Reputable international law firm White & Case has announced the addition of two seasoned lawyers, José Antonio de la Calle and Sanna Orkan, in its newly launched antitrust practice in Spain. The Madrid office of White & Case is set to serve as the new home for the duo, who had previously operated a unique…
In an ongoing legal dispute, Reed Smith, Miami-based litigation firm, has procured a victory for Brazilian non-lethal weapons manufacturer, Condor. Condor was sued by the Bolivian government, the claim stating that the Brazilian company was complicit in a bribery scheme through a third-party vendor. The scheme was allegedly maintaining the production of tear gas and…
In a recent development, the Australian government is set to consider the level of pro bono efforts made by a law firm when assigning work. As part of a new initiative, the government will weigh the extent of voluntary, unpaid work carried out by the legal firms. In addition to this, the government also plans…
In stark contrast to U.S. norms, international privacy watchdogs have issued calls to social media behemoths to shield their users’ publicly available information from web-scraping, a widely-employed commercial practice in the United States. In other jurisdictions, this can be tantamount to a reportable data breach. These concerns are echoed in Britain, particularly. “Social media companies…
Business leaders and academics have expressed concerns over the ramifications of the EU AI Act, marking the world’s first significant legislation designed to regulate artificial intelligence. The act was proposed in 2021, and has recently cleared one of its largest obstacles by gaining the green light from the European Parliament. This paves the way for…
In a recent move by the International Federation of the Red Cross, law firm Reed Smith has been enlisted to set up an insurance and reinsurance facility. The aim is to use this facility as a means of providing additional financial support to their disaster response actions. Law.com reports. Providing advice on various aspects including…
According to the information provided on Slaughter and May’s website, their ‘Best Friends’ network – a collective of elite European law firms – had a significant role in M&A deals valued at $288 billion in 2022, based on Mergermarket’s data. This contribution significantly outpaces those of other top legal advisors such as Freshfields Bruckhaus Deringer,…
An in-depth analysis of five years of merger and acquisition (M&A) data by Law.com International raises questions about the collective effectiveness of ‘best friends’ network of Slaughter and May. Including other European top-notch firms such as Hengeler, De Brauw, Uria, Bredin Prat and BonelliErede, the data revealed how frequently the members of this renowned European…
Hoda Naghdy, a former director and real estate and projects lawyer at PwC Australia, has recently joined the partnership at Australian firm Lander & Rogers. This move reflects Naghdy’s departure from PwC, a firm currently mired in controversy. The crisis traces back to revelations that PwC misused confidential information on tax law changes it obtained…
In a recent strategic move, Clifford Chance has recruited Philip Podzebenko, a seasoned real estate and infrastructure partner from Herbert Smith Freehills, to join its Sydney office. This information was relayed in an exclusive report by Law.com’s international edition. The enlistment of Podzebenko is intended to add much-needed senior capabilities in both real estate and…
The United Kingdom-based global law firm, DAC Beachcroft (DACB), has established an association with Incisive Law, a Singapore firm which was previously associated with Ince Group. The partnership forms part of DACB’s expansion plans, as it builds upon its Singapore office, established in 2011. Incisive Law also hired a new partner from Rajah & Tann…
In a recent strategic move, Nishimura & Asahi, lauded as the largest law firm in Japan by headcount, has initiated an alliance with Philippine-based law firm Sy & Partners. This recent development is part of Nishimura & Asahi’s ongoing initiative to further its reach across the Southeast Asian region. It is worth noting that the…
Concerns are growing over the future of the legal profession in China, with international companies struggling to hire, while domestic Chinese companies are expanding at a reduced pace compared to two years ago. Legal recruiters are indicating that China’s lateral market is suffering its worst period in over a decade, comparable to the turbulence experienced…
Fasken Martineau DuMoulin has secured the expertise of preeminent technology attorney, Marc Shewchun, formerly of Blake, Cassels & Graydon. While at his previous firm, Shewchun initiated Nitro, a service designed to extend affordable, tailored legal services to budding tech companies. Law.com reported these arrangements. Now a partner at Fasken, Shewchun will operate within the rising…
International law firm, Greenberg Traurig, has successfully secured a license to establish an office in the United Arab Emirates (UAE) and has accordingly hired two experienced professionals in real estate and hospitality laws – Stephen Kelly and Sarah Mahood – from Bryan Cave Leighton Paisner. This announcement marks a continuation of major law firms, specifically…
Singapore’s leading firm, Drew & Napier, is preparing to launch an international arbitration claim against the Swiss government. The claim is on behalf of a group composed chiefly of high-net-worth individuals and accredited investors of Credit Suisse Additional Tier 1 (AT1) bonds in Hong Kong and Greater China. The development was revealed exclusively to Law.com…
White & Case has played a significant role in assisting Banco Santander, based in Spain, in acquiring a license to operate its digital establishment in Mexico. This setup represents a significant stride in the bank’s digital presence in one of its top performing markets. Heading the operation were Teresa Fernández, a local partner in debt…
Shearman & Sterling, a firm slated for a significant planned merger vote with Allen & Overy next month, has experienced a considerable loss in its Paris team. Four partners from its private equity division have announced their departures. The partners in question include Xavier Norlain, Jeremy Scemama, Maud Manon, and Matthieu Lampel, all prominent entities…
Pérez-Llorca, a renowned Spanish law firm, is continuing to mark its international presence with a new office launch in Lisbon. Expected to open in 2024, this launch signifies a rapid international expansion for the firm, as three out of its five international offices will have been established within a span of merely three years. Read…
Internationally recognized law firm, Squire Patton Boggs, is set to open a new office in Amsterdam in the coming fall season. This new addition forms the firm’s 16th office strategically situated in Europe. The Amsterdam office is primed to host a highly skilled team of four corporate law and private equity practitioners. Heading the Amsterdam…
Legal professionals, particularly those interested in legal corporate acquisition outcomes, may already be aware of the significant profit decline reported by UK law firm Gateley. According to a recent article on Law.com, Gateley’s profits fell 47% following its recent acquisitions.Refer to this link for the full report. In response to this significant decline in profits,…
Pragnesh Modhwadia, the suspended owner of Axiom Ince, will challenge the £57M freezing order set against him by London’s High Court, states his lawyer. The unprecedented legal battle involving a law firm against its own managing partner and owner, is poised to unfold in the High Court. Axiom Ince achieved a freezing order of £57,522,510…
According to a recent survey, the management of client funds by UK law firms is rapidly becoming an uncommon practice. The survey indicates that nearly three quarters of UK’s top 100 law firms are opting for external management of client funds to navigate concerns around due-diligence, data security and regulatory issues. Specifically, the topics of…
September marks an upturn in billing and collections efforts from law firms, with the fourth quarter pending. This initiative becomes even more critical, as this year, the industry has faced demand drops, and successful billing and collections will determine the revenue and profit growth of law firms in 2023. As noted by Gretta Rusanow, Head…
In a move set to strengthen Webber Wentzel’s disputes practice, the firm has scored a strategic hire from PwC. The new team will aid the firm in navigating the convoluted field of business crime. Unfortunately, full details of the story are behind a paywall. For the complete article, please follow this link.