Eight significant developments in the past year, and what the future might hold.
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
Talk about a gutsy move. Eric Ben-Artzi, a former risk officer at Deutsche Bank, has rejected a $8.25 million whistleblower award from the SEC's treatment of the bank and its "revolving door" with Wall Street.
Partners have still taken monthly drawings, but the U.K. firm has held back the quarterly profits payment which was due in August.
Under a proposal from HM Revenue & Customs, advisers whose tax avoidance schemes are defeated in court may have to pay fines of up to 100 percent of the tax avoided.
Tom Crone, the head of legal affairs for the now-defunct News of the World tabloid during its phone-hacking scandal, has been cleared of professional misconduct in England.
Mishcon de Reya has a lead role on a new police initiative in London to recover assets stolen by online fraudsters.
Accounts filed at Companies House this week show that operating profit for the firm's U.K. and Africa LLP rose nearly 50 percent in 2015.
The vast majority of partners in the U.K. expect to see law firm layoffs in the wake of the vote to leave the European Union, while over half say their firms will cut back on recruitment, according to new research by sibling publication Legal Week.
In this video, Giles Murphy, head of professional practices at Smith & Williamson, talks with Legal Week about the insight that can be gained on the financial performance of the U.K.’s largest law firms, based on a closer analysis of the information in their LLP accounts.
King & Wood Mallesons has held off on paying out profit distributions to its partners once again, following a recent vote to recapitalize the firm, which has its operations predominantly in Asia and Europe.
Our sibling publication Legal Week digs into the financials of the 47 LLPs within the U.K. Top 50: Revenue, profit, borrowing and staff costs.
For the second time this summer, a British football club has been sold to Chinese investors. King & Wood Mallesons (KWM) is advising on the most recent deal: the sale of West Bromwich Albion Football Club to the Chinese investment group Yunyi Guokai Sports Development.
The United Kingdom's Serious Fraud Office announced Monday that it has opened a criminal investigation into possible fraud, bribery and corruption in the company's civil aviation business, which is based in France.
The U.S. litigation firm has hired Robert Amaee from Covington & Burling to launch a new practice next month.
In today's Continental Breakfast, the Bank of England tries to stave off a post-Brexit recession, and the Magic Circle continues its belated assault on the U.S. market.
King & Wood Mallesons is taking steps to rebuild its Paris corporate practice, having hired senior associate Guilain Hippolyte from White & Case, The Am Law Daily has learned.
Ruling in a wide-ranging investigation into a 2008 global tax scandal involving a financial institution owned by the royal family of Liechtenstein, the Second Circuit said Steven Greenfield's Fifth Amendment right against self incrimination would be violated by enforcement of an IRS summons.
U.S. attorneys have spent years arguing over whether law firms should be permitted to have nonlawyer owners. But in the U.K., some law firms are welcoming outside investment.
Law firms are likely to benefit from the United Kingdom's decision to leave the European Unon, according to the main lobby group for the U.K.'s financial services industry.
Partners have voted to extend the firm's lockstep and introduce a bonus pool in an attempt to better attract and retain top talent.
In the aftermath of a failed coup in Turkey, four lawyers at Yuksel Karkın Kucuk were taken into custody, then released.
DLA Piper's former Turkish arm, Yuksel Karkın Kucuk (YKK), was raided by the police, and lawyers were taken into custody in the aftermath of the failed coup in Turkey, according to local press reports.
The auto maker argues that the case does not belong in an American court.
While the regulation streamlines e-signature processes, lawyers will still have to navigate technical challenges and national laws.
The acquisition is Mitratech’s fifth in 12 months and second in the governance, risk and compliance space.
Rare partner exit for Slaughters as Sanjev Warna-kula-suriya becomes latest recruit in Latham hiring spree.
Rights holders should still consider the possible impacts that the U.K.'s departure will have on their patents, trademarks, designs and copyrights.
Brexit may be good news for such European cities as Frankfurt and Paris. But don't write off London.
British housing prices are still up, but so is the stock market.
A 3 billion euro fine against Europe's truck cartel doubles the old record. But civil damages are what really terrify the truck industry.
Imraan Patel leaves Orange Group to become GC for the fast growing Euro Garages.
Let's take a another look at the new and wonderful ways in which Brexit is making our lives better.
General counsel have become significantly more involved at top levels of their organizations during the past five years, a new study says.
Months after Dutch telecom giant VimpelCom agreed to settle bribery charges with regulators both at home and abroad, the company hired a new chief compliance officer, J. Daniel Chapman.
Four months after reporting record annual earnings, U.K.-based litigation funder Burford Capital LLC once again announced that it has topped last year's first-half earnings and new investments by wide margins in early 2016. Simpson Thacher is one firm benefiting from Burford's largesse.
The number of women promoted to partner at the U.K.'s top 10 law firms fell by more than 25 percent this year, as law firms continue to struggle with the challenges of nurturing a strong pipeline of female legal talent.
A parliamentary report claims that Linklaters and Olswang only carried out “cursory” checks into BHS buyer Dominic Chappell. The company entered administration less than a year after the deal.
That London-based Olswang is in merger talks with another law firm is not surprising. Pan-European giant CMS doesn’t seem an immediately obvious partner, however.
Brexit's effects will vary. Expect delays for the Unitary Patent and the Unified Patent Court. Other IP protection mechanisms may be less affected.
Aaron Stewart previously led a team of 27 lawyers in Houston, Belfast and India, supporting British Telecom on commercial transactions.
Corporate partners Thomas Dormer and Tim Heitling and two senior associates will start on August 1.
Lawyers hoping to sue Volkswagen in Europe face a host of challenges.
The first of several potential Brexit-related disputes enters court today. The claim, brought on behalf of London-based hairdresser Deir Dos Santos, seeks a judicial review of how Article 50—the procedure by which a member state leaves the EU—can be triggered.
A new database from Stanford Law School offers unique insight on Foreign Corrupt Practices Act settlements.
The global law firm is representing Facebook Inc. in its dispute with the IRS over the value of assets the company transferred to its Irish holding company.
German computer software company Bitmanagement Software is suing for the U.S. government for $596 million, accusing the U.S. Navy of installing hundreds of thousands of unlicensed copies of Bitmanagement's virtual reality software.
Just five years ago, Turkey's economy was booming, enticing a handful of international law firms to open offices in the country. But with a failed military coup July 15, the future of those firms remains unclear.
Eric Dratell, general counsel and head of legal and corporate affairs of Risk Management Solutions, was having dinner with his wife at the end of a vacation in Nice, France when the attacker struck.
A Delaware federal judge has allowed a contractual suit against a German airplane-parts manufacturer to proceed, finding the court maintained personal jurisdiction over the company under Delaware's long-arm statute.
In the wake of last month's Brexit vote, and in preparation for the United Kingdom's exit from the European Union, some large Pennsylvania firms are looking to expand operations in Germany.
Justice Clarence Thomas departed from Nice, France just hours before the truck attack that killed more than 80 people gathered for a Bastille Day celebration.
All winners will be honored at the Global Legal Awards dinner on Sept. 26, 2016, at Gotham Hall in New York City, where we will also reveal the four grand prizes.
Eversheds will launch its consulting business in Dublin to take advantage of Ireland’s continued EU membership.
The Brexit referendum result seems to have heralded a new era in which literally anything is possible.
Microsoft and other U.S.-based internet service providers won a major victory when the Second Circuit found that the company is not required to comply with a U.S. warrant for customer emails stored on a server in Ireland.
A New York judge has ruled that the Royal Bank of Scotland didn't breach its agreement with investors when it forced the club's sale to a Boston Red Sox owner.
The European Union is not doing enough to safeguard personal data and privacy rights in trade agreements, a new study warns.
Matthew Cahill, a former structured finance and capital markets partner at Sidley Austin in London, will stand trial in September 2017 for tax fraud charges filed against him earlier this year.
King & Wood Mallesons litigation partner Greg Lascelles will follow his former practice head to U.S. firm Covington & Burling’s London office.
Half of the United Kingdom’s 50 largest law firms by revenue have now announced their results for the last fiscal year. It’s been another tough 12 months, with topline growth particularly hard to come by.
Andrea Leadsom said that having children made her more fit to be Britain's prime minister than childless Theresa May. To call Leadsom’s remarks retro and smug would be kind, the Careerist writes.
Theresa May’s speedy appointment as PM makes for a refreshing change from the infighting, navel gazing and general lack of productive activity that has characterized British politics since the Brexit referendum result on June 24.
Clydes launches an insurance-focused office in Dusseldorf with a team from Noerr.
Tainted testimony compelled in London tarnished the trial of the first two people convicted in the United States of manipulating a benchmark interest rate, lawyers for the defendants told a federal appeals court.
More firms opt to fund lawyers to join the Irish roll in a bid to save EU audience rights.
As most large U.K. firms unveiled financial figures for their 2015-16 fiscal years, Clifford Chance topped the list in gross revenue while Freshfields reigned supreme in profits per equity partner.
The agreement's approval comes after final negotiations concluded on the eve of the Brexit vote.
Continental Breakfast returns after a week away. It’s been a ridiculously eventful seven days. Now that Britain has actually voted to leave the European Union, it seems that those who orchestrated the unprecedented situation now want nothing to do with it.
The case, which promises to be the largest yet under the U.K.'s retooled competition law, marks the largest non-U.S. investment by Chicago-based litigation funder Gerchen Keller Capital LLC.
The U.S. Department of Justice is asking for a court order forcing Facebook Inc. to provide information to the IRS related to its transfer of many of its global assets to its Irish holding company.
After $2 billion in bankruptcy fees, Nortel approaches a dubious record.
The court ruled the Belgian Privacy Commission cannot stop Facebook from tracking non-Facebook users that visit its pages.
King & Wood Mallesons has continued to lose partners in London, with former European finance chief Jeremy Cross the latest to emerge at another firm.
The Supreme Court's ruling further limits the ability to seek redress for wrongs occurring abroad.
After managing the patent system for the United Nations, James Pooley goes back to Big Law to help clients with trade secret cases.
The alternative legal services industry is providing both competition and opportunity for British law firms.
When Berwin Leighton Paiser launched Lawyers on Demand in 2007, it was the only British firm to offer a flexible staffing service. That's no longer true.
The law firms with roles in the largest recent M&A deals across Europe.
While industry slept, the European Union blew up its investor-state arbitration system. Will a new court replace it?
The EU insists that member states must discard the nearly 200 investment treaties between EU nations. But what comes next?
Haynes and Boone announced Thursday that it plans to merge with Curtis Davis Garrard, a 20-lawyer London firm with clients in the shipbuilding and offshore oil and gas industries that handles both transactional work and litigation.
On the heels of the U.K.’s vote to leave the European Union, two corporate partners are leaving Latham & Watkins, including the latter’s Frankfurt office leader, to open a new outpost for Gibson, Dunn & Crutcher.
Five months after bolting on Finnish firm Peltonen LMR, global legal giant DLA Piper has expanded again in Scandinavia, as it prepares to absorb Swedish shop Grönberg.
A federal judge has thrown out a human rights lawsuit against Fethullah Gülen, an exiled Turkish cleric and head of a of multibillion-dollar network of businesses and nongovernmental organizations.
The British pound remains depressed, causing potential headaches for U.S. firms that pay London partners in dollars.
The specter of competition among international regulators makes it essential for these entities to develop and pursue a coordinated strategy for all such matters.
Irish law firms could be poised to pick up additional work after last week’s U.K. vote to exit the European Union. That will leave Ireland as the only remaining English-speaking country with a common law tradition in the Eurozone.
When the jury foreman says “Not guilty,” that’s a defense win. When the judge dismisses a case on summary judgment, that’s a defense win. When your client agrees to a $14.7 billion settlement? For Sullivan & Cromwell and Volkswagen AG, yes, that’s a defense win too.
France’s Gide Loyrette Nouel will close its office in Hong Kong and launch a "best friends" relationship with local firm Howse Williams Bowers.
American firms have more lawyers in the United Kingdom than anywhere else in Europe, according to the NLJ 500 lawyer head count survey. Will that be true post-Brexit?
Given the late stages of Privacy Shield negotiations, and the long process of a Brexit, experts see little change to data privacy and transfer laws until Britain leaves.
U.S. firms on the NLJ 500, the National Law Journal's head count survey, have a total of 14,300 lawyers working in Europe.
The United Kingdom’s Brexit vote won’t disrupt current patent practice in Europe, practitioners say, but it will surely cause further delays—and possibly even kill—plans for a unified European patent court.
Its growth strategy raises eyebrows, but no one denies the firm's bold and risky vision.
Dechert, Arnold & Porter and Paul Hastings lead the pack in non-U.S. pro bono.
New data on law firm mergers this year shows fewer international deals and a slowdown in major combinations.
While Brexit may end up casting a shadow over cross-border M&A activity, a number of timely billion-dollar tie-ups were announced amid the U.K.’s decision to leave the European Union.
The U.K.'s vote to leave the European Union on Friday sent global markets tumbling. But what does a Brexit mean to global law firms?
While the ultimate impact of the UK's exit from the European Union remains unclear, attorneys are beginning to wade through the regulatory challenges that come in Brexit's wake
As top transactional lawyers sought to calm nervous clients Friday after Britain's vote to leave the EU, several said that they were bracing for the possibility of a two-year drought in their most highly leveraged, profitable business: advising on cross-border M&A deals.
The U.K.’s historic vote to leave the European Union came among one of the busiest lateral hiring sprees by U.S. law firms in London, but that growth may be put to the test as clients themselves ponder exiting the market.
Clifford Chance senior partner Malcom Sweeting and others weigh in as Brexit sends shock waves to global stock and foreign exchange markets.
Crowell & Moring has reshuffled its operations in Cairo, where economic turmoil and political unrest has unsettled the Egyptian outposts of other large firms in recent years.
The two Magic Circle firms have set up operations rooms in preparation for potential fallout from the U.K.’s referendum Thursday on membership of the European Union.
Second consecutive record-breaking year for the U.K. firm as revenue and PEP increase by 9 and 1.5 percent, respectively
Mikhail Khodorkovsky and his friends once paid the Russian state roughly half a billion dollars for Yukos Oil Co., which was publicly valued at $6 billion in 1997. Russia then took back those assets. The controlling shareholders have fought Russia in arbitration ever since.
The Shenzhen-based technology company is leading a consortium to buy an 84.3 percent stake in game developer Supercell from Japan’s SoftBank and the game maker’s employees. The deal, Tencent’s largest-ever acquisition, values Supercell at $10.2 billion.
The firm's E.U. trade co-head Miriam Gonzalez gives her view from inside a U.S. firm on how firms should prepare for Brexit.
The Big Four accounting firms are continuing to invest heavily in their legal services arms, expanding their presence in the Americas even as their footprint grows in the United Kingdom.
The Magic Circle firm joins the ongoing U.S. associate pay war, announcing pay rise for first-year U.S. associates to $180,000
The Anglo-Australian firm has closed its only Swedish offering, with the entire 25-lawyer team transferring to local firm Hamilton.
The nation's chief law against racketeering applies to some activities outside of the United States, but private plaintiffs must claim a domestic injury, the U.S. Supreme Court on Monday ruled in a closely watched business case involving a major American cigarette and food producer.
What do people in your in-house legal function currently do? How do they spend their days? Having the answers will be a key input in guiding how your legal function may want to change.
A month after Dentons suggested law firms and their clients should abandon “pay-to-play” networks for international legal referrals and announced its own new network, the referral industry is fighting back.
If there is a Brexit, it is impossible to know precisely where that would leave U.K. employment law. Much would turn on the type of withdrawal.
Some U.K.-qualified lawyers are applying to the Law Society of Ireland amid fears they may find it more difficult to practice EU law if Britain leaves the European Union.
A New Jersey appeals court has ruled that a clause in a contract that mandates that any dispute by resolved by Russians courts is enforceable, even though there is little likelihood that one of the parties will return to Russia to resolve the dispute.
Even the mere possibility of a U.K. withdrawal from the EU has already taken a toll on law firms and the financial markets.
Womble Carlyle Sandridge & Rice, based in Winston-Salem, North Carolina, announced on Wednesday the formation of an exclusive international alliance with Bond Dickinson, one of the 50 largest firms in the U.K.
In this article, the twelfth in Allen & Overy's weekly columns on political law issues designed to help in-house legal and compliance personnel manage risks, we turn to lobbying regulation in the European Union.
Capital markets lawyers at Davis Polk & Wardwell, Latham & Watkins, Linklaters and Sullivan & Cromwell, among others, have benefited from a spate of European listings.
Baker & McKenzie's decision to elect London managing partner Paul Rawlinson as its next global chair provides telling insight into the mindset and priorities of the firm's partnership.
The announcement by Royal Dutch Shell that it plans to open an offshore legal operations center illustrates a growing trend, according to industry experts.
The 2016 Global Business Ethics Survey, released Thursday by the Ethics & Compliance Initiative , revealed that more workers in Brazil, India and Russia reported seeing misconduct and experiencing pressure to compromise standards than their counterparts in 10 other countries.
A majority of UK employees are confident in their ability to securely manage their sensitive data, but the reality may be far different.
A tax partner at Dentons in Vancouver formerly affiliated with predecessor firm Frasner Milner Casgrain has been caught up in an offshore tax scandal involving global accounting giant KPMG and the Isle of Man.
Some say the guidelines give a 'solid foundation,' but leave loopholes that still need to be shored up.
Paul Rawlinson has been selected by the partnership, making him the firm's first British global chair.
As a representative democracy with a federal constitution and a well-developed judiciary, Germany has a general constitutional regime quite similar to that of the United States. A closer comparison, however, highlights features of the American regime that, for better or worse, distinguish it.
In an example of the laser-like focus U.S. law firms are placing on London in recent months, Dechert has revamped the leadership structure of its London office with an eye toward making it on par with the firm's largest locations in New York and Philadelphia.
Experts in the U.S. see many of the recommendations, which focus on mass surveillance, data rights and enforcement, as too far-reaching.
Coca-Cola European Partners, the world’s largest independent bottler of Coca-Cola products based on net sales, announced on May 31 that London-based lawyer Clare Wardle is taking over as general counsel and company secretary.
Continuing the legal turnover at besieged Deutsche Bank in Germany, Emma Slatter is leaving as head of legal strategy after only six months in her new position, according to news reports.
Fujian Grand Chip Investment Fund is buying Germany's Aixtron as Chinese investors continue shopping spree in Europe’s technology sector.
A Chinese consortium led by Shanghai-based Everbright Securities has bought a controlling stake in Italy’s sports media rights business MP & Silva.
The 1,800-lawyer U.K. firm plans to open its sixth U.S. office, merging with insurance defense firm Thornton Davis & Fein.
With all the focus on the U.S. Presidential election, it can be easy to overlook another election on the other side of the Atlantic Ocean that could prove to be just as consequential.
Quinn Emanuel Urquhart & Sullivan is expanding its European presence with the launch of a new office in Switzerland under partner Thomas Werlen. Zurich-based FIFA, soccer's global governing body, is a major client of the firm.
Hunton & Williams is in merger talks with midmarket U.K. firm Addleshaw Goddard, Legal Week has learned. If successful, a merger between the pair would create a firm with more than 1,300 lawyers and combined gross revenue of around $809 million.
A shareholder derivative suit alleges that leaders of Alphabet and its subsidiary Google left the company exposed.
Germany's Bayer AG taps Sullivan & Cromwell and Allen & Overy for its $62 billion takeover bid for Monsanto Co.
Saudi courts will decide whether the global firm will have to reapply for its license in Saudi Arabia, a process that could take up to two years.
The firm adopts a bold growth plan in London. What if it works?
The law firms who carried out investigations for Eurasian Natural Resources Corp. and Standard Chartered Bank have recently found their roles questioned. It's a reminder that firms hired to do internal probes must walk a tightrope between pleasing clients and regulators.
The Second Hundred, firms 101-200 on our list of the nation’s highest-grossing firms, underperformed their larger counterparts in 2015.
In-house lawyers who want more clout should consider packing up and moving across the pond, judging by a recent survey of legal officers in the U.K.
Through Bank of Nova Scotia summonses, the IRS seeks to compel U.S. branches of foreign banks to produce records held by their overseas branches, even when production would otherwise be proscribed by foreign bank secrecy laws. This law enforcement tool has been used rarely over the past three decades, but in today's regulatory climate, practitioners representing taxpayers need to be aware of their availability.
The decision comes months after the English High Court’s first approval of predictive coding.
New Jersey lawmakers are considering legislation that would make the state a center for international alternative dispute resolution.
The global firm is relocating about 5 percent of support staff to a new business services center in Manila. The affected jobs will move from the United Kingdom, Canada, the United States, and other areas.
The Chinese home appliance maker is acquiring Germany’s Kuka in a bid to upgrade manufacturing and logistics systems.
On the menu this week in The American Lawyer's Continental Breakfast series: Lawyers on Demand co-founder Simon Harper digests the spectacular growth of the alternative legal services pioneer.
The latest proposal would extend the “failure to prevent” offense to include money laundering and perhaps other economic crimes.
Law firms don't have to relegate their anti-human trafficking efforts to pro bono any more. A new reporting requirement has paying clients turning to lawyers for help in improving labor conditions and supply chain transparency in Asia.
Three months after Mylan NV once again turned to Cravath, Swaine & Moore to handle another multibillion-dollar deal, the firm is at it again for the acquisitive generic drug giant.
Research into recent recruitment trends by international firms in London has found that they brought in over 20 percent more partners in 2015 than the year before, with total partner numbers climbing by 6 percent across the group year-on-year.
Colombia leads all foreign nations in searching for Miami real estate online, interest from the U.K. strengthens to a record high, and Brazil drops to No. 5.
After $1.2 billion in settlements and a decade of litigation that swept in antitrust lawyers from more than 50 firms (seriously, did anyone NOT work on this case?), the massive air cargo price fixing litigation is coming in for a landing.
After a review of its business services functions, the global legal giant plans to cut up to 200 support jobs in the U.K., with the bulk of those roles being moved to a new operations center in Warsaw.
Dentons, in its latest growth bid, announced this week the formation of a global referral network in an effort to establish itself as a brand able to connect clients with lawyers around the world. The firm is also poised to open an office in Munich.
As EU officials consider shortcomings in the standard contractual clauses, many wonder if legal challenges or regulatory changes are on the horizon.
The United Kingdom is poised to have more female solicitors than men by 2017, according to the latest Annual Statistics Report from the Law Society.
Baker Botts and Keystone Law pick up one KWM partner apiece, as filings show eight partners leaving the Anglo-Asian firm's European partnership as of April 30.
Chadbourne & Parke's outpost in the Polish capital, which it opened in 2004, has been spun off into its own local firm.
These awards recognize law firms for excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting in-house leaders and law firm innovation, commitment to pro bono and outstanding transatlantic strategy.
The U.S. Trade Representative’s Office has added an unexpected culprit to the list of nations that it says fall down on protecting IP: Switzerland, the land of chocolate and cuckoo clocks.
The fallout from the VimpelCom bribery scandal continued on Friday. Telenor, which owns a stake in VimpelCom, acknowledged weaknesses and announced that its GC is resigning.
New York's First Department said that a forum selection clause in the earlier of four agreements between a Kazakh oligarch and his former financial advisor designating New York courts for the resolution of disputes controlled the matter, even though later agreements cancelled the earlier one.
Firm brings in the Big Four auditor to review its business services function as new managing partner Gideon Moore sets out his aims.
Curtis, Mallet-Prevost, Colt & Mosle will become one of the very small number of international firms with offices in Switzerland when it opens in Geneva next month.
Despite one of their most challenging years since the early 1990s, the leading U.S. law firms continue to dwarf their U.K. counterparts in revenues and profits.
When Kristen Jarvis Johnson left her senior associate position to focus on her startup toy company, she invited the Internet along for the ride.
in the wake of controversy over the 2.8 million pounds that Freshfields billed for its work on the Eurostar sale last year, the U.K. government will seek capped fee agreements with its external law firms.
The country's decision to phase out nuclear power has triggered a chain reaction of litigation and arbitration. What will be the fallout for cross-border dispute resolution in Europe?
The Chinese ecommerce company is buying a controlling stake in Singapore-based online retailer Lazada in its largest overseas investment.
The American Lawyer's annual report on the 100 top-grossing law firms in the United States. Full financial results, in-depth analysis, firm profiles, and more.
The law firms are acting in battle for French electrical retailer Darty, which is being pursued by South Africa's Steinhoff and French company Fnac.
Halliburton Co.'s proposal to purchase oil-services rival Baker Hughes Inc. may soon be hit with new opposition from European Union (EU) regulators who are expressing concerns about how the merger of the two Houston-based oil services giants could hurt competition throughout the EU.
Sydney-based banking and finance partner Paul Jenkins takes up the reins after 20 years at the firm.
A year after Edward Coulson joined leading U.S. plaintiffs firm Hausfeld in London, the antitrust litigator has returned Berwin Leighton Paisner, a British firm where he spent more than a decade.
A Parliamentary report puts the Magic Circle firm and the lawyers' watchdog group under scrutiny as it probes a controversial warranty scheme.
The company began laying out its argument on Wednesday that bundling apps does not limit competition in the vibrant digital ecosystem.
The victory is a crucial reprieve for Russia, but the country and its lawyers at Cleary Gottlieb aren’t in the clear yet.
Size may matter in litigation finance, but which funder will get the better returns?
Therium is hoping a trio of former Am Law 100 lawyers can stake its claim to the U.S. litigation finance market.
Shell has chosen Allen & Overy, Baker & McKenzie, Clifford Chance, Eversheds, Norton Rose Fulbright and Reed Smith as its go-to legal advisers after a review of more than 200 firms.
A year after combining with Canadian firm Davis, DLA Piper has closed its small office in Whitehorse, capital of the Yukon. But the global legal giant isn’t completely bailing out on Canada's far North.
It took almost 40 years but Europe’s Unified Patent Court finally seems close to becoming a reality.
Partner promotion round is the largest since 2013 and all new Asian partners are in Hong Kong.
The German drugmaker Merck KGaA has denied claims by the Kenilworth-based Merck & Co. that it has infringed on the American company's trademark.
Corporate Counsel’s Editor-in-Chief Anthony Paonita recently interviewed Sergio Marini, president of the European Company Lawyers Association, about the role of in-house counsel in Europe, and such hot-button issues as privilege, privacy and cybersecurity.
Fieldfisher announces that it will let all U.K. lawyers to work from home for up to one day per week, as Shearman & Sterlin and Mayer Brown make similar plans in their London offices.
With litigation in the forecast, lawyers say companies should consider other compliance mechanisms.
Former Dentons client RevoLaze claims the firm mishandled an ITC case that saw Dentons disqualified last year. At that time, an administrative judge found that the firm had a conflict of interest involving its Canadian arm.
In launching Box Zones in Europe and Asia, the cloud provider aims to assist its international customers with the challenges of complying with new and upcoming local regulations
The Indian steel giant has struck a deal to sell its long product business to private equity firm Greybull Capital
About 15 European general counsel are planning a trip to Silicon Valley in September as part of a program billing itself as the first academic business school course for GCs in the world.
Mossack Fonseca says it hasn’t yet hired outside counsel. What kind of lawyers will it need?
The Solicitors Regulation Authority has asked several firms to clarify whether they are connected to the Panamanian law firm at the center of a huge leak of confidential financial data.
Structured finance and capital markets partner Matthew Cahill became the latest partner at the firm to run afoul of the law, withdrawing from the partnership in London after being accused of tax fraud in a film investment scheme.
The demise of a controversial tax inversion deal with Allergan may have frustrated Pfizer, but it doesn’t leave the U.S. drug giant that much poorer.
A Washington trial judge "significantly overstepped" his authority when he rejected as too lenient a settlement between prosecutors and a Dutch company accused of sanctions violations, the U.S. Court of Appeals for the D.C. Circuit ruled on Tuesday.
E-discovery experts can run into choppy waters when they try to adapt to local culture while still maintaining U.S. discovery standards.
A judge rejects dismissal motions filed by Credit Lyonnais and National Westminster Bank in cases brought by terrorism victims who say the banks maintained accounts for charities that the Treasury Department called "Specially Designated Global Terrorists."
Goodwin Procter is to open in Paris with the hire of a corporate team from King & Wood Mallesons, including its office managing partner, the firm announced Monday.
Partners and security experts reacted with alarm to news of the massive document leak from Panama offshore firm Mossack Fonseca.
The U.K. law firm is teaming up with Chinese firm Wintell & Co under the Shanghai free trade zone rules.
So long as you don’t mind, say, a 22-year-old from Sweden living in your house, having an au pair seems like a great bargain--45 hours a week of child care for $4.35 an hour. But a class action in Denver federal court threatens to upend the program.
Meet the U.S. and U.K. law firms that have tapped into their inner entrepreneur.
The Solicitors Disciplinary Tribunal found that competition lawyer Konstantinos Adamantopoulos charged clients for his own holidays and other personal expenses.
Intellectual property boutique RatnerPrestia has sued a German firm in Pennsylvania federal court for disrupting the business of its new Munich office by an allegedly false display of interest in a merger between the two firms.
Law firms usually manage to keep the public in the dark when it comes to data breaches and hacking attacks. But not this week.
Boies Schiller and Cooley bulk up their nascent outposts in London; Hogan Lovells hires four in Australia and an ex-New York prosecutor; and other notable additions from throughout The Am Law 200.
Moana Weir has left the firm with immediate effect after being appointed to the role on Jan. 29.
The legacy SJ Berwin arm of the firm has been dogged by delays in distributing partner profits in recent months
Amid a spate of unconsummated law firm courtships, a new report claims that the majority of mergers fail to deliver benefits to clients and risk damaging partnership value.
From the manic M&A world to the schizophrenic capital markets, a look at some of 2015's most innovative and interesting deals around the globe.
Now represented by White & Case, the Russian government is pointing the finger at the oligarchs who claim it seized Yukos Oil Co. unfairly. A Dutch court will decide whether "you stole it first" is a valid defense.
Royal Bank of Scotland announced on March 24 that it’s appointed Michael Shaw as its new general counsel. Shaw was most recently a deputy GC at Barclays from 2009 to 2015.
U.S. Supreme Court Justice Clarence Thomas will replace his late colleague Antonin Scalia for a summer teaching position in France in July—the first of possibly several substitutes for Scalia, who taught abroad frequently.
Three years after a transformative merger with the U.K. firm, King & Wood Mallesons will trim approximately 24 partners in its Europe, U.K. and Middle East partnership.
Yesterday it seemed ironic that I had just written a Global In-House column addressing how to deal with uncertainty in emerging markets. Who would have thought that I’d so soon be tested, right in my own comfortable Western European old-country backyard?
The publically released text reveals what areas of the new agreement will be most impactful, and perhaps most burdensome.
The R&D capability will form one part of the firm's new global innovation initiative, Ashurst Advance.
The state-owned Chinese investment fund set up for the “One Belt, One Road” initiatives have invested 10 percent in a Russian liquefied natural gas project that’s been struggling with funding since the Ukraine crisis sanctions against Russia.
There were some anxious CEOs around Europe Tuesday as a group of 108 in-house counsel and compliance officers were arriving in Brussels this morning just as deadly terrorist bombs went off at the airport and a subway station, killing at least 30 and injuring at least 200.
Brussels, the seat of the European Union and a hub for U.S. and international firms, was in lockdown Tuesday after a series of explosions rocked the city’s airport and a central subway station. At least 34 have been killed in the terrorist attacks.
We asked our staff to try to locate sources in Belgium who could give us a sense of the aftermath of Tuesday's terrorist attacks.
After several recent attacks, federal officials and police officers have repeated requests that they be given access to encrypted communications.
There’s a lot of confusion over what happens to the U.K.’s employment laws if Great Britain leaves the European Union.
Behind the failed merger talks between Greenberg Traurig and London-based Berwin Leighton Paisner.
Through a pair of former lawyers, the U.K. firm is taking advantage of a free trade agreement between Hong Kong and mainland China to gain Chinese law capability.
The talks are off between the 1,950-lawyer Greenberg Traurig and London's 550-lawyer Berwin Leighton Paisner.
Awaiting confirmation by the EU court, the Privacy Shield details leave some wondering whether it’s the right agreement for their business.
Both firms confirmed Wednesday that the major transatlantic merger was no longer in the cards.
The firm's managing partner sets out BLP's strategy—whether or not ongoing merger talks with Greenberg pan out: "We're not after scale for the sake of scale."
The Iberian legal giant has finalized a deal to integrate Chilean firm Avendaño Merino into its global network. Amid a shrinking market for high-end legal services in Spain, many of the country's top firms are looking to opportunities in Latin America.
No lawyer in the world has a client list like Jared Genser. A former partner at DLA Piper, the human rights lawyer spoke with The Litigation Daily about his work, including his recent partnership with Amal Clooney to free the ex-president of the Maldives, and how law firms can help.
The jurisprudence of e-discovery hit another milestone on Feb. 16. That was when a British court joined courts in the United States and Ireland in approving the use of technology-assisted review (TAR) in litigation.
We're honoring the best lawyering the world over in cross-border deals, disputes, finance and citizenship.
Such funds have long been a target of criticism, especially from the U.S. And international trade experts have sounded the alarm, saying SPFs signaled a new form of nationalism and protectionism.
The extraction industries saw the brunt of bribery enforcement actions in 2015, but the manufacturing/service providing industry faces more U.S. investigations, according to a new report from TRACE International, a provider of anti-bribery compliance services.
Increasingly, the London offices of U.S. law firms are catching up to native U.K. firms in size and financial results, a Legal Week study of LLP filings finds.
The Magic Circle firm’s newly elected leadership team, Wim Dejonghe and Andrew Ballheimer, are expected to expand A&O's U.S. offering as well as review governance and partner appraisal systems.
Skadden, Arps, Slate, Meagher & Flom counsel Matthew Cowie moves to Dechert's white collar team in London; DLA Piper's U.K. competition head Kate Vernon joins Quinn Emanuel Urquhart & Sullivan; and other notable additions.
Instability in Ukraine and Russia is prompting more Russian-speaking entrepreneurs to immigrate to the U.S. to start or expand businesses.
The Russian Federation's Data Localization Law, which went into effect in September 2015, which requires Russian citizens' personal data to be located in Russia. Russian authorities have issued a plan to audit both multinational and Russian companies over the course of 2016.
As Hilton Mervis heads to Arnold & Porter's London office, his departure is the latest in a string of partner exits from King & Wood Mallesons in Europe.
Australia's Slater & Gordon, which went public in 2007, is planning to restructure its debt and U.K. operations after posting a net loss of almost a billion Australian dollars in the second half of 2015.
The U.K. firm is seeking to combine its eight-lawyer office in the city-state with local 56-lawyer firm Harry Elias Partnership.
A poll by Legal Week finds that 40 percent of lawyers surveyed expect Britain to leave the E.U., but only 15 percent personally support such a move.
In a move that appears aimed at deterring partner departures, Kirkland & Ellis is doubling the notice period that partners must give before they leave, from 60 to 120 days, according to former Kirkland partners.
Ahead of The American Lawyer's final Am Law 100 and 200 rankings, the early reports on 2015 financial results for DLA Piper, Hogan Lovells, K&L Gates, Latham, White & Case and more international law firms.
The struggling personal injury firm—the first law firm ever to go public—writes down A$814.2M from its Quindell acquisition as it restructures.
Freshfields Bruckhaus Deringer adds a second high yield partner from Kirkland in a year, as Sidley Austin picks up a six-partner City team in a private equity push.
The debate around privacy in big data is nowhere more pronounced than in the European Union, with laws like the General Data Protection Regulation transforming the way businesses interact with the EU public. On Feb. 29, The European Commission, the body tasked with proposing and enforcing laws around data privacy.
Hogan Lovells goes global for new recruits; a rough week for K&L Gates; Crowell & Moring brings back a top prosecutor; Debevoise bags a federal judge; DLA Piper plucks a longtime ESPN lawyer; and other notable additions from around The Am Law 200.
Dublin-based Shire plc said on Jan. 11 that it had struck a cash-and-stock deal to acquire Bannockburn, Illinois-based Baxalta Inc. after a five-month pursuit. In August, Shire had announced a $30 billion all-stock takeover bid for Baxalta, which was turned down by the target.
The company's data solution aims to bring transparency to legal billing to help clients cut costs and firms improve efficiencies.
U.S. companies need to be aware of a new German data protection measure that came into effect this week. The law, aimed directly at companies based outside Germany, allows German consumers and business associations to enforce the country’s data protection laws.
The 200-lawyer Australian entity will combine with the 400-lawyer Lawyers on Demand in London.
Food service distributor Sysco Corp. of Houston announced a definitive agreement to buy Brakes Group of London, another food service distributor.
British bank HSBC Holdings spent a whopping $1.65 billion during 2015 on legal bills, nearly $500 million higher than the previous year, according to its annual report.
The Anglo-American firm follows a number of U.S. peers by removing an annual cap on vacation days—but the move will not apply to offices outside the U.S.
It was a not so sweet day for Mondelēz International Inc., the maker of Oreo cookies. The company says federal investigators have recommended enforcement action against it for alleged bribes paid over operations in India that were bought from Cadbury.
Until the Privacy Shield is firmly in place, no one can predict specifically what will happen in the wake of the CJEU's decision in Schrems v. Data Protection Commissioner. For now, data privacy savvy organizations have taken measures to get their data house in order.
The Dutch telecommunications giant VimpelCom agreed Thursday to pay $795 million to resolve U.S. and Dutch charges that it bribed government officials in Uzbekistan to win business.
Gowlings and Wragge Lawrence Graham made their merger official on Monday, creating one of the largest international firms without an office in the United States.
King & Wood Mallesons’ private equity leader in Germany joins Mayer Brown; two more Edwards Wildman Palmer alums leave Locke Lord; Polsinelli keeps growing; Wachtell adds an e-discovery expert; and other notable additions from throughout The Am Law 200.
Clifford Chance advises Stockholm-based EQT Partners on the sale of Germany’s EEW Energy from Waste as Chinese state-owned companies continue overseas buying spree.
Knowles, who oversaw his firm's expansion around the world over the past two decades, will step down from his management post in April before retiring from the partnership.
Master Matthews of English High Court allowed the parties to proceed with predictive coding because of proportionality concerns, among other factors.
In her Internet Issues/Social Media column, Shari Claire Lewis discusses the background of the data transfer dispute and the significant aspects of the new EU-U.S. Privacy Shield.
After closing its Moscow office, K&L Gates doubles down in Australia; Greenberg Traurig grabs a Goodwin Procter securities litigator; high-powered lawyers leave Vinson & Elkins and Morgan Lewis in Houston; and other key additions from around The Am Law 200.
A groundbreaking initiative by a group of leading U.K., U.S. and international law firms is teaching disadvantaged students about the profession but failing to follow through, according to a new report.
A new year brings another new deal for the pharmaceutical giant and its outside lawyers from three firms.
Two related hedge funds won a $22.1 million judgment against Deutsche Bank AG in a dispute tied to contract rights in credit default swap agreements.
Partners welcome reforms as part of co-CEO Simon Levine's drive for greater profitability outside the U.S.
From the newly minted Privacy Shield agreement to the EU’s upcoming GDPR law, experts dissect what the new data regulations mean for U.S. businesses.
The new EU-U.S. data transfer agreement and changing EU data laws do little to alleviate concerns.
Simpson Thacher, Davis Polk Clifford Chance and two leading Swiss firms take the lead on the largest outbound M&A deal ever by a Chinese company; and a look at the other big firms behind the latest slate of billion-dollar transactions.
The beginning of the end of Argentina’s international bondholder battle means important legal questions raised by the dispute will have to wait for answers.
The U.S. Department of Justice is fighting efforts by a Jewish group to subpoena banks for information about assets owned by the Russian Federation, which owes more than $43 million in sanctions for rebuffing a U.S. judge's order to return a collection of religious texts.
Greenberg Traurig, a Miami-based Am Law 100 firm known for its spectacular growth, confirmed Wednesday that it is in preliminary discussions about a potential union with U.K. firm Berwin Leighton Paisner.
The so-called Privacy Shield could expose U.S. companies to more aggressive enforcement and stiffer fines.
The firm's international LLP is introducing a new points-based system, bringing in a larger bonus pool and creating a separate lockstep for new partners.
While details of the eleventh hour agreement are still emerging, if it holds up in court it will likely offer clarity about how to handle customer data—the lifeblood of modern companies.
DLA Piper is beefing up its presence in the Nordic region by merging with Finnish firm Peltonen LMR and integrating its Swedish arm, DLA Nordic, the firm announced Monday.
Of 16 high-powered New York real estate lawyers videotaped in an undercover sting by Global Witness, just one outright refused to help a purported foreign official funnel illicit funds into the U.S.
It was instead a four-person project management team. When the U.K.'s Herbert Smith Freehills hired those professional staffers amid lots of fanfare, it was a lesson to all firms about lateral hiring. Are you listening?
The boundaries of traditional nation-states are often blurred by growing globalization in business. For that reason, the U.S. Supreme Court is set to return this term to a hot-button issue—the extraterritorial application of U.S. law.
The short answer: no. Data on Global 100 firms from our researchers and analysts at ALM Legal Intelligence shows that firms with fewer offices and fewer foreign offices tend to have higher profit margins and profits per partner than bigger, more global firms.
Wachtell, Simpson Thacher, Shearman & Sterling and Cleary Gottlieb are advising on a $20 billion corporate tax inversion deal between Johnson Controls and Tyco International; and a look at the other big firms behind the latest round of billion-dollar deals.
The shakeup of the German legal market shows no signs of abating in 2016, as Latham & Watkins seeks to rebuild its private equity offering in the country by hiring Linklaters practice head Rainer Traugott in Munich.
Two days before trial, the Second Circuit stayed a civil case to address whether Baker & Hostetler and partner John Moscow should be disqualified as counsel to real estate companies accused of laundering the proceeds of a Russian tax fraud scheme.
Someday we’ll all know exactly what is happening there.
Several months after Brown Rudnick was dragged into a political corruption scandal in Ireland, the former head of the firm's Irish practice has left the firm to reconstitute his own shop in Dublin.
Although the DOJ's ability to act in foreign countries is limited at best, the recent prosecution of an official with Russia's state-owned nuclear corporation using federal money laundering statutes illustrates how the DOJ can try to chip away at the edges of serious crimes without having to depend on unreliable foreign enforcement efforts.
The Irish Computer Society survey found 71 percent said the breaches were caused inadvertently by staff members.
Merck & Co. has filed a trademark infringement suit in federal court in Newark against a German drugmaker with a similar name and a common heritage.
After a highly visible lobbying campaign in Washington, D.C. and around the world, Amal Clooney helped secure the release—at least for now—of the ex-president of the Maldives, who arrived in London on Thursday. And she's already got a new client to save.
Wilmer Cutler Pickering Hale and Dorr, which represented reporter Jason Rezaian before his release from an Iranian prison, was just one of the American firms praising the latest diplomatic breakthrough in U.S.-Iran relations.
The European Court of Human Rights gave employers in Europe the green light to monitor employee’s personal communications at work.
'Denial-of-justice' findings are rare in international arbitration, but in Dan Cake S.A. v. Hungary, the ICSID tribunal held that a Hungarian national court decision 'shock[ed] a sense of juridical propriety.'
As creditors fight over Nortel Networks’ $7.3 billion carcass, bankruptcy lawyers are feasting on the fees.
The parent company of The American Lawyer said the acquisition, the fourth in recent years, better positions the company in key international markets.
Foreign governments, including China, Turkey and the European Union, are giving corporate America fits over how companies handle information and data, and the trend is only going to worsen this year.
Reversing his own ruling of last month, Southern District Judge Thomas Griesa has reinstated Baker & Hostetler and partner John Moscow to represent real estate companies accused of laundering proceeds of a Russian fraud scheme.
Cravath, Jones Day, Kirkland & Ellis, Ropes & Gray, Slaughter and May and Skadden have grabbed roles on the proposed $32 billion merger between rare disease drug makers Shire plc and Baxalta Inc.
Fladgate IP partner Eddie Powell sees regulatory and legistlative developments ahead that could make the unified patent a reality and ease streaming throughout Europe, among other things.
Another year, another international move for Dentons. The global legal giant brought on a 45-lawyer banking and finance team from regional British firm Matthew Arnold & Baldwin. The new additions had been expected for several months.
Morgan will lead the firm’s UK growth while helping clients develop responses to the evolving legal landscape.
Trademark rights assigned by the Russian government to Stolichnaya vodka must be respected by courts in the United States, a federal appeals court ruled Tuesday.
By 2019, Europe will be almost 23 percent of the market and Asia will be more than 7 percent.
Southern District Judge Thomas Griesa withdrew his opinion disqualifying Baker & Hostetler and partner John Moscow from defending real estate companies accused of laundering the proceeds of a Russian fraud scheme.
Adam Rosser, counsel at Hunton & Williams, had thought the European migrant crisis might reveal itself while he and his father vacationed in Greece in September. But the sight grabbed him more deeply than he had expected. The crisis has become his personal cause.
A former co-head of Allen & Overy's global corporate group has been charged in a corruption probe at Brazilian oil colossus Petrobras, while Cleary Gottlieb Steen & Hamilton has been hired by Brazilian mining giant Vale in the aftermath of a tragic dam collapse.
Legal tech experts weigh in on what the GDPR decision really means going forward.
New intelligence gathering initiatives have led to a chorus of concern from the tech sector and privacy advocates.
As private antitrust actions take off in Europe, U.S. and U.K. firms are gearing up on the plaintiffs side.
Law firms have to be resourceful to thrive in one of Europe's toughest markets. Here's how they do it.
In the largest recent M&A deals across Europe, which law firms got the work?
Amal Clooney makes news for both her wardrobe and her human rights cases. It's a potent combo.
American Lawyer's Chris Johnson regularly takes attorneys to breakfast at their favorite morning venues to chew over the industry's tastiest talking points. At Simpson's in The Strand, former Allen & Overy senior partner Guy Beringer talks about the venture he founded to put more lawyers on nonprofit boards.
A class action against the social media giant catalyzes a major shift in EU data policy.
Litigation funder Juridica announces it is cutting back its investments in fresh cases.
The Magic Circle firm faces criticism from U.K. regulators over two high-profile deals.
Foreign law firms keep piling into Europe's hottest legal market. Others are rethinking their strategy there.
Europe doesn't like Facebook, and it's about to get worse.
A federal judge in Atlanta has handed an initial victory to the ex-wife of international gun mogul Gaston Glock in a racketeering case.
Associate bonus announcements continue to roll in, with Freshfields and Clifford Chance announcing that their U.S. associates won't trail American peers. As in past years, Boies, Schiller & Flexner and Susman Godfrey marched to their own rhythms.
FIFA, the global governing body for soccer, seems to be stuck in a downward spiral of compliance and ethics disasters. Most everyone agrees that FIFA needs to change its ways—and soon.
State court officials have approved new rules authorizing lawyers outside the state to practice in New York on a temporary basis and to allow foreign lawyers to register as in-house counsel. The rules take effect Dec. 30.
On the menu this week in The American Lawyer's Continental Breakfast series: Shepherd and Wedderburn chair Stephen Gibb on why his firm—unlike some of its Scottish competitors—rejects the idea of a merger with a larger English firm.
The European Commission has proposed a system to promote fairness. Obama should get on board.
The firm hired a three-lawyer team in Frankfurt led by Clifford Chance partner André Schwanna.
A New York state court judge said the statute of frauds did not preclude claims against two Russian billionaires because the oral contract granted each of the parties the right to buy out any other party at any time, and therefore was capable of performance within one year.
In recent years, lawmakers in countries around the globe have been working to catch up with the problem of exponentially increasing cyberattacks. One region where legislators have been working hard is the European Union, which announced its first-ever set of cybersecurity rules this week.
LA Piper has continued to build its European finance practice with the hire of two senior partners in London, the firm announced Wednesday.
In the latest twist in a bizarre saga of litigation funding gone awry, Clifford Chance has agreed to pay a confidential amount to settle a negligence suit threatened by a litigation funder that bankrolled a disastrous case handled by the U.K. law firm.