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  • November 29, 2012 |

    Carillion to drive panel firm work through new low-cost legal arm

    Carillion is to make all of its recently appointed panel firms use its new low-cost arm in Newcastle for commoditised work as the FTSE 250 construction group considers offering the service to other companies or law firms. The Newcastle base, known as Carillion Advisory Services (CAS), currently houses 60 paralegals providing support to Carillion on the commoditised elements of deals and other work, as well as providing legal aid advice to clients.

    1 minute read

  • November 29, 2012 |

    Leveson calls for new press law and tougher media self-regulation

    Lord Justice Leveson has put forward proposals for tougher media self-regulation and a new press law that could hand a statutory body such as OFCOM responsibility to monitor the press, in his much-awaited report published today (29 November). The 2,000-page report, which calls for the biggest shakeup of media law in years, follows last year's hacking scandal and the subsequent Leveson Inquiry into the culture, practices and ethics of the press.

    1 minute read

  • November 29, 2012 |

    Magic circle duo bag roles on £1.7bn rail systems acquisition by Siemens

    Linklaters and Freshfields Bruckhaus Deringer have advised on Siemens' £1.74bn acquisition of technology company Invensys' rail operations in the UK.

    1 minute read

  • November 28, 2012 |

    Contempt laws set for reform in consultation for new media age

    The Law Commission has launched a consultation on contempt laws in England and Wales in the wake of a number of high-profile cases which have seen current legislation challenged by the growing influence of modern media. The commission - the statutory independent body which keeps the law under review and recommends reform where necessary - is reviewing the existing Contempt of Court Act 1981, which prevents the publication of any material that produces a substantial risk of prejudicing a fair trial.

    1 minute read

  • November 27, 2012 |

    Network Rail kicks off panel review with eight new firms asked to tender

    Network Rail has invited a select list of firms to tender for a place on its legal panel, in the rail operator's first adviser review in more than three years. Twenty firms in total, including eight not currently on the panel, have been asked to pitch based on their relevant experience.

    1 minute read

  • November 27, 2012 |

    Pinsents wins High Court role as Berezovsky litigation saga continues

    Pinsent Masons has been appointed by the Government of Russia's Samara Region to represent it at the UK High Court in its efforts to recover almost RUB1bn (£20m) from oligarch Boris Berezovsky. The UK firm won the role after a tender process that was sparked by the Samara Region filing action to recover RUB989m (£19.4m) it claims it is owed by Berezovsky.

    1 minute read

  • November 26, 2012 |

    Macfarlanes rehires top-rated private client partner from Speechlys

    Macfarlanes has turned to Speechly Bircham for a rare partner hire, with the re-appointment of Charles Gothard to its private client practice.

    1 minute read

  • November 25, 2012 |

    Linklaters and Addleshaws head up £12bn wealth management merger

    Linklaters and Addleshaw Goddard are advising on the merger of wealth management business Quilter & Co and investment firm Cheviot Asset Management, in a deal set to create a combined group with assets of more than £12bn. The merger, which is subject to regulatory approval, is expected to be finalised by the end of the year, with the merged firm known as Quilter Cheviot.

    1 minute read

  • November 23, 2012 |

    Ashurst cites currency fluctuations & tough markets as H1 revenues dip 6%

    Ashurst has reported a 6% drop in half-year revenues, citing tough markets and currency fluctuations as the reasons behind the dip. The £145m figure for the first half of 2012-13 contrasts with a strong H1 in 2011-12, which saw the firm take in £154m.

    1 minute read

  • November 19, 2012 |

    A&O, Wragges and Nabarro unveil H1 figures as firms tackle tough market

    Allen & Overy (A&O), Wragge & Co and Nabarro have announced their half-year results for 2012-13, as tough markets continue to impact on law firm financial performance across the UK top 50. A&O has seen revenues fall at the half-year point, with turnover down 2.7% to £566m from the 2011-12 H1 figure of £582m. However, the firm said that on a constant currency basis, reported turnover grew by 1%.

    1 minute read