RBG Holdings, a legal services group, has suspended trading of its shares on the London Stock Exchange following weeks of financial difficulties and internal disputes with its founder, Ian Rosenblatt. Prior to this announcement, the company’s shares had been trading at less than a penny. This temporary measure seeks to provide clarity regarding the company’s…
Law firm mergers present a unique set of challenges, particularly when it comes to managing partner exits. Firms must carefully balance the need to retain top talent while also addressing situations where a partner’s performance, practice, or outlook may not align with the strategic direction of the newly merged entity. This complex dynamic requires a…
Private equity investment in law firms is once again becoming a subject of interest, with discussions resurfacing about its potential impact and growth in the industry in the coming years. The conversation is fueled by the success stories of private equity involvement in firms such as DWF and ECIJA in recent years. Since the 2012…
In a significant development within the insurance and healthcare sectors, Ping An Insurance has acquired a $1.7 billion stake in its healthcare arm. Legal advisers from three distinct firms played a crucial role in facilitating this acquisition. However, the detailed specifics of the firms involved in this transaction remain behind a paywall. Those interested in…
Two regional law firms, Matouk Bassiouny and Balfaqeeh Advocates, have revealed plans to merge their UAE operations, forming Matouk Bassiouny & Balfaqeeh. This strategic partnership will combine the expertise and resources of both firms in Abu Dhabi and Dubai. This merger represents the third of its kind in the region over the past two years,…
“`html Legal firms are adopting strategic financial mechanisms like clawbacks and deferred compensation, often termed ‘golden handcuffs’, in a bid to reduce partner attrition. This trend comes in response to an increasingly competitive legal market where poaching is prevalent, compelling firms to innovate in their retention tactics. Legal recruiter Mike Parrillo highlights these strategies as…
In a continued reshaping of its business in Germany, Clifford Chance is witnessing the departure of its head of real estate and a senior partner, marking the exit of three real estate partners in just three months. The shift comes as the firm appears to be refocusing its attention on cross-border deals, amid a challenging…
“`html In a significant development, Herbert Smith Freehills has bolstered its presence in Germany by hiring a 10-lawyer team from Orrick Herrington & Sutcliffe. The team, which includes three partners, will be located in Düsseldorf, augmenting Herbert Smith Freehills’ cross-border practice capabilities. For further details on this legal move, visit the original article. “`
McDermott Will & Emery continues to bolster its presence in London with the addition of an arbitration partner. This marks the firm’s eleventh lateral hire in the UK capital within the last year, highlighting its strategic growth in the region. While details are limited due to the article being behind a paywall, more information can…
Latham & Watkins, Cleary Gottlieb Steen & Hamilton, and Clifford Chance are assisting sovereign wealth funds in the Middle East with notable investments within the tech, logistics, and infrastructure sectors. Significant transactions include Saudi Arabia’s deployment of Clifford Chance’s legal expertise to aid Elm Company, a subsidiary of the Saudi Ministry of Finance, in its…
Hogan Lovells and Burges Salmon have secured significant roles in a massive £9 billion contract with the UK Ministry of Defence. The agreement involves Rolls-Royce and pertains to the manufacturing of nuclear submarine reactors for the Royal Navy. This agreement comes under the initiative known as ‘Unity’ and marks the largest contract of its kind…
Professional services firm Alvarez & Marsal has inaugurated its first office in Dublin, as part of its plans to expand corporate finance operations in Ireland. This move is part of the firm’s broader strategy to grow its presence in the country, with an announcement also hinting at the establishment of a new mid-market law firm….
KPMG International is exploring a strategic entry into the U.S. legal market, which Stuart Fuller, the recently retired global head of legal services, identifies as a crucial step for the firm. As noted in an interview with Law.com International, Fuller emphasized the significant portion of the global legal services market—estimated at a trillion dollars in…
Dentons’ Brussels office has recently onboarded Joris De Vos, a seasoned partner from DLA Piper, to steer two newly initiated practices in Belgium. These include a restructuring practice and a litigation and dispute resolution practice. De Vos, who has been with DLA Piper since 2003, specializes in advising firms facing financial difficulties in areas such…
The mergers and acquisitions (M&A) landscape has significantly evolved over the past two decades, with firms such as Kirkland & Ellis, Latham & Watkins, and Paul Weiss ascending as global leaders. These firms have supplanted traditional powerhouses like Sullivan & Cromwell, Clifford Chance, and Slaughter and May. According to the Global Lawyer, despite the widely…
A landmark trial is underway in London, where BHP Group Ltd. faces allegations of ignoring significant warnings before the catastrophic failure of the Fundão dam in Brazil in 2015. The incident, which released millions of cubic meters of mining waste, devastated communities and ecosystems in its path. Over 620,000 claimants are pursuing approximately £36 billion…
In a recent legal development, U.S. District Judge Tanya S. Chutkan has allowed a breach-of-contract lawsuit to proceed against the government of Sierra Leone. The lawsuit, initiated by the law firm Jenner & Block, claims that the West African nation failed to pay $8 million in legal fees. Judge Chutkan dismissed a motion filed on…
“`html The competition for partner talent among law firms in the US is intensifying, with nonequity tiers playing a pivotal role. In 2025, Am Law 50 firms have aggressively pursued lateral recruits following a profitable 2024 for Big Law. Increasing demand for rising legal talent has prompted law firms to innovate their employment offerings, thereby…
“`html Eversheds Sutherland has announced the hiring of a former Ernst & Young (EY) veteran to lead its internal Alternative Legal Service Provider (ALSP) in the United States. This strategic move is part of the firm’s efforts to expand its service offerings and bolster its operational capabilities. In conjunction with this appointment, Eversheds Sutherland also…
A recent legal dispute in the U.K. involves accusations against King & Spalding, a prominent international law firm, and an ex-partner over the loss of a £1.7 million deposit. The case includes charges of both civil and “criminal” actions such as fraud and forgery. Details surrounding the allegations remain limited due to the paywalled nature…
The legal landscape in Singapore is witnessing a notable shift as Siraj Omar, SC, and Allister Tan, formerly partners at Drew & Napier, embark on a new venture. The pair has departed from the Big Four Singapore firm’s renowned dispute resolution team, taking along four additional lawyers. This move marks a significant development within the…
Law.com International has resumed its ‘People That Make Us’ series, with the latest feature focusing on the junior talent at Ashurst’s Glasgow office. This series aims to highlight the significant contributions of associates and business support professionals, often overlooked in the high-profile realm of Big Law. The article showcases a series of photos and interviews…
The recent leadership change at the U.K.’s Competition and Markets Authority (CMA) has left many partners puzzled. The appointment of an interim chair occurs amidst heightened pressure from the U.K. Chancellor to stimulate economic growth. This shift raises several questions regarding the direction and priorities of the regulator during a critical time for economic policy….
“`html In a significant development within the legal industry, Womble Bond Dickinson has reportedly become the first firm in the United Kingdom to deploy an AI tool, CoCounsel, across all its legal practices. While many firms have selectively integrated such technologies, Womble Bond’s move signifies a comprehensive embrace of AI solutions across its operations. This…
Womble Bond Dickinson has announced that it will deploy Thomson Reuters’ AI tool, CoCounsel, across its entire UK operations, making it the first major law firm in the United Kingdom to do so. While CoCounsel is utilized by other firms, Womble Bond is set to make it accessible to all of its UK lawyers. This…