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International Edition

Tomlinson stresses limits of Clifford Chance investigation into RBS lending practices

A Clifford Chance (CC) investigation into lending practices at the Royal Bank of Scotland (RBS) has been by criticised by the author of the report that instigated the probe.
4 minute read

International Edition

The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks

By any standards, $23bn is a lot of money. It's a bit more than the gross domestic product of Uganda, Cyprus or Estonia.
15 minute read

International Edition

Skadden promotes one London, two HK lawyers in 11-strong promotions round

Skadden Arps Slate Meagher & Flom has made up one lawyer in London and a further two in Hong Kong as part of its 11-strong promotions round.
2 minute read

International Edition

Under a watchful eye: SocGen Asia GC on why regulators are making his job harder

Seventeen years after he left Hong Kong for greener pastures Chris Davies has found himself back once again in the vibrant city.
8 minute read

Legal Week

RBS survey finds outsourcing and consolidation to rise as firms adapt to new legal market

More than 30% of law firms plan to increase their non-fee earner headcount over the next year , according to new research from the Royal Bank of Scotland.
5 minute read

International Edition

RBS survey finds outsourcing and consolidation to rise as firms adapt to new legal market

More than 30% of law firms plan to increase their non-fee earner headcount over the next year , according to new research from the Royal Bank of Scotland.
3 minute read

International Edition

German prosecutors launch fraud probe into Hengeler and Gleiss Lutz

Lawyers at Hengeler Mueller and Gleiss Lutz face a fraud probe, after German prosecutors today (25 March) launched an investigation into allegations that misleading evidence was presented in a case involving Deutsche Bank.
2 minute read

International Edition

Revealed: the elite firms advising the banks on the forex scandal

More than a dozen global law firms, including Allen & Overy (A&O) and Sullivan & Cromwell have landed major advisory roles acting for banks accused of rigging rates in the foreign exchange market, court documents reveal.
4 minute read

International Edition

East meets West – assessing Asia's performance in the Client Satisfaction Report

When does a market evolve from 'emerging' to 'emerged'? As a continent, Asia can claim to be both, with mature legal markets in the likes of Hong Kong and Singapore sitting alongside developing markets in Myanmar and Vietnam, which are only now attracting the attention of international law firms. Across the continent as a whole, divergent legal cultures and laws mean that, at times, lawyers practising in the region have to overcome many of the developmental curves shared with other, less mature, emerging markets. And because many still attempt to service the region as a whole through one or two central hubs in more developed legal jurisdictions, clients are reporting mixed satisfaction levels, according to Legal Week Intelligence's annual Client Satisfaction Report (CSR). In this year's report we look specifically at Asian legal clients and what matters most to them. Out of 98 law firms in total, we have selected the top three firms in Asia ranked for client satisfaction: King & Wood Mallesons (KWM), Clifford Chance (CC) and Herbert Smith Freehills, as in 2013-14 major Western firms dominate the top positions. Meanwhile, Asian clients are collectively slightly more satisfied than clients in other parts of the world, giving the firms they instruct an average overall satisfaction score of 7.33, beating the global average of 7.27.
8 minute read

International Edition

Rajah & Tann adds 14-lawyer team from Hunton & Williams in Bangkok

Singapore's Rajah & Tann has hired 14 lawyers in Bangkok from US outfit Hunton & Williams. The group works across several areas, namely banking and finance, corporate, and disputes and regulatory, and in industries such as telecommunications, tobacco, food & beverage, insurance and manufacturing.
2 minute read

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