Pui Guan Man

July 16, 2013 | International Edition

Norton Rose Fulbright has bulked up its City corporate and M&A team with the hire of CMS Cameron McKenna partner Richard Bull. Bull, who was made up as a corporate partner at CMS in 2009, acts primarily for private equity clients, sponsors, portfolio companies and management teams, with particular experience in the financial services and technology sectors.

By Pui-Guan Man

2 minute read

July 15, 2013 | International Edition

Baker Botts has sealed the hire of a 14-lawyer team from Norton Rose Fulbright in the Middle East, including eight legacy Fulbright & Jaworski partners. The team, which made up the bulk of legacy Fulbright's operation in Dubai's Festival City, includes corporate partner John Lonsberg, who helped to establish Fulbright's presence in the Middle East when he joined the firm in 2005.

By Pui-Guan Man

3 minute read

July 15, 2013 | International Edition

Stephenson Harwood has announced its financial results for the 2012-13 financial year, confirming 2% growth in revenues. The firm reported revenue figures of £112.3m, up on £110.2m in the previous year. It has not confirmed its profits per equity partner (PEP) results.

By Pui-Guan Man

2 minute read

July 11, 2013 | International Edition

Field Fisher Waterhouse is considering shifting support functions out of its London headquarters to its Manchester base in a bid to reduce its overheads. The firm is understood to be mulling the transfer of some non-legal roles, potentially covering functions such as IT and secretarial, to its seven-lawyer Manchester office following a strategic review of the business. Discussions on how many and which roles will be relocated are still at an early stage, with any move unlikely to happen this year.

By Pui-Guan Man

2 minute read

July 11, 2013 | International Edition

Clifford Chance (CC) has hired Bonelli Erede Pappalardo antitrust partner Luciano Di Via for its Italian antitrust practice. Di Via joined Bonelli in 2001 and became a partner in 2003. He will join the magic circle firm at the start of August and will be based in Rome, splitting his time between the office and the firm's Milan outpost.

By Pui-Guan Man

2 minute read

July 11, 2013 | International Edition

Hogan Lovells has obtained a licence to practise in Sao Paulo, alongside the formal launch of its long-awaited office in Rio de Janeiro. The Brazilian Bar Association gave the firm the green light to operate in both cities as a Foreign Legal Consultancy yesterday (10 July).

By Pui-Guan Man

2 minute read

July 10, 2013 | International Edition

Macfarlanes and Simmons & Simmons have landed key roles in a process that has seen NYSE Euronext take over from the British Banker's Association (BBA) as administrator for scandal-hit Libor. Simmons retained its role as legal adviser to the committee selecting an administrator for the London interbank offered rate. The BBA approved the government-backed Hogg Tendering Advisory Committee's recommendation for NYSE Euronext to oversee Libor yesterday (9 July), which is set to come into effect in early 2014.

By Pui-Guan Man

2 minute read

July 10, 2013 | International Edition

Nabarro, Addleshaw Goddard and Allen & Overy (A&O) have won roles on a rescue deal the saw the UK's largest coal miner file for administration. Birmingham High Court appointed PriceWaterhouseCoopers (PwC) partners David Kelly, Robert Hebenton and Ian Green as joint administrators of UK Coal yesterday (9 July) following an application made by UK Coal directors.

By Pui-Guan Man

2 minute read

July 09, 2013 | International Edition

Simmons & Simmons revenue and partner profits have remained at 2011-12 levels, with the firm posting broadly flat financials for the year to 30 April 2013. The firm has posted unaudited revenues of £250.3m, down on £251.7m last year, while profits per equity partner (PEP) has dropped marginally from £528,000 to £525,000, with both marking 0.6% decreases respectively. The firm also confirmed a net profit figure of £66.2m, which is broadly static on last year.

By Pui-Guan Man

2 minute read

July 09, 2013 | International Edition

Trowers & Hamlins has seen a dip in profits per equity partner (PEP) of 14% over the last year on the back of a drop in revenues and net profit. PEP for the 2012-13 year has slipped from £358,00 to £307,000 over the year, with net profit at the firm dropping 23% from £18.8m to £14.5m. Meanwhile the firm's revenue fell by 3% from £80.8m to £78.3m globally. The UK arm's net profit fell from £20.1m last year to £15.8m, marking a 21% drop in figures. Those at the top end of the equity earned £412,000, down by 17% on £496,000, while those at the bottom saw salaries fall by the same percentage from £198,000 to £165,000.

By Pui-Guan Man

2 minute read