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International Edition

On the same page - GCs argue the case for value-based billing

A high-level panel of general counsel argue that value-based billing can deliver if it creates incentives for both client and adviser. Meredith Hobbs reports
5 minute read

International Edition

Freshfields appoints local China chair and relocates two partners to region

Freshfields Bruckhaus Deringer has signalled its commitment to its China practice with the firm relocating two partners from London and appointing its first-ever local chairman. China managing partner Teresa Ko is set to take on a new client-facing role as chairman of the China practice on 1 May, with her local management responsibilities passing onto Asia managing partner Rob Ashworth.
2 minute read

International Edition

Herbert Smith names corporate partner to governance council

Herbert Smith has made a new appointment to its governing body, electing London corporate partner Alex Bafi to the firm's partnership council. Bafi was voted onto the council earlier this month and will replace corporate partner Gareth Roberts as one of four City-based partners elected to sit on the nine-partner committee. He will take up his new position on 1 May.
2 minute read

International Edition

Weil Gotshal to broaden global practice following McKinsey review

Weil Gotshal & Manges is set to broaden its practice focus following a review of its international strategy by management consultant McKinsey & Company. The Wall Street law firm's executive partner Barry Wolf is adjusting his three-year strategy – dubbed 'Weil 2012' – to focus more heavily on finance and litigation following advice from the bluechip consultant.
2 minute read

International Edition

Ashurst plans Hong Kong dispute resolution practice launch with Simmons hire

Ashurst is set to launch a Hong Kong dispute resolution practice with the hire of Simmons & Simmons China disputes head Gareth Hughes. Hughes, who specialises in disputes relating to banking and financial services, will become the eighth partner in Ashurst's Hong Kong base.
2 minute read

International Edition

A looser grip? – a new style beckons at Linklaters

While it is common to overplay the significance of individuals within businesses, there is no doubt that the end of David Cheyne's term as senior partner at Linklaters will mark the end of an era for one of the City's proudest brands. That is less because Cheyne personally embodied Linklaters - like Nigel Boardman at Slaughter and May, he remained too individualistic and self-contained for that - but he obviously represented the spiritual heartland of the firm: its City corporate practice. Given the huge changes the firm has seen over the last 15 years, and considering the three candidates it is currently considering to replace him, the new senior partner will, to a certain extent, represent the new face of Linklaters, particularly in terms of the huge expansion in its banking practice and international network. A new senior partner also seems likely to signify a shift to a more contemporary or informal style - less so in age, but certainly in personal approach.
3 minute read

International Edition

LawSoc election sees future president voted in

The Law Society has elected its future leader with the appointment of Nick Fluck as its new deputy vice president (DVP). The Law Society Council has voted in Fluck, a partner at Stapleton & Son in Lincolnshire, to take up the role from in July this year. The election means that Fluck, who is chair of the Law Society's technology and law reference group, will become Law Society president in 2013. He stood against Denis Cameron and Ian Kelcey in the vote, which closed yesterday (11 April).
2 minute read

International Edition

Paul Hastings names new London managing partner

Paul Hastings Janofsky & Walker has appointed corporate vice chairman Ronan O'Sullivan as managing partner of the US firm's London office, following the announcement that incumbent Phil Feder is set to return to Los Angeles. O'Sullivan, who joined Paul Hastings six years ago from Herbert Smith and made partner in 2006, will continue to drive the firm's global strategy to grow its corporate practice in London.
2 minute read

International Edition

Linklaters senior partner contenders put forward their case for election

Linklaters' senior partner election is nearing its final stages, with the three contenders presenting their manifestos to the partnership at the magic circle firm's annual partner conference in Paris. Global banking chief Robert Elliott, head of litigation John Turnbull and European managing partner Jean-Pierre Blumberg are all expected to present their strategies for the firm during the conference, which ends tomorrow (9 April).
2 minute read

International Edition

Davis Polk votes in Scot as firm's first-ever non-US managing partner

Davis Polk & Wardwell has announced that corporate head Thomas Reid has been elected managing partner of the US firm, reports The Am Law Daily. Reid, who was born in Kircaldy in Scotland, is the first managing partner in Davis Polk's history born outside the US. He attended the University of Edinburgh School of Law and Columbia Law School.
2 minute read

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