Friederike Heine
July 05, 2011 | International Edition
Berrymans boosts partner profits by 32% as turnover rises 12%Berrymans Lace Mawer has announced double-digit increases in in both revenues and profits, with profits per equity partner (PEP) soaring upwards by 32%. The insurance firm's unaudited annual revenue for the 2010-11 financial year stood at £78.8m, a 12% increase on last year's figure of £70.4m.
By Friederike Heine
2 minute read
July 05, 2011 | International Edition
CC results: revenues up 2% as PEP creeps back above £1m with 8% hikeClifford Chance (CC) has announced the details of its 2010-11 financial results, with profits per equity partner (PEP) rising 8% alongside a marginal increase in turnover. The magic circle firm reported an unaudited PEP figure of £1,005,000, with the 8% increase coming after a substantial PEP increase last year, when profits jumped by 25% to £933,000. Overall, profits stood at £381m for the accounting period, up 10% on the previous financial year.
By Friederike Heine
3 minute read
July 04, 2011 | International Edition
Clifford Chance senior associate duo follow funds partners to Weil GotshalWeil Gotshal & Manges has secured the hire of Clifford Chance (CC) senior associates Stephen Fox and David Irvine to join its recently-recruited London funds team. The US firm last month (13 June) announced the hire of a four-partner funds team comprising CC partners Ed Gander, Nigel Clark and Nick Benson, as well as tax partner Jonathan Kandel, who works closely with the funds team.
By Friederike Heine
2 minute read
July 04, 2011 | International Edition
Candidates emerge to compete for Linklaters global banking head roleA trio of Linklaters partners are competing to succeed Robert Elliott as global head of banking as the firm gears up to appoint a new practice chief later this month. Current global banking chief Robert Elliott's tenure is set to come to an end in October, when he will take over as the firm's new senior partner from David Cheyne. Managing partner Simon Davies and the firm's executive committee have now kicked off the process to appoint Elliott's successor.
By Friederike Heine
2 minute read
July 01, 2011 | International Edition
Elite US trio added to Barclays panel after review of bank's advisersBarclays has added three US firms to its general advisory panel, following a comprehensive panel review intended to increase value for money from the bank's regular advisers. Cleary Gottlieb Steen & Hamilton, Shearman & Sterling and Sullivan & Cromwell have been added to the bank's main general advisory panel after Barclays decided to include the creation of a US sub-division for the first time.
By Friederike Heine
6 minute read
July 01, 2011 | International Edition
Nabarro halts two years of falling financials with static 2010-11 resultsNabarro has posted a marginal drop in both turnover and profits for the 2010-11 financial year. The firm's unaudited turnover stands at at £112.6m, around 1% down on the previous year's figure of £113.8m. Profits per equity partner (PEP) at the UK top 30 firm have also dipped by around 1%, falling from £320,000 in 2010-11 to £318,000 this year.
By Friederike Heine
2 minute read
June 30, 2011 | International Edition
Mayer Brown expands in Asia with Singapore office launchMayer Brown is launching in Singapore with the relocation of Hong Kong projects partner Kevin Owen to head up the new office. The new base will be Mayer Brown's eighth presence in Asia following its 2008 tie-up with Johnson Stokes & Master (JSM). Mayer Brown JSM already operates offices in Hong Kong, Beijing, Shanghai, Guangzhou, Ho Chi Min City, Hanoi and Bangkok. The Singpore base will focus initially on asset finance, project finance, energy and international arbitration.
By Friederike Heine
2 minute read
June 29, 2011 | International Edition
Bakers makes up two in reduced City promotions roundBaker & McKenzie has made up two lawyers to its London partnership in its annual promotions round, a significant drop on last year's seven-strong round. The promotions, which take effect tomorrow (1 July), comprise one partner apiece in the firm's information technology (IT) and tax practices.
By Friederike Heine
2 minute read
June 29, 2011 | International Edition
Gateway to the East? Much is riding on tie-ups Down UnderNews that Ashurst has become the latest City law firm looking to stretch its international reach into Australia has got a market already stirred up by the entrance of two magic circle firms within the last 18 months more than a little excited. And that's even before taking into account an abundance of reports about other British law firms courting Australian outfits, such as City rival Herbert Smith.
By Friederike Heine
4 minute read
June 29, 2011 | International Edition
Mayer Brown seals hire of Nabarro IP partner for London baseMayer Brown has added a partner to its London intellectual property (IP) team with the hire of Jonathan Radcliffe from Nabarro. Radcliffe, who will join the US firm on 1 August, has expertise in patent and IP litigation, having acted on disputes in the pharmaceutical, life sciences and high-tech sectors. He joined Nabarro in 2005 from rival UK top 30 law firm Field Fisher Waterhouse.
By Friederike Heine
2 minute read
