Suzi Ring
May 06, 2011 | International Edition
Walkers appoints new global managing partner and chairman in top-level overhaulOffshore firm Walkers has overhauled its senior management team and elected both a new global managing partner and a new chairman. Managing partner Grant Stein is to become the Cayman Islands' firm's chairman from 1 July, replacing current postholder Wayne Panton, who is retiring after more than 20 years as a lawyer with the firm.
By Suzi Ring
2 minute read
May 06, 2011 | International Edition
Camerons set to advise Gianni on Credit Suisse negligence claimCMS Cameron McKenna has become the latest law firm to pick up an advisory role relating to the €136m (£120m) negligence claim against Linklaters by Credit Suisse. The City firm has been instructed to advise Italian independent Gianni Origoni Grippo & Partners, which faces a counter-claim by Linklaters stemming from advice the two firms gave on a bond deal with Italian food company Parmalat in 2001.
By Suzi Ring
2 minute read
May 05, 2011 | International Edition
Stress in the City only increasing, say partnersThe workload is far more stressful than 10 years ago say 90% of respondents – and law firms are not doing enough to combat the pressure
By Suzi Ring
4 minute read
May 05, 2011 | International Edition
Kennedys makes up trio of new partners in London and ManchesterKennedys has announced its annual partner promotions with a trio of lawyers made up across the firm's UK offices. Mark Skinner and Christopher Oldfield have been promoted in the liability practice in London and Manchester respectively, while Jillian Raw has joined the partnership in the City insurance group.
By Suzi Ring
2 minute read
May 05, 2011 | International Edition
Charles Russell elects new chair in management board reshuffleCharles Russell has elected corporate partner Mike Scott as its new chairman, with the firm also naming the rest of its new-look management board. Scott, who was already a member of the board, formally took over from current chairman Bart Peerless on 1 May after Peerless decided not to stand for re-election.
By Suzi Ring
2 minute read
May 05, 2011 | International Edition
LG appoints disputes and real estate group headsLG has appointed new leadership for its dispute resolution and real estate groups as the current heads' terms draw to a close. Insurance and reinsurance disputes partner David Breslin has taken over as head of the disputes practice from Andrew Witts, who has taken up the senior partner role at the firm.
By Suzi Ring
2 minute read
May 05, 2011 | International Edition
Links and Simmons lead on HMV but restructuring work remains subduedLinklaters and Simmons & Simmons have picked up lead advisory roles on the high-profile restructuring of entertainment retailer HMV. The deal, which sees Simmons advising HMV and Linklaters advising the company's banks, including Royal Bank of Scotland (RBS) and Lloyds Banking Group, is one of a handful of high-profile restructuring mandates so far this year, as advisers concede that the flood of administrations predicted at the height of the financial crisis has yet to materialise.
By Suzi Ring
4 minute read
May 04, 2011 | International Edition
Macfarlanes appoints Meek as firm's new head of corporateMacfarlanes has appointed a new head of corporate, with Charles Meek taking up the role from 1 May. Meek has replaced Kevin Tuffnell in the post and has been appointed for a three-year term.
By Suzi Ring
2 minute read
May 03, 2011 | International Edition
Holman Fenwick opens reporting season with turnover at £112.5mHolman Fenwick Willan has become the first UK top 50 firm to announce its financial results, with the firm posting revenues of £112.5m for the financial year ending 31 March. The 2010-11 turnover figure equates to a 12.6% increase in revenues compared with the £99.9m figure reported last year. However last year's figure covered an 11-month period from May to the end of March, as the firm had opted to bring its financial year-end forward by one month. A like-for-like comparison for the equivalent 12-month period puts revenues 6% up on a projected turnover figure of £106m for last year.
By Suzi Ring
2 minute read
May 03, 2011 | International Edition
BSB to regulate barrister-driven businesses post Legal Services ActThe Bar Standards Board (BSB) will apply to become an official regulator for advocacy-focussed business structures (ABSs) when they are permitted under the Legal Services Act later this year. At a board meeting late last month the BSB decided it will apply to regulate certain barrister and advocate-led structures in the future, as well as permit those entities and other self-employed barristers to conduct litigation.
By Suzi Ring
3 minute read
