NEXT
Sign in to follow

International Edition

Hannes Snellman becomes first to quit 'fiercely competitive' China

Leading Finnish law firm Hannes Snellman is in the process of closing its Beijing and Shanghai offices, making it the first foreign firm to pull out of China in the wake of the global economic slowdown. Tomas Holmberg, a Helsinki partner heavily involved with Hannes Snellman's China practice, said the weakening economy had led the 250-lawyer law firm to narrow its international strategy and focus more on the Scandinavia and Russia markets. "In challenging times like these, you have to make decisions about where to deploy your resources," he said.
2 minute read

International Edition

Greenberg secures trophy hire of Maher for London launch

US firm Greenberg Traurig is to launch in London with the hire of former Mayer Brown heavyweight Paul Maher. Maher is joining the Miami firm with two other Mayer Brown partners - corporate partner Fiona Adams and former European environment head Cate Sharp. He joins the firm as chairman of a separate UK limited liability practice to be called Greenberg Traurig Maher, and will also co-chair the US firm's global M&A practice.
2 minute read

International Edition

Appleby secures Isle of Man launch with local merger deal

Appleby has become the first global offshore firm to launch an office on the Isle of Man with a merger with local firm Dickinson Cruickshank. The tie-up, set to go live on 1 October, will gift Appleby an additional 38 lawyers, including 11 partners, taking its total partnership to 73 across its nine offices.
2 minute read

International Edition

CC, Sullivan and Skadden lead on $13.5bn Barclays sell-off

A trio of transatlantic firms have landed plum roles on the $13.5bn (£8.2bn) sale of Barclays' global investment arm to US money manager BlackRock. Blackrock is purchasing Barclays Global Investors - which includes asset management business iShares - for $6.6bn (£4bn) in cash and the remainder in stock.
2 minute read

International Edition

Skadden hires Latham HK partner in rare lateral move

Skadden Arps Slate Meagher & Flom has recruited Hong Kong corporate partner Julie Gao from Latham & Watkins. Gao, who joined Latham straight out of law school in 1998 and was promoted to partner in 2006, was regarded as an up-and-comer in Latham's Asia practice, focusing on M&A and capital markets transactions.
2 minute read

International Edition

Macfarlanes set to cut 15 jobs in second consultation

Macfarlanes has launched a second redundancy consultation with 15 jobs under threat. The consultation, which began yesterday (10 June), is set to affect 14 support staff including secretaries, as well as one professional support lawyer. The bulk of those facing the axe will come from corporate and central resources. Macfarlanes senior partner Charles Martin told Legal Week: "Regrettably this process has happened, principally as a result of market conditions. It also comes with changes to our working practices where secretaries cover more fee earners."
2 minute read

International Edition

Mergers on the agenda as firms size up recession opportunities

The City could be set for a wave of merger discussions, with Wragge & Co joining firms such as Denton Wilde Sapte in confirming that it is open to a tie-up with another firm. The Birmingham heavyweight said it would consider a union to boost its presence in London and through this internationally, but stressed that it is not actively pursuing a merger.
2 minute read

International Edition

Lovells corporate head Ashworth departs to pursue portfolio career

Lovells head of corporate finance Chris Ashworth is to leave the law firm after little more than a year. Ashworth joined Lovells from the London arm of O'Melveny & Myers in May last year and is set to leave the top 10 City law firm in the autumn.
2 minute read

International Edition

McGrigors boosts City offering with hire of Eversheds corporate finance specialist

McGrigors has expanded its City arm with the hire of Eversheds corporate partner Carsten Rumberg.
2 minute read

International Edition

CC, Freshfields and Shearman line up on Barclays stake sale

Clifford Chance (CC), Freshfields Bruckhaus Deringer and Shearman & Sterling have taken the lead roles on the high-profile sale of a stake in Barclays.
2 minute read

TRENDING STORIES

Law Pro Logo

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

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • 2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates

    Brought to you by LexisNexis® CounselLink®

    Download Now

  • AI in Private Equity: A Guide for Gaining an Early Advantage

    Brought to you by Ontra

    Download Now

  • Why Are So Many Law Firms Suddenly Embracing Digital Transformation?

    Brought to you by AllRize

    Download Now

  • 2025 State Legislative Sessions

    Brought to you by LexisNexis®

    Download Now