December 07, 2010 | International Edition
Camerons sees fee income rise 5% at half-year stage of financial yearCMS Cameron McKenna has posted improved revenues at the half-year stage, with the firm reporting a 5% increase on the same period last year. The UK top 15 law firm has recorded fee income of £100m for the 2010-11 financial year so far, after last year posting a 13% fall in revenues at the H1 stage.
By Sofia Lind
2 minute read
December 07, 2010 | International Edition
Deloitte research shows revenue growth slowed in Q2 for top 100 firmsGrowth among the UK top 100 law firms slowed in the second quarter of the current financial year. Figures compiled in professional services firm Deloitte's quarterly sector survey show modest revenue growth of 2.4% across the group during Q2 2010-11, which was set against 5% in Q1.
By Sofia Lind
2 minute read
December 07, 2010 | International Edition
SNR Denton London office saw revenue drop 9% in first half of 2010-11SNR Denton's UK arm has seen revenue dip by close to 9% in the first six months of the 2010-11 financial year. The newly-merged firm would not give its exact fee income for the period but confirmed that revenue for the UK limited liability partnership (LLP) dropped by close to 9% on the same period the previous year, when revenue stood at £87.7m.
By Sofia Lind
2 minute read
December 06, 2010 | International Edition
Long-serving A&O banking partner quits to join Irish investment firmAllen & Overy (A&O) banking partner Julian Harris is set to leave the magic circle firm's City arm to join an Irish private investment firm. Harris is due to leave A&O at the end of January to take up a non-legal role at Dublin-based Three Line Capital Partners, a client of A&O. His departure comes after 25 years with A&O, where he qualified as a solicitor in 1988 and made partner in 1995.
By Sofia Lind
2 minute read
December 06, 2010 | International Edition
SNR Denton advises Qatari team on winning bid to host 2022 World CupSNR Denton has advised Qatar on its successful bid to host the 2022 FIFA World Cup. The firm's team, which included a raft of lawyers from its sports, intellectual property and corporate groups, was led by Doha-based partner Leigh Hall, alongside Dallas partner Darren Collins and London consultant Adrian Barr-Smith.
By Sofia Lind
2 minute read
December 06, 2010 | International Edition
Passmore and Hoyland among candidates for Simmons leadershipSimmons & Simmons has kicked off the process of electing new managing and senior partners, with City litigator Colin Passmore the first candidate in the running for senior partner. The firm is currently taking nominations for the senior partner role and it is expected that there will be several candidates when the elections start early next year, with incumbent managing partner Mark Dawkins viewed as a strong contender if he decides to stand for the position.
By Sofia Lind
2 minute read
December 03, 2010 | International Edition
SJ Berwin fast-tracks promotion to boost real estate practiceSJ Berwin has made up a new real estate partner in an out-of-season City promotion. The firm has promoted London-based associate Darren Rogers to the partnership with immediate effect.
By Sofia Lind
2 minute read
December 01, 2010 | International Edition
CC leads on €700m high-yield deal for Spanish telecoms firmClifford Chance (CC) has advised on a €700m (£592m) high-yield deal, representing one of the largest issuances of high-yield debt in Europe this year. The magic circle firm advised ONO, Spain's second-largest broadband, television and phone line provider, on a senior secured notes offering due in 2018. The notes are governed by New York law and are expected to list on the Multilateral Trading Facility market of the Luxembourg Stock Exchange.
By Sofia Lind
2 minute read
November 30, 2010 | International Edition
A&O among lineup of firms advising on €6.6bn Italy telecoms refinancingA raft of international law firms have won roles on a €6.6bn (£5.5bn) European deal that has seen Italian company Wind Telecomunicazioni secure a new bank loan and issue high-yield bonds. The deal, reportedly the largest high-yield bond issuance in Europe this year, handed roles to White & Case, Cleary Gottlieb Steen & Hamilton, Allen & Overy (A&O), Latham & Watkins and NautaDutilh.
By Sofia Lind
2 minute read
November 30, 2010 | International Edition
Trowers confirms job cuts as H1 financials fall behind budgetTrowers & Hamlins is set to make another round of job cuts in London and Manchester after confirming that turnover has fallen behind budget for the first half of the financial year. The firm has confirmed that it is reviewing five fee earner roles and two staff jobs in Manchester as well as four fee earner roles in London, after reviewing three or four UK positions in August this year.
By Sofia Lind
2 minute read