Alex Newman

March 06, 2014 | International Edition

Greenberg Traurig Maher (GTM) and Ashurst have taken the lead roles on the sale of pest control giant Rentokil's sale of its facilities management business to Interserve for £250m. The deal, which is subject to shareholder approval, Interserve acquire Rentokil subsidiary Initial Facilities via a bank facility and share placement.

By Alex Newman

2 minute read

March 06, 2014 | International Edition

Improved confidence and increased market activity has pushed up rates and fee earner income at the UK's top 100 law firms, according to the latest legal sector survey by auditor Deloitte. The study, which looked at the quarter ended 31 January 2014, found that average income for fee earners increased by 4.5% compared with the same period a year ago.

By Alex Newman

2 minute read

March 06, 2014 | International Edition

Four members of collapsed law firm Dewey & LeBoeuf, including its three most senior executives, have been charged with larceny and fraud by the FBI and Manhattan district attorney. Former chairman Steven Davis, chief executive Stephen DiCarmine, and chief financial officer (CFO) Joel Sanders were all named in the indictment today (6 March), alongside former client relationship manager Zachary Warren.

By Alex Newman

5 minute read

March 05, 2014 | International Edition

Field Fisher Waterhouse (FFW) and Baker & McKenzie have become the latest firms to ask junior partners to contribute capital in response to upcoming changes to how partnerships will be taxed.

By Alex Newman

3 minute read

March 05, 2014 | International Edition

Litigation powerhouse Quinn Emanuel has posted a mixed set of financial results for 2013, despite firm-wide earnings rocketing to within touching distance of the $1bn mark. However, the firm's 11-partner City office recorded its first annual decline in revenue and profit for the first time since its 2008 launch, falling 28% to £19.8m and 33% to £12.4m respectively, Legal Week can reveal.

By Alex Newman

2 minute read

March 04, 2014 | International Edition

Wilkie Farr & Gallagher has appointed London corporate crime head Peter Burrell as its first managing partner in the City. Burrell became the US outfit's second partner in London when he joined three years ago from legacy Herbert Smith, where he headed the firm's investigations and corporate crimes practice.

By Alex Newman

2 minute read

March 04, 2014 | International Edition

Barclays bank failed to properly advise a former Dewey & Leboeuf partner on the financial health of the firm when it provided him with a $486,000 (£291,000) capital loan in 2010, the High Court has been told. Charles Landgraf, the former head of the defunct US firm's Washington DC office, has also alleged the lender made misrepresentations at the time of the loan. The counterclaim was made as Barclays sought a summary jud

By Alex Newman

3 minute read

March 03, 2014 | International Edition

Ascent, the debt legal services arm of Irwin Mitchell, has acquired Manchester-based volume legal services outfit HL Interactive. The deal - which involves the transfer of all 62 HL Interactive staff to the top 20 UK firm - is the fourth by Ascent and the fifth by Irwin Mitchell since it received its alternative business structure (ABS) multiple license in 2012.

By Alex Newman

2 minute read

March 03, 2014 | International Edition

Pinsent Masons has launched a suite of initiatives aimed at increasing its number of female partners to 30%, with an initial target of 25% set for May 2018. 'Project Sky', which is being led by employment partner Linda Jones, seeks to remove any barriers to the progression of women to partnership and senior leadership.

By Alex Newman

3 minute read

March 02, 2014 | International Edition

Clifford Chance's (CC) independent review into the lending practices at the Royal Bank of Scotland (RBS) has been delayed by difficulties in evidence collection, Legal Week has learned.

By Alex Newman

3 minute read