advice and direction from corporate professionals.
For U.S. and international law firms in Moscow, soured geopolitics are making a bad business situation worse.
Alvaro Gomez de Membrillera Galiana, a corporate partner at Simpson Thacher & Bartlett in London, has agreed to join Paul, Weiss, Rifkind, Wharton & Garrison.
Facing intense competition from global firms, independent firms have to be smart and disciplined.
Marshall Dennehey Warner Coleman & Goggin has formed a global insurance network with firms in Canada, Spain and the U.K., two months after Wilson Elser Moskowitz Edelman & Dicker launched its own international network.
London-based competition head Philippe Chappatte: "We have to invest and make sure we provide an international product to our clients."
DLA Piper's international expansion spree continued Friday as the legal giant announced a tie-up with 150-lawyer Danish firm LETT. The local shop will be absorbed into DLA Piper’s Nordic verein.
The firm's London office will host a space for clients and technology companies to collaborate on tools for regulations, deals and legal services delivery.
The majority of in-house lawyers have reservations about Deutsche Bank’s plan to stop paying panel law firms for work carried out by junior lawyers, but believe the move is likely to start a trend, according to a new Legal Week survey of corporate counsel.
A defense lawyer for Reza Zarrab, a Turkish gold trader charged with helping Iran avoid U.S. sanctions, confirmed the attorneys' involvement in response to a court order but said that details of the representation are confidential.
Volkswagen Group has named Kurt Michels as the German automaker's new chief compliance officer, a hire that comes as the company seeks to move past its multibillion-dollar emissions scandal.
Almost 60 percent of partners think Deutsche Bank’s plan to stop paying panel law firms for work carried out by junior lawyers is unreasonable, according to a new survey.
Factors such as flexible working, new technology and the Brexit vote are pushing law firms to rethink their real estate footprint.
The U.K. law firm is planning further expansion of its flexible lawyer scheme Peerpoint following a successful pilot in the Netherlands, with continental Europe and the United States pinpointed as key targets.
"Although the firm has been around for 180 years, we only elected our first litigation partner in 1971,” says Michael Bennett, the head of Linklaters’ dispute resolution division.
This January, around 30 partners from King & Wood Mallesons' pared-down European, Middle East and U.S. offices travelled to Beijing for KWM China’s partnership meeting. A weekend of team performances —from karaoke to flamenco—ensued. But also centre stage, and very much up for discussion, were the prospects for the firm’s business outside Asia-Pacific.
DLA Piper is pulling out of the former Soviet republic of Georgia, with rival global legal giant Dentons poised to take on all of the firm's 11 lawyers in Tbilisi.
In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?
Deutsche Bank's decision not to pay newly qualified lawyers in London is the first apparent instance of a U.K. client adopting the trend long seen in the United States.
Henry Weisburg, Christopher Ryan and Daniel Purisch of Shearman & Sterling discuss the Second Circuit's 2016 decision in Brown v. Lockheed Martin, which provides guidance as to how the principles established in the Daimler precedent should be applied to business registration statutes and illustrates why New York courts should not be able to exercise personal jurisdiction over an award debtor solely on the basis of business registration.
DWF will take over the office on April 3 and launch with eight lawyers initially, including three partners.
Jones Day, a firm with close ties to the current U.S. president, saw its offices in Germany raided Wednesday by local prosecutors investigating its client, Volkswagen AG, as part of a probe into an emissions software scandal at the auto giant.
An indictment unveiled in San Francisco Wednesday includes two Russian Federal Security Service officers.
Depending on the court's ruling, the legal mechanism most companies rely on to transfer personal data outside the European Union could start to unravel.
The global legal giant, having just absorbed firms in Costa Rica and the Netherlands, is slashing 60 jobs in the U.S. and up to five lawyer jobs in the U.K. in order to streamline its operations.
U.S. trained lawyers still dominate the legal landscape and competition is fierce. But the environment is now a bit kinder for diverse profiles.
In this expert analysis column, Norton Rose Fulbright counsel Kathleen A. Scott discusses the Trump administration's initial efforts at addressing what the U.S. president sees as over-regulation, and suggests what effect it might have on non-U.S. banks' operations in the United States.
The Chicago-based Am Law 100 firm will shutter its outpost in Rome later this year, a decision that will likely result in the loss of 38 jobs, including 17 lawyers, eight of whom are partners.
Despite efforts to boost diversity, men still outnumber women more than five to one when it comes to running global practices at the UK’s top law firms. Here, Legal Week speaks to some of those who have made it about how they achieved success, the reality of their roles and their advice to the next generation.
DLA Piper has continued its European expansion by combining with its Portuguese alliance firm ABBC. DLA Piper first struck its association with the Portuguese firm in 2010, with the business working closely with DLA Piper’s Madrid office.
The companies will receive legal advice, access to model legal documentation and tailored coaching in areas such as pitching and presentations.
Attention, partners and Big Law leaders at newly formed mega-firms. Not to interrupt your post-merger glow, but a new report by ALM Intelligence finds that most major law firm combinations since 2000 have not resulted in significant growth.
DLA Piper has delayed pay reviews for its lawyers by two months, until July, to allow management more time to assess moves made by competitor firms.
Labor and employment giants Ogletree and Littler are pursuing different growth strategies, but both involve heavy bets on Europe.
After leading the company's legal team on a temporary basis during a two-month secondment, Freshfields Bruckhaus Deringer City corporate partner Philip Richards has been permanently appointed group executive for legal.
Reed Smith has continued its European expansion with the hire of an eight-lawyer tax team, including three partners, from Winston & Strawn in Paris.
Freshfields Bruckhaus Deringer City corporate partner Philip Richards has been seconded to lead Rio Tinto’s legal team after the departure of previous head Debra Valentine. The company terminated Valentine's contract in November.
Dentons has secured its first base in the Netherlands, via a merger with 70-lawyer Dutch firm Boekel that is expected to go live in April.
The General Counsel Barometer 2017, a survey from legal services company Wolters Kluwer ELM Solutions, shows general counsel at companies based in Europe are looking to align with business strategy and to increase legal department technological capabilities.
A prosecutor and a defense lawyer gave a federal appeals court starkly different views on just how far the U.S. Congress intended the Foreign Corrupt Practices Act to reach in pursuing bribery abroad.
Phil Ivey has been granted permission by the U.K. Supreme Court to challenge a decision by the Court of Appeal. He is trying to recover 7.8 million pounds ($9.6 million) in winnings that have been withheld by a London casino after he was caught cheating.
After serving time for stealing $10 million from a Russian oligarch, can Leigh Sprague use his story to keep other lawyers from going astray?
Fairfax Financial Holdings Limited heads to Switzerland in its biggest acquisition to date, and more.
The program arose out of ‘an acknowledgement that there wasn’t sufficient attention paid to legal technology within the legal curriculum in the whole of the U.K.’
Former Clifford Chance dealmaker Patrick Sarch is new co-head of London corporate: "Our ambition is to do more big ticket cross-border U.K. M&A work and to be recognized as such."
Few foreign firms have previously ventured into Dublin's cozy legal market. With Brexit, that is likely to change.
Clifford Chance has broken its core lockstep in London and New York to use the ‘super-point’ tier reserved to reward star performers. Meanwhile, the firm considers placing some international offices on a lower lockstep rung to boost profitability.
A unanimous court reversed the U.S. Court of Appeals for the Federal Circuit, ruling that shipping a single component cannot trigger a provision of the Patent Act that applies extraterritorially.
A sneak peek at 2016 financial results for some of the biggest firms in the United States.
Norton Rose Fulbright confirmed Tuesday that it will merge with Chadbourne & Parke, creating a combined law firm with revenues of just under $2 billion. Chadbourne, which operated as an independent firm for 115 years but had struggled recently with defections, will leave its name behind.
The head of Clifford Chance's French competition practice, Patrick Hubert, leads three colleagues to Orrick to develop a European antitrust practice there.
Submissions are now being accepted for the June awards, which recognise excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting law firm innovation, commitment to pro bono, outstanding transatlantic strategy and in-house leaders.
Linklaters and Paul Weiss landed lead roles on a since aborted $143 billion takeover bid for London-based Unilever plc by Pittsburgh-based Kraft Heinz Foods Co., a megamerger that would have united two of the world’s largest food companies.
Richard Swallow, investigations co-head and City disputes partner at Slaughter and May, has spent the past year advising Rolls-Royce on the Serious Fraud Office’s probe into allegations of bribery and corruption at the company.
Jenner & Block is bolstering its fledgling London office with the hire of Jason Yardley, a senior White & Case disputes partner and a member of the firm's global management committee.
Law firms line up on potential sale of Opel and Vauxhall to PSA Group.
Less than a year after suing Germany’s Stolmár & Partner over a failed combination, Philadelphia area intellectual property boutique RatnerPrestia has settled breach of contract, fraud and other claims against the Munich-based patent firm.
It has been a bad week for the international legal market in Qatar, with both Clifford Chance (CC) and Herbert Smith Freehills (HSF) confirming they will shut up shop in Doha this year.
About 200 former King & Wood Mallesons (KWM) European and Middle East (EUME) employees, including lawyers, have turn to employment law firm Herrington Carmichael to handle their claim that KWM failed to enter a formal consultation process of 45 days prior to making layoffs.
Eight Australian partners at Herbert Smith Freehills have been named as defendants in a case over their en masse defection to the U.S. firm.
King & Wood Mallesons’ (KWM) Europe and Middle East (EUME) partners rejected at least four attempts by management to increase capital at the firm between 2011 and 2015, it has emerged.
It's time once again to examine whether the legal market will consolidate across the Atlantic.
The firm’s limited liability partnership (LLP) accounts for the year ending April 30, 2016 show that the amount paid out to the top management team increased by 8 percent, from 16.8 million pounds in 2014-15 to 18.1 million pounds.
DLA Piper, DWF and Herbert Smith Freehills have won places on Uber’s EMEA legal panel after a review of the taxi company’s external advisers.
Clifford Chance is pulling out of Qatar roughly six years after opening in the country.
Half of lateral partner hires are failures. To be precise, 47 percent of laterals don’t stay more than 5 full years.
A vote could come soon, with consideration by some committees and the firms’ partnerships within the next few weeks, according to a partner at one of the firms who has been involved in the talks.
Hogan Lovells partners are to pay in additional capital to the firm later this year, as part of a long-running initiative to boost the global firm's capital reserves.
Global firm Eversheds Sutherland made its formal debut on Wednesday, unveiling a new logo and website and cementing the most significant transatlantic tie-up since Norton Rose combined with Fulbright & Jaworski in 2013.
DLA Piper's post-Brexit planning could include expanding the global legal giant's European footprint with office launches in Dublin and Denmark.
Half of the Financial Crimes Enforcement Network's 2016 enforcement actions were brought against companies in the gaming industry. And U.S. Department of Justice efforts in 2016 added greater specifics on the potential benefits of corporate self-disclosure. And want to know how broker-dealers can rely on investment advisers to verify the identity of shared customers? Read on.
More than 4,000 lawyers had signed up to volunteer legal services across the United States by Sunday in response to the Trump administration’s swift move to restrict immigration travel from seven predominantly Muslim countries.
London-based insurance specialty firm Clyde & Co has opened new offices in Chicago and Washington, D.C., after hiring 10 partners from Troutman Sanders.
Cravath, Swaine & Moore, Slaughter and May and Wachtell, Lipton, Rosen & Katz are leading a team of firms that have landed lead roles on Johnson & Johnson’s proposed $30 billion buy of Swiss biotechnology company Actelion.
The administrators of King & Wood Mallesons’ (KWM) European arm have released details of the sums raised by the break-up and sale of the business in a letter to creditors that also sheds light on the failed efforts to secure a single-firm takeover.
Eversheds and its new U.S. merger partner Sutherland Asbill & Brennan will create a new bonus system to reward partners for facilitating integration once the merger between the two firms goes live on Feb. 1.
Poor leadership and a reluctance to deal with longstanding issues were the key factors behind the collapse of King & Wood Mallesons' European arm (KWME), according to a survey of London partners by sibling publication Legal Week.
The Am Law 100 firm has teamed up with Australia's Wotton + Kearney, British firm DAC Beachcroft and Germany's BLD Bach Langheid Dallmayr to form the Legalign Global insurance network.
Reed Smith has confirmed the hire of 17 partners from King & Wood Mallesons in London, Germany and Paris, who bring with them sizeable teams of lawyers, trainees and support staff.
This former Am Law 100 COO says law firms should pause before adopting a new trend reported by Am Law Daily last week of law firms hedging currency to battle fluctuations in exchange rates.
King & Wood Mallesons management told clients this week that the collapse of its legacy SJ Berwin business in the U.K. and Europe was the result of poor leadership and a lack of consensus among European partners, and described how the firm plans to rebuild its operations across the region.
Covington & Burling has secured a $6.31 million contract to represent Ukraine's state-run oil company Naftogaz in an arbitration dispute against the Russian government over its 2014 incursion into Crimea.
Lawyers In For Britain—not to be confused with the pro-Brexit Lawyers For Britain—was initially established by Freshfields Bruckhaus Deringer competition partner John Davies in early 2015.
As the British pound falls, so does the reluctance of many firms to gamble on future exchange rates.
King & Wood Mallesons (KWM) has confirmed the names of 17 partners who have agreed to stay on with the firm in the wake of the administration of its European, UK and Middle East (EUME) business. Seven partners will stay on to maintain a London presence for the firm, as will as a three-partner team in Frankfurt.
King & Wood Mallesons has not lost its foothold in Europe—yet. As the legacy SJ Berwin business heads towards administration, the firm has carved out a deal to retain 30-40 lawyers across Europe. But will the new business regain client trust?
Olswang’s management team saw its combined pay fall by more than a third in 2015-16, as its merger partner CMS Cameron McKenna saw profit available for division among members plunge 18 percent in the same period, according to the firms’ latest filings with Companies House.
Goodwin Procter will take on a 26-lawyer team from King & Wood Mallesons (KWM) in London, with the group hire granted as part of a deal that also saw KWM drop litigation against the Boston-based Am Law 100 firm and corporate partner Richard Lever.
The obstruction of justice charge filed against Volkswagen AG pertains not only to lies by employees to federal regulators, but also to actions by VW's in-house legal team, according to statements attached to the plea agreement.
Reed Smith, Mishcon de Reya and Simmons & Simmons are all set to boost their London offices with partner hires from King & Wood Mallesons’ stricken European business.
A U.K. law firm with private equity backing spent almost a million pounds attempting to buy a rival insurance practice in 2015, accounts have revealed.
Freshfields Bruckhaus Deringer has offered voluntary redundancy to all of its London secretarial staff, in a move that affects roughly 180 individuals.
International usage can lead to problems through data collection, disclosure and more.
As large U.S. firms jockey to stake out a global presence, Smith Gambrell & Russell is expanding its reach with new international offices in the United Kingdom and Germany.
DLA Piper continues to profit from its role advising the administrators on the collapse of British high street retailer BHS, with a leaked document revealing that professional advisors racked up another million pounds in fees in less than six weeks.
Dentons has hired Skadden Arps Slate Meagher & Flom’s co-head of European competition James Venit in Brussels.
In the latest development in Uber Technologies' long-running workers' rights battle in Europe, a Swiss insurance agency has ruled that its drivers are employees for whom the company must pay social security contributions.
In a letter to the Law Society’s governing council, Catherine Dixon said that she “cannot in good faith continue to be CEO of an organization which is not prepared to change.”
International law firms and multinational companies face an uncertain 2017.
A look at the GDPR “tidal wave,” FTC authority clarification and more security and privacy challenges to watch for next year.
King & Wood Mallesons China is in discussions to acquire a team of more than 10 London dispute resolution lawyers, as it bids to retain a small outpost in Europe, the Middle East and Africa, staffed with lawyers from the rapidly disintegrating legacy SJ Berwin business.
With all single-firm acquisitions of the business off the table, it is every person for himself or herself, prompting a scramble of partner exits.
Ashurst partners have voted in favour of overhauling the firm’s profit distribution system in a move that means partners will only receive a single profit payment each year, instead of the current quarterly system.
The global law firm’s innovation arm is helping to launch a variety of new tech solutions in an effort to help mitigate legal pain points.
The United States trails other nations when it comes to attorneys' anti-money laundering requirements.
In early December, U.K. AG Jeremy Wright was in New York, telling top global law firms and their clients not to be overly concerned about Brexit. Despite turmoil and uncertainty created by Brexit, Britain is open for business, he said.
The firm is expected to file for pre-pack administration in January, with numerous partners and teams being acquired by rival firms ahead of this move.
Generic drugmaker Teva Pharmaceutical Industries Ltd. has agreed to pay more than $283 million to resolve criminal charges and fines over bribes to government officials in Russia, Ukraine and Mexico, in violation of the Foreign Corrupt Practices Act.
External investment is fueling rapid growth for at least some of the British law firms that have converted to an alternative business structure, or ABS.
In international arbitration, relevant codified procedural rules are scarce. How, then, does one manage procedures concerning experts in international arbitrations? And what about all of the tactical decisions that would routinely follow from such rules?
Brazilian construction conglomerate Odebrecht SA pleaded guilty to a single charge of conspiracy to violate provisions of the Foreign Corrupt Practices Act in a sweeping deal with U.S. prosecutors and authorities in Brazil and Switzerland.
King & Wood Mallesons' China arm is in talks to take on large teams of lawyers from the firm’s Dubai, Germany, Italy and Spain offices as well as City corporate and litigation teams, with the news coming as former partners have been emailed about potential liabilities they may face relating to the firm’s pending January tax bill.
Rather than being a self-serving lobby or guild, the International Bar Association has become a progressive voice for the profession. Few today think the "A" in ABA stands for admirable. But the "I" in IBA could plausibly stand for inspiring.
The collapse of King & Woods Mallesons Europe shows that the central problem afflicting most troubled law firms remains the same.
KWM partners William Naunton, Cornelius Medvei, Edward Page, Jeremy Brooks, George Burrha and Bryan Pickup are all set to join DLA along with managing associate Omer Maroof, who is to join the firm as a partner.
Existing panel members Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters have all been reappointed alongside Norton Rose Fulbright.
The rise in gross revenue follows a merger with Scotland’s Simpson & Marwick last year, the launch of new offices in Miami and Duesseldorf and further expansion in Australia.
"This isn't the end of the journey," says Eversheds chief executive Bryan Hughes.
The president-elect tapped David Friedman, a bankruptcy lawyer, Israel hawk and founding partner of Kasowitz, Benson, Torres & Friedman.
The pair will combine as Eversheds Sutherland on February 1.
Competition lawyer Stephen Kon, who joined legacy SJ Berwin in 1982, served as EUME senior partner for four and a half years from 2012, during which time he oversaw the merger between legacy SJ Berwin and China/Australia firm King & Wood Mallesons.
The European Union is to make a renewed attempt to wrench euro-denominated clearing business from London to the eurozone in a move that could cost tens of thousands of jobs in the U.K. capital.
Stephen Kon, a former senior partner for King & Wood Mallesons' Europe and Middle East arm, has resigned from the firm. The antitrust lawyer, who joined legacy firm SJ Berwin in 1982, helped oversee its combination with KWM in 2013. In September, Kon left his leadership role at the combined firm in anticipation of his retirement.
Trevor Soames, who previously practiced at Howrey and Shearman & Sterling, joined the litigation powerhouse Tuesday. The antitrust lawyer had started his own boutique in November.
When Chinese-Australian giant KWM joined forces with the U.K.'s SJ Berwin, the firm was hailed as a global pioneer. Just three years later, the verein's European arm is on the brink of collapse.
The turmoil in the European arm of King & Wood Mallesons has not affected the firm’s operations in Asia, where some consider it one of the best and most internationalized firms in China.
The U.K. government has appealed a landmark High Court ruling that parliament must be allowed to vote on the triggering of Article 50, which starts a two-year deadline for a European Union member to complete its withdrawal from the political bloc.
Legal technology providers are leveraging automation to help global organizations bring their data storage and organization processes in line with Privacy Shield and GDPR regulations.
A leaked document produced by Magic Circle law firms Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters has revealed that the U.K. finance industry wants the British government to allow it to remain subject to European Union laws for up to five years after Brexit.
The situation at King & Wood Mallesons is coming to a head. Sources at the firm say that its beleaguered European arm is heading for a pre-packaged administration, the U.K. equivalent of bankruptcy, with negotiations already at an advanced stage. An announcement should occur in the second half of next week.
The U.K.’s first publicly traded law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year.
Mark Hastings, head of civil fraud at British firm Addleshaw Goddard, is leaving the firm to become a partner in the disputes practice at Quinn Emanuel Urquhart & Sullivan in London.
Former Shearman & Sterling private equity partner partner Mark Soundy and tax partner Sarah Priestley have resurfaced at Goodwin Procter. Soundy is joining the Boston-based firm next week, with Priestley poised to join him at Goodwin Procter in January.
Eight significant developments in the past year, and what the future might hold.
ABN calls the move "a normal periodic review," while NIBC says it aims "to use a more select group of law firms to improve efficiency, speed and quality for both ourselves and our clients.”
Why King & Wood Mallesons is bad news for verein advocates.
A look at the rationale behind the proposed tie-up between U.K.-based Eversheds and Atlanta-based Sutherland.
News of no fewer than three transatlantic mergers broke on Tuesday. Eversheds and Holman Fenwick Willan both ended their long-running search for a U.S. combination, while Dentons emerged as a possible savior for the struggling European arm of King & Wood Mallesons.
Among all the excitement of transatlantic law firm mergers and the ongoing saga at King & Wood Mallesons, news that Allen & Overy’s revenue increased by an impressive 13 percent in the first six months of the fiscal year got somewhat lost in the mix.
Jasper Helder, the chair of Baker & McKenzie's Europe, Middle East and Americas international trade practice group, has joined Akin Gump Strauss Hauer & Feld's London office.
Houston's Legge, Farrow, Kimmitt, McGrath & Brown has agreed to merge with London-based Holman Fenwick Willan, one of the U.K.'s 30 largest law firms by revenue.
Lawyers for Russia’s state-controlled oil giant Rosneft manipulated court rulings in order to help it seize hundreds of millions of dollars in assets belonging to the now-defunct private oil major Yukos, the Financial Times reports.
Dentons has emerged as a potential merger partner for the beleaguered European arm of King & Wood Mallesons.
Atlanta-based Sutherland Asbill & Brennan is in talks to combine with Eversheds, one of the U.K.'s largest firms, the two firms announced Tuesday.
Uber Technologies Inc. has chosen Cani Fernández, an attorney with experience in antitrust, mergers and acquisitions and European Union affairs at Cuatrecasas, Goncalves Pereira, to argue on its behalf in a European Court of Justice hearing that could determine how Uber should be regulated within the European Union.
The combination, which will go live on June 1 next year, will boost Addleshaws’ revenue by more than 20 million pounds and bring the firm new offices in Edinburgh, Glasgow and Aberdeen.
The head of the U.K.’s central bank is working on a secret deal that would see British businesses retain access to the European single market for at least two years after the country leaves the EU, according to The Sunday Times.
Accountants, partnership experts and restructuring lawyers weigh in on KWM Europe's options.
The Chinese online travel agency is buying the U.K. competitor to boost global offering.
A Pennsylvania federal judge declined to uproot a judgment against an in-state greenhouse stemming from a Dutch bulb grower's lawsuit filed in the Netherlands.
News that KWM's embattled European arm had failed to secure enough support to recapitalize the business has left former partners and others close to the firm reeling. Just 21 of the EUME partnership’s 130 partners agreed to sign up to the bailout
Watching events unfold at King & Wood Mallesons’ European arm over the past few months has felt like watching a car crash in slow motion.
The legal battle over workers' rights in the so-called "gig economy" continues to intensify, with the first of four disputes relating to the employment status of bicycle couriers due to begin Tuesday.
New York's highest court ruled Nov. 22 that the state's long-arm statute gives its courts jurisdiction to hear a Saudi businessman's claim that a Swiss bank with accounts in the state should be held liable for a bribery, kickback and money laundering scheme involving some of his former employees.
Partners would receive a single profit payment each year, instead of the current quarterly system. A vote is scheduled for next month.
A leading expert in partnership law has dismissed the possibility of partners at King & Wood Mallesons’ European arm having to repay two years’ worth of profits if they refuse the offer of a financial bailout from the firm’s Chinese partnership.
A federal appeals court swiftly rejected a bid for a new trial by convicted Russian arms trafficker Viktor Bout.
European partners at King & Wood Mallesons could have two years of profits clawed back if they choose to reject a rescue deal offered by the firm’s Asian arm.
Baker & McKenzie's Paul Rawlinson is leading a firm known for cross-border dealmaking as protectionist rhetoric threatens to scuttle international cooperation and trade.
On Friday the English Court of Appeal issued a landmark ruling affecting litigation funders who financed an unsuccessful $1.6 billion case against two U.S. oil companies. The court ruled that the funders, under the U.K.’s “loser pays” rule, could be forced to pay more than $24.7 million in legal costs for defendants in the case.
The initiative aims to develop ideas to modernize the firm’s business.
Though leadership shake ups in the U.K. and U.S. have generated uncertainty about blockchain regulation, many global powers are still showing interest in the technology.
A new arbitration center in the British Virgin Islands has formally opened for business. And some high-profile figures in the arbitration world are getting behind the effort.
Current regulations and legal obstacles may pose challenges for Russian promoters and developers of cryptocurrencies and other blockchain applications.
With 1,000 lawyers and combined revenues of around $1 billion, the newly mergered firm will have the “firepower to further invest” in its international offices, according to Kaye Scholer managing partner Michael Solow.
The London-based firm combines with 12-partner boutique JS Partners under a Swiss verein structure.
MJ Hudson, founded in 2010 by private equity lawyer Matthew Hudson with financing from several external investors, has bought investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital for undisclosed fees.
Unusually, this latest law firm combination lacks much of an international angle. But post-merger, the combined firm will have one of the largest London offices of any U.S. firm.
Debra Valentine, head of mining giant Rio Tinto's legal and regulatory affairs, has suddenly left the company amid an investigation into $10.5 million paid to a consultant in West Africa. Valentine had previously announced plans to retire next May.
At a meeting in London last week, King & Wood Mallesons' European and Middle Eastern partners were told that the firm's Asian offices are willing to offer financial assistance to the troubled European partnership, conditional on a lock-in and a capital raising of 14 million pounds sterling.
The hunt for a successor to Stuart Fuller, who will return to practice in Sydney, begins as European partners prepare for a key meeting on firm's finances.
Lawyers express shock, uncertainty: "This dwarfs Brexit."
Dentons has re-elected corporate partner Tomasz Dabrowski as its Europe chief executive, as the firm gears up for yet more expansion throughout the continent.
Addleshaw Goddard has brought arbitration proceedings against its former head of real estate Mark Haywood.
Kirkland & Ellis finance partner John Markland and White & Case private equity partner Ross Allardice are joining the U.S. firm’s City base.
The Magic Circle is making progress in New York. But the most lucrative deal work still eludes them.
King & Wood Mallesons has held talks with Morgan, Lewis & Bockius about a global tie-up, a source briefed on the matter told London-based Legal Week.
King & Wood Mallesons' new European management team is holding discussions with the firm’s Chinese leadership to work out a way forward for its European arm, which is under pressure following a series of high profile partner exits.
Facebook denied insurance company Admiral’s plan to scan potential customers’ posts on the social network to gather information used in setting their individual prices.
The new measures are intended to increase the flexibility of the firm's lockstep, without going as far as introducing "super points" to reward star performers.
A historic legal challenge over whether U.K. prime minister Theresa May has the power to start the country’s withdrawal from the European Union has succeeded, with a British court ruling that the process must now be subject to a parliamentary vote.
These Big Law vet angel funders at Hamilton Ramsey may be a new fixture in the legal tech investment market.
U.K. drivers for mobile cab-hailing app company Uber have won the right to be classed as workers rather than self-employed after succeeding in a landmark legal challenge.
Mexico City-based electronic money transfer company Intra Mexicana, which operates under the brand name Dinero Express, increased its asset-backed loan program to $421 million, which includes an offering of $184.2 million in public bonds on the Mexican exchange.
U.S. firms have been systematically poaching partners from U.K. rivals for decades. But their dominance of the London recruitment market now appears almost absolute.
The ink has barely dried on the three-way merger agreement between U.K. law firms CMS Cameron McKenna, Nabarro and Olswang but rumors are already circulating that an American firm may be joining the party.
A historic legal challenge designed to block Britain’s exit from the European Union has failed after a U.K. court rejected it as “not viable.”
A digital rights advocacy and lobbying group has launched a legal challenge against new regulation governing the transfer of personal data between the United States and the European Union.
Less than two weeks after acting on the cancelled initial public offering of the U.K.’s largest private gym chain, capital markets lawyers at Freshfields Bruckhaus Deringer have once again seen their work go to waste with software company Misys pulling its $5.5 billion IPO.
The firm confirmed the resignation of U.K. investments funds head Michael Halford, private equity partner Jonathan Pittal and corporate partner Andrew Wingfield. Former managing partner Rob Day has also indicated his intention to resign from the beleaguered firm, which has seen a spate of exits over the last 18 months
The Second Circuit said that Baker & Hostetler partner John Moscow's nine-month representation in 2008 of investment advisory firm Hermitage, a putative victim of a $230 million fraud on the Russian Treasury, disqualified the firm from defending the Prevezon real estate companies, accused of laundering the fraud's proceeds, on a civil forfeiture action.
Dentons Europe LLP is the target of a negligence suit filed by more than 200 plaintiffs seeking to recoup investments they made in a gold-trading scheme whose owners were advised by legacy Salans.
Gateley partners have cashed in after collectively selling more than 5 percent of the firm’s total issued capital, with five members of Gateley’s strategic board pocketing more than $366,000 each.
The e-discovery managed services firm noted that it will take a "wait-and-see" attitude to opening an additional center outside of the U.K., given the country's impending Brexit.
Already a regional power in public international law, Foley Hoag has launched a United Nations practice group, thought to be the first of its kind at an Am Law 200 firm.
Addleshaw Goddard is set to restart its salary reviews and partner profit distributions after delaying both in August as a result of the U.K.’s decision to leave the European Union.
As chatbots pick up steam in legal, University of Cambridge's LawBot can communicate legal information in everyday language.
King & Wood Mallesons is suing former co-head of corporate Richard Lever and his new firm Goodwin Procter, following a series of partner moves to the US firm.
Global 100 data, which provides financial and headcount information on the world’s largest law firms, shows clear tradeoffs to global networks. International firms are less efficient revenue generators than their domestic peers. They are also significantly less profitable.
The firm's European arm has laid out plans to pay all outstanding profit distributions owed to partners for the 2014-15 financial year by May 2017.
Recent media reports regarding a potential multibillion-dollar settlement between the U.S. Department of Justice and Deutsche Bank have breathed new life into the debate regarding whether major financial institutions can be 'too big to jail.'
Of all her clients, Amal Clooney has represented one nearly as famous as she is: WikiLeaks founder Julian Assange. But apparently no more. When asked by The Lit Daily about Assange’s lawyers and Clooney’s current role, the WikiLeaks press office responded by identifying nine members of his legal team. Notably absent: Clooney.
In "East West Street," Philippe Sands weaves the stories of three lawyers who passed through Lviv into a grand history of international criminal law culminating at Nuremberg, then folds it into a family mystery-cum-memoir of the Holocaust.
In a lawsuit challenging the U.K. prime minister's right to initiate the country's withdrawal from the European Union, a goverment lawyer said Tuesday it was “very likely” that Parliament would be able to vote on the Brexit process. But a lawyer representing the plaintiffs says that's not enough.
Qualcomm Inc. has expanded its patent infringement actions against Chinese smartphone maker Meizu Technology Co. by filing actions in the United States, Germany and France. The San Diego, California-based company was left with "no choice" but to initiate these legal proceedings, according to Qualcomm's general counsel.
Almost exactly a year after establishing its first presence outside the Americas with a German merger, Littler Mendelson has expanded its European footprint by combining with 170-lawyer French firm Fromont Briens.
Eleanor Lacey will be leaving SurveyMonkey next month to assume the role of senior vice president and general counsel for global security company Sophos.
Energy company acquisitions dominated the billion-dollar transactional tables last week and a big deal announced over the weekend—one specifically structured to avoid Western sanctions—has yielded roles for a half-dozen firms from the U.K. and India.
Continental Breakfast: your daily update on what’s happening in Europe.
CMS has confirmed that the current leaders of CMS Cameron McKenna will retain their titles when the merger with Nabarro and Olswang goes live next year. Meanwhile, partners within CMS said that unlike their counterparts at Nabarro and Olswang, they will not be locked into the firm as a result of the union.
Lloyds Banking Group has finalized its U.K. legal panel review, with DLA Piper and Norton Rose Fulbright losing their places on the roster.
Lawyering by Clifford Chance and Freshfields Bruckhaus Deringer came to naught as the U.K.'s largest private gym chain canceled its planned IPO due to concerns over market volatility.
A group of Slater and Gordon shareholders have launched a class action against the Australian personal injury law firm following a catastrophic U.K. acquisition that led to its share price crashing 95 percent in less than a year.
Serving on international ADR panels is nice work if you can get it. But those selected as arbitrators are almost always men, predominantly white and disproportionately from wealthy nations.
Paul Hastings and Gibson Dunn see two purported recruits remain at a London-based legal giant; a bevy of moves at Chadbourne & Parke, Jones Day and Quinn Emanuel; Munger Tolles makes two high-profile hires; and other notable additions from throughout The Am Law 200.
On Sept. 30, a Washington, D.C., federal court stayed U.S. confirmation proceedings pending the claimants’ appeals in the Dutch courts, which in the first instance vacated the $50 billion awards rendered by international arbitrators against Russia for seizing OAO Yukos Oil Co. from its controlling shareholders.
The deal will create a firm with more than 4,500 lawyers in 36 countries, with global revenues of more than 1.2 billion pounds.
'Australians take no prisoners': Partners react to the new leadership choice.
A new antitrust law is likely to provide plenty of work for the only two Am Law 200 firms with offices in Tel Aviv.
Tom Wilkinson earned an Oscar nomination portraying a corporate litigator in the midst of a nervous breakdown in “Michael Clayton,” the 2007 George Clooney film about fixers, liars and other ugly fictional players in the legal profession.
Global and European M&A deal volumes fell to their lowest levels for three years during the third quarter of 2016, following Britain’s vote to leave the European Union this past June.
Partners have been given until Monday to decide whether to commit to the proposed merger with CMS and Nabarro, Legal Week has learned.
The vote will end months of discussion within the firm about changes to the compensation system.
Regulatory partner James Perry is to stay at Ashurst despite previously handing in his notice to join Gibson, Dunn & Crutcher.
King & Wood Mallesons has elected global corporate, M&A and securities co-head Tim Bednall to be its new European managing partner.
When foreign states engage in commercial transactions in the United States, they are subject to the limitations on their sovereign immunity set out in the Foreign Sovereign Immunities Act. How have courts dealt with the most frequently invoked commercial activity exceptions?
When a group of European general counsel wanted to learn more about technology and the law, they went to the most obvious place: Silicon Valley.
Gregory Markel and Shane Stroud left Cadwalader, Wickersham & Taft on Monday for Seyfarth Shaw and Hughes Hubbard & Reed, as their former firm inked an alliance with French restructuring firm Bremond & Associés.
American law firms continue to spread all over the world, but some markets are more appealing than others. A look at the hot spots (and the not-so-hot spots).
Sometimes litigation slips into self-parody. We may have just reached that point in the Yukos case, with Russia’s “reply to opposition to motion re motion for leave to file a sur-reply in opposition to petitioners’ motion to stay.”
Mixed messages from France over whether the country wants Britain to be part of the European Union.
CMS, Olswang and Nabarro are weighing up a three-way deal that could create a firm with revenues of more than $1 billion.
Simmons & Simmons, Linklaters and Herbert Smith Freehills are among 20 law firms supporting an investigation into the legality of the U.K. retaining membership in the Unified Patent Court (UPC) after the U.K. leaves the European Union.
As business disputes grow in size and complexity, would a specialized court with judges who are experts in the matters, and who could speed up rulings and appeals, be a good idea in the United States? That was among the topics at a discussion given last week by The Hon. Mr. Justice Blair at the Times Square offices of Brown Rudnick.
As business disputes grow in size and complexity, would a specialized court with judges who are experts in the matters, and who could speed up rulings and appeals, be a good idea in the United States? That was among the topics at a discussion given last week by The Hon. Mr. Justice Blair at the Times Square offices of Brown Rudnick.
The American Lawyer’s latest Global 100 survey, which was published this week, doesn’t make pretty reading for firms based on the eastern side of the Atlantic.
When foreign plaintiffs requested copies of all the documents—20 million pages—that Volkswagen has produced as part of multi-district litigation in San Francisco federal court, my initial reaction was 'Sure, hand ‘em over.' Except it's not that simple.
If a law firm bills in any currency other than dollars—which nearly every Global 100 law firm does—those billings are exposed to risks created by currency fluctuation. What does that mean for the firm's bottom line?
The American Lawyer honors the most important and creative cross-border work of the year in citizenship/pro bono, disputes, finance and mergers and acquisitions.
In a rare exit for the U.K. firm, Macfarlanes financial services head David Berman in London is leaving for Quinn Emanuel Urquhart & Sullivan.
International firm leaders are adjusting expectations and taking a more nuanced approach to global expansion.
The U.K.'s proposed departure from the EU is already shaking up the British legal market.
American law firms have established themselves all over the globe, but some markets are more vibrant than others, our data shows.
Sports and culture have become typical devices for lawyers to endear themselves to clients. But what about the globe-trotting lawyer whose social interactions with clients center mainly around food? Sometimes, unfamiliar food.
Baker & McKenzie is number one again, and the Magic Circle is rising in the Acritas Global Brand Index.
Ireland's favorable tax environment has long been a boon for its biggest law firms. That might be changing.
Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound.
After being somewhat of a Big Law wasteland in recent years, Moscow has regained some lost luster, as Baker Botts and Quinn Emanuel Urquhart & Sullivan both announced senior hires in the city this week.
The U.K.'s first publicly listed law firm has continued its post-IPO expansion, acquiring property consultancy Hamer Associates for $2.68 million.
Simpson Thacher & Bartlett and Latham & Watkins are said to be advising the German financial services giant as it copes with a reported $14 billion demand by U.S. regulators to pay for its role in the 2008 financial crisis.
The growth of international arbitration has lured the former global general counsel of PwC, Javier Rubinstein, back into private practice.
Ashurst has seen the departure of four more partners, including London banking heavyweight Nigel Ward and former Hong Kong managing partner Lina Lee.
A&O is now out to prove that the hire of the team, some of whom it broke lockstep for, will be a turning point for the firm in the US and its global finance practice as it gives them more firepower to tackle foreign finance deals under New York law.
Slaughter and May has been working with new tech company Luminance to help it develop artificial intelligence software designed to speed up the due diligence process.
About a half-dozen firms—including a new antitrust team at Paul Weiss—are advising on Bayer AG's proposed $66 billion acquisition of agribusiness giant Monsanto Co. The deal, if approved by regulators, would be the largest all-cash transaction in history.
In his Corporate Securities column, John C. Coffee Jr. of Columbia Law School discusses the spread of "entrepreneurial litigation" to Europe, where major securities class actions have recently settled, and he writes that the most striking fact about those actions is the key organizational role in structuring them played by traditional American plaintiff law firms.
As part of a partnership announced Tuesday between Dechert and American International Group Inc., the firm will provide a free initial consultation to all AIG CorporateGuard clients regarding the impact of the United Kingdom’s departure from the European Union.
Norton Rose Fulbright, continuing its five-year expansion across Canada, will combine with Vancouver-based Bull, Housser & Tupper, both firms announced Monday.
Continental Breakfast: Your Daily Update on What’s Happening in Europe.
Dechert is planning to offer free legal advice to an entire segment of AIG policyholders on the impact of Brexit.
The U.S. Department of Justice has announced its first guilty plea in its probe of Volkswagen's scheme to cheat U.S. emissions tests.
There was good and not so good legal news this week for Cisco Systems Inc.
The London-based legal giant is advising Hewlett-Packard on the sale of its software business and CVC Capital Partners on the sale of Formula One racing.
The moves, if they take place, would leave just two partners in Shearman's Brussels office.
Continental Breakfast: Your Daily Update on What's Happening in Europe.
As KWM's European partnership prepares to vote in replacements for William Boss and Stephen Kon, Legal Week takes a look at some of their likely successors.
Continental Breakfast: Your daily update on what’s happening in Europe.
Total revenue for the 50 highest-grossing British firms rose 4.5 percent. Translating that increase into bottom-line gains proved more difficult.
Apple Inc. general counsel Bruce Sewell has joined the company's chief executive in speaking out against the European Commission's demand that Apple pay a staggering bill for back taxes of $14.5 billion.
The global firm announced this week the launch of a risk assessment tool and information hub for clients to identify potential regulatory concerns arising from the Brexit vote.
Stephen Kon will remain at the firm as a partner; his replacement will be in position by late October
London-based Mischon de Reya, which opened a New York office in 2010, is poised to halve the size of its partnership in the Big Apple. The decision comes after a review of the firm’s business.
Partners in continental Europe affiliated with Dentons are being asked to pay up to $7.8 million in extra capital to the global legal giant.
When you're the head of a company with a market cap that's bigger than the GDP of Sweden, perhaps you don't need to worry about being diplomatic.
Dallas-based Haynes and Boone merged today with Curtis Davis Garrard of London, giving the firm a London office and 20 lawyers.
AstraZeneca agreed Tuesday to pay $5.5 million in penalties and interest to settle claims that it violated the Foreign Corrupt Practices Act through improper payments to health care providers in China and Russia.
Gateley, a British firm that last year raised $45 million in a landmark initial public offering, saw its gross revenue rise 11 percent in 2015-16, according to financial figures released by the firm.
Four years after helping Frank McCourt Jr. sell Major League Baseball's Los Angeles Dodgers for a record-setting sum, Sullivan & Cromwell has been hired by the real estate developer to advise on his roughly $45 million buy of historic French soccer team Olympique de Marseille.
The launch of ACEDS's first international chapter comes as the organization eyes expansion across Canada and the APAC region.
British firm Clyde & Co has had surprising success in the U.S. legal market.
New rules would force online services such as Google News and Yahoo News to negotiate deals with news organizations for showing their articles.
London corporate partner Jessica Adam is this week’s Dealmaker, having acted for the chairman of London energy reporting agency Argus on the sale of a majority stake to US investor General Atlantic earlier this year.
Continental Breakfast: Your Daily Dispatch from Europe
Merger talks between Hunton & Williams and British firm Addleshaw Goddard have slowed following the U.K.'s June vote to leave the European Union.
Merger talks between Hunton & Williams and British firm Addleshaw Goddard have stalled following the U.K.'s June vote to leave the European Union.
"People will continue to litigate in London," says practice leader Deborah Finkler.
Despite uncertainty in key international markets, the firm saw an 8 percent revenue rise in 2015-16, as profits per equity partner surged 13 percent.
Continental Breakfast: Your Daily Dispatch from Europe