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  • March 27, 2014 |

    Freshfields trio name arbitration boutique 'Three Crowns'

    A new boutique set up by a group of senior arbitration partners, including three Freshfields Bruckhaus Deringer partners, has been named 'Three Crowns'.

    1 minute read

  • March 20, 2014 |

    Shearman client Deutsche Bank paying partner €117k a year for board role

    Shearman & Sterling partner Georg Thoma is being paid €116,667 (£97,000) a year to sit on the supervisory board of firm client Deutsche Bank, according to the company's 2013 financial report.

    1 minute read

  • March 20, 2014 |

    With KWM set to close in Berlin, is German strategy still a sticking point for global firms?

    On 14 March King & Wood Mallesons SJ Berwin (KWM) announced that it is to close its Berlin office by May, following a strategic review of its presence in Germany.

    1 minute read

  • March 18, 2014 |

    White & Case wins first-time place on HgCapital panel following Youle hire

    White & Case has won a first time place on mid-market buy-out house HgCapital's legal panel following the hire of Linklaters' client relationship partner Richard Youle last year. The US firm has taken a place on the revamped panel alongside Weil Gotshal & Manges and Linklaters, both of which regularly advised the private equity firm in the past.

    1 minute read

  • March 14, 2014 |

    Freshfields Germany trio quit to set up arbitration boutique

    A team of arbitrators has left Freshfields Bruckhaus Deringer in Germany to set up their own independent firm. Partner Christian Borris who is based in the firm's Cologne office, is leaving the magic circle firm to set up the boutique along with Frankfurt-based partner Sebastian Kneisel and associate Rudolf Hennecke. The new firm - Borris Hennecke Kneisel - will open in May.

    1 minute read

  • March 14, 2014 |

    KWM to close Berlin after review of German offices

    King & Wood Mallesons SJ Berwin is to close its Berlin office in May, following a strategic review of the firm's Germany practice. The office's venture capital transactional team, headed by partners Frank Vogel and Jan Dirk Heerma, are departing to set up their own boutique firm, while litigation counsel Tilman de Vries will relocate to Frankfurt.

    1 minute read

  • March 13, 2014 |

    Milbank still has big plans for Asia despite bucking trend by giving up local HK practice

    When Slaughter and May cast aside 125 years of tradition to make its first lateral partner hire in Hong Kong earlier this year it said something about the market in the Asian city. But as growing numbers of firms – both UK and US – pile into the region or bolster their ranks in a bid to capture a share of the coveted market, competition for talent, work and on fees is immense. Against this backdrop it is unsurprising that some firms are now reappraising their strategy, with it emerging this week that Milbank Tweed Hadley & McCloy is planning on winding up its local practice in the city. Having had a Hong Kong law practice for less than four years, the suggestion is that the firm is refocusing on international work and looking to adopt a similar model to the one it employs in Singapore, where it partners with top-tier local firms rather than hiring its own local lawyers. Given Milbank's profitability and the recent hires of two senior partners from Allen & Overy (A&O) in Hong Kong and Japan, as well as this week's capture of Stephenson Harwood aviation finance head Paul Ng in Singapore, the firm certainly seems to be evolving rather than downsizing.

    1 minute read

  • March 11, 2014 |

    Weil's City revenue climbs as global results reflect tough year

    Weil Gotshal & Manges' City arm has posted a 3.6% increase in revenue for 2013, as its global profit and turnover both suffered significant falls. The London office generated $114m (£68.6m) in fee income last year, up on the previous year when it brought in $110m (£66.2m).

    1 minute read

  • March 7, 2014 |

    Reed Smith's City turnover up 13% as global revenue hits $1.08bn

    Reed Smith's London office revenue increased 13% in 2013, the second successive year of double-digit growth for the Pittsburgh-founded firm's UK outpost. The City office hit its revenue target of $190m (£113.6m) last year, up from $168m (£100.5m) in 2012, with the energy and natural resources and financial industries groups performing particularly strongly.

    1 minute read

  • March 2, 2014 |

    Skadden, Shearman win mandates for Weibo's US IPO

    Skadden Arps Slate Meagher & Flom and Shearman & Sterling have snared roles on the upcoming US IPO of Chinese microblogging site, Weibo. News of the hotly anticipated listing emerged last week, with media reports estimating that it would take place in the second quarter of this year and raise around $500m.

    1 minute read