In a notable development within the competitive legal industry, Sidley Austin has successfully attracted another partner from Latham & Watkins. J. David Stewart, who serves as the London co-chair of corporate at Latham, is set to join Sidley’s growing team in London. This news follows a significant team exit from Latham last year, which has…
Amazon and Nokia have resolved all patent litigation through a global, multi-year patent settlement, which spans from Germany to Brazil. This settlement puts an end to a dispute that had been in contention since October 2023. Hogan Lovells and Alston & Bird played pivotal roles in facilitating this agreement over video technology disputes. Lawyers from…
The introduction of the Basel IV regulations is set to reshape the landscape of banking and private credit in Europe. These regulations, which will come into effect from 2025, are expected to further bolster the private credit industry by necessitating that banks adhere to a standardized model for determining credit risk. This change will prohibit…
The United States has announced sanctions targeting six officials from Greater China, including Chinese and Hong Kong representatives, based on accusations of transnational repression and threats to national security. These individuals are accused of actions that allegedly undermine the autonomy of Hong Kong, a move the U.S. Department of State claims violates China’s own commitments….
The surge in IPO activity in India during 2024 has caught the attention of foreign investors and legal advisers. Notably, international law firms, including Sidley, Hogan Lovells, White & Case, Linklaters, A&O Shearman, and Duane Morris, were actively involved in the Indian market, participating in at least 28 listings. These firms dealt with mandates in…
Orrick Herrington & Sutcliffe has reported significant financial growth for 2024, surpassing $1.5 billion in revenue, marking their fourth consecutive year of top-line growth. The firm posted a revenue of $1.59 billion, reflecting an 8.8% increase from the previous year. Net income reached $470.74 million, a 14.8% rise from 2023. Moreover, profits per equity partner…
In 2024, Spanish law firm Cuatrecasas reported a significant revenue increase, reaching a total of €436.1 million ($471 million), marking a 12.2% growth compared to the previous year. This notable financial achievement reflects the firm’s expansion in transformative sectors, including international arbitration. Over the last three fiscal years, Cuatrecasas has experienced a cumulative growth of…
Hogan Lovells has announced the acquisition of a four-partner litigation team from Kramer Levin Naftalis & Frankel. This move occurs as Kramer Levin is preparing to complete its trans-Atlantic merger with Herbert Smith Freehills. The team, led by former litigation department chair Gary Orseck, includes William Trunk, Jennifer Windom, and Matthew Madden. Their expertise spans…
In a recent shift, major law firms have been modifying leadership statements on their websites to exclude the term “diversity”. This trend signals a broader industry movement away from the emphasis on Diversity, Equity, and Inclusion (DEI) principles. Prominent firms such as Bryan Cave Leighton Paisner and Morgan Lewis & Bockius have been identified as…
“`html The complex landscape of third-party litigation funding has recently come under scrutiny, particularly in light of the fallout from the Mastercard-Merricks settlement. The settlement, a significant milestone after a decade of litigation, became contentious when the third-party funder filed a lawsuit against Mr. Merricks, the class action representative, for settling. This prompted Mastercard to…
Simmons & Simmons has formally announced its plan to relocate its London headquarters to 25 Finsbury Circus in 2030. The move will see the firm expand from its current space at CityPoint to a larger office. The new location will offer the firm 155,000 square feet, an increase of 22,000 square feet from the current…
Following the recent 7.7 magnitude earthquake near Mandalay, Myanmar, international law firms with operations in Thailand and Myanmar have resumed full operations. The quake, which occurred on March 28, is considered one of the largest in Myanmar since the 20th century, alongside the historic 7.9 and 7.0 magnitude quakes of 1912 and 1990 respectively. Read…
In a concerted effort to expand its international presence, the Japanese law firm Miura & Partners is set to launch a new office in Hong Kong, marking its fourth foreign office opening this year. Earlier in 2025, the firm opened offices in Seattle, Kuala Lumpur, and Bangkok. The Hong Kong office will be led by…
PwC has projected that Singapore’s sustainability legal services market is set to triple in value by 2033. However, the current landscape reveals that Singapore’s legal market is not entirely prepared to meet this growth. A significant challenge identified is the potential skills gap in sustainability-related technical knowledge within the legal sector. The increasing demand underscores…
Papua New Guinea, often abbreviated as PNG, is emerging as a focal point for international law firms due to its substantial deposits of natural resources such as copper, gold, silver, nickel, cobalt, and oil and gas. Despite the country’s economic challenges, including a small economy relative to the U.S. and a large agrarian population, these…
“`html Paul Tiger, a high-profile M&A partner at Freshfields Bruckhaus Deringer in New York, has exited the firm after a tenure spanning just over five years. Tiger was part of a strategic recruitment in 2019, joining from Cleary Gottlieb Steen & Hamilton alongside renowned legal figures such as Ethan Klingsberg and Meredith Kotler. This move…
White & Case has decided to terminate its diversity and inclusion functions in response to changes in the political environment under the new Trump administration. Instead, the global law firm is introducing an initiative aimed at strengthening professional skills training and fostering engagement for its non-partner lawyers and business services professionals. This move aligns with…
In a strategic leadership change, Lino Mendiola has taken over the role of U.S. CEO and global co-CEO at Eversheds Sutherland, succeeding Mark Wasserman. Known for facilitating the 2017 transatlantic merger between U.S. and U.K. firms, Wasserman leaves a significant legacy. Mendiola, an experienced energy lawyer, aims to drive strategic growth by focusing on specialty…
Paul, Weiss, Rifkind, Wharton & Garrison is advancing its expansion strategy in London through significant hires from Akin, Gump, Strauss, Hauer & Feld, and Slaughter and May. Notably, the firm has introduced a UK litigation practice, enhanced by the addition of Akin partner Richard Hornshaw. This move signifies Paul Weiss’ commitment to bolstering its presence…
Travers Smith has expanded its finance team by hiring Mandip Englund as the new head of restructuring and insolvency. Englund, who previously worked at Fried, Frank, Harris, Shriver & Jacobson, brings with him notable expertise in financial restructuring, distressed investing, and formal insolvency. This move is part of a broader trend of lateral recruitments at…
Lewis Brady, a former London managing associate in the cyber, privacy, and data innovation team at Orrick, Herrington & Sutcliffe, is facing allegations of engaging in “unwanted and/or inappropriate and/or sexually motivated” conduct. These accusations have been brought forward by two of his former colleagues during proceedings at the Solicitors Disciplinary Tribunal in London. For…
Paul Hastings is setting its sights on establishing a regional hub in Abu Dhabi that will serve as a critical link between the Middle East, Europe, the U.S., and Asia. This initiative is supported by the recruitment of three partners from White & Case to bolster their infrastructure expertise. Dinmukhamed ‘Din’ Eshanov and George Kazakov…
Simpson Thacher and Nishimura & Asahi are serving as advisors to KKR in connection with the $2.3 billion management buyout of Topcon, a Japanese medical equipment company. The buyout sees KKR investing approximately $1.7 billion for a majority stake, while the Japan Investment Corporation (JIC), through its private equity arm, is investing $635 million for…
Simpson Thacher and Nishimura & Asahi are providing legal counsel to KKR in the significant management buyout of Japan’s Topcon Corporation, valued at $2.3 billion. This transaction also sees involvement from Japan Investment Corp (JIC), which is advised by Nagashima Ohno & Tsunematsu and AMT. KKR is committing approximately $1.7 billion for a dominant stake,…
Eversheds Sutherland has expanded its technology, media, and telecoms practice by welcoming Simon Kenyon, a former senior partner at DLA Piper. This strategic move is set to bolster Eversheds’ presence in the UK tech disputes sector. Kenyon, who spent a significant part of his career at DLA Piper, bringing with him a wealth of experience…