Suzi Ring

July 25, 2012 | International Edition

LG has posted a 26% drop in profits per equity partner (PEP) for 2011-12, with revenue also fallng for a second consecutive year. The firm, one of the last major UK practices to announce its results for 2011-12, has seen PEP dip by more than a quarter, from £412,000 last year to £303,000, with fee income falling 3.4% to £56m, down from £58m in 2010-11.

By Suzi Ring

2 minute read

July 24, 2012 | International Edition

Devereux Chambers' Jonathan Fisher QC has been instructed to advise the Treasury Committee on its investigation into the Libor rate-rigging scandal, as details of the inquiry continue to emerge. Fisher, who specialises in cases involving corporate and financial crime, was appointed to advise Parliament on the inquiry earlier this month.

By Suzi Ring

2 minute read

July 19, 2012 | International Edition

Berwin Leighton Paisner (BLP) is in the process of drawing up a business plan for its Managed Legal Service (MLS) arm, following the hire of former Fujitsu director Andrew MacNaughton as chief executive for the entity.

By Suzi Ring

2 minute read

July 19, 2012 | International Edition

LG and Clifford Chance (CC) have advised on the $120m (£95m) sale of mining company GPM Georgia, as M&A activity in the sector continues to provide rich pickings for law firms.

By Suzi Ring

2 minute read

July 19, 2012 | International Edition

Full financial details of the stakes held by DLA Piper partners in LawVest – the holding company behind fixed-fee venture Riverview Law – have been revealed in a filing which breaks down the ownership of the business.

By Suzi Ring

3 minute read

July 19, 2012 | International Edition

"Despite the risk of further indulging the profession's propensity for judicial hagiography, the fact remains that it is hard to find a practitioner unhappy with the appointment of Master of the Rolls Lord Neuberger as the new president of the Supreme Court..."

By Suzi Ring

6 minute read

July 18, 2012 | International Edition

Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have become the latest law firms to pick up advisory roles related to the Libor scandal, with Freshfields acting for the Bank of England (BoE) and MoFo taking the lead for former Barclays COO Jerry del Missier. Freshfields dispute resolution partner Ian Taylor is leading the team acting for the magic circle firm's institutional client, which this week saw its governor Sir Mervyn King appear before the Treasury Select Committee to face questions over the rate-fixing scandal.

By Suzi Ring

2 minute read

July 18, 2012 | International Edition

Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Sidley Austin have advised on the €4.3bn (£3.4bn) refinancing of German property portfolio Deutsche Annington, in what is thought to be the largest-ever European real estate refinancing. A&O led for Terra Firma-owned Deutsche Annington with a team including global restructuring and insolvency head Mark Sterling, City restructuring partner Ian Field and Frankfurt banking partners Mark Manson-Bahr and Olaf Meisen.

By Suzi Ring

2 minute read

July 18, 2012 | International Edition

The former secretary general of the now-defunct Herbert Smith alliance, Olivier Clevenbergh, is set to leave Benelux firm Stibbe to launch his own boutique. Clevenbergh, who was secretary general of the decade-long alliance between Herbert Smith, Stibbe and Germany's Gleiss Lutz from July 2011 until the relationship officially ended in December last year, handed in his notice last week.

By Suzi Ring

2 minute read

July 17, 2012 | International Edition

Novartis has finalised its first legal panel since its $40bn (£25.6bn) takeover of Alcon last year, with magic circle trio Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Linklaters securing positions on the pharma company's global roster. The line-up, known as the Novartis Legal Preferred Firm Program, consists of four panels - with the core global roster sitting alongside advisers for US country, US country specialist and US country specialist intellectual property.

By Suzi Ring

3 minute read