Friederike Heine

May 29, 2012 | International Edition

Dewey & LeBoeuf has made a total of 96 redundancies in its now-defunct London office, with a core team of 12 support staff members retained by the administrators to assist with the wind-down of the business. The firm's UK limited liability partnership (LLP), which also includes the Paris office, was officially placed into administration yesterday at approximately 2pm, with BDO business restructuring partners Mark Shaw and Shay Bannon appointed as joint administrators.

By Friederike Heine

2 minute read

May 29, 2012 | International Edition

Ashurst has unveiled its financial results for for the 2011-12 year, with the top 20 firm increasing fee income by 6% over the period. Total turnover for the year, which has been calculated on a preliminary basis, stands at £322m, up from the figure of £303m posted in 2010-11.

By Friederike Heine

2 minute read

May 29, 2012 | International Edition

Baker & McKenzie has launched in South Africa with the hire of Dewey & LeBoeuf's 31-strong Johannesburg office, one of the disintegrating firm's last remaining international bases. The move, which comes as Dewey filed for bankruptcy last night (28 May), will gift Bakers a fully operational South Africa presence.

By Friederike Heine

3 minute read

May 28, 2012 | International Edition

Nabarro has posted a marginal increase in turnover for the 2011-12 financial year, as the firm embarks on a partner performance exercise which could result in a number of senior departures. The top 30 firm has confirmed preliminary unaudited fee income of £113.4m for the twelve-month period, marking a slight increase of 1% on the previous year's results, which stood at £112.6m.

By Friederike Heine

2 minute read

May 24, 2012 | International Edition

Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton's City arms have taken lead roles on Agilent's $2.2bn (£1.4bn) acquisition of Danish cancer diagnostics company Dako from private equity house EQT Partners.

By Friederike Heine

2 minute read

May 24, 2012 | International Edition

Royal Dutch Shell is set to create a global litigation panel following the hire of Fulbright & Jaworski City disputes partner Richard Hill as associate general counsel for its newly-launched in-house disputes group.

By Friederike Heine

2 minute read

May 24, 2012 | International Edition

Hogan Lovells and K&L Gates have joined the growing rank of US and transatlantic law firms planning tie-ups in Australia, as interest in the Asia-Pacific region continues to grow. Hogan Lovells is assessing options, with a merger with a mid-tier Australian firm the preferred choice for many partners.

By Friederike Heine

3 minute read

May 23, 2012 | International Edition

The College of Law has posted 2010-11 income of £74.4m in the wake of its recent private equity takeover, with the College's accounts also revealing a £100,000 decrease in pay for chief executive Nigel Savage. This year's total income marks an increase of around 2% on the 2009-10 figure of £73.1m, with the total comprising £72.3m in course fees and subscriptions from legal education, plus an additional £1.3m in investment income.

By Friederike Heine

3 minute read

May 22, 2012 | International Edition

Dewey & LeBoeuf's London arm could file for administration as early as tomorrow (23 May) as partners prepare to vote on winding down operations in a meeting expected to take place at 10am. The news comes as the stricken firm has brought in global restructuring firm Zolfo Cooper in the US, where it is moving closer to filing for bankruptcy.

By Friederike Heine

3 minute read

May 22, 2012 | International Edition

Linklaters has overhauled its international board, with partners electing seven new members to represent both regions and practice groups on the firm's main oversight body. Three of the changes are in London where corporate partner Charlie Jacobs, banking partner David Ereira and tax partner Lynne Walkington - who each held one of the two places held for London corporate; London finance & projects and London commercial respectively - stepped down from the board when the vote was confirmed last week (18 May).

By Friederike Heine

3 minute read