CMS seals Nabarro office sublet to Lloyds as efforts to offload Olswang HQ rumble on
Lloyds Banking Group moves into Nabarro's former City base as 30,000 sq ft of Olswang's old premises remain untaken
November 13, 2017 at 06:00 AM
3 minute read
CMS has completed deals to sublet all of Nabarro's former London offices and about two thirds of Olswang's old premises, following the firms' three-way merger earlier this year.
The entirety of legacy Nabarro's City base at 125 London Wall has now been taken on by Lloyds Banking Group, with University College London (UCL) and US law firm Quinn Emanuel Urquhart & Sullivan moving into Olswang's former London headquarters at 90 High Holborn.
However, CMS still has one floor left to lease at 90 High Holborn, where Olswang occupied 91,000 sq ft over five floors under a lease running to 2022.
In a statement today (13 November), CMS said there was "positive interest" in the remaining floor, which comprises about 30,000 sq ft.
Legacy Olswang had been resident in the premises since 2002. UCL, which has taken about 45,000 sq ft of space, moved in this August, while Quinn moved into the building in May.
Meanwhile, the Lloyds deal has seen the bank take on all 120,000 sq ft of Nabarro's former premises at 125 London Wall, under a lease running until 2025. The bank has moved in today (13 November). The financial details are confidential, but CMS said it will have no ongoing financial obligations in relation to these deals.
CMS UK managing partner Stephen Millar said: "Six months on from the completion of our merger, we have achieved a phenomenal amount together and continue to deliver on a number of strategic objectives, including the rationalisation and upgrade of our property portfolio."
Partners voted in favour of the three-way merger last year, with the firms signing a lease to take two extra floors at CMS's London base at Cannon Place.
Separately, CMS has also moved into new offices in Singapore and Dubai.
In Singapore – where prior to the merger CMS did not have a presence – Olswang and Nabarro have merged their teams, with the resulting 28-lawyer operation moving into premises in the new Marina Bay financial district. The office is being led by legacy Olswang Asia managing partner Andrew Stott, who is now CMS managing partner for Singapore.
Meanwhile, in Dubai, the pre-merger CMS and Nabarro teams have joined forces in a new office in Burj Daman in the Dubai International Financial Centre. CMS partner and head of Middle East corporate John O'Connor and legacy Nabarro partner Mark Rocca are leading the nine-partner practice in the emirate.
CMS confirmed that there had been no redundancies as a result of combining offices and that the firm was "actively recruiting in a number of areas".
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 AllGibson Dunn Sued by Crypto Client After Lateral Hire Causes Conflict of Interest
Australian Corporations More Concerned About Class Actions Risk, HSF Report Finds
3 minute readSingapore Oil Tycoon Appeals 17.5 Year Prison Sentence In Fraudulent Trading Case
Charles Russell Speechlys Opens in Milan to Focus on Ultra-High Net Worth Clients
Trending Stories
- 1LexisNexis Responds to Canadian Professor’s Criticism of Lexis+ AI
- 2'Everything Leaves a Digital Footprint': How to Navigate the Complexities of Internal Investigations
- 3Baker McKenzie Accepts Defeat on Australian Integration With Firm's Asia Practice
- 4PepsiCo's Legal Team Champions Diversity, Wellness, and Mentorship to Shape a Thriving Corporate Culture
- 5The Dynamic Duo Behind CMG's Legal Ops Team
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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