Siemens cuts Reed Smith from its UK panel following review
Reed Smith out and Addleshaw Goddard in following electronics giant's panel review
March 10, 2016 at 07:53 AM
2 minute read
Reed Smith has been replaced by rival Addleshaw Goddard on engineering and technology company Siemens' UK legal panel following a review.
Eversheds, Addleshaw Goddard and Osborne Clarke have all won spots on the three-year panel, which will come into effect from March 2016.
The electronics giant last reviewed its UK panel in 2013 when Reed Smith, Eversheds and Osborne Clarke won spots.
Reed Smith was not been handed a spot this time around, while Addleshaw Goddard won a place.
The previous review in 2013 streamlined the panel dramatically cutting firms including Pinsent Masons, Watson Farley & Williams, Manches, Hofstetter, legacy DWF firm Biggart Baillie, Shepherd & Wedderburn and Arthur Cox.
Reed Smith announced its global results today. It reported a 2.5% fall in revenue and an 8.3% fall in profit per equity partner (PEP).
The Pittsburgh-headquartered firm's revenue declined from $1.15bn (£808m) in 2014 to $1.12bn (£787m) in 2015, a dip of 2.5%.
Other recent panel reviews include engineering company Weir Group, which unveiled its inaugural panel in January, appointing Burness Paul, CMS Cameron McKenna, Baker & McKenzie and Herbert Smith Freehills.
In December 2015 British Land announced its first panel with Addleshaw Goddard, Freshfields Bruckhaus Deringer, Herbert Smith Freehills, Jones Day, King & Wood Mallesons, Mayer Brown and Simmons & Simmons all winning places.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllBarclays restructures legal team ahead of ringfencing reforms
Barclays restructures legal team ahead of ringfencing reforms
Barclays restructures legal team ahead of ringfencing reforms
Barclays restructures legal team ahead of ringfencing reforms
Trending Stories
Who Got The Work
Dechert partners Andrew J. Levander, Angela M. Liu and Neil A. Steiner have stepped in to defend Arbor Realty Trust and certain executives in a pending securities class action. The complaint, filed July 31 in New York Eastern District Court by Levi & Korsinsky, contends that the defendants concealed a 'toxic' mobile home portfolio, vastly overstated collateral in regards to the company's loans and failed to disclose an investigation of the company by the FBI. The case, assigned to U.S. District Judge Pamela K. Chen, is 1:24-cv-05347, Martin v. Arbor Realty Trust, Inc. et al.
Who Got The Work
Arthur G. Jakoby, Ryan Feeney and Maxim M.L. Nowak from Herrick Feinstein have stepped in to defend Charles Dilluvio and Seacor Capital in a pending securities lawsuit. The complaint, filed Sept. 30 in New York Southern District Court by the Securities and Exchange Commission, accuses the defendants of using consulting agreements, attorney opinion letters and other mechanisms to skirt regulations limiting stock sales by affiliate companies and allowing the defendants to unlawfully profit from sales of Enzolytics stock. The case, assigned to U.S. District Judge Andrew L. Carter Jr., is 1:24-cv-07362, Securities and Exchange Commission v. Zhabilov et al.
Who Got The Work
Clark Hill members Vincent Roskovensky and Kevin B. Watson have entered appearances for Architectural Steel and Associated Products in a pending environmental lawsuit. The complaint, filed Aug. 27 in Pennsylvania Eastern District Court by Brodsky & Smith on behalf of Hung Trinh, accuses the defendant of discharging polluted stormwater from its steel facility without a permit in violation of the Clean Water Act. The case, assigned to U.S. District Judge Gerald J. Pappert, is 2:24-cv-04490, Trinh v. Architectural Steel And Associated Products, Inc.
Who Got The Work
Michael R. Yellin of Cole Schotz has entered an appearance for S2 d/b/a the Shoe Surgeon, Dominic Chambrone a/k/a Dominic Ciambrone and other defendants in a pending trademark infringement lawsuit. The case, filed July 15 in New York Southern District Court by DLA Piper on behalf of Nike, seeks to enjoin Ciambrone and the other defendants in their attempts to build an 'entire multifaceted' retail empire through their unauthorized use of Nike’s trademark rights. The case, assigned to U.S. District Judge Naomi Reice Buchwald, is 1:24-cv-05307, Nike Inc. v. S2, Inc. et al.
Who Got The Work
Sullivan & Cromwell partner Adam S. Paris has entered an appearance for Orthofix Medical in a pending securities class action arising from a proposed acquisition of SeaSpine by Orthofix. The suit, filed Sept. 6 in California Southern District Court, by Girard Sharp and the Hall Firm, contends that the offering materials and related oral communications contained untrue statements of material fact. According to the complaint, the defendants made a series of misrepresentations about Orthofix’s disclosure controls and internal controls over financial reporting and ethical compliance. The case, assigned to U.S. District Judge Linda Lopez, is 3:24-cv-01593, O'Hara v. Orthofix Medical Inc. et al.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
