Stephenson Harwood has recently achieved significant financial milestones, breaking through the £300 million revenue mark for the first time and posting record financial results for the 2024/25 fiscal year. This achievement underscores another year of double-digit revenue growth for the firm. These impressive financial results have been accompanied by an increase in the firm’s bonus…
PAI Partners, the prominent European private equity firm, has announced the appointment of a seasoned PIMCO lawyer as its first-ever General Counsel. This strategic move comes as PAI continues to expand its operations, following several high-profile deals in recent months. The newly appointed General Counsel has a distinguished legal career, including a 14-year tenure at…
As military tension escalates in the Middle East, the tranquility historically associated with Dubai is being disrupted. This development is particularly significant for the legal professionals working in this major hub for international law firms and corporations. Many are beginning to feel uncertain about their safety and future in the city. Amid the stress of…
Since the recent outbreak of military conflict in the Middle East, the normally serene splendor of Dubai has started to change, causing unease among its expatriate community. The current tensions between Iran and Israel have led to fears that the conflict could spill over into the GCC region, which includes Dubai. This development has raised…
In a strategic move to strengthen its private equity capabilities in London, law firm Dechert has hired the assistant general counsel from the Singaporean sovereign wealth fund GIC. This recruitment is anticipated to notably enhance Dechert’s presence in the private equity sector, underscoring and further solidifying its ongoing partnership with GIC. For more details, please…
The increasing presence of third-party litigation funding in Canada is raising concerns within the insurance sector. A report by Dentons, commissioned by the Insurance Bureau of Canada, warns that these financial vehicles are being leveraged by investors to benefit from legal disputes, consequently driving up insurance costs for Canadian businesses. The trend could potentially lead…
FisherBroyles has expanded its presence in Mexico with the addition of a new partner, bringing their total lawyer count in the country to 11. This move aligns with the firm’s broader strategy to establish a significant footprint in Latin America. Sergio Legorreta, a specialist in technology law, joins the Mexico City office. Previously at Dentons…
In a strategic move set to influence the evolution of AI in the legal profession, Dentons Canada announced its partnership with Toronto-based “venture studio” AXL. This collaboration aims to co-develop ventures incorporating artificial intelligence within the legal sector. The partnership signifies a step forward in the integration of AI technology into legal practices, a shift…
The pay disparity between the highest- and lowest-paid equity partners at some of the world’s most profitable law firms has widened further. In recent years, the largest law firms have shifted their partner compensation models to accommodate top performers, resulting in a growing spread in partner pay. According to recent data from ALM, firms listed…
In a recent development at London’s High Court, Getty Images withdrew its primary copyright infringement claim against Stability AI. This case is significant as it pertains to the evolving intersection of artificial intelligence and copyright law, a matter scrutinized closely by legal and technology sectors alike. However, the case is not entirely concluded. Secondary infringement…
“`html The UK arm of the prominent US law firm Steptoe & Johnson has been issued a formal warning by the UK’s legal regulatory body for alleged violations of Russian sanctions regulations. The firm, recognized among Am Law 100, faced scrutiny following an investigation by the Solicitors Regulation Authority (SRA) that revealed “multiple breaches of…
Latham & Watkins, Chiomenti, and Pedersoli Gattai are playing pivotal roles in Ares Management’s major acquisition in the energy sector. The transaction involves a €2 billion purchase of a minority stake in Italian energy firm Plenitude. This move by Ares Management, focusing on a 20% stake in Eni’s renewable energy and retail business, marks a…
In an effort to enhance employee well-being, Burges Salmon has formed a partnership with Octopus Money to offer personalized financial advice to its 1,200 employees. This initiative aims to mitigate the stress that financial concerns can impose, especially on younger legal professionals who face a combination of financial pressures and workplace demands.
King & Wood Mallesons (KWM) and Simmons & Simmons have secured significant fees for their advisory roles in the $3.2 billion initial public offering (IPO) of Greatland Resources on the Australian market. KWM is set to receive $1.2 million, while Simmons & Simmons will be paid $455,000 for their contributions as detailed in the original…
“`html Spanish law firm Cuatrecasas has closed its Beijing office, a move that sees them consolidating their presence in Asia with a sole remaining location in Shanghai. This closure reflects a shift in strategy from just a few years ago when the firm expressed significant interest in expanding in China post-Covid lockdowns. At that time,…
Spanish law firm Cuatrecasas has closed its office in Beijing, marking a strategic shift as the firm now maintains its sole Asian presence in Shanghai. Established in 2017, the Beijing office once played a key role in the firm’s China strategy, but it has since been removed from the firm’s website. The office’s managing partner,…
In 2024, Big Law firms in the United States saw a steady but gradual increase in diversity, as detailed in the American Lawyer’s annual talent report. The report highlights that nearly every underrepresented group made gains in representation within these firms while no group experienced a decrease. The report serves as a tool to understand…
A recent ruling by a Canadian appeals court has permitted a class action lawsuit to proceed against gun manufacturer Smith & Wesson. This legal action is being pursued by the families of victims and survivors of one of Canada’s major mass shooting incidents, which occurred in a bustling Toronto neighborhood in 2018. The lawsuit aims…
“`html Amid ongoing changes within the firm, A&O Shearman has experienced another significant departure. The firm recently saw a four-lawyer intellectual property team from its Paris office, including partner Alexandre Rudoni, exit to join Hogan Lovells. This move is part of a broader trend, as A&O Shearman has lost over 60 partners since announcing a…
A&O Shearman continues to experience significant departures from its ranks, as another team has left the firm. This time, a partner-led, four-lawyer intellectual property team from its Paris office joined Hogan Lovells. This follows an earlier exit of London-based financial institutions global co-head Barney Reynolds to Sullivan & Cromwell and is part of a trend…
Freshfields has secured another sports competition law case, representing the U.K.’s Super League Basketball in a legal battle against the British Basketball Federation and GBB League Limited (GBBL). This case, filed in London’s High Court, accuses the federation of breaching competition law and other misconducts concerning the professional basketball league licensing. The dispute emerged after…
In a transaction reflecting ongoing trends in cross-border acquisitions, Advent has agreed to purchase Spectris, a client of Slaughter and May, for £4 billion. Legal representation for Advent is being provided by London-based teams from Cleary Gottlieb Steen & Hamilton and Weil, Gotshal & Manges. This acquisition underscores the continued interest by U.S. entities in…
In a notable move in the legal industry, Allen & Overy Shearman has secured the services of Hannah Cassidy, previously the Head of the Asia Financial Services Regulatory Practice at HSF Kramer. This marks the first partner departure from HSF Kramer in Asia following its recent transatlantic merger, highlighting the shifting landscape of legal expertise…
Cuatrecasas, a prominent Spanish law firm, has strategically enhanced its Latin American team by adding three new partners across various practice areas. This recruitment drive reflects the firm’s focus on strengthening its presence and capabilities in key sectors within the region. The new partners include a professional drawn from Deloitte’s ranks, an experienced in-house counsel,…
The ongoing military tension involving the U.S. and Iran has prompted law firms in the region to prioritize the safety of their legal professionals. This strategy is of particular significance given the strong presence that major international law firms maintain across the Middle East, a region whose instability could have far-reaching effects on law practice…