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  • March 7, 2012 |

    Herbert Smith set for lead role on multibillion-pound Lloyds lawsuit

    Herbert Smith and McGuireWoods are set to take lead roles on a multibillion-pound lawsuit brought against former Lloyds TSB directors for allegedly misleading investors over its merger with Halifax Bank of Scotland (HBOS) in 2008. The case will be launched in the coming weeks, dependent on funding being obtained by the claimants - shareholder group Lloyds Action Now (LAN) - with the action expected to reach trial in the next two years.

    1 minute read

  • March 5, 2012 |

    Withers and Reed Smith join best employer list as six law firms feature

    Six law firms have made it into The Sunday Times' annual 100 Best Companies to work for rankings, with Withers and Mills & Reeve the only representatives from the UK's largest 50 firms by revenue.

    1 minute read

  • February 23, 2012 |

    Shearman posts static PEP for 2011 as City revenues grow 5%

    Shearman & Sterling saw partner profits remain static at $1.56m (£993,000) in 2011, while revenue inched up 2% to $750m (£477m), reports The Am Law Daily. Despite a strong first half of the year, the firm began to suffer a general slowdown in transactional work amid the explosion of the Greek debt crisis in August, said senior partner Rohan Weerasinghe.

    1 minute read

  • February 23, 2012 |

    Reed Smith and Proskauer post 2011 results

    Reed Smith saw its second straight year of revenue growth in 2011 while profits per equity partner (PEP) fell 3%, reports The Am Law Daily. The firm's revenue grew 3.7% from $958m (£609m) in 2010 to $993m (£632m) in 2011, while PEP fell 2.9% to $1.02m (£649,000). Global managing partner Gregory Jordan described 2011 as "a solid year in a tough environment."

    1 minute read

  • February 23, 2012 |

    CC and LG lead on $1.6bn Shell bid as oil giant targets East Africa

    Clifford Chance (CC) and LG have secured lead roles on Royal Dutch Shell's $1.6bn (£1bn) bid for oil exploration company Cove Energy, reports The Am Law Daily. Cove, which is based in London and holds oil and gas assets in Kenya, Mozambique and Tanzania, is being advised by LG, with corporate partners Geoff Gouriet and John Reed heading up the firm's team.

    1 minute read

  • February 14, 2012 |

    DLA Piper continues global growth with Mexico office launch

    DLA Piper has today (14 February) opened a new office in Mexico City with the hire of a four-partner team from the local arm of US law firm Thompson & Knight. The team joining DLA includes tax partner Manuel Rajunov, projects partner Miguel de Erice, capital markets partner Guillermo Uribe and corporate partner Carlos Valencia, who specialises in telecoms, media and technology.

    1 minute read

  • January 31, 2012 |

    The Transfer Window: a round-up of recent moves including SJB, Eversheds and BLP

    SJ Berwin has added another energy partner to its London headquarters with the hire of Stuart Jordan from Greenberg Traurig Maher (GTM). Jordan, who has been at GTM since late 2010 when he joined from DLA Piper, is an engineering and construction specialist who handles both contentious and non-contentious work.

    1 minute read

  • January 11, 2012 |

    BLP turns to CC for latest London structured finance partner hire

    Berwin Leighton Paisner (BLP) is bulking up its banking and capital markets practice with the hire of Clifford Chance (CC) partner Prashanth Satyadeva. Satyadeva is set to join BLP's structured finance team, which sits within the wider banking group, in the coming weeks.

    1 minute read

  • January 9, 2012 |

    Fifteen-lawyer Reed Smith Hong Kong team breaks away to join new spin-off

    Reed Smith is to lose 15 lawyers in Hong Kong as part of a 50-strong team leaving to join a trio of ex-former partners at newly formed firm Howse Williams Bowers (HWB). The team, which includes 35 members support staff, will reunite with Reed Smith's former co-head of professional indemnity Chris Howse, insurance litigation partner Kevin Bowers and corporate partner Chris Williams, who all quit in December to form HWB.

    1 minute read

  • January 5, 2012 |

    Reed Smith, Bingham and Akin Gump add London lawyers to partnership

    Reed Smith, Bingham McCutchen and Akin Gump Strauss Hauer & Feld have become the latest US firms to announce their annual promotions rounds, with all three firms making up new partners in their London offices. The promotions rounds, which took effect last week (1 January), have seen Reed Smith make up a total of 22 partners, including four in London - shipping lawyers Helle Kjaerstad and Robert Wilkins and energy lawyers Vassia Payiataki and Paul Skeet.

    1 minute read