Anna Reynolds

July 23, 2013 | International Edition

Hogan Lovells has recruited a two-partner team from Benelux firm NautaDutilh to launch its new Luxembourg office. Investment funds partner Pierre Reuter, and corporate partner Jean-Michel Schmit - both of whom formerly worked at Linklaters - are joining Hogan Lovells along with four Nauta associates.

By Anna Reynolds

2 minute read

July 23, 2013 | International Edition

Berwin Leighton Paisner has appointed a new finance director, David Rowe, from PricewaterhouseCoopers (PwC). Rowe – who will start at the firm in September – replaces Mark Tothill, who left BLP in February. Tothill joined the firm in 2010 from Linklaters where he was chief financial officer.

By Anna Reynolds

2 minute read

July 23, 2013 | International Edition

Linklaters is understood to be advising Glencore Xstrata on the $4bn-$5bn (£3bn) sale of its Las Bambas copper mine in Peru. The company has been obliged to sell Las Bambas by Chinese competition regulators as a condition of the $64bn (£41bn) merger between commodities trader Glencore and mining giant Xstrata that took place in May this year http://www.legalweek.com/legal-week/news/2266124/glencore-xstrata-confirms-top-legal-role-as-megamerger-completes

By Anna Reynolds

2 minute read

July 22, 2013 | International Edition

BLP has restructured its Managed Legal Services (MLS) division following a number of departures and the appointment of a new relationship manager for key client Thames Water. Thames relationship partner Patrick Somers, who joined BLP in 2005, left in March this year and has been replaced by corporate partner Keith Stella, while MLS chief executive Andrew MacNaughton, who was brought in last year to look at options to grow the division, has also left the firm.

By Anna Reynolds

2 minute read

July 21, 2013 | International Edition

Freshfields Bruckhaus Deringer and Berwin Leighton Paisner have announced their trainee retention rates for the second intake of 2013, with both firms keeping on more than 80% of their intake. Freshfields is keeping on 81% of its autumn qualifiers, with the magic circle firm offering 40 of its 48 newly-qualified (NQ) lawyer positions, with 39 accepting – the same number that stayed on in March's intake http://www.legalweek.com/legal-week/news/2238763/magic-circle-duo-post-marginal-dips-in-spring-nq-intake. At the time positions were offered to 40 of its 46 NQs, giving it a retention rate of 85%.

By Anna Reynolds

2 minute read

July 19, 2013 | International Edition

Berwin Leighton Paisner has reported a 5% drop in turnover, posting revenues of £233m for the 2012-13 financial year. The figure is down 5% on last year's £250m when the firm saw an 8% rise in turnover http://www.legalweek.com/legal-week/news/2184033/blp-announces-revenue-growth-firm-nears-gbp250m-mark.

By Anna Reynolds

2 minute read

July 18, 2013 | International Edition

Herbert Smith Freehills (HSF) and Clifford Chance (CC) have acted on the sale of EMI Group's £1.5bn pension fund to the Pension Insurance Corporation (PIC), a deal which is thought to represent the UK's largest-ever pensions insurance buyout. The deal comes after Citigroup acquired music giant EMI from private equity group Terra Firma in 2011.

By Anna Reynolds

2 minute read

July 18, 2013 | International Edition

Travers Smith saw revenues increase by 3% in the 2012-13 financial year, though profits per equity partner (PEP) fell 2%. The firm posted total revenue of £86.2m, up from £83.8m last year. PEP dropped 2% from £804,000 in 2011-12 to £790,000.

By Anna Reynolds

2 minute read

July 17, 2013 | International Edition

Withers has posted its financial results for 2012-13, with revenues up 4% on last year while profits per equity partner (PEP) have fallen by 4%. The firm has seen revenues increase from £113.3m last year to £117.8m, while PEP has dropped from £386,000 to £370,000.

By Anna Reynolds

2 minute read

July 17, 2013 | International Edition

Herbert Smith Freehills has posted a post-merger revenue figure of £471.2m for the seven months from October 2012 - April 2013. The seven-month figure extrapolated over 12 months equates to a 12-month total of just over £800m, meaning the revenues are broadly flat on the combined total of legacy Herbert Smith's 2011-12 turnover and Australia's Freehills' 2011 income.

By Anna Reynolds

2 minute read