• February 28, 2012 |

    Clydes chief awarded honorary QC status alongside 88-strong silk round

    The annual round of QC appointments has been announced today (29 February), with Clyde & Co senior partner Michael Payton awarded honorary QC status. Payton, who has been senior partner of Clydes since 1984, has taken the firm through a number of major changes including its merger with legacy Barlow Lyde & Gilbert in November last year. Blackstone Chambers, 7 King's Bench Walk and Doughty Street Chambers are among this year's most successful chambers, with all three housing a trio of newly appointed silks.

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  • February 23, 2012 |

    Friday's children - how RollOnFriday got kinda respectable

    Over a decade and a bit, irreverent legal website RollOnFriday has given City associates a voice and become respectable – almost. Suzanna Ring and Alex Novarese report...

    1 minute read

  • February 23, 2012 |

    Firms set to compete for services of outgoing FSA chief Margaret Cole

    Margaret Cole's seven-year spell at the Financial Services Authority is set to come to an end next month, with many City partners predicting a lucrative future in private practice for the respected litigator.

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  • February 23, 2012 |

    Stephenson Harwood among legal line-up on Tchenguiz SFO judicial review case

    Stephenson Harwood and BCL Burton Copeland are advising as property investors Vincent and Robert Tchenguiz contest their arrest by the Serious Fraud Office (SFO) in connection with the collapse of Icelandic bank Kaupthing. The brothers yesterday (22 February) won the right to a judicial review of the circumstances surrounding their high-profile arrests last year, after the SFO admitted to mishandling the case.

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  • February 17, 2012 |

    DLA-backed LawVest targets volume market with team of solicitors & QCs

    DLA-backed venture LawVest has assembled a team of solicitors and barristers to handle volume fixed-fee work, as details emerge of the legal services company's new-look business model. The company, which has launched under the trading name Riverview Law, will offer a range of legal services including commoditised work such as small debt collection, remortgaging and low-value litigation.

    1 minute read

  • February 16, 2012 |

    Wachtell leads for Kellogg on $2.7bn Pringles purchase after earlier Diamond bid fails

    Wachtell Lipton Rosen & Katz has taken the lead role for Kellogg on its $2.7bn (£1.7bn) acquisition of Procter & Gamble's (P&G's) Pringles crisps business, reports The Am Law Daily. The move comes less than a week after P&G announced that it was re-evaluating a planned sale to Diamond Foods for $2.35bn (£1.5bn) amid an accounting scandal involving the latter company's financial statements.

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  • February 16, 2012 |

    Latham posts double-digit growth as Bingham's 15-year revenue run ends

    Latham & Watkins saw revenue rise 11.6% to $2.15bn (£1.37bn) last year, surpassing the firm's 2007 high of $2.01bn (£1.28bn), reports The Am Law Daily. The impressive revenue hike came alongside a 13.8% increase in profits per equity partner to essentially match the US firm's 2007's figure of $2.27m (£1.45m).

    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

  • February 9, 2012 |

    Legal Services Act sees law firm LBO first as PE house secures Parabis deal

    "Parabis is already a very successful company and all of the stakeholders have done well out of it. The primary motivation was not cash out but to grow the business. The only change will be that it has now got access to deep-pocket capital for investment..."

    1 minute read

  • February 8, 2012 |

    Mayer Brown City real estate chief joins US rival as London office head

    US firm Katten Muchin Rosenman has hired Mayer Brown City real estate head Peter Sugden as its new London managing partner. The firm said the appointment had come as part of its expansion plans in its core areas of real estate and financial services. Sugden is taking on the role one year after Katten saw its former London head, funds partner Martin Cornish, depart for K&L Gates in early 2011. Finance partner Edward Black has headed up the office in the interim period.

    1 minute read