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London development agency GC focuses on legal regeneration
Since making the move to the London Development Agency from air traffic control company NATS last year, general counsel Debbie Adams has set in motion the wheels of change at the body's legal team. After inheriting a skeleton legal team of nine secondees and temporary lawyers, Adams earlier this year began hiring a raft of new lawyers at all levels of seniority.Serious Fraud Office Confirms Criminal Powers to Tackle Libor Manipulation Offenses
Bankers involved in the Libor-rigging scandal could face jail terms after the U.K.'s Serious Fraud Office confirmed that existing legislation will suffice to bring criminal actions against banks and individuals. A former SFO official said Barclays, the Royal Bank of Scotland and Lloyds Banking Group could be inspected.Cleveland's Benesch Hires New Shanghai Head
Richard Grams was previously a Shanghai partner with Atlanta's Troutman Sanders.Locke Lord Hires Five Partners in Hong Kong
Locke Lord is expanding in Hong Kong through an association with local firm Cheung & Lee, which counts five partners: Balbir Bindra, Wing Cheung, Alfred Lee, Tejinder Mahil and Matthew Wong. Previously little known internationally, Dallas-based Locke Lord recruited several Salans partners last year to launch a London office as part of a push to expand overseas.U.K. Top 50 Law Firms Post Best Growth Figures Since 2008
The U.K.'s top law firms have endured turbulent market conditions to achieve their best growth performance since 2008, with the top 50 firms expanding their revenues by 3.6 percent over the last financial year. In addition, the group as a whole saw profits per equity partner rise by 4.4 percent.Hogan Lovells Enters Jakarta With Indonesian Association
Hogan Lovells has set up an association with a law firm in Indonesia, where foreign law firms are prohibited from opening branch offices. The firm has joined forces with 22-lawyer practice Hermawan Juniarto.Trending Stories
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